Investigating the effect of environmental performance and corporate characteristics on the achievement of SDGs and enhancement of firm value

This study rigorously explains the contribution of environmental performance, firm characteristics, sustainable development goals, and firm value in mining firms listed on the Indonesia Stock Exchange from 2019 to 2022. The study employs the Partial Least Squares (PLS) technique, using Structural Equation Modelling, to analyse annual data. This approach is used to investigate the factors influencing firm value in mining companies. The PLS-SEM method was selected for its effectiveness in managing complex variable relationships and its suitability for predictive modelling. The findings show that three hypotheses were accepted from the six hypotheses proposed. Environmental performance has a negative impact on firm value. Firm characteristics have a negative contribution to firm value. Firm characteristics have a significant positive contribution to Sustainable Development Goals (SDGs). Environmental performance has no significant contribution to SDGs. Firm characteristics have no significant contribution to Environmental performance. SDGs have no significant contribution to firm value.