ESG Regulatory Frameworks And Compliance: A Comparative Analysis Of Indian And Global Perspectives
- IJLLR Journal
- May 10
- 1 min read
Kritika Krishna Srivastava, Christ University
Asst. Professor Stuti Sowmya, Christ University
“Sustainability is no longer about doing less harm. It's about doing more good.”
— Jochen Zeitz, CEO of Harley-Davidson, former CEO of Puma
ABSTRACT
Environmental, Social, and Governance (ESG) factors have become essential in corporate governance and investment strategies, reflecting the growing global emphasis on sustainability and ethical practices. Regulatory frameworks for ESG compliance are evolving rapidly, creating new opportunities and challenges for businesses and investors. This paper, titled "ESG Regulatory Frameworks and Compliance: A Comparative Analysis of Indian and Global Perspectives," examines the development, implementation, and impact of ESG regulations, comparing Indian and global approaches.
Globally, frameworks such as the EU Taxonomy, Sustainable Finance Disclosure Regulation (SFDR), Global Reporting Initiative (GRI), and Task Force on Climate-Related Financial Disclosures (TCFD) have set rigorous standards for sustainability and transparency. These regulations aim to enhance accountability, reduce greenwashing, and align corporate activities with environmental and social goals. In contrast, India’s regulatory advancements, including SEBI’s Business Responsibility and Sustainability Reporting (BRSR) and the CSR provisions of the Companies Act, 20134, focus on fostering accountability while addressing local socio-economic challenges such as community welfare and inclusive growth.
