ABSTRACT: This study aims to examine the effect of Environmental Performance and Environmental Costson Firm Value with Profitability as an Intervening Variable in Food and Beverage Companies Listed on theIndonesia Stock Exchange in 2017-2021. The independent variable in this study is environmental performanceand environmental costs, while the dependent variable in this study is firm value. The sample in this research isFood and Beverage Companies Listed on the Indonesia Stock Exchange in 2017 – 2021. The results of thisstudy found that Environmental Performance has an effect on Profitability, Environmental Costs have anegative effect on Profitability, Environmental Performance has a positive effect on Firm Value, EnvironmentalCosts have no effect on Company Value, Profitability has a positive effect on firm value, Environmentalperformance has no effect on firm value through Profitability, Environmental Costs has no effect on firm valuethrough profitability.
Keywords: Environmental Performance, Environmental Costs, Firm Value and Profitability.