The Evolution of Environmental, Social and Governance (ESG) Disclosures in India: A Regulator Perspective

In recent times, there has been a momentous increase in investor interest towards Environmental, Social and Governance (ESG) Investing globally. The COVID 19 pandemic made ESG investing more mainstream as it acted as a wakeup call to decision makers to follow a sustainable business models and to investors to prioritize a more approach sustainable approach towards investing. The rise in interest towards ESG investing has created a demand for ESG disclosures, rankings and ratings. At present, there is no universal standard governing ESG disclosures made by companies. This paper aims at analysing the evolution ESG Disclosures in India from the perspective of the Securities and Exchange Board of India (SEBI). The paper also compares ESG reporting under SEBI’s Business Responsibility and Sustainability Report (BRSR) with that of its predecessor, the Business Responsibility Report (BRR).

ESG Investing , ESG disclosures, Responsible Investing, Corporate Social Responsibility

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