This paper examines whether the quality of corporate governance has a significant impact on sustainable value added by the companies. It uses a value-based measure of corporate performance, that is, sustainable value added (SVA) that measures the costs on the basis of value created by a company in the process of utilizing economic, environmental and social capital. Quality of corporate governance has been measured through an index. The association between the two has been examined for a sample of companies listed on the Bombay Stock Exchange (BSE) Carbonex index for 2015-“2019. The data were analysed through the panel data regression analysis. This paper found an insignificant impact of the corporate governance quality on sustainable value, but there exists a positive but a weak correlation between the two. It can be attributed to poor disclosure practices as the data on environmental and social performance are not disclosed by the Indian companies.
