Human Resource Safety Reporting in Annual Reports of Textile Companies: A Study from Indonesia

¹ Department of Accounting, Faculty of Economics and Business, Universitas Muhammadiyah Yogyakarta, Indonesia
² Department of Management, Faculty of Economics and Business, Universitas Muhammadiyah Yogyakarta, Indonesia

^* Corresponding author: fitri.wahyuni@umy.ac.id

Abstract

The frequency of Occupational illnesses, injuries, and accidents has increased recently, becoming a significant problem in developing countries. This research examines the Level of Human Resource Safety Reports (HRSR) and the type of reporting based on the GRI 2018 safety guidelines constructed reporting index checklist. The empirical study is analysed based on the evidence from annual reports of textile firms listed in the Indonesia Stock Exchange (IDX) from 2018 to 2022 for five years. The study findings empirically show that adopting GRI human resource safety guidelines contributes to better safety performance for textile firms in Indonesia in the short term and is gradually increasing. Overall, for all the periods reported on average, approximately 3.57 percent of the item keywords reported the HRSR index in the annual reports, and the number of keywords is approximately 14.69 percent of the HRSR index. The nonfinancial keywords reporting for the sample firms reported an average of approximately 4.71 percent, and the total word average was approximately 44.52 percent of the HRSR index. Longitudinal studies are necessary, while industry-specific research can create customized frameworks. The identification of best practices can be achieved by examining the impact of corporate governance and the function of technology in reporting.