コーポレート・ガバナンス、倫理、説明責任、ESGインパクト測定：Bharat Electronics Limited（BEL）の分析研究
Corporate Governance, Ethics, Accountability, and ESG Impact Measurement: An Analytical Study of Bharat Electronics Limited (BEL) (原題)
U. Chaudhary
🤖 gxceed AI 要約
日本語
インド防衛国営企業BELのガバナンスをOECD、GRI、TCFD、IIRCの4枠組みで評価。ISO認証の監査部門や統合報告の早期採用、CARE ESGスコア73.8等の強みがある一方、TCFD非整合、Scope3未測定、GRI準拠報告書の欠如が課題。防衛セクターのPSUガバナンス研究に理論的枠組みを提供。
English
This study evaluates governance at Bharat Electronics Limited (BEL), an Indian defense PSU, against OECD, GRI, TCFD, and IIRC frameworks. It finds strengths like ISO-certified vigilance, early integrated reporting, and a CARE ESG score of 73.8, but notes deficiencies: lack of TCFD-aligned climate disclosure, unmeasured Scope 3 emissions, and no standalone GRI report. Offers a transferable benchmarking framework for PSUs.
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開示義務化が迫る中、防衛産業を含む政府系企業のESG開示の実態と課題を示す好事例。TCFD非整合やScope3未測定は日本の企業にも共通する課題で、統合報告の早期採用は参考になる。
In the global GX context
This Indian PSU case offers a benchmarking framework relevant to global defense and state-owned enterprises facing ISSB/TCFD disclosure expectations. It highlights common gaps like Scope 3 measurement and TCFD alignment, providing transferable lessons for emerging markets and beyond.
👥 読者別の含意
🔬研究者:Provides a composite theoretical model (agency, stakeholder, stewardship) for evaluating PSU governance, applicable to comparative studies.
🏢実務担当者:Highlights concrete governance gaps (TCFD, Scope 3, GRI) that corporate sustainability teams can benchmark against.
🏛政策担当者:Offers actionable recommendations for reforming public sector governance and enhancing ESG disclosure standards.
📄 Abstract（原文）
Background: Governance quality in India’s state-owned enterprises has attracted intensified scrutiny from policymakers, investors and academics as sustainability expectations from global capital markets have risen sharply. Within this landscape, Bharat Electronics Limited (BEL)—a Navratna public sector undertaking under the Ministry of Defence—occupies a governance context that is simultaneously strategically constrained and institutionally significant. This study bridges a notable gap between defence sector scholarship and mainstream corporate governance enquiry.Objective: This study undertakes a critical, multi-framework evaluation of BEL’s governance architecture across four thematic pillars: board oversight and structure, ethical values and vigilance systems, accountability and disclosure practices, and Environmental, Social, and Governance (ESG) impact measurement.Methodology: An exploratory-analytical research approach is adopted, drawing on a longitudinal document analysis of BEL’s official disclosures from FY 2020–21 to FY 2024–25. Governance quality is benchmarked against four international frameworks: OECD Corporate Governance Principles (2023), GRI Standards (2021), TCFD Recommendations, and the IIRC Integrated Reporting Framework, enabling systematic identification of alignment and divergence.Findings: BEL exhibits governance practices that exceed minimum CPSE regulatory thresholds in several areas, including its ISO 9001:2015-certified vigilance department, early adoption of Integrated Reporting, and a CARE Ratings ESG score of 73.8 out of 100 are particularly noteworthy. However, the absence of TCFD-aligned climate risk disclosure, unmeasured Scope 3 emissions, and lack of a standalone GRI-referenced sustainability report constitute material governance deficiencies.Implications: This study advances the corporate governance literature by applying a composite theoretical model—integrating agency, stakeholder, and stewardship theories —to PSU governance evaluation in the defence sector. The findings offer a transferable benchmarking framework for peer Navratna enterprises and generate actionable recommendations for policymakers overseeing the reform of Indian public sector governance. Future research should extend this framework through multi-entity comparative studies across Navratna enterprises, incorporate primary data via board-level interviews, and develop quantitative governance indices to enable longitudinal, sector-wide performance tracking.
🔗 Provenance — このレコードを発見したソース
- semanticscholar https://doi.org/10.34293/management.v13i4.10320first seen 2026-08-27 05:20:20 · last seen 2026-09-22 04:52:01
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