Effects Of Sustainable Reporting Practices On Corporate Performance Of Maharatna Companies

This study investigates the impact of sustainability reporting on the corporate performance of Indian Maharatna companies. This study gathered data on sustainability performance through the Bloomberg database and employs the panel OLS method to measure the impact of sustainability reporting on the corporate performance of Maharatna Companies. The study findings revealed a negative relationship between sustainability performance and with financial performance of the firm. This study also revealed that firms that invest more in reporting authentic information about their sustainability practices and risks tend to bring down their corporate performance. The study concludes that sustainable investing and reporting can be an effective tool for firms to improve their corporate performance. However empirical evidences show a negative impact of sustainable environmental investing and its reporting on market & operational performances of the firm. This study points out the need to determine the gestation period of negative returns for sustainable investments.