The ‘Making Growth Inclusive 2018’ Report gauges how socially and economically inclusive Indian organizations really are and asks if organizations are responsive towards the disadvantaged, vulnerable and marginalized.
In a bid to make Indian businesses and companies more responsible and aware of their role in the progression of the society, the Ministry of Corporate Affairs released the National Voluntary Guidelines (NVGs) in 2011 with nine principles ranging from consumer value, environmental protection, ethics, responsibility, and transparency to sustainability, human rights, advocacy, and lobbying. While their nature is progressive and comprehensive, NGVs have struggled to build a stable Indian narrative on corporate citizenship and responsible business practices in the country. Today, as India grapples with acute disparity in wealth levels, inadequate employee safety, detrimental impact of business on communities and environment, and lackluster job growth, it becomes imperative to ask, how inclusive is the India Inc. when it comes to growing and progressing as an economy? What is the role of the top companies in making this growth equitable and beneficial for all?
The ‘Making Growth Inclusive 2018: Analyzing Policies, Disclosures and Mechanism of Top 100 Companies’ report, prepared jointly by Praxis, Oxfam India, Partners in Change, and Corporate Responsibility Watch, provides an unequivocal picture of just how inclusive our progress has been. The report has a unique India Responsible Business Index (IRBI) as its core constituent, which analyzes disclosures from the top 100 listed companies on the Securities and Exchange Board of India (SEBI) on the following five parameters: non-discrimination in the workplace, respecting employee dignity and human rights, community development, inclusiveness in supply chains and community as business stakeholders.
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