In the contemporary business landscape, the integration of Environmental, Social, and Governance (ESG) factors into corporate practices has become essential for achieving sustainable development and enhancing corporate accountability. This book delves into the evolving field of ESG accounting, emphasizing its impact on performance measurement, risk management, and corporate governance. By using empirical data from Chinese listed companies over a decade, it elucidates how ESG practices influence financial performance and the role of audit quality in this dynamic. The findings underscore the significance of high-quality ESG disclosures in fostering corporate transparency, enhancing stakeholder trust, and driving sustainable business practices. The distinct characteristics of the Chinese market, offering valuable insights into the global discourse on ESG integration, are highlighted. Through rigorous data analysis and comprehensive exploration of accounting frameworks, the book provides actionable recommendations for policymakers, investors, and corporate managers, advocating for robust ESG practices as a cornerstone of sustainable corporate success.