The integration of Environmental, Social, and Governance
(“ESG”) principles into corporate
strategy has become increasingly important. The global shift
towards sustainable practices has placed ESG factors at the
forefront of corporate strategy. In India, there has been a
regulatory push for ESG compliance, by the Business Responsibility
and Sustainability Reporting (BRSR) framework
introduced by Securities Exchange Board of India
(SEBI) and the Carbon Credit Trading Scheme
(CCTS) introduced by Ministry of Power and
notified by the Central Government which shows that the current
government has a clear agenda i.e., to ensure that industries adopt
greener energy solutions.
Various large organisations in India, as part of their efforts
to be ESG compliant, have already started relying on green energy
as primary source to meet their power needs. For example, Mahindra
group recently announced that it will develop a 150 MW hybrid
renewable energy (solar + wind) project.
