ESG stands for Environmental, Social, and Governance. It is a framework that companies use to assess their sustainability and ethical impact. ESG factors include things like carbon emissions, water usage, employee diversity, and corporate governance.
ESG is becoming increasingly important for Indian companies for a number of reasons. First, investors are increasingly looking for companies that are committed to sustainability and social responsibility. Second, the Indian government is putting a lot of emphasis on ESG, and companies that are not compliant with ESG regulations may face penalties. Third, ESG can help companies attract and retain top talent.
There are a number of benefits to ESG for Indian companies. These include:
There are a number of things that Indian companies can do to get started with ESG. These include:
Conducting an ESG assessment
Setting ESG goals
Implementing ESG initiatives
Reporting on ESG performance