Fostering Sustainability through New Paradigms in ESG Reporting

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Climate change is now being recognised as an issue of national importance. The urgent need to address this issue requires efforts from all sectors of the society. The Paris Agreement, the UN Climate Change Conference in Glasgow, and the adoption of Sustainable Development Goals are some of the concrete steps towards this direction. The government and other regulatory bodies are also making strong guidelines to strengthen sustainability reporting practices followed by the corporate world. CSR Policy, NGBRCs principles, BRR, BRSR, and SRMM are some of the key policies and guidelines issued in this direction. The 2030 Agenda for Sustainable Development, along with its 17 Sustainable Development Goals (SDGs), was universally adopted by the United Nations General Assembly as a comprehensive and transformative strategy for development. The objective of the paper is to study the new paradigms in sustainability reporting that are helping in the achievement of overall sustainable development goals. With comprehensive ESG frameworks in place, companies are now focussing on adopting more sustainable practices than ever before.