GREEN COMMITMENT FOR SUSTAINABILITY: ENVIRONMENTAL DISCLOSURE IN A MALAYSIAN PUBLIC LISTED CONSTRUCTION FIRM

  • Hafizah Binti Abd Mutalib Tunku Puteri Intan Safinaz School of Accountancy, Universiti Utara Malaysia
  • Nurul Huda Yahya
  • Syamsyinar Hasan

Abstract

Malaysia aspires to become a sustainable and fully developed country in near future, thus, the contribution by its construction industry may not be taken lightly. However, besides its significant contribution towards Malaysian development, construction industry also contributes to substantial impact on environmental degradation as soil erosion and sedimentation, flash floods, destruction of vegetation and dust pollution and many more. Due to these environmental impact, which may detriment government’s aspiration towards preserving environmental sustainability,  it is fundamental to investigate how firms in construction industry mitigate or compensate the negative environmental impact caused by their activities. The objective of this study is to observe the environmental commitment and disclosure by a Malaysian public listed construction firm. Specifically, this study tries to investigate if such commitment is being embedded in firm’s vision and mission statements, in its management’s statement and its stand-alone sustainability reports. The study apply qualitative approach using content analysis technique in extracting data. A single Malaysian construction public listed company has been selected for examination. The findings reveal that despite the fact that environmental issue is a crucial matter to be addressed by construction industry, it is surprising that environmental concern is not being addressed in firm’s long term vision and mission. In firm’s Group Managing Director’s statement and firm’s stand-alone sustainability report however, different results have been found. Environmental sustainability has been put as priority by the firm which mainly addresses on biodiversity and conservation efforts including constructing green buildings, protecting endangered species, environmental collaboration, green spaces and tree planting activities. The findings from this study may shed some light on the commitment of construction industry in preserving the environment consistent to Malaysian government’s aspirations in becoming a fully developed country and at the same time putting forward the importance of green growth and sustainability.  

Author Biography

Hafizah Binti Abd Mutalib, Tunku Puteri Intan Safinaz School of Accountancy, Universiti Utara Malaysia
Senior Lecturer
Published
2020-09-20
Section
Social Science (Finance, Management, Accounting, Business, Humanities)