A Study on Integrating Environmental, Social & Governance (ESG) into Business Strategies in Indian Context
DOI:
https://doi.org/10.64137/31079423/IJEBMR-V2I4P101Keywords:
Environment, Social, Governance, ESG, Sustainability, Business StrategiesAbstract
Sustainability has been a significant factor for Organizations. In the current era, sustainable development in organizations runs through the fundamentals of ensuring Environmental, Social and governance goals. Environmental, Social and Governance (ESG) refers to the three core factors in gauging the sustainability aspect and ethical impact of an investment in an organisation. The approach is linked to the Corporate Governance aspect, whereby the effective monitoring of every aspect of the organization is key to its success. Organizations need to integrate the ESG factors into their business strategy formulation. The growing interest in ESG factors among industries, and in particular among respective stakeholders, signifies the study of ESG elements in organizations. The Authors while studying the integration of ESG into business strategies have adopted the exploratory & descriptive research type. The Primary and Secondary Data has been collected to demonstrate the learning. The Primary Data is in the form of Interviews of representatives of the Organizations. in total FIVE organizations have been approached. The authors aim to understand the concept & significance of Environmental, Social & Governance (ESG) for Organizations. They further aim to study the integration of ESG into Business Strategies adopted by Organizations in Indian Context. The authors extend recommendation pertaining integration of ESG into Business Strategies. The scope of the study revolves around understanding the ESG elements at Organization. The authors have concentrated on learning from selected companies & inferences reflect more of the observations & intellect of the authors. Hence the study is indicative in Nature rather exhaustive.
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