インドにおけるESG開示の法的枠組み：BRSRと企業説明責任への影響に関する批判的考察

Unofficial AI-generated summary based on the public title and abstract. Not an official translation.

🔬研究者:新興国における法定ESG開示制度の実効性と執行課題を比較制度分析の枠組みで捉えられる。

🏢実務担当者:インド拠点・取引先を持つ企業はBRSR対応の実務要件とグリーンウォッシングリスクを把握できる。

🏛政策担当者:法定開示制度の執行設計とデータ信頼性担保のあり方について、SSBJ等の制度設計に参照可能。

<div> The growing prominence of Environmental, Social, and Governance (ESG) considerations has fundamentally transformed corporate governance frameworks across jurisdictions. Investors, regulators, and other stakeholders increasingly demand transparency regarding the environmental and social impacts of corporate activities, as well as the governance mechanisms employed to address sustainability-related risks and opportunities. Consequently, ESG disclosures have emerged as an essential component of corporate accountability, enabling stakeholders to assess a company's commitment to sustainable and responsible business practices.  </div> <div> <br> </div> <div>       In India, the Securities and Exchange Board of India (SEBI) has sought to institutionalize ESG reporting through the introduction of the Business Responsibility and Sustainability Reporting (BRSR) framework. Implemented as a replacement for the earlier Business Responsibility Report (BRR), BRSR represents a significant regulatory shift toward comprehensive sustainability reporting aligned with international ESG standards and the National Guidelines on Responsible Business Conduct (NGRBC). 3 The framework seeks to enhance transparency, improve comparability of ESG disclosures, and strengthen stakeholder confidence in corporate governance practices.  </div> <div> <br> </div> <div>       This paper critically examines the legal framework governing ESG disclosures in India, with particular emphasis on the BRSR regime. It analyzes the evolution of sustainability reporting, evaluates the effectiveness of BRSR in enhancing corporate accountability, and identifies challenges relating to enforcement, greenwashing, data reliability, and regulatory compliance. The study further assesses whether the current framework adequately balances the objectives of transparency, investor protection, and sustainable corporate conduct. The paper concludes by proposing regulatory reforms aimed at strengthening accountability, improving disclosure quality, and aligning India's ESG framework with emerging international standards. </div>

• openaire https://doi.org/10.2139/ssrn.7270738first seen 2026-11-05 04:42:24