ANNOUNCEMENTS
Financial and non-financial corporate reporting are key to provide stakeholders with a comprehensive picture of a company’s performance. These reports, being a prime source of information, are crafted on the basis of several frameworks and standards. These standards, depending on the issuing authority, are either mandatory or voluntary in nature. This study provides a holistic overview of current reporting practices across the globe, touching upon the need for sector specific federal policies, covering industry specific material issues pertaining to the environmental, social and governance (ESG) boundaries. Through the study, various materiality templates have been formulated which are aimed to serve as a baseline for crafting future federal policies to normalise sector specific standards for mainstreaming non-financial reporting across the India Inc.
Key words: Corporate reporting, Non-financial reporting, Sector-specific standards, Environmental disclosures, Energy industries, Manufacturing Industries.
