ESG STRATEGY REPORTING AND CORPORATE SOCIAL RESPONSIBILITY: AN EMPIRICAL ANALYSIS OF SUSTAINABLE CORPORATE GOVERNANCE PRACTICES

Environmental, Social, and Governance (ESG) strategy reporting has transformed the contemporary corporate sustainabilitylandscape by integrating measurable non financial metrics with financial performance indicators. Unlike traditional Corporate Social Responsibility (CSR), which largely emphasized philanthropic initiatives and regulatory compliance, ESG reporting provides a structured, data-driven framework aligned with investor expectations and long-term value creation. In India, regulatory initiatives such as the Business Responsibility and Sustainability Reporting (BRSR) framework mandated by the Securities and Exchange Board of India have strengthened ESG disclosure practices among listed entities. Globally recognized frameworks including the Global Reporting Initiative and the Sustainability Accounting Standards Board have further standardized sustainability disclosures.This study investigates the relationship between ESG strategy reporting and Corporate Social Responsibility performance among selected NSE-listed companies. The research evaluates whether ESG disclosures significantly influence financial performance indicators such as Return on Assets (ROA), Return on Equity (ROE), and Market Capitalization Growth. Secondary data collected from sustainability and annual reports over a five-year period (2019-2024) were analyzed using correlation analysis, multiple regression, and ANOVA.