Analysis of Historical Trend and Determinants of Esg Index Performance in India

Singh, Amit Kumar; Maurya, Sheetal

doi:10.58426/cgi.v3.i2.2021.12-27

Cited by 4 publications

(1 citation statement)

References 2 publications

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“…The sheer size and the rapid growth the country is undergoing stand as a challenge to sustainability. SEBI's new proposed disclosure norm, the Business Responsibility and Sustainability Report (BRSR) is an effort in direction of making the quantifiable data available related to the environment, social, and governance disclosures(Singh & Maurya, 2021) It has gained attention of companies with the introduction of mandatory CSR norms under the Companies Act, 2013 and disclosure reforms in the year 2015 (Kumar, Kumari, & Kumar, The state of corporate sustainability reporting in India: Evidence from environmentally sensitive industries, 2021)…”

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confidence: 99%

Sustainable Reporting for a Resilient, Responsible and Reliable Future: Case of Infosys

Koshy,

K A

et al. 2023

jra

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The most severe risks on a global scale over the next 10 years include climate action failure, extreme weather, biodiversity loss, human environmental damage, natural resource crises (Environmental) and social cohesion erosion, livelihood crises, infectious diseases (Societal) (The Global Risks Report -17th addition, 2022). Businesses today as well as the society as a whole cannot overlook these risks as they have an impact on sustainability. Sustainability reporting has become popular, particularly in the last decade, emerging as a result of the evolution of environmental and corporate social responsibility reports (Kuzey & Uyar, 2017) when global sustainability standard setters such as Global Reporting Initiative (GRI), Sustainability Accounting Standards Board (SASB), International Integrated Reporting Council (IIRC or ), Climate Development Project (CDP), etc. developed structured frameworks, topics and metrics to help companies report material sustainability information to their stakeholders (Partners, 2022).This paper aims to study ESG initiatives and effectiveness resulting responsible actions by all social factors through an assessment based on national ranking system for ESG disclosures and sustainability in Indian context. Infosys has been chosen to study as it has been aligning its initiatives with regulations on ESG and such investments made by the company attracts socially conscious investors and create value within their portfolio. On comparing Infosys performance with top ten companies highlights that Infosys has to go a long way in terms of social performance. ESG structures will serve Infosys as a potential benchmark to the Indian corporate sector and emerging world towards spreading awareness and achievement of sustainable development goals.

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confidence: 99%

Sustainable Reporting for a Resilient, Responsible and Reliable Future: Case of Infosys

Koshy,

K A

et al. 2023

jra

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Is ESG the Key to Stimulate Financial Performance? An Empirical Investigation

Cherian,

Seranmadevi

2024

Studies in Systems, Decision and Control

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ESG performance and corporate volatility: an empirical exploration in an emerging economy

Sharma,

Aggarwal,

Reepu

et al. 2024

IJSE

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PurposeThis study aims to investigate into the dynamic connection between ESG scores and the volatility term structure for Indian companies listed BSE. The study divides the BSE-100 listed companies into two panels based on their median ESG scores in 2022, creating high and low ESG scoring groups to capture volatility structure.Design/methodology/approachThe study employs time-varying symmetric and asymmetric GARCH models and followed by continuous Wavelet to capture volatility structure and explore comparative resilience behavior.FindingsThe study found similar volatility patterns regardless of ESG scores, nudging doubt on the direct impact of ESG on volatility. Additionally, both high- and low-ESG-scored companies displayed high vulnerabilities during the pandemic, raising questions about the effectiveness of ESG frameworks in capturing risks. Finally, by examining the resilience behavior of ESG-scored companies during the pandemic, our study contributes to the evolving understanding of the intersection between ESG performance and crisis response.Practical implicationsThe study carries vital implications for investors and policymakers. It highlights the urgent need to strengthen the ESG framework and scores to shield investors from short- and long-term volatilities and economic vulnerabilities.Originality/valueTo the best of the authors’ knowledge, this is the first study investigating the Indian market by examining the volatility structure and resilience behavior of high- and low-ESG-scored companies during the pandemic.Peer reviewThe peer review history for this article is available at: https://publons.com/publon/10.1108/IJSE-02-2024-0113

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Analysis of Historical Trend and Determinants of Esg Index Performance in India

Cited by 4 publications

References 2 publications

Sustainable Reporting for a Resilient, Responsible and Reliable Future: Case of Infosys

Sustainable Reporting for a Resilient, Responsible and Reliable Future: Case of Infosys

Is ESG the Key to Stimulate Financial Performance? An Empirical Investigation

ESG performance and corporate volatility: an empirical exploration in an emerging economy

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