The Limits of ESG Integration in Indian Corporate Governance: A Legal and Policy Analysis
インド企業統治におけるESG統合の限界：法的・政策的分析 (AI 翻訳)
Adv.Sumayya ali
🤖 gxceed AI 要約
日本語
本論文はインドのESG枠組みが自発的・開示志向で、拘束力ある義務・執行・監督が欠如していると批判する。EUのCSRD、英国のTCFD準拠制度、米国のSEC気候開示案との比較分析を通じてグリーンウォッシングの温床となっている現状を明らかにし、統一的な拘束力あるESG法の制定、独立監査・検証基準の確立、取締役会の受託者責任とステークホルダー権利の強化からなる改革案を提案する。
English
This article argues that India's ESG framework is structurally deficient, being predominantly voluntary and disclosure-oriented, lacking binding performance obligations and enforcement. Through comparative analysis with the EU's CSRD, UK's TCFD-aligned regime, and SEC climate disclosure proposals, it highlights the regulatory gap that enables greenwashing. The authors propose a tripartite reform: a unified binding ESG statute, independent audit and verification standards, and strengthened board duties and stakeholder rights.
Unofficial AI-generated summary based on the public title and abstract. Not an official translation.
📝 gxceed 編集解説 — Why this matters
日本のGX文脈において
日本ではSSBJや有報でのESG開示が進む中、本論文は規制の実効性と執行の重要性を再認識させる。インドの事例から、開示だけでは不十分で拘束力と監査が必要であることを示唆しており、日本の開示制度設計にも示唆を与える。
In the global GX context
This paper contributes to the global debate on mandatory vs voluntary ESG disclosure. By critically examining India's evolving regime and comparing it with leading jurisdictions, it underscores the necessity of binding standards and independent verification to combat greenwashing—a key concern for global ESG integration.
👥 読者別の含意
🔬研究者:Provides a comparative regulatory analysis of India's ESG framework, useful for scholars studying disclosure regimes and enforcement.
🏢実務担当者:Raises awareness of regulatory trends and potential risks of superficial compliance in India, relevant for firms operating there.
🏛政策担当者:Offers concrete reform proposals (unified statute, audit standards, board duties) that could inform regulatory design in emerging economies.
📄 Abstract（原文）
Environmental, Social, and Governance (ESG) principles have become central to global corporate governance discourse. In India, a series of legislative and regulatory interventionsmost notably the mandatory Corporate Social Responsibility regime under the Companies Act, 2013 and the Securities and Exchange Board of India's Business Responsibility and Sustainability Reporting (BRSR) frameworksignal a growing institutional commitment to sustainable corporate conduct. Yet this article argues that India's ESG architecture remains structurally deficient. The framework is predominantly voluntary and disclosure-oriented, lacking binding performance obligations, robust enforcement mechanisms, and unified regulatory oversight. The proliferation of overlapping mandates across SEBI, the Ministry of Corporate Affairs, the Reserve Bank of India, and environmental regulators has produced fragmentation rather than coherence. These deficiencies create fertile ground for greenwashing and superficial compliance. Comparative analysis of the European Union's Corporate Sustainability Reporting Directive (CSRD), the United Kingdom's TCFD-aligned regime, and the United States Securities and Exchange Commission's climate disclosure proposals reveals the extent of India's regulatory gap. This article proposes a tripartite reform agenda: enacting a unified, binding ESG statute; establishing independent audit and verification standards; and strengthening board-level fiduciary duties and stakeholder rights. Only through such structural reform can India's ESG framework move from aspiration to enforcement.
🔗 Provenance — このレコードを発見したソース
- openaire https://doi.org/10.2139/ssrn.6656398first seen 2026-06-11 05:11:53
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