Embedding Esg Essentials To Attain Sustainability

Abstract

The Human planet will soon embark into the second quarter of this Century. At such instant, countries worldwide are witnessing enormous change, the way governing bodies deal with social and economic concerns. Soon after the implementation of latest version of Companies Act, adherence of the Indian Government towards adoption of 2030 Agenda for Sustainable Development has been appreciated as a historic move. SDR, 2022 placed India into 121st rank with SDG Index Score of 60.32 . This can be seen far behind than countries like Finland, Denmark, Sweden and Norway, but rising trajectory trend in graphical scale till date is articulately assuring the promising outcomes. Post-COVID society seeks to reform resilient economies with sustainable business advancements and presumes handily approach from corporate sector. It appears that such possibilities might have been sensed early by MCA to awaken the companies to contribute to the society. Good corporate governance system not only necessitates participating CSR activities but also facilitates incorporating sustainable development. To achieve it, embedding ESG framework has been a global phenomenon to represent trillions of assets under management. ECOSOC, recently, urged the industry players to adopt ESG elements and believes on their potential to build strengthened social economies. The present article endeavours to sketch ESG initiatives towards social resilience and the way it may help to achieve SDGs. It explores the grounds on which CSR initiatives gets transformed into ESG movements, to budge towards consideration of environmental, social and governance framework and contribute to attain sustainability.