Corporate Environmental Disclosure Practices in India

Abstract

Environment friendly practices are expected from business organizations and also the disclosure of these practices to gain the confidence of shareholders and common public. Corporate world is often blamed for negatively affecting the environment for profit purpose. Question arises that how seriously environmental issues are looked upon and taken care of through appropriate actions by corporate world. Diversity of organizations and the parameters related to environment friendly practices makes matter complex especially for developing countries like India. This paper is aimed at analysing item-wise, company wise and sector wise environmental disclosure about the green initiatives taken by the top Indian companies based on market capitalization and their stock price.