Responsible Business Rankings – India’s Top Companies for Sustainability and CSR
Remarkable changes have occurred in the recent past. The Companies Act, 2013 brought about the requirement of mandatory CSR spending in specified areas. The Paris accord of 2016 required countries to develop sustainable business practices and reduce the impact of their emissions to diminish the impact of climate change, waste and water management.
Further, in 2017, the United Nations set out an ambitious programme called sustainable development goals (SDGs), covering 17 goals and 169 interlinked targets. Attainment of SDGs requires significant effort from both the governments as well as the private sector. The SDGs have the potential to provide a framework for mobilizing companies to invest in sustainable development in an ongoing and scalable way, while also pursuing their own business interests. The U.N. Sustainable Development Goals forecast to generate market opportunities of over $12 trillion a year by 2030. Some believe it’s a conservative estimate.