TCS, GRI collaborates to highlight the power of sustainability reporting in India
The report carried out jointly by GRI Focal Point India and TCS provides insights into the development of sustainability reporting in India.
It has also looked at understanding of how Indian businesses are linking sustainability to strategy, operations, overall performance, stakeholder engagement and establishing credibility in the market. The report also presents observations based on a series of one-on-one meetings along with the survey of the companies.
The study has helped to identify a number of trends in the Indian reporting landscape.
Though the Indian companies are adopting the practice of sustainability reporting, there is a strong emphasis on community development programs, while the environmental and governance initiatives taking a back seat.
The study also indicates an increasing level of maturity across reports, with leading companies being spurred on by peers to cultivate a culture of transparency, while deepening ties with stakeholder groups.
“At GRI, we see sustainability reporting as a strategic tool: a process that presents significant opportunities for Indian businesses to grow in a manner that also benefits their stakeholders,” said Aditi Haldar, Director of GRI’s India Focal Point.
“Sustainability Reporting has been evolving as a way to communicate the value - economic, ecological and social that the company is delivering to shareholders and society. TCS has partnered with GRI to highlight the new framework and bring about the transformation,” said Girish Ramachandran, President, Asia Pacific, Tata Consultancy Services.
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