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Policy and regulations

Sustainability scorecard: Top NSE companies understand the letter of the law better than its spirit

Compliances and disclosures in the area of governance seem far better than in environment and social, where rules are yet to be codified. ESG (environment, social, and governance) standards and processes, therefore, need to be uniform and implemented well for companies to ensure long-term sustainability and enjoy high levels of investor confidence. Voluntary disclosures don’t work.
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23 Jul 2020 5 Mins Read 0 comment
Illustration by Anirban Bora
Illustration by Anirban Bora
Sticks work better than carrots for India Inc. or so it seems when one looks at National Stock Exchange’s (NSE) analysis of the ESG (environment, social, and governance) scorecard of top 50 companies. The NSE-commissioned study, executed by Stakeholders’ Empowerment Services, studied these companies under four non-financial parameters: policy, environment, social, and governance. It found disclosures and compliances
in their reporting with some pioneering companies like Wipro, Tata Steel, Mahindra & Mahindra, Reliance Industries adopting the framework. However, three years down the line, there is still limited availability of sustainability reports as only 50 listed companies could make it to the NSE analysis. Something for policymakers to ponder about. ( Graphics by Mohammad Arshad)
Sticks work better than carrots for India Inc. or so it seems when one looks at National Stock Exchange’s (NSE) analysis of the ESG (environment, social, and governance) scorecard of top 50 companies. The NSE-commissioned study, executed by Stakeholders’ Empowerment Services, studied these companies under four non-financial parameters: policy, environment, social, and governance. It found disclosures and compliances in their reporting with some pioneering companies like Wipro, Tata Steel, Mahindra & Mahindra, Reliance Industries adopting the framework. However, three years down the line, there is still limited availability of sustainability reports as only 50 listed companies could make it to the NSE analysis. Something for policymakers to ponder about. ( Graphics by Mohammad Arshad)

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