Sustainability Reporting in the Banking Sector: Exploring the Trends and Unravelling the Impact on Financial Performance
DOI:
https://doi.org/10.33516/maj.v59i1.57-62pKeywords:
No keywords.Abstract
The exponential rise in sustainability disclosures has lured to explore the five years data (2016-17 to 2020-21) based on environmental, social, and internal socioenvironmental disclosures made by Indian private sector banks, listed on BSE SENSEX and to determine the association and impact on financial performance using ROE and EPS as proxies. An inter and intra bank comparison has been made using Kruskal Wallis H – test by applying the Spearman Rank Correlation to determine the association and findings revealed that hypotheses proved to be insignificant. Moreover, disclosures are limited to narrative ones and lack the quantitative aspect and study recommends framing stringent framework and policies to ensure uniformity, fairness, and accountability of sustainability disclosures made by the respective companies.
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