On ESG Day, businesses highlight their role in driving environmental responsibility, social equity, and strong governance to support India’s sustainable development goals

Sitting in a multistorey building in Delhi and breathing air of more than 300 AQI, one thing which squeezes a family of four with one of them being a senior citizen is: who is responsible for the capital’s air quality. Is it Diwali? Months have passed. is it stubble burning? Wheat has been shown. Then what? Transportation? Delhi was in graded response action plan (GRAP)- 4. Does not seem any single factor. Isn’t it? Then who will pursue accountability? The answer is every stakeholder involved in mitigation, such as companies. This issue with multi-facet includes people or society and governance mechanisms too, giving a space for the concept of ESG. Environmental, social and governance or ESG, is a new normal for companies with accountability towards the future and mankind.

Today, on 30 November, the world is celebrating ESG Day to recognise the importance of every element of ESG in a company’s development and sustainable future. Highlighting the importance of ESG and relating it with business Smitha Shetty, Regional Director, APAC, Achilles Information, said, ” ESG has transcended mere compliance to become a core business imperative. It’s no longer just about mitigating risk, but about driving innovation, building resilience, and unlocking new value by aligning an organization’s operations with the needs of both people and planet.”

Companies with robust ESG strategies are attracting conscious consumers and investors while future-proofing their operations in a rapidly changing world. In today’s interconnected landscape, strong ESG performance is a defining attribute for long-term success and a key differentiator in a competitive market.

Purvi Sanghvi, Director, ESG Head, Axis Solutions, said, “In the modern business world, ESG has transcended from being a supplementary practice to a defining measure of success. Organizations that embrace ESG principles not only contribute positively to society but also drive financial performance. By embedding environmental sustainability, social equity, and robust governance into their core operations, businesses are gaining a competitive edge, enhancing operational efficiency, and building stronger relationships with stakeholders.”

In an era where consumers and investors demand accountability, ESG is the key to thriving in an increasingly conscientious global marketplace. International ESG Day highlights the critical role of Environmental, Social, and Governance (ESG) factors in shaping sustainable business practices and fostering responsible investing. In a world increasingly defined by uncertainties, ranging from energy challenges and environmental concerns to the impacts of climate change and social inequality, embracing a robust ESG framework is essential.

Dipankar Ghosh, Partner & Leader, Sustainability & ESG, BDO India, stated, “By prioritising responsible corporate behaviour and governance that focuses on the well-being of both the planet and its people, businesses are driving long-term value and contributing to a more sustainable, equitable future. Adopting ESG principles ensures better-informed strategic decisions, thus ensuring preparedness for unexpected events or changes in the business ecosystem. Welcoming every business in this transformative journey.”

These measures are equally important for India from a net zero emission point of view. ESG aids businesses in addressing climate change, mitigating risks, enhancing sustainability, and meeting global climate goals.

Thippeswamy Papareddy, Associate Vice President, QMS, Sustainability, Ghodawat Consumer highlighted the critical role of businesses in shaping India’s net-zero future. He remarked, “ By embracing renewable energy, adopting circular economy principles, and innovating sustainable solutions, brands are not only aligning with India’s climate goals but are also setting new standards for corporate social responsibility.”

As we observe International ESG Day, it becomes clear that businesses play a pivotal role in shaping a sustainable future. The integration of Environmental, Social, and Governance (ESG) principles into corporate strategies not only drives innovation and resilience but also aligns with global goals like India’s net-zero vision. Companies that embrace ESG are not just mitigating risks but are fostering positive societal impact and long-term growth. By prioritizing sustainability and responsible governance, businesses contribute to a more equitable and resilient world, highlighting the need for collective responsibility in tackling global challenges, from climate change to social inequality.