ESG Reporting An Enabler for Sustainable Business and Inclusive Growth

Abstract

Environment, Social, Governance reporting represents a fundamental shift in the mindset of Indian corporates. It goes a step beyond CSR to provide a framework for assessment of the sustainability performance of businesses and enables investors and stakeholders to make decisions based on financial and non-financial indicators, risks and opportunities. This article examines the need for ESG reporting, and the legal mandates which are evolving for ESG reporting in India and the global frameworks for ESG. It also touches upon the ESG contribution of some of the top corporates in India. Finally, it examines the kind of opportunities that the shift to ESG reporting will generate for finance professionals in India.