Proceedings of the NDIEAS-2024 International Symposium on New Dimensions and Ideas in Environmental Anthropology-2024 (NDIEAS 2024)

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The Regulatory Challenges of Environment Social Governance in India

Authors
Ipsita Das1, *, Saptarshi Das2, Shrabani Kar3
1Assistant Professor II, School of Law, KIIT University, Bhubaneswar, India
2Assistant Professor I, School of Law, KIIT University, Bhubaneswar, India
3Assistant Professor I, School of Law, KIIT University, Bhubaneswar, India
*Corresponding author. Email: ipsitadas@kls.ac.in
Corresponding Author
Ipsita Das
Available Online 13 June 2024.
DOI
10.2991/978-2-38476-255-2_40How to use a DOI?
Keywords
ESG; SEBI; Investors; Investment; Implementation; Legal; Regulator
Abstract

Environment Social Governance (ESG) is an intangible key assessing parameter in evaluating the performance of companies by socially aware investors and screening their investments across different sectors. India, being a developing country, heavily relies on foreign investment and competes in global markets for products and services. ESG investing, also known as sustainable investing, is therefore extremely important for India. However, despite being a market-driven phenomenon, there are several legal and regulatory hurdles hindering the smooth implementation of ESG in India. Although regulatory bodies such as the SEBI and the Ministry of Corporate Affairs have introduced guidelines, the lack of a unified disclosure mechanism leads to ambiguity in ESG disclosures. Additionally, the absence of suitable enforcement mechanisms weakens the efficacy of the existing regulations. This paper aims to critically examine the regulatory framework around ESG, analyzing the Company Law, and the SEBI regulations and seeks to offer insights into the challenges and opportunities that are associated with its implementation as well as offering some solutions for the effective implementation of ESG in India.

Copyright
© 2024 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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Volume Title
Proceedings of the NDIEAS-2024 International Symposium on New Dimensions and Ideas in Environmental Anthropology-2024 (NDIEAS 2024)
Series
Advances in Social Science, Education and Humanities Research
Publication Date
13 June 2024
ISBN
10.2991/978-2-38476-255-2_40
ISSN
2352-5398
DOI
10.2991/978-2-38476-255-2_40How to use a DOI?
Copyright
© 2024 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

Cite this article

risenwbib
TY  - CONF
AU  - Ipsita Das
AU  - Saptarshi Das
AU  - Shrabani Kar
PY  - 2024
DA  - 2024/06/13
TI  - The Regulatory Challenges of Environment Social Governance in India
BT  - Proceedings of the NDIEAS-2024 International Symposium on New Dimensions and Ideas in Environmental Anthropology-2024 (NDIEAS 2024)
PB  - Atlantis Press
SP  - 485
EP  - 495
SN  - 2352-5398
UR  - https://doi.org/10.2991/978-2-38476-255-2_40
DO  - 10.2991/978-2-38476-255-2_40
ID  - Das2024
ER  -