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Climate Change: From Biosphere to Board Rooms
The Morning Brief
Exploring Business Reporting and Sustainability Initiatives in India and Globally
Business Reporting and Sustainability Reporting (BRSR) is a significant initiative in India where the top thousand out of 5,200 listed companies are mandated to report their sustainability efforts against a scorecard to the board and stock exchange. This move is fostering the need for more sustainability professionals and holding companies accountable for the impact of their actions on sustainability. Companies worldwide are increasingly being pressured by regulations and public scrutiny to prioritize sustainability efforts. While Europe recognizes and rewards sustainability with a premium, in regions like India, companies have yet to see financial benefits for going green. The apparel industry, particularly companies like Uniqlo and Zara, are leading sustainable practices with initiatives like clothing recycling programs to incentivize consumers and promote sustainability.
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