ESG Reporting in India

The NSE Centre for Excellence in Corporate Governance (CECG) has issued its most recent quarterly briefing titled “Environmental and Social Reporting by Indian Companies”, which I have authored. The executive summary is as follows:

  • Recent years have witnessed a strong focus on long-term sustainable value in companies rather than short-term profitability.
  • The need for greater transparency on sustainability issues has compelled companies to engage in environmental and social reporting, including in India.
  • The regulatory framework enabling such reporting has rapidly evolved in India and companies have demonstrated an upward trend in the incidence and quality of reporting.
  • However, a number of challenges remain: the lack of standardisation in reporting requirements, overreliance on regulatory mandates rather than innate business culture and the lack of clarity regarding the audience who benefits from such reporting.
  • Corporate boards and other stakeholders can take adequate steps to promote more meaningful environmental and social reporting.

About the author

Umakanth Varottil

Umakanth Varottil is an Associate Professor at the Faculty of Law, National University of Singapore. He specializes in corporate law and governance, mergers and acquisitions and cross-border investments. Prior to his foray into academia, Umakanth was a partner at a pre-eminent law firm in India.

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