BW Businessworld Tracks India’s Most Sustainable Companies And Shines Spotlight On CAs & Auditors In Its Latest Issue
The number of sustainable businesses in India, prioritising environmental and social responsibility over profit is expanding. These businesses are committed to reducing their ecological footprint, enhancing social welfare, and fostering positive change.
The latest edition of BW Businessworld issue, dated 15th July 2023, focuses on India's Most Sustainable Companies for the fiscal year 2022-23. As the sustainability movement gets momentum, corporate India recognises the value of incorporating environmental, social, and governance (ESG) practices into their business operations and strategy.
Torchbearers of sustainability in India
BW Businessworld undertook a comprehensive study of India’s most sustainable companies, in partnership with Sustain Labs Paris to acknowledge India Inc’s outstanding efforts and commitment towards sustainable business practices. The companies who made the cut, exemplified innovation, responsible resource management, and a commitment to positive social impact.
The twenty-one most sustainable companies in India comprise Godrej Consumer Products, Tech Mahindra, HDFC Limited, Wipro, Tata Consumer Products, Cipla, Marico, Hindustan Unilever, Tata Consultancy Services, Dr. Reddy’s Laboratories, HCL Tech, Infosys, Tata Communications, Maruti Suzuki India, UltraTech Cement, Bharti Airtel, Asian Paints, Glenmark Pharmaceuticals, Tata Chemicals, Larsen & Toubro, Welspun India, Ambuja Cements, Tata Power Company, Reliance Industries Limited and Tata Steel.
Moreover, the most recent issue highlights India's top sustainable corporations by sector. Retail Trade & Service; Capital Goods; Chemicals and Agriculture; Telecommunications; Information Technology; Consumer Goods; Infrastructure Engineering; Pharmaceuticals and Healthcare; Automobile, Aviation & Log; Natural Resources and Minin; Banking and NBFCs, and Diversified arenas are among India's sustainable companies.
Indicators to the final countdown
For a detailed and in-depth study, six broad aspects were majorly taken into consideration. The aspects included resource efficiency, social entrepreneurship, financial management, employee well-being, clean revenue, and an inclusive supply chain. These aspects were taken into consideration to gauge how Indian corporates are advancing towards their sustainability goals.
The ranking methodology had been designed to evaluate, score, and benchmark 200 of India’s largest companies through a transparent, methodologically rigorous, and data-driven process. The companies were interviewed through a year-long research programme conducted by the Sustain Labs Paris team.
Transformational role of CAs & auditors
The issue also includes a special feature on the changing role of Chartered Accountants (CAs) and auditors. As the business environment becomes more dynamic, CAs have evolved into conscience keepers of the nation. The feature illustrates how their roles have transformed from mere bookkeepers to overseeing good governance and sustainable business practices.
This feature includes commentary from renowned CAs and Auditors such as S. Ravi, Promoter & Managing Partner, Ravi Rajan & Co; Aniket Talati, President, Institute of Chartered Accountants of India and Vishesh Chandiok, CEO, Grant Thornton Bharat.
With technological advancements and regulatory changes shaping the industry, CAs and Auditors are navigating new challenges and embracing evolving responsibilities. Through insightful interviews and expert analysis, this edition sheds light on the pivotal role played by these professionals in maintaining financial integrity, ensuring compliance, and driving business growth.
Furthermore, the issue also includes an interview with REC CMD Vivek Kumar Dewangan, who delves into the revised business strategy of the Maharatna PSU by increasing green projects’ financing and venturing into non-power sectors such as infrastructure and logistics.
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