Abstract:
This study examines the influence of various firm-specific factors on overall ESG performance
disclosure and its three dimensions, namely, Environment, Social, and Governance, on listed
companies from environmentally sensitive sectors in India. This study considered the
sustainability (ESG) scores of the selected companies for a period of 10 years, from 2013 to
2022. This study employs a panel data regression analysis. The results of the study revealed
that firm characteristics such as age and size have a significant positive impact, whereas
leverage has a significant negative influence on the overall ESG performance disclosure of
selected companies. Similar results are obtained for the environmental dimension, and
profitability is also found to have a negative impact on it. Firm age, size, and liquidity are found
to have a significant positive influence on social performance disclosure, whereas leverage has
a significant negative effect. Surprisingly, Government ownership is found to have a significant
negative influence on governance disclosure.
