Quality of ESG Reporting and Disclosure Practices of Indian Companies

Abstract

Globalization has made the business environment more dynamic and vulnerable. Therefore, apart from financial information, other information regarding the environmental and social implications of such businesses is gaining equal importance. Therefore, the present study intends to analyze the quality of ESG reporting practices among selected companies in India and evaluate the perceptions of experts on the opportunities and challenges of ESG reporting and disclosure practices. The results reveal a significant difference in the quality of ESG reporting practices. It is interesting to note that there is a notable improvement in ESG reporting practices among the selected companies over time. Furthermore, the results of a survey of experts revealed that regulatory requirements are the top priority for adopting such practices. The opinions of experts also confirmed that diversity in ESG disclosure is a big challenge that companies face in undertaking such practices.