Do Sustainability Reports Show Corporate Social Responsibility (CSR) and Corporate Social Irresponsibility (CSI)

The awareness of sustainability in Indonesia is increasing from year to year. This is evidenced by the increasing number of sustainability reports that companies report. But some case study evidences from around the world have shown how companies can communicate their corporate social responsibility (CSR) policies while also getting involved in corporate social irresponsibility (CSI). Besides, this has not been accompanied by regulations that enforce the increase of reliability in sustainability reporting. In addition, the absence of a standard sustainability report that could be applied in all industries may also result in fraud (incomplete information disclosure) in sustainability reporting. This study shows that companies still emphasizes to have good company image even when disclosed negative information that occurs in the company. Sustainability reporting, which should have been a transparent communication tool, now seems to be polished into a tool to build good corporate reputation.