Sustainability Reporting with Regard to Environmental Performance by Top Indian Textile Companies

Abstract

A sustainability report is an organizational report that informs about economic, social, and environmental performance caused by its business activities. The purpose of this paper is to determine the level of sustainability reporting of environmental performances across the top textile companies in India. The content analysis method was used to describe the sustainability reporting method. It was found that, 20% of them are reporting as per global reporting initiative (GRI) guidelines and 50% as per the business responsibility format mandated by the Ministry of Corporate Affairs, Government of India. It may be concluded that 70% of the industries are adhering to the business responsibility report. It may be hence concluded that the policy makers may need to 1. Upgrade the business responsibility reporting with a few definite quantitative measures 2. Make third party audits mandatory for business responsibility reporting.