Locating the future of ESG in India’s present sustainability framework

IF 1.9 Q2 ETHICS Asian Journal of Business Ethics Pub Date : 2024-01-30 DOI:10.1007/s13520-024-00191-y

Aanchal Kabra

引用次数: 0

Abstract

India’s present sustainability framework for corporates largely consists of scattered obligations across various legislative frameworks. The purpose of this study is to understand corporate response to different sustainability obligations in India. Through this, the study aims to understand if the CSR regime alone is enough to meet India’s sustainability requirements or if further changes are required. CSR disclosures of the top 25 fortune India 500 companies over 2 years are contrasted against their ESG risk rating per Indian and foreign ESG risk rating agencies. Findings indicate that all eligible companies are large proponents of CSR but are hardly in tune with the other sustainability obligations under Indian laws. Unfortunately, the impactful CSR regime does not appear to result in good ESG performances. In response to this finding, the paper concludes with recommendations to rectify the same.

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在印度目前的可持续发展框架中定位环境、社会和治理的未来

印度目前的企业可持续发展框架主要由分散在不同立法框架中的义务组成。本研究旨在了解印度企业对不同可持续发展义务的回应。通过这项研究，旨在了解仅靠企业社会责任制度是否足以满足印度的可持续发展要求，或者是否需要进一步的变革。将印度 500 强企业中排名前 25 位的公司在两年内披露的企业社会责任与其在印度和国外 ESG 风险评级机构的 ESG 风险评级进行对比。研究结果表明，所有符合条件的公司都是企业社会责任的积极倡导者，但几乎没有遵守印度法律规定的其他可持续发展义务。遗憾的是，具有影响力的企业社会责任制度似乎并没有带来良好的环境、社会和公司治理表现。针对这一发现，本文最后提出了纠正这一问题的建议。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Asian Journal of Business Ethics ETHICS-

CiteScore

2.60

自引率

38.50%

发文量

期刊介绍： The Asian Journal of Business Ethics (AJBE) publishes original articles from a wide variety of methodological and disciplinary perspectives concerning ethical issues related to business in Asia, including East, Southeast and South-central Asia. Like its well-known sister publication Journal of Business Ethics, AJBE examines the moral dimensions of production, consumption, labour relations, and organizational behavior, while taking into account the unique societal and ethical perspectives of the Asian region. The term ''business'' is understood in a wide sense to include all systems involved in the exchange of goods and services, while ''ethics'' is understood as applying to all human action aimed at securing a good life. We believe that issues concerning corporate responsibility are within the scope of ethics broadly construed. Systems of production, consumption, marketing, advertising, social and economic accounting, labour relations, public relations and organizational behaviour will be analyzed from a moral or ethical point of view. The style and level of dialogue involve all who are interested in business ethics - the business community, universities, government agencies, non-government organizations and consumer groups.The AJBE viewpoint is especially relevant today, as global business initiatives bring eastern and western companies together in new and ever more complex patterns of cooperation and competition.