This literature review explores the intricate relationship between non-financial reporting parameters and financial performance. As stakeholders increasingly demand transparency and accountability, non-financial metrics such as environmental, social, and governance (ESG) factors have gained prominence. This review synthesizes existing research to understand how these parameters influence financial outcomes. Key findings suggest that robust non-financial reporting can enhance corporate reputation, investor confidence, and operational efficiency, ultimately leading to improved financial performance. However, the impact varies across industries and regions, highlighting the need for standardized reporting frameworks. This article contributes to the ongoing discourse by identifying gaps in current research and suggesting directions for future studies to better comprehend the dynamics between non-financial disclosures and financial success.