Strategic Assessment of ESG Disclosure Practices in India: A Case Study of Larsen & Toubro Using BRSR, Integrated Reporting, and Sustainable Finance Frameworks
インドにおけるESG開示実務の戦略的評価：BRSR、統合報告、サステナブルファイナンス・フレームワークを用いたLarsen & Toubroの事例研究 (AI 翻訳)
Dr. Purvy Karia, Mr. Mayank Satra
🤖 gxceed AI 要約
日本語
本論文は、Larsen & Toubro（L&T）のESG開示体制を、統合報告書、BRSR、サステナブルファイナンス・フレームワークに基づき質的に分析。SEBIのBRSR CoreとIIRCの複数資本フレームワークを参照し、ESGパフォーマンスと資本コストの連関を明らかにした。L&TはSEBIの2025年ESGフレームワーク下で初のグリーンボンド発行企業であり、新興経済企業のベンチマークとなる。
English
This paper qualitatively assesses Larsen & Toubro's ESG disclosure architecture using its Integrated Annual Reports, BRSR, and Sustainable Finance Frameworks. It finds a comprehensive system with a clear link between ESG performance and cost of capital, referencing SEBI's BRSR Core and IIRC's multi-capital framework. As India's first green bond issuer under SEBI's 2025 ESG framework, L&T sets a benchmark for emerging-market corporates.
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
インドのBRSRは、日本におけるSSBJや有価証券報告書の枠組みと比較されることが多い。本論文は、新興国でのESG開示と資本コストの連関を実証しており、日本企業がインド市場で事業展開する際の開示ベンチマークとして参考になる。
In the global GX context
This paper provides a detailed case study of ESG disclosure in an emerging economy, demonstrating the alignment with sustainable finance frameworks. It contributes to the global discourse on disclosure infrastructure, especially for contexts like India's BRSR, and shows how integrated reporting can link to cost of capital.
👥 読者別の含意
🔬研究者:Useful for comparative studies on ESG disclosure practices between emerging and developed markets.
🏢実務担当者:Corporate sustainability teams can benchmark their reporting architecture against L&T's integrated approach.
🏛政策担当者:Regulators in emerging economies can draw insights from India's BRSR implementation and green bond issuance framework.
📄 Abstract（原文）
The corporate reporting quality has evolved from a compliance-based necessity to a multiple structured of value add activity. The examination of the L&T’s disclosure architecture is based on its Integrated Annual Reports, standalone Business Responsibility and Sustainability Reports (BRSR), and Sustainable Finance Frameworks 2022–25.The study is based on a qualitative research design based on Braun and Clarke’s thematic analysis and manual line-by-line coding. The study considers the SEBI Business Responsibility and Sustainability Reporting (BRSR Core) and the International Integrated Reporting Council (IIRC) multi- capital framework as the reference to study the reporting architecture of L&T. The findings disclose a credible and a comprehensive system, where the alignment between ESG performance and the cost of capital is attributable and very much present. Being India’s first issuer of green bonds under SEBI’s 2025 ESG framework, L&T’s architecture serves as a critical benchmark for corporates belong to emerging economies.
🔗 Provenance — このレコードを発見したソース
- semanticscholar https://doi.org/10.52783/mjble.49first seen 2026-05-05 23:08:06
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