An Empirical Study Of Business Responsibility Reporting As ESG Perspective In Select Indian Banks

Abstract

All forward looking progressive organizations are consistently working towards conducting business in such a responsible and sustainable manner that leads consciousness of responsibility toward society. Environment, Social and Governance (ESG) is all about corporate social credit score, which is evaluated on the basis of company’s collective conscientiousness toward various environmental and social factors. The core objective of this study is to understand the concept of BRR in ESG perspective and also check the status of BRR in select Indian banks. The meaning of ESG and evolution and development of various reporting initiatives are discussed in brief. The different level of BRR disclosures as ESG perspective is found in SBI and HDFC bank have been dealt with. It is suggested that SEBI should make it mandatory for banks to prepare standalone BRR with annual reports. It is also suggested that professional bodies should issue guidance notes etc to their members for soundness and development of BRR.