This study offers a vital comparative analysis of Environmental, Social, and Governance (ESG) Scores and ESG Risks, utilizing data from 196 Indian firms. Employing an Ordinary Least Squares (OLS) regression model effectively uncovers the relationship between ESG scores and ESG risks among these firms. The findings compellingly illustrate the differences in ranking between ESG scores and ESG risk. The study also reveals a critical inverse correlation: as a firm’s ESG score rises, its ESG risk diminishes. This emphasizes the urgent need for organizations to prioritize ESG initiatives, as it provides a strategic roadmap for minimizing ESG risk exposure. Such insights empower firms to make informed decisions that can significantly boost their ESG scores. Furthermore, the practical implications of this research are substantial for organizations, laying a foundation for decision-making that fosters sustainability and long-term success..
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