The Imperative of ESG Reporting in Corporate Practices - Mahesh Borge, CSR COnsultant
Enhancing Transparency and Accountability: The Imperative of ESG Reporting in Corporate Practices In the contemporary landscape of corporate governance, Environmental, Social, and Governance (ESG) reporting has emerged as a pivotal mechanism for fostering transparency and accountability. Globally recognized standards such as the Global Reporting Initiative (GRI), the Sustainability Accounting Standards Board (SASB), and the Task Force on Climate-related Financial Disclosures (TCFD) have paved the way for comprehensive ESG reporting frameworks. In parallel, regulatory bodies like the Ministry of Corporate Affairs (MCA) in India have devised specific reporting formats, notably under Article 7, to streamline ESG disclosures tailored to regional contexts. ESG reporting encapsulates a holistic evaluation of an organization's impact on the environment, its engagement with society, and its governance structure. It serves as a conduit for stakeholders to assess a company's commitment t...
Comments
Post a Comment