In an age where sustainability is a business imperative, Indian companies are stepping up to lead the global charge towards environmental and social responsibility. BW India’s Most Sustainable Companies (IMSC) 2024 recognises these trailblazers. These firms exemplify how businesses can drive positive change while achieving long-term growth.
The Evaluation Process: In response to industry feedback, the fourth edition of the IMSC adopted a more robust, two-tiered process to finalise the rankings. In the first phase, BW Businessworld collaborated with Bilancia Consulting as the Knowledge Partner to analyse the most recent data. The second phase introduced an Advisory Council, composed of industry leaders and domain experts, to provide deeper insights and contextualise the data across various sectors. This addition ensured a more comprehensive evaluation.
Phase One: In this phase, a thorough evaluation across three key pillars—environmental, social, and governance (ESG) was undertaken. This methodology incorporated 36 key performance indicators (KPIs) derived from the Business Responsibility and Sustainability Reporting (BRSR) or Annual Integrated Report (AIR) for FY 2023-24. The KPIs cover critical aspects such as climate strategy, water and waste management, human capital management, governance structures and ethical business practices.
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