Environmental Sustainability Index

Finance

Accounting

Corporate social responsibility

Business

Stakeholder

Corporate governance

Social sustainability

Biology

Political science

Interdependence

Management

Economics

Stakeholder theory

Ecology

Sustainability organizations

Corporation

Corporate sustainability

Public relations

Sustainability reporting

Sustainability

Within the environmental, social, and governance (ESG) disclosure–corporate sustainability performance (economic, environmental and social; EES) framework, our empirical analysis examined the impact of ESG information disclosure on EES sustainability performance among Asian firms from 2005 to 2017. The positive ESG disclosure–EES sustainability performance relationship found in this study provides evidence that disclosing the implementation of environment and social strategies within an effective system of corporate governance in the organization strengthens corporate sustainability performance. The results also show that environmental performance and social performance are significantly positively related to economic sustainable performance, indicating that the corporation’s economic value and creating value for society are interdependent. In line with the stakeholder theory and the shared value theory, ESG information disclosure to all stakeholders is an important factor in creating a competitive advantage for enhancing corporate sustainability performance.

Corporate Economic, Environmental, and Social Sustainability Performance Transformation through ESG Disclosure