ESG: New Age Financial Reporting in India - Challenges for Future
Published: 2022
Author(s) Name: Nand L. Dhameja, Samo Bobek, Manish Dhameja and Priyanka Singh |
Author(s) Affiliation: Manav Rachna Institute of International Research and Studies, Faridabad.
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Abstract
The story of Environmental Social Governance
(ESG) began in January 2004
with the joint initiative of United Nation,
the International Finance Corporation
(IFC) and the Swiss Government.
ESG framework covers intangible factors
and forces impacting organizations
so as to be linked with the global social
credit system. A business should
have high ESG score in order to be in
business for long unless there is a
change in its behavior. In India, credit
rating agencies like, CARE and CRISIL
and banks have carried out surveys to
work out ESG metrices among companies.
This study highlights the need to
develop ESG metrices for infrastructure
projects, services namely, education,
health care, transport, postal and communication,
irrigation and water works
deploying sizeable GDP.
Keywords: N.A.
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