The Role of Digital Technology in Sustainability Accounting: Findings from Pharmaceutical Companies in Indonesia

Agnes Fanny Laurent; Agung Tri Wahono; Ardian Ahmad; Merlisye Leasa; Yosua Zega; Yanuar Ramadhan

doi:10.37385/ijedr.v5i4.6420

Authors

Agnes Fanny Laurent Universitas Esa Unggul
Agung Tri Wahono Universitas Esa Unggul
Ardian Ahmad Universitas Esa Unggul
Merlisye Leasa Universitas Esa Unggul
Yosua Zega Universitas Esa Unggul
Yanuar Ramadhan Universitas Esa Unggul

DOI:

https://doi.org/10.37385/ijedr.v5i4.6420

Keywords:

Digital Technology, Sustainability Accounting, Pharmaceutical Industry, Transparency, Operational Efficiency

Abstract

This study aims to explore the role of digital technology in sustainability accounting practices in the pharmaceutical industry in Indonesia. The use of technologies such as big data, artificial intelligence (AI), blockchain, and the Internet of Things (IoT) has enabled pharmaceutical companies to improve operational efficiency and transparency of sustainability reporting. This study also identified challenges faced by pharmaceutical companies, such as regulatory uncertainty, technology implementation costs, and data security issues. This research uses a Systematic Literature Review (SLR) approach to collect and analyse evidence from relevant studies. The results show that digital technology can improve the accuracy of sustainability reporting, reduce environmental impacts, and increase public trust in pharmaceutical companies. The findings support the need for investment in digital technology as part of a long-term sustainability strategy in the pharmaceutical sector.

References

Adams, C. A. (2004). Corporate Social Responsibility Theories: Mapping the Territory. Ethical Social and Environmental Reporting.

Arka, Y. A. P., & Noviyanti, S. (2024). Lewat Inovasi dan Teknologi, PAFI Dukung Industri Farmasi Tanah Air Hadapi Tantangan Global. Kompas.Com.

Clarke?Sather, A. R., Hutchins, M. J., Zhang, Q., Gershenson, J. K., & Sutherland, J. W. (2011). Development of social, environmental, and economic indicators for a small/medium enterprise. International Journal of Accounting & Information Management, 19(3), 247–266. https://doi.org/10.1108/18347641111169250

Debnath, B., Shakur, S., Bari, A. B. M. M., Saha, J., Porna, W. A., Mishu, M. J., Islam, A. R. T., & Rahman, M. A. (2023). Assessing the critical success factors for implementing industry 4.0 in the pharmaceutical industry: Implications for supply chain sustainability in emerging economies. PLoS One, 18(6). https://doi.org/https://doi.org/10.1371/journal.pone.0287149

Erwin, Supriatna, A., Pujiastuti, E. T., Heningtyas, O. S., Sunarti, H., & Faturahman, D. (2024). INTEGRATED MANAGEMENT SYSTEM TO IMPROVE CORPORATE SUSTAINABILITY PERFORMANCE: A CASE STUDY IN THE PHARMACEUTICAL MANUFACTURING INDUSTRY INDONESIA. International Journal of Business and Society, 25(2), 555–572.

Garriga, E., & Melé, D. (2004). Corporate social responsibility theories: Mapping the territory. Journal of Business Ethics, 53(1–2). https://doi.org/10.1023/B:BUSI.0000039399.90587.34

Khan, A. A., & Manwani, D. T. (2013). “Sustainability & Corporate Brand Equity through Corporate Social Responsibility Initiatives.” Asia Pacific Journal of Management & Entrepreneurship Research, 2(2).

Khan et al. (2021). (2024). Addressing Challenges: Adopting Blockchain Technology in the Pharmaceutical Industry for Enhanced Sustainability. Sustainability (Switzerland), 16(8). https://doi.org/10.3390/su16083102

Nassif, A. B., Shahin, I., Attili, I., Azzeh, M., & Shaalan, K. (2019). Speech Recognition Using Deep Neural Networks: A Systematic Review. IEEE Access, 7, 19143–19165. https://doi.org/10.1109/ACCESS.2019.2896880

Nayyar, M. &. (2021). The enabling role of digital technologies in sustainability accounting: Findings from norwegian manufacturing companies. Systems, 9(2). https://doi.org/10.3390/systems9020033

Raut, R., Snyder, A., Mitra, A., Yellin, D., Fujii, N., Malach, R., & Raichle, M. (2021). Global waves synchronize the brain’s functional systems with fluctuating arousal. Science Advances, 7. https://doi.org/10.1126/sciadv.abf2709

Riedel, T. (2024). Addressing Challenges: Adopting Blockchain Technology in the Pharmaceutical Industry for Enhanced Sustainability. Sustainability, 16(8), 3102. https://doi.org/https://doi.org/10.3390/su16083102

Schaltegger, S., & Wagner, M. (2011). Sustainable entrepreneurship and sustainability innovation: Categories and interactions. Business Strategy and the Environment, 20(4). https://doi.org/10.1002/bse.682

Sivarajah, U., Kamal, M. M., Irani, Z., & Weerakkody, V. (2017). Critical analysis of Big Data challenges and analytical methods. Journal of Business Research, 70, 263–286. https://doi.org/10.1016/j.jbusres.2016.08.001