Environmental, Social, and Governance (ESG) disclosure and firm performance: Evidence from GCC Banking sector

Sustainability reporting allows companies to reflect their impact on a range of sustainability issues and to raise the level of transparency required by all stakeholders. Environmental, Social, and Governance (ESG) are the main components of sustainability reporting. This study aims to examine the impact of ESG disclosure on the banks' performance. This study investigates 26 listed Banks in GCC countries for the period 2016-2019. This study uses return on equity (ROE) and return on assets (ROA) to measure banks' performance. The empirical results show that the impact of sustainability reporting is significantly negative on banks' performance.