Get All Access for $5/mo

75% Indian Companies Set Clear Sustainability Goals: IMA According to the report, 61.3 per cent of manufacturing companies expect to see measurable outcomes from their ESG initiatives in medium to long term, with 13.3 per cent anticipating results in the very near term (0-1 years)

By Paromita Gupta

You're reading Entrepreneur India, an international franchise of Entrepreneur Media.

Photo Curtesy: Freepik

A total of 75 per cent of large Indian companies have set clear sustainability goals, with 84% voluntarily sharing their targets, IMA India and Uniqus Publish Survey said in its report.

The result of a joint study conducted by IMA India and Uniqus Consultech, explored the shifting dynamics of corporate approaches to sustainability.

According to the report, 61.3 per cent of manufacturing companies expect to see measurable outcomes from their ESG initiatives in medium to long term, with 13.3 per cent anticipating results in the very near term (0-1 years)

The survey uncovered that the manufacturing, chemical, and healthcare sectors lead in sustainable practices. It is also pertinent to mention that despite these positive trends, 25 per cent of Indian companies, mostly SMEs, avoid ESG discussions in their Board of Directors meetings. Moreover, only 29 per cent of companies report their ESG initiatives and seek stakeholder feedback.

Jamil Khatri, Co-Founder & CEO of Uniqus Consultech said, "The findings from our 2024 Sustainability in Action report are encouraging. The fact that a majority of companies have embedded ESG into their core strategies and are taking concrete steps towards sustainability is a testament to the growing importance of ESG in India. We are optimistic about the growth in ESG consciousness and action in India, especially with new technologies poised to be a game changer in driving positive trends across industries."

Suraj Saigal, IMA India's Research Director said, "Our report underscores the critical role of ESG in shaping the future of Indian businesses. Companies are not only recognizing the ethical and regulatory imperatives but are also seeing the financial benefits of sustainable practices. The willingness to leverage green finance and technology shows a proactive approach to overcoming ESG challenges."

Paromita Gupta

Entrepreneur Staff

Features Writer with Entrepreneur India

Covering news and trends in AI and Metaverse segments. An avid book reader running her personal blog on the side. You may reach me at paromita@entrepreneurindia.com. 
Business News

How to Start Your Dream Business This Weekend, According to a Tech CEO Worth $36 Million

He started his now 14-year-old company in one weekend for $60 — it made $300,000 the first year, and $3 million the second.

Business News

How to Humanize AI Content: 3 Strategies for Authentic Engagement

Want to know why human-generated content gets 5.4 times more traffic than AI-generated material? Learn the game-changing strategies that can make your AI content feel more authentic and engaging.

Business Ideas

63 Small Business Ideas to Start in 2024

We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2024.

Business News

Microsoft AI CEO Says Almost All Content on the Internet Is Fair Game for AI Training

Microsoft's AI CEO was asked recently if AI companies have stolen the world's intellectual property.

Leadership

The 4 Pillars of Leadership Success

Being a good leader can feel like an abstract goal, but it doesn't have to be. Here are the four pillars that I believe are the foundation of effective, successful leadership.