ESG Reporting – Genesis And Significance

Abstract

ESG reporting came into prominence at the beginning of this century with the advent of Global Reporting Initiatives (GRI). It got further impetus after United Nations adopted the Sustainable Development Goals (SDGs) in 2015. Institutional and individual investors too have started tracking ESG parameters for investment analysis. Recently, Indian Companies Act has also mandated ESG disclosures for large firms. Given the importance being accorded by the regulatory body, this article traces the evolution of Sustainability reporting internationally and specifically in India. It also highlights the way forward and identifies likely impediments in the process.