Sustainability Practices and ESG Scores: A Sectoral Study of Nifty 50 Firms

Authors

DOI:

https://doi.org/10.31305/rrijm.2024.v09.n07.006

Keywords:

Environmental safety, ESG approach, Governance, Social Equality, Sustainable Development

Abstract

Population is increasing which is leading to enhanced consumption of products and services. Companies are innovating to boost up the production in various ways. Companies are using various resources from environment as input and creating the required output to the mankind. In this process there are some companies which are using some unfair means and harming the society. Sustainable development is one which takes care of not only Profit of the company but also the People and Planet.  ESG approach is a framework used to assess organizations business practices, activities and performances on ethical and sustainable issues. Environmental safety, Social Equality and Governance measures tells us about the companies’ standards and ethical procedures.  Some of the brokerage firms use ESG scores of companies to project the future prospects. The present research work focuses on Nifty 50 firms ESG score analysis in the aspect of various sectors and industries.  This also covers which sector has more ESG Risk score and which sector has less Risk score. Out of 50 companies in the Nifty 50, the data about Environment Risk score, Social Risk score and Governance Risk scores are available for only 38 companies. So, analysis has been done for Controversy score and Risk profile along with Controversy level and ESG Risk profile. If the sectors of high ESG Risk score try to change the policies, then those companies will be able to curtail the negative repercussion on environment and society.

Author Biographies

Dr E.M. Naresh Babu, Professor, ABBS School of Management, Bengaluru

Dr Naresh Eeti Mohan received his Master of Business Administration and Master of Science in Mathematics from Sri Venkateswara University, Andhra Pradesh, India. He obtained his Ph.D. Degree in Management Studies from Sri Venkateswara University, Andhra Pradesh, India. He worked for Bank of America Continuum Solutions, Hyderabad as a Senior Team Member in Global Treasury Services & Operations. Presently he is serving ABBS School of Management, Bengaluru, India as Professor. He is a member of Bangalore University Affiliated B-School Directors’/Principals’ Association, MTC Global and NHRD Kolkata Chapter. He is a NSE certified Financial Advisor and holds certifications from National Stock Exchange’s NISM platform. His areas of interest are Operations Management and Stock Markets. His research work includes many National and International conferences and secured many certificates from NPTEL platform and translated Financial Accounting subject into Telugu language.

Mr G. Surya Prakash, 6th Trimester, ABBS School of Management, Bengaluru

Mr Surya Prakash. G is an enthusiastic business analyst who is in his 6th trimester Post Graduate Diploma in Management from ABBS School of Management, Bengaluru. Presently he got placement in C5i, Bengaluru. He is an analytical personality with areas of interest which includes Business Analytics and Machine Learning, he is specialized in Pyton, R, SQL, Text Analytics and various tools related to Data Science. Having expertize in technical tools like MS Excel, Tableau, and Power BI, Surya aims to leverage his analytical abilities to drive business enhancement and development. He has completed projects in Lean Six sigma and Scrum Master and participated in various National and International competitions at Post Graduate level. Completed numerous projects in-house and bagged handful of certifications in various competitions.

Ms G. Sandhya, 6th Trimester, ABBS School of Management, Bengaluru

Ms Sandhya Gadikota is an aspiring human resources professional and a passion for continuous learning. Currently pursuing a Post-Graduation Diploma in Management with a major in Business Analytics and a minor in Human Resources, Sandhya has gained practical experience through her HR internship at L&T Technology Services, where she excelled in talent acquisition and the complete recruitment lifecycle. With proficiency in technical tools like MS Excel, Tableau, and Power BI, she aims to leverage her analytical abilities to drive business growth and development. Sandhya is also actively involved in extracurricular activities, holding certifications in Lean Six Sigma and Scrum Master, and has participated in various conferences and competitions, reflecting her commitment to professional and personal development. Currently working in Schenec solutions private limited, Bangalore as HR Recruiter.

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https://www.kaggle.com/datasets/pritish509/nifty-50-esg-risk-ratings

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Published

15-07-2024

How to Cite

Naresh Babu, E., Surya Prakash, G., & Sandhya, G. (2024). Sustainability Practices and ESG Scores: A Sectoral Study of Nifty 50 Firms. RESEARCH REVIEW International Journal of Multidisciplinary, 9(7), 36–46. https://doi.org/10.31305/rrijm.2024.v09.n07.006

Issue

Vol. 9 No. 7 (2024): RESEARCH REVIEW International Journal of Multidisciplinary

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Articles

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This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License.

This is an open access article under the CC BY-NC-ND license Creative Commons Attribution-Noncommercial 4.0 International (CC BY-NC 4.0).