This study systematically investigates the correlation between ESG practices and the creation of stakeholder value in corporations. The study utilised the SALSA framework, a prevalent method for executing systematic literature reviews and syntheses. A search was performed across the Scopus, Web of Science, and ScienceDirect databases, encompassing the years 2020 to 2024. EGS practices from the majority of the examined research shown a significant positive influence on the corporate values created for stakeholders. Furthermore, most of the studies reviewed indicated that environmental and social practices significantly and positively influence value creation, whereas governance practices were predominantly shown to have an insignificant and negative correlation with stakeholder value generation. The paper has implications for corporate executives provides guidance for their business planning and decision-making about the promotion of ESG initiatives, aimed at enhancing value for key stakeholders. It will enhance understanding among the academic community regarding ESG practices and their implementation as a strategy for value creation for the firm's stakeholders. This study further strengthens the literature on determination of value creation for stakeholder and its relationship with ESG as a growing sustainability practice of interest.