Recently, Prime Minister Shri Narendra Modi, in his address at the COP26 global climate summit in Glasgow, shared India’s commitment to climate change mitigation and its transition to a net-zero economy by 2070.
It is expected that India will put climate change at the center of decisions while outlining any regulatory policies. Businesses need to prepare for the changing market and ESG framework
The new ESG reporting requirement is going to help stakeholders to identify and measure the company’s ESG performance in a similar way as done for financial results. The Companies need to look at sustainability assurance of ESG reporting, as an independent review that can help them to build trust with stakeholders and investors.
Article by Makarand Joshi & Pradnesh Kamat on the Evolving ESG Reporting Landscape is published in the December issue of Chartered Secretary of ICSI!