IJMRR - International Journal of Multidisciplinary Research & Reviews
Int. J. Multidiscip. Res. Rev.
DOI Prefix: 10.56815
I J M R R
Int. J. Multidiscip. Res. Rev.

International Journal of Multidisciplinary Research & Reviews

Peer Reviewed | UGC Compliant | High Impact Factor | Scientific Journal

ISSN: 2945-3135 | High Scientific Impact | UGC-CARE Followed
IJMRR - International Journal of Multidisciplinary Research & Reviews

International Journal of Multidisciplinary Research & Reviews

DOI DOI Prefix: 10.56815
Vol. 5 (2026) No. 3: March (2026)

Esg Performance and Corporate Sustainability: An Empirical Study of Indian Listed It Companies

Kavithashree M, Sunil G E, Bhavyashree K & Shivakumara C Y

Background: Environmental, Social, and Governance (ESG) criteria have emerged as critical determinants of corporate sustainability and long-term financial performance, particularly within the technology-intensive Indian information technology (IT) sector. Objectives: This study empirically investigates the relationship between ESG performance dimensions and corporate sustainability outcomes among Nifty IT-listed companies over the period 2019-2024. Methodology: Employing a balanced panel dataset of 30 Indian IT companies across 180 firm-year observations, the study applies fixed-effects panel regression, random-effects models, and the Generalised Method of Moments (GMM) to address endogeneity concerns. Findings: Results indicate a statistically significant positive relationship between composite ESG scores and all financial performance metrics (p < 0.01). The governance pillar exhibits the strongest explanatory power (beta = 0.412), followed by environmental (beta = 0.318) and social pillars (beta = 0.267). Firm size and R&D intensity moderate the ESG-performance nexus. Conclusion: Proactive ESG adoption creates sustainable competitive advantage for Indian IT companies, with significant implications for regulators, institutional investors, and corporate boards.

Keywords:
ESG Performance Corporate Sustainability Indian IT Sector Financial Performance Governance