Businesses are now focusing on sustainability practices such as carbon reduction, waste management, and improving the operational capacity. These sustainability practices however, need to benefit all stakeholders, whilst increasing a corporation's value. The stakeholder theory mentions the following: “Stakeholder theory (Freeman, 1984) suggests that organizations should not only focus on generating value and profit for owners or stockholders but should also consider the best interests of all the stakeholders engaged with the business. When businesses include ESG practices then this allows for a competitive market and a greater financial performance. The study shows that “overall ESG performance of environmentally sensitive corporations have positive and significant relationships with ROE and Tobin's Q, indicating that higher ESG performance positively impacts profitability and contributes to the increase in market value of these corporations.” The company's practices support the stakeholder theory and not the shareholder theory. Further, expanding on ESG practices can bring in financial benefits in focussing on social sustainability and environmental sustainability. The study has found out that,”our findings suggest that ESG performances of environmentally sensitive corporations are more recognized in the developed countries' markets and have a stronger impact on the financial performance of the corporations from developed countries than on those from emerging countries.