Comparison of Corporate Social Responsibility of Palm Oil Companies in Indonesia and Malaysia

Abstract

This study aims to identify the similarities and differences in the results of sustainability reports specifically in Indonesian and Malaysian companies engaged in the palm oil industry. The methodology used for this study is qualitative and the method used is a comparative study. Primary data is taken from interviews with experts. Secondary data is taken from the sustainability reports of palm oil companies listed on the Indonesian and Malaysian stock exchanges in 2023. The analysis was carried out based on the international standards of seven core issues ISO 26000 and GRI which are used side by side. It was found that Indonesian companies are more compliant than Malaysian companies even though both have regulations related to CSR activities. However, this study is limited by the time and data access of the researcher. This study is expected to provide recommendations for Indonesian and Malaysian companies in CSR reporting in the palm oil plantation sector in order to encourage sustainability and compliance with international standards.