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This study discusses the importance of Enterprise Risk Management (ERM) on financial performance and firm value with the quality of Environmental, Social, and Governance (ESG) disclosure in sensitive and non-sensitive industries. This study used a sample of 136 industries in ASEAN 5 for five years (2014-2018). The research method used was panel data analysis with 680 observations. The results showed that the ERM is significant positive on financial performance (ROA) and firm value (Tobins Q). In addition, the quality of ESG disclosure is proven to improve the influence of ERM on financial performance and firm value. When viewed from the different industries, the quality of ESG disclosures can improve the influence enterprise risk management on firm value in both sensitive and non-sensitive industries, but conversely on the financial performance only in not sensitive industries. This research can be used as a reference for industries to discuss the concept of Enterprise Risk Management (ERM) and the quality of Environmental, Social, and Governance (ESG) disclosures.