Sustainability Practices and ESG Scores: A Sectoral Study of Nifty 50 Firms
DOI:
https://doi.org/10.31305/rrijm.2024.v09.n07.006Keywords:
Environmental safety, ESG approach, Governance, Social Equality, Sustainable DevelopmentAbstract
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.
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https://www.kaggle.com/datasets/pritish509/nifty-50-esg-risk-ratings
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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).