ABSTRACT: This study aims to investigate the effect of Environmental, Social and Governance disclosure on firm valuesusing control variables such as firm size, financial leverage, firm age, sales growth and loss. This study used Tobin’s Q as a proxy of the firmvalue, and the Global Reporting Initiatives (GRI) of the Sustainability Report (SR) of Indonesian public companies to measure Environmental, Social and Governance (ESG) disclosure. The population in this study are non-financial companies listed on the Indonesia Stock Exchange in 2016-2021. Sampling was done by purposive sampling. Based on the purposive sampling method, samples were obtained for the six years obtained (2016-2021). The method used to analyze the effect of independent variables on the dependent in this study was the panel data regression analysis using Eviews 12 software. The results of this study indicate that environmental disclosure has a negative effect on firm value. While social disclosure has positive effect on it. On the other hand, corporate discolure has no effect on it.

Keywords: Environmental Disclosure, Social Disclosure,Corporate Governance Disclosure, Tobin’s Q GRI