Abstract

India's approach to Environmental, Social, and Governance (ESG) compliance is in an evolving stage, but the European Union's (EU) well-established and comprehensive ESG regulatory framework is a robust commitment for handling climate change. Objective of this paper is to compare India’s ESG regulations with those of the EU and to identify gaps and suggest recommendations. The current ESG framework in India includes mandates under the Companies Act, —’s Business Responsibility Report (BRS) and Business Responsibility and Sustainability Reporting requirements. (BRSR) Whereas EU’s regulations include Corporate Sustainability Reporting Directive, the Sustainable Finance Disclosure Regulation (SFDR), and the EU Taxonomy. This research will assess India’s ESG framework, compare it with the EU’s standards, and will recommend suggestions to bridge the gap and will be helpful for policymakers and stakeholders.

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