A recent report by a leading Indian business publication, Outlook Business, revealed that many of India’s top companies are still struggling to report their green investments. Despite the growing awareness about the importance of environment, social, and governance (ESG) factors, only a handful of companies have disclosed their sustainability-related expenditures. The report analyzed the CDP framework, a widely used global standard for reporting ESG metrics, and found that only 10% of the top 500 companies in India have disclosed their green investments. The top 10 companies in India’s Nifty 50 index, which includes blue-chip stocks, also failed to report their sustainability-related expenditures. The report suggests that this lack of transparency hinders responsible investing and makes it challenging for investors to make informed decisions. The lack of reporting on ESG metrics can also create concerns about the companies’ environmental and social impact, which can ultimately affect their long-term financial performance. The report highlights the need for Indian companies to improve their ESG disclosure practices to increase transparency and accountability on these critical issues.
Despite developing financial disclosure requirements, India’s leading companies continue to face challenges in revealing their green investments, a trend that highlights the need for greater transparency in the country’s environmental and sustainable practices.
