Dematerialization through information technology aids in advancing environmental sustainability. Replacing a bound thesis with an e-thesis for a university dissertation will be a complementary paradigm shift for higher environmental performance. Hence, the study intended to determine and compare the environmental performance parameters of conventional paper-based bound-thesis and e-thesis. Moreover, the study aimed to identify the activities causing higher environmental burdens during the production of bound and e-thesis. Open LCA 1.11 was employed for a conventional bound thesis with its e-version submitted by the undergraduates of the Faculty of Agriculture, University of Ruhuna, Sri Lanka. The study utilized U.S. EPA life-cycle inventory data. The analysis demonstrated that the overall global warming potential of a 40-page hard cover thesis was 4,839,000.00 kg CO2-eq to which paper and cover import and paper manufacturing stages contributed more than 99% (4,830,000.0 kg CO2-eq). In comparison, a 0.084 MB soft copy of an e-thesis reported a negligible (0.09936 kg CO2-eq) global warming potential value. Ozone formation-human health, ozone formation-terrestrial ecosystems, terrestrial acidification, fine particulate matter formation, and marine eutrophication potential were 265,584.31 kg NOx eq, 265,583.21 kg NOx eq, 177,451.5 kg SO2 eq, 52,948 kg PM2.5 eq, and 29,041.0 kg N-eq for bound thesis production system. Except for the stratospheric ozone depletion impact and water consumption, environmental performance indicators of e-thesis were superior to the conventional-bound thesis. The study recommends the preparation of e-thesis as an environmentally sound approach. Switching to renewables, extended lifespan, and material recycling of devices at the end of use, sustainable forestry practices, process optimization, and cleaner production technologies can further enhance the environmental performance of e-thesis.