Corporate Disclosure for a Sustainable Tomorrow: Evaluating Reporting Practices in the Indian Context

Abstract

The research aimed to comprehensively evaluate sustainability reporting practices in Indian corporations, providing insights into strategies, challenges, and impact for fostering a more sustainable future. Utilizing bibliometric analysis with Scopus search criteria, the study identified a rising trend in sustainability reports in India, potentially driven by corporate awareness and investor demands. Notably, manufacturing companies showed a significant surge in sustainability reports. Business and Social Sciences dominated subject-wise, emphasizing a business-centric focus and the importance of social and environmental dimensions. Stakeholder analysis revealed six clusters, highlighting collaboration among entities. Descriptive statistics showcased diverse reporting metrics, with Business Responsibility Reporting (BRR) consistently scoring high. The Chi-Square test emphasized significant variations in Global Reporting Initiative (GRI), BRR, and COVID-19 Reporting, underlining the nuanced nature of sustainability reporting practices. This rise in sustainability reporting signifies increased corporate awareness, driven by either awareness or investor demands. Trends, like increased reporting by manufacturing companies, offer insights for tailoring sustainability strategies. Research implications stress interdisciplinary collaboration, while stakeholder mapping guides effective collaborations and leverages strong relationships. Key themes, including environmental performance and social factors, provide strategic guidance for aligning sustainability strategies with prevalent themes, addressing critical issues for businesses and society.