Covid-19 Crisis and Sustainability Reporting of ESG in Jordanian Banking Industry

ESG sustainability reporting research is growing. Covid-19 and ESG reporting in Jordanian banks is the primary purpose of this study. Based on earlier studies, a modified ESG disclosure index analyzes 2010–2024 bank sustainability reports. ASE clustered OLS regression with fixed effect standard error tests hypotheses on 16 balanced Jordanian-listed banks. Multivariate modeling showed that Jordanian banks with higher ESG sustainability scores performed better during the COVID-19 epidemic. Each ESG sustainability reporting component supports this conclusion. Organizations have shown their COVID-19 pandemic preparation and crisis ethics by agreeing to meet ESG performance requirements. After a pandemic, firms have to adhere to the highest ethical standards. This study has major implications for businesses and legislators. The study's findings could be considered by regulators and lawmakers to create legislation that emphasize company openness and engagement to promote sustainable practices. Businesses are required to incorporate sustainable development into their strategy, management, and governance during the COVID-19 pandemic. Businesses should help restore and reimagine the economy. This study examines how COVID-19 affects ESG disclosure obligations. This article examines this issue using Jordanian statistics. Further research on CSR/ESG activities in developing nations is needed due to rising global economic trends and societal differences between developing and emerging states. Several studies have examined how the COVID-19 epidemic influenced a business's finances and operations, but few have examined ESG reporting. This research fills this gap by using Jordanian data.