Linkage between Sustainability Practices and Financial Performance: A Study of Select Indian Companies

Abstract: The contemporary narrative of business growth and progress underscores the imperative of sustainability, prompting a shift in management ethos towards the welfare of all stakeholders and the conservation of natural resources. This study delves into the impact of sustainability practices on the financial performance of Indian companies across diverse sectors. By scrutinizing environmental, social, and governance (ESG) practices and their correlation with key financial metrics such as Return on Equity (ROE), Return on Assets (ROA), and Return on Capital Employed (ROCE), the present paper seeks to shed light on the interplay between sustainability endeavours and financial performance within the Indian business milieu. The findings of the study offer actionable insights for businesses, policymakers, and investors navigating the complex terrain of sustainability.