A Blend Between Ethics And Growth

With the world facing an ever-increasing environmental and social challenges, the thought process of investors has been showing a radical change – from being focussed on profits out of their prospective investments, to being more interested in where the profits are coming from. Companies are expected to "do the right thing" and contribute positively to the society rather than just paying the taxes and fulfilling their corporate responsibility.

Sustainability reporting frameworks have evolved over time and companies worldwide have adopted these frameworks for measuring, monitoring and disclosing performance in areas related to Environmental, Social and Governance ("ESG"). ESG reporting started in the year 2009 by way of National Voluntary Guidelines ("NVG") on Corporate Social Responsibility ("CSR") introduced by the Ministry of Corporate Affairs ("MCA"). Prior to the Companies Act 2013 ("the Act"), CSR in India was only seen as a philanthropic activity. Over a