This study aims to provide empirical evidence on the effect of ESG
disclosure on firm value in energy sector companies listed on the Indonesia Stock
Exchange (IDX) in 2019-2023. The ESG disclosure variable will be measured
using the GRI Index, while the firm value variable will be measured using Tobin's
Q. There is one control variable used, namely Size which is measured by the
natural logarithm (Ln) of total assets. The data used in this study are secondary
archive data sourced from annual reports and/or sustainability reports, as well
asYahoo Finance. The sample in this study consisted of 105 observations obtained
based on the purposive sampling method. Hypothesis testing was carried
outusing the multiple linear regression analysis method. The results of the study
indicate that environmental, social, and governance (ESG) disclosure has a
negative effect on firm value.