ESG : Does it Lead to Enhanced Firm Value?

Corporate sustainability is not just a buzzword for many industry leaders and corporations but has become an invaluable tool for exploring ways to reduce costs, manage risks, create new products, and drive fundamental internal changes in culture and structure. The purpose of the study was to examine whether or not corporate sustainability has an impact on firm value using a sample of India stocks included in the Nifty. Nifty 50 companies were selected for the study. Descriptive were calculated for the necessary variables. OLS Regression analysis was used to test the significance of the relationship between log of Tobin q and other variables used for the study. It was found that organizations adopting sustainability practices had a higher firm valuation than those not adopting them. The organizations clearly confirm higher firm valuations of sustainable companies than those of non-sustainable companies