ANNOUNCEMENTS
The development of ESG reporting frameworks has emerged as a positive consequence to the increasing importance given to ESG impacts of organisations and businesses. ESG frameworks help companies report their ESG impact in a systematic, standardised and reliable manner. They can be used as a set of guidelines that organisations can use to enhance their reporting. With the development of numerous ESG frameworks, there have been a number of advantages and disadvantages. The current study focuses on 3 of the most popular ESG reporting frameworks- GRI, TCFD, and CDP. By using a comparative analysis methodology, the frameworks are compared across a number of themes and sub-themes, while highlighting the similarities and differences between them. Upon understanding the global scenario of ESG frameworks, the study also explores the ESG reporting scenario in India. The existing and emerging frameworks are explored. In order to further understand the ESG reporting in India, data of 30 of the NSE-Nifty companies were collected. From this data, the adoption of different frameworks was ascertained and compared with the global ESG reporting trends. It was seen that there is a positive growth of ESG reporting in India, with most of the larger companies complying with ESG reporting in the form of sustainability reports, Business Responsibility reports, or Corporate Sustainability Reports.
Keywords: ESG, impact, reporting, frameworks, comparative analysis.
