Sustainability reporting in India: a critical assessment of business responsibility reports of the top 100 companies

Mahajan, Ritika

Artykuł - szczegóły

Tytuł artykułu

Sustainability reporting in India: a critical assessment of business responsibility reports of the top 100 companies

Autorzy

Mahajan Ritika

Wybrane pełne teksty z tego czasopisma

http://annals-csis.org

Identyfikatory

Warianty tytułu

Konferencja

Proceedings of the 2022 International Conference on Research in Management & Technovation

Języki publikacji

Abstrakty

This paper aims to investigate environmental, social and governance reporting compliance by the top 100 companies in India. It presents and discusses companies' compliance, the nature of disclosures, and the issues and challenges in reporting. For this purpose, content analysis of the business responsibility reports of these companies published between 2016 and 2019 and an expert survey were conducted. The paper provides insights into sustainability reporting compliance amid the ongoing efforts to develop reporting regulations in India suited to the country's context and, simultaneously, at par with global standards.

Słowa kluczowe

sustainability business responsibility India ESG nonfinancial reporting

Wydawca

Polskie Towarzystwo Informatyczne

Czasopismo

Annals of Computer Science and Information Systems

Rocznik

2022

Tom

Vol. 34

Strony

27--376

Opis fizyczny

Bibliogr. 50 poz., tab

Twórcy

autor

Mahajan Ritika

ritika.dms@mnit.ac.in

Malaviya National Institute of Technology (MNIT), Jaipur, India

Bibliografia

1. SEBI (2021), “Business responsibility and sustainability reporting by listed entities” available at: https://www.sebi.gov.in/legal/circulars/may-2021/business-responsibility-and-sustainability-reporting-by-listed-entities_50096.html(accessed25August2022).
2. SEBI (2012), “Business responsibility reports” available at: https://www.sebi.gov.in/legal/circulars/aug-2012/business-responsibility-reports_23245.html(accessed26August2022).
3. SEBI (2015), “Format for business responsibility report” available at: https://www.sebi.gov.in/legal/circulars/nov-2015/format-for-business-responsibility-report-brr-_30954.html (accessed 25 August 2022).
4. MCA (2009), 2009), “CSR Voluntary Guidelines”, available at:https://www.mca.gov.in/Ministry/latestnews/CSR_Voluntary_Guidelines_24dec2009.pdf (accessed 28 August 2022).
5. MCA (2011), “Annual reports, Ministry of corporate affairs” available at:https://www.mca.gov.in/Ministry/latestnews/National_Voluntary_Guidelines _2011_12jul2011.pdf (accessed 30 August 2022).
6. MCA (2018), “National guidelines on responsible business conduct” available at: https://www.mca.gov.in/Ministry/pdf/NationalGuildeline_15032019.pdf(accessed26August2022)
7. SEBI (2022), available at: https://www.sebi.gov.in/sebi_data/commondocs/may- 2021/Business%20responsibility%20and%20sustainability%20reporting%20 by%20listed%20entitiesAnnexure2_p.PDF (accessed 25 August 2022)
8. RBI (2011), “RBI BULLETIN”, available at: https://www.rbi.org.in/scripts/bs_viewbulletin.aspx?id=12339 (accessed 27 August 2022)
9. TerraGreen (2021), available at: https://terragreen.teriin.org/index.php?option=com_terragreen&task=detail&s ection_id=4525&category_id=20&issueid=175 (accessed 27 August 2022)
10. I. Ioannou, G. Serafeim, “The consequence of mandatory corporate sustainability reporting,” Harvard Business School Working Paper, pp. 11- 100, 2017.
11. M, Rajan, R. Kumar, “Outlast: How ESG can benefit your Business?” , Harper Business, 2021.
12. K.K. Dalal and N. Thaker, “ESG and corporate financial performance: A panel study of Indian companies,” IUP Journal of Corporate Governance, Vol. 18, no. 1, pp. 44-59, 2019.
13. D. Rana, “Business responsibility reporting: A study of Indian companies,” Journal Of Commerce And Business Studies, 2013.
14. KPMG (2017), ‘Survey” available at: https://assets.kpmg/content/dam/kpmg/in/pdf/2017/07/Business- Responsibility-Reporting.pdf (accessed 25 August 2022).
15. R. Adler, M. Mansi, and R. Pandey, “Accounting for waste management: a study of the reporting practices of the top listed Indian companies,” Accounting & Finance, Vol. 62, no. 2, pp. 2401-2437, 2022.
16. A. Singh and M. Chakraborty, “Does CSR disclosure influence financial performance of firms? Evidence from an emerging economy,” Sustainability Accounting, Management and Policy Journal, Vol. 12, no. 4, pp. 788-810, 2021.
17. K. Mathiyazhagan, V. Mani, D. Mathivathanan, and S. Rajak, “Evaluation of antecedents to social sustainability practices in multi-tier Indian automotive manufacturing firms,” International Journal of Production Research, pp. 1-22, 2021.
18. R. Kumar, N. Pande, and S. Afreen, “Developing a GRI-G4-based persuasive communication framework for sustainability reporting (SR): Examining top 10 Indian banks,” International Journal of Emerging Markets, 2018.
19. R. Raut, N. Cheikhrouhou, and M. Kharat, “Sustainability in the banking industry: A strategic multi‐criterion analysis,” Business Strategy and the Environment, Vol. 26, no. 4, pp. 550-568, 2017
20. R. N. Yadava and B. Sinha, “Scoring Sustainability Reports Using GRI 2011 Guidelines for Assessing Environmental, Economic, and Social Dimensions of Leading Public and Private Indian Companies,” Journal of Business Ethics, Vol. 138, no. 3, pp. 549-558, 2016. available at: https://philpapers.org/rec/YADSSR
21. P. S. Mishra, A. Kumar, and N. Das, “Corporate Sustainability Practices in Polluting Industries: Evidence from India, China and USA,” Problemy Ekorozwoju, Vol. 15, no. 1, 2020
22. A. Jumde, "The law on CSR in India: An analysis of its compliance by companies through corporate disclosures," Journal of Corporate Law Studies, Vol. 21, no. 1, pp. 253-282, 2021.
23. A. Debnath, J. Roy, K. Chatterjee, and S. Kar, "Measuring corporate social responsibility based on fuzzy analytic networking process-based balance scorecard model," International journal of information technology & decision making, Vol. 17, no. 4, pp. 1203-1235, 2018.
24. S. K. Pratihari and S. H. Uzma, "Corporate social identity: an analysis of the Indian banking sector," International Journal of Bank Marketing, 2018.
25. A. Singh and M. Chakraborty, "Does CSR disclosure influence financial performance of firms? Evidence from an emerging economy," Sustainability Accounting, Management and Policy Journal, 2021.
26. J. Cherian, M. Umar, P. A. Thu, T. Nguyen-Trang, M. S. Sial, and N. V. Khuong, "Does corporate social responsibility affect the financial performance of the manufacturing sector? Evidence from an emerging economy," Sustainability, Vol, 11, no. 4, 2019.
27. M. B. Muttakin and N. Subramaniam, "Firm ownership and board characteristics: do they matter for corporate social responsibility disclosure of Indian companies?," Sustainability Accounting, Management and Policy Journal, 2015.
28. N. Jadiyappa, B. Parikh, N. Saikia, A. Usman, "Social responsibility or smoke screening: evidence from India," Sustainability Accounting, Management and Policy Journal, Vol. 12, no. 4, pp. 767-787, 2021.
29. S. Bansal, M. Khanna, and J. Sydlowski, “Incentives for corporate social responsibility in India: Mandate, peer pressure and crowding-out effects," Journal of Environmental Economics and Management, Vol. 105, 2021.
30. A. M. Shayuti, D. Hay, and C. J. Van Staden, "The influence of culture and corporate governance on corporate social responsibility disclosure: A cross country analysis," Journal of Cleaner Production, Vol. 198, pp. 820- 832, 2018.
31. M. Mittal, M. Pareek, S. Sharma, and J. Chohan, “A Sustainable environmental change and ESG initiatives by the manufacturing and others service Industries during COVID19 Pandemic,” IOP Conference Series Earth and Environmental Science, 2021.
32. Y. Chauhan and S. B. Kumar, "The value relevance of nonfinancial disclosure: Evidence from foreign equity investment," Journal of Multinational Financial Management, Vol. 52, 2019.
33. D. Sharma, S. Bhattacharya, and S. Thukral, “Resource-based view on corporate sustainable financial reporting and firm performance: evidences from emerging Indian economy,” International Journal of Business Governance and Ethics, Vol. 13, no. 4, pp. 323-344, 2019.
34. S. Bhattacharya and D. Sharma, “Do environment, social and governance performance impact credit ratings: a study from India,” 2019.
35. A. Kumar and N. Das, "A Text-Mining Approach to the Evaluation of Sustainability Reporting Practices: Evidence from a Cross-Country Study," Problemy Ekorozwoju, Vol. 16, no. 1, 2021.
36. S. M. Bae, M. A. K. Masud, and J. D. Kim, "A cross-country investigation of corporate governance and corporate sustainability disclosure: A signaling theory perspective," Sustainability, Vol. 10, no. 8, 2018.
37. M. A. Islam, A. Jain, and D. Thomson, "Does the global reporting initiative influence sustainability disclosures in Asia-Pacific banks?," Australasian Journal of Environmental Management, Vol. 23, no. 3, pp. 298-313, 2016.
38. M. D. M. Miras-Rodriguez, D. Martinez-Martinez, and B. Escobar- Perez, “Which corporate governance mechanisms drive CSR disclosure practices in emerging countries?," Sustainability, Vol. 11, no. 1, 2018.
39. S. Narula, H. Puppala, A. Kumar, G. F. Frederico, M. Dwivedy, S. Prakash, and V. Talwar, "Applicability of industry 4.0 technologies in the adoption of global reporting initiative standards for achieving sustainability," Journal of Cleaner Production, Vol. 305, 2021.
40. M. Matteo, M. Longo, P. Micheli, and D. Bolzani, "The evolution of sustainability measurement research," International Journal of Management Reviews, Vol. 20, no. 3, pp. 661-695, 2018.
41. M. Fifka, "The development and state of research on social and environmental reporting in global comparison," Journal für Betriebswirtschaft, Vol. 62, no. 1, pp. 45-84, 2012.
42. M. Oguz and C. Searcy, "A review of sustainable supply chain management practices in Canada," Journal of Business Ethics, Vol. 117, no. 3 pp. 635-658, 2013.
43. B. J. Mariadoss, P. S. Tansuhaj, and N. Mouri, "Marketing capabilities and innovation-based strategies for environmental sustainability: An exploratory investigation of B2B firms," Industrial Marketing Management, Vol 40, no. 8, pp. 1305-1318, 2011.
44. M. Cubilla-Montilla, A. Neito-Librero, M. P. Galindo-Villardon, M. P. V. Galindo, and I. Gercia-Sanchez, "Are cultural values sufficient to improve stakeholder engagement human and labour rights issues?," Corporate Social Responsibility and Environmental Management, Vol. 26, no. 4, pp. 938-955, 2019.
45. J. Gerwanski, O. Kordsachia, and P. Velte, "Determinants of materiality disclosure quality in integrated reporting: Empirical evidence from an international setting," Business Strategy and the Environment, Vol. 28, no. 5, pp. 750-770, 2019.
46. F. Farooq, W. Ahmed, A. Akbar, F. Aslam, and R. Alyousef, "Predictive modeling for sustainable high-performance concrete from industrial wastes: A comparison and optimisation of models using ensemble learners," Journal of Cleaner Production, Vol. 292, 2021.
47. R. D. Klassen and C. P. McLaughlin, "The impact of environmental management on firm performance," Management Science, Vol. 42, no. 8, pp. 1199-1214, 1996.
48. P. M. Clarkson, Y. Li, G. D. Richardson, F. P. Vasvari, "Revisiting the relation between environmental performance and environmental disclosure: An empirical analysis," Accounting, organisations and society, Vol. 33, no. 4, pp. 303-327, 2008.
49. O. Akisik and G. Gal, “The impact of corporate social responsibility and internal controls on stakeholders’ view of the firm and financial performance," Sustainability Accounting, Management and Policy Journal, 2017.
50. M. J. Milne and R. Gray, "W(h)ither ecology? The triple bottom line, the global reporting initiative, and corporate sustainability reporting," Journal of business ethics, Vol. 118, no. 1, pp. 13-29, 2013.

Uwagi

Opracowanie rekordu ze środków MNiSW, umowa nr SONP/SP/546092/2022 w ramach programu "Społeczna odpowiedzialność nauki" - moduł: Popularyzacja nauki i promocja sportu (2024).

Typ dokumentu

Bibliografia

Identyfikator YADDA

bwmeta1.element.baztech-6e45afbc-fcf4-4459-aef5-649813d7eee6