ABSTRACT This systematic review synthesizes peer‐reviewed studies (2006–2025) to analyze the interplay between Industry 4.0 technologies (IoT, AI, blockchain), Corporate Governance, ESG Frameworks, and sustainability reporting outcomes. Using the PRISMA protocol, Bibliometric Analysis , and TCCM framework , we identify key antecedents (technological and governance factors) and their impact on sustainability reporting quality (accuracy and transparency) and subsequently on firm performance (financial and environmental). This study developed a bibliometric analysis from Clarivate Analytics' Web of Science (WoS) database until 2025. The findings reveal that the adoption of Industry 4.0 enhances data‐driven decision‐making but faces barriers such as cybersecurity risks and organizational inertia. The study provides actionable insights for firms in emerging markets such as India, emphasizing the role of governance frameworks (BRSR and GRI) in aligning SDGs with the capabilities of Industry 4.0. This research investigates the antecedents of Sustainability Reporting Quality (SRQ) using the TCCM (Theories, Contexts, Characteristics, and Methods) framework, considering financial and operational information from organizational records. Four drivers are found to be important: Industry 4.0 adoption, ESG frameworks, board characteristics, and firm characteristics, as found after studying the available literature. Theoretical model development in the past literature has been a limitation, as it does not fully address environmental uncertainty; hence, after systematically reviewing the articles, the authors created a theoretical framework for future studies.
Gund et al. (2025) studied this question.