Building Integrity, Protecting The Environment: The Influence Of Anti Corruption Commitment On Corporate Environmental Management Performance In Southeast Asia
DOI:
https://doi.org/10.59188/eduvest.v4i9.3791Keywords:
Anti-corruption, Environmental Performance, ASEAN 5, Board IndependenceAbstract
Environmental degradation poses a significant challenge globally, with Southeast Asia projected to face severe climate change impacts by 2050. This study investigates the influence of corporate anti-corruption commitment on environmental performance in ASEAN-5 countries (Indonesia, Singapore, Malaysia, Thailand, and the Philippines) from 2017-2022. Using data from 108 listed companies, the research examines how anti-corruption policies affect environmental management, measured by the Environmental Pillar Score (ES), and the moderating role of board independence. Regression methods are employed to test the relationships between the independent variable, anti-corruption commitment, and the dependent variable, environmental performance, as well as to evaluate the moderating effect of board independence. Findings reveal a positive and significant impact of anti-corruption commitment on environmental performance, underscoring the necessity for companies to balance stakeholder contributions and business operations. Anti-corruption measures foster transparency and compliance with environmental regulations, preventing illegal practices that harm both companies and economic growth. However, board independence does not significantly influence this relationship, potentially due to insufficient professional competence and ineffective environmental governance. The study suggests that while independent boards are crucial for accountability, their role in environmental sustainability needs enhancement through targeted training programs. This research highlights the importance of ethical corporate practices and robust governance frameworks in achieving sustainable business operations and environmental protection in Southeast Asia.
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