Critically study on Business Responsibility and Sustainable Reporting

                Sustainability is a concept related to the development of products, goods and services that involves meeting our present needs without compromising the ability of future generations to fulfil their own needs. Sustainability as a concept recognises that the environment is an exhaustible resource.  Therefore, it is important to use the environment and its resources rationally and protect it for the good of the Earth, our environment, humanity, and all living things. It encompasses how natural systems work, continue to be diverse, and yield everything required for the environment to remain in balance now and in the future.

ESG Reporting Requirements

        Environment, Social and Governance about (ESG) reporting is all about disclosure of information, data, metrics that explain the added value in these three areas. ESG reporting can be both quantitative and qualitative in nature. Qualitative reports tend to describe a company’s strategy or policy around the relevant topics, while a quantitative approach includes entries, and key performance indicator (KPIs) linked to each area in order to measure progress against goals and report on achievements.  It is beneficial to have a mixed approach that makes use of both qualitative and quantitative information tends to add the maximum value to the quality of disclosures.  Certain listed companies have to disclose their sustainability performance in accordance with key performance indicators and 9 principles.  These principles range from conducting business in ethical manner to promoting human right.  As part of ESG reporting, it is mandatory for certain listed companies to prepare and disclose sustainability reports in shape of Business responsibility and sustainability reports.