Responsible Business Rankings
India’s Top Companies for
Sustainability and CSR 2021
Highlights
Godrej Consumer Products tops the ranking list for the first time.
Two Tata companies (Tata Chemicals and Tata Power) appear in the top 10 rankings.
Manufacturing companies perform far better than service companies.
Information Technology is the top performing industry, while Other financial is a laggard.
The top ten ranks cover a range of industries – information technology, FMCG, Chemicals, life sciences, textiles, power, steel and mining.
Integrated reporting is ramping up. 27% of the companies produce integrated reports.
All the top 10 companies mapped their business goals with SDGs
ESG Performance Over Years
Future Trends
The economic recovery will have sustainability at its core.
Green and resilient supply chains are the emerging focus and not merely the lowest cost.
The developments in Europe – the clamour for green recovery and the release of taxonomy for ESG – are likely to have significant transmission effects for Indian companies with global ambitions.
ESG investing will continue its rising trend and will put pressure on companies that engage in unsustainable practices.
Sustainability reporting will increase with the launch of BRSR. Quality of Reporting will see significant changes as investors increase pressure on disclosures.
Companies are gradually incorporating SDGs into their responsible business actions. Of the top 100 companies studied, 80% of the companies have mapped their responsible business actions to SDGs.
Key action themes for companies include renewable energy, water, waste and data privacy.
Energy
Renewable energy utilization has geared up pushed by the move towards net zero. Solar energy continues to be the preferred renewable energy source for companies. Many policy related changes are happening in the renewable energy space – around e-mobility and bio fuel.
Water
Use of water in operations and its access in society is a focus for companies. Water related programs for supply chain are still at a nascent stage.
Waste
Initiatives to manage e-waste, municipal waste and plastic reuse & recycling continue to trend upwards.
Data
Customer data and its privacy has become a material aspect in the operations of services companies; new laws are getting formulated.