‘E’ of Environmental, Social, and Governance (ESG) in India
Reporting, review and future prospects
Bibliographic Data
| ID | 21262834 |
|---|---|
| Authors | Atasi Mohanty (0000-0002-9532-5507, Indian Institute of Technology Kharagpur), V Krishna Priya, V Priya (Indian Institute of Technology Kharagpur, corresponding author), Uttara Naresh Paithe (Indian Institute of Technology Kharagpur), Aashish Mohanty (Indian Institute of Technology Kharagpur) |
| Year | 2025 |
| Volume | 3 |
| Issue | 1 |
| Publication date | 2025-10-26 |
| Peer Reviewed | Yes |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | Discover Global Society (JOURNAL) |
| Journal identifiers | ISSN: 2731-9687 • E-ISSN: 2731-9687 |
| Publisher | Springer Science and Business Media LLC (PUBLISHER) |
| DOI | 10.1007/s44282-025-00288-0 |
| OpenAlex | W4415552910 |
| Language | EN |
| References cited | 85 |
Nature is considered the foundation of economic growth. Its protection for a better future is necessary, with sustainability at its core for industries and society to flourish. Indian industries have diverse sectors, and some challenges and parameters are different for specific industries. However the frameworks for disclosures are the same, which is Business Responsibility and Sustainability Reporting (BRSR). BRSR for the Financial Year (FY) 2025–26 has been made mandatory for the top 1000 industries in India, but it lacks various environmental parameters. This study involves the Environmental, Social, and Governance (ESG) frameworks, standards, reporting systems, Sustainable Development Goal (SDG) targets, industry sectors, and energy consumption. Some significant gaps are observed such as the absence of universal guidelines and uniform measures for ESG reporting. Industries face the challenge of developing tailored metrics for disclosures because they are often driven more by regulatory and market pressures than environmental concerns. This paper highlights parameters within the BRSR Framework relevant to Indian industries that have not been previously addressed. They include noise pollution, animal extinction, soil pollution, and deforestation. This limitation brings difficulties for industries in reporting frameworks. To address these parameters and resolve challenges, this study aims to generate results that help develop a standard tool and recommendations for BRSR to add required parameters in the Environmental domain. This study underscores the need for BRSR to integrate sustainability, materiality, stakeholder engagement. Measurable outcomes to foster steadfast environmental commitment, advocating for universal standard for ESG measurement, particularly for the 'E' component are also highlighted
Corporate governance · Environmental governance · Stakeholder · Sustainability · Sustainability reporting · Sustainable development · Energy, Environment, Economic Growth · Environmental Sustainability in Business · Sustainable Development and Environmental Policy
| Citation velocity | historical |
|---|---|
| Highly cited | No |