Redefining The Pathway Towards Sustainable Growth: The ESG Way

Abstract

The rise in environmental and social issues worldwide has turned the corporate stakeholders’ attention towards addressing the needs of people and the planet besides focusing on profits. Therefore, much hope is centered on the environmental, social, and governance (ESG) factors. ESG performance of an enterprise reflects its commitment towards incorporating environmentally and socially conscious corporate activities in tandem with a robust governance structure. Moreover, the Covid 19 pandemic has magnified the significance of ESG factors. Corporate stakeholders are now more eager to know how an enterprise integrates ESG practices into business strategy and demand greater transparency in ESG reporting. In India also companies’ ESG performance has started gaining momentum. This study provides insights into the ESG issues describing its importance and current scenario in India.