The fashion industry has shifted due to the rise in environmental, social, and governance (ESG) awareness, and many investors consider ESG when making investment decisions. This study aims to determine the impact of board and audit committee characteristics on ESG disclosure and to analyze whether firm size can moderate the influence. This study examines 106 companies in the fashion industry located in 22 countries from 2016 to 2021. Both panel data OLS regression analysis and moderated regression analysis are used in this study. The findings of this study demonstrate that the characteristics of board and audit committee positively impact ESG disclosure. Meanwhile, firm size was found to moderate the impact of board diversity (weaken) and board independence (strengthen) on ESG disclosure. However, this study did not discover the moderating variable’s effect on audit committee size and meeting. This study contributes new literature on ESG disclosure and governance research by focusing on the fashion industry. This study shows empirical evidence that suggests various essential determinants of environmental, social, and governance (ESG) in the fashion industry.
