A Comparative Study on ESG Performance of the top 100 Bombay Stock Exchange (BSE) Listed Companies in India

Authors : Akkas Aki

Volume/Issue : Volume 8 - 2023, Issue 7 - July

Google Scholar : https://bit.ly/3TmGbDi

Scribd : https://tinyurl.com/ywpu6dwp

DOI : https://doi.org/10.5281/zenodo.8268904

This study examines the performance, drivers, challenges, and best practices in ESG reporting from 10 different sectors in 30 BSE listed companies. A mixed methodology approach was used find the results of research questions and objectives by adopting the PWC ESG framework. Secondary data were collected from all publicly available reports (Integrated Annual, Annual, Sustainability, ESG, BRSR, and CSR policy reports. Primary data were collected through a structured questionnaire from 17 companies' top management-level employees. Our analysis shows that companies have better governance policy disclosure and reporting than environment and social. In the case of sectoral analysis, ICT companies have higher ESG disclosure with broad area coverage of qualitative and quantitative data, next to the Finance & Insurance and Oil & Gas sectors. This paper also found that customers, government regulations are the key drivers of ESG performance in India. On the other hand, lack of quality data, inefficient human resources, and lack of coordination at company levels are the significant challenges to ESG integration in Indian companies. Future researchers can conduct scientific research-oriented studies that companies prefer in place of consulting studies for integrating sustainability into working and improving disclosure.

Keywords : ESG performance; ESG drivers in India; best practices; BSE listed companies.


Paper Submission Last Date
30 - November - 2023

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