The Impact of Corporate Sustainability Reporting on Telecommunication and Media Sector Companies in Malaysia: A Comparison Study Before and After Mandatory Compliance

Abstract

Sustainability reporting serves as a public disclosure strategy adopted by companies to provide internal and external stakeholders with a comprehensive overview of the corporate standing across economic, environmental, and social domains. In Malaysia, sustainability reporting became mandatory compliance for all publicly listed companies starting in 2016. This study aims to examine the relationship between sustainability reporting and company performance of 11 Malaysian listed companies within the communications and media sector before and after mandatory compliance spanning from the years 2014 to 2017. Through the analysis of pre- and post-reporting data sourced from Sustainability Reports on the Bursa Malaysia website, the research investigates the potential correlation between sustainability reporting and company performance. The findings indicate a negative association between sustainability reporting and company performance; however, the study acknowledges limitations due to the small sample size, highlighting the need for broader analyses in future research endeavours.