PENGARUH FAKTOR ESG (ENVIRONMENTAL, SOCIAL, AND GOVERNANCE) TERHADAP KINERJA SAHAM PERUSAHAAN

Fatia Hadaya Panjaitan (Universitas Islam Negeri Sumatera Utara)
Siti Aulia Zannah (Universitas Islam Negeri Sumatera Utara)
Ahmad Wahyudi Zein (Universitas Islam Negeri Sumatera Utara)

International Journal of Islamic Business Management
Vol 5 No 3 (2026)

This study aims to analyze the effect of Environmental, Social, and Governance (ESG) on corporate stock performance. ESG is understood as a sustainability approach that includes environmental, social, and governance aspects of a company. The research method used is a qualitative approach with a literature review based on scientific journals published between 2021 and 2026. The findings indicate that ESG plays an important role in increasing investor confidence by reducing risks, improving transparency, and strengthening corporate reputation. However, the impact of ESG on stock performance varies across sectors and market conditions. Overall, ESG contributes positively to long-term firm value and investment attractiveness.