Influenced by global dialogues and stimulated by the Indian policy makers, the Indian business diaspora has been, for the past few years, increasingly engaging in conversation and action on management and measurement of Environmental, Social and Governance (ESG) parameters. This shift in focus towards non-financial metrics comes amidst an increasing demand from global customers and investors for ESG disclosure along with the launch of the National Voluntary Guidelines for Social, Environmental and Economic Responsibilities of Businesses (NVG-SEE) which is applicable for all Indian businesses. In 2012, the Securities and Exchange Board of India (SEBI) mandated the filing of an annual Business Responsibility Report (BRR), which focuses on ESG performance, for the 100 largest publicly traded firms.
This landscape report is the first of its kind in India and has been undertaken by the Sustainable Business Leadership Forum to answer:
– How prepared are Indian businesses and their supply chains to adopt ESG management systems and sustainability disclosure and reporting practices?
– What are the drivers and opportunities perceived by businesses for ESG management and disclosure?
– What the investor perspective on gaining ESG information from businesses? What kind of ESG disclosures are investors most interested in and what’s the impact on investment evaluation?
– What are the steps needed to coordinate actions between existing institutions to increase the prevalence of impact disclosure from businesses in India?
This report is the product of a study which spanned three sectors: (a) Pharmaceuticals and Chemicals, (b) Automotive and Automotive Ancillary