As the economies of the world move towards globalization and increased competition among producers in different countries, the role and importance of innovation as a factor of efficiency and economic growth in countries is becoming more and more important to stakeholders. The importance of innovation in the process of economic growth of countries is so high that many economists have called it the engine of economic development in modern times. The purpose of this study was to investigate the moderating effect of audit committee independence on the relationship between sustainability reporting and corporate innovation. The statistical population of the study consisted of all listed companies in Tehran Stock Exchange. After examination, 130 companies were selected based on the systematic elimination method. In terms of purpose, this research is an applied research which has a deductive approach and correlation is a component of regression analysis.  The results of hypothesis testing indicate that corporate size and liquidity variables have a significant effect on the sustainability reporting rate of companies. Also, the two variables of company life and intangible assets do not have a significant effect on corporate sustainability reporting. Based on the results, a positive relationship between sustainability reporting and corporate innovation was confirmed. The independence of the audit committee also has a moderating effect on the relationship between sustainability reporting and corporate innovation. Therefore, managers need to be committed to performing sustainability-related tasks in three economic, environmental, and social dimensions in order to make optimal investment, produce high-quality product and technology, maintain stakeholder interest and reduce agency costs.