India wants to catch the sustainability and good governance bandwagon to be counted as a serious global corporate player. India Inc. is fast embracing global regimes built around environmental, social and governance (ESG) parameters, while the government wants to push the industry to self-reporting on ESG frameworks. The Securities and Exchange Board of India (SEBI) decisively pushed listed firms towards ESG adoption when it made reporting compulsory for top 1,000 listed companies by market capitalisation from 2021–22 through the Business Responsibility and Sustainability Report (BRSR). Realising the global push for ESG programmes and SEBI’s continued focus—the market regulator streamlined the disclosure process through BRSR Core, which mandates the top 150 listed firms to follow the norms from 2023–24 while expecting the top 1,000 firms to comply from 2026–27—companies in India are trying to make sense of the new sustainable and fair business regime.
To gauge the preparedness of India Inc. on ESG parameters, The Outlook Group and business consulting firm BDO India joined hands to undertake the Outlook ESGBharat Survey 2023. It is the first-ever industry survey to evaluate full ESG preparedness in the country with an aim to assess business leaders’ pulse around ESG adoption and gather the perspectives that may be useful in understanding the overall directional attributes of the ESG framework in India.
THE SURVEY BROADLY DIVIDES THE INDUSTRY INTO SIX SECTORS
Financial and services
▶ Financial includes finance and accounting, private equity and banking
This story is from the July 2023 edition of Outlook Business.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the July 2023 edition of Outlook Business.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Sign In
SHANKAR PRASAD
C'EST LA VIE - MY FAVOURITE
Star Plus
Actor Keerthy Suresh's talents extend far beyond the silver screen. In a chat with Prachi Khanna, she talks about her growing interest in the world of investments - from real estate to tech to co-owning a cricket team
Shelter From the Storm
Taking care of 500-plus homeless was only the first of the challenges; the 24-year-old social worker has done more since
Saying No to Jugaad
In India, people often rely on a quick-fix approach to manage the daily challenges of taking insulin shots. But a Gen-Z innovator has other ideas
Green Skills Champion
An unexpected career choice was the beginning of efforts to demystify the conversation around climate change and raise awareness
Force of Change
An educator's journey that started in the municipal schools of Andheri West is helping bridge the learning gap among young students
An Appetite for Health
The 'food pharmer' has taken on some of the biggest names in the FMCG sector. His mission: to get consumers to read product labels
More Than Medals
India's success at the Paris Paralympics can inspire a new era of inclusivity
Checkmate
A new generation of chess elite, backed by early mentorship and building on the wins of the previous generation, is cementing India's place at the top
On A Strong Wicket
Team India has had a mixed month but a good year. This was the year Rohit Sharma and his boys brought the T20 World Cup back home
