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These are India’s most responsible companies in terms of sustainability and CSR

Chaitra Anand
·2-min read

Every lucrative establishment of a certain size is socially accountable—to itself, its stakeholders, and the public. Recognised companies are expected be conscious of the kind of impact they are having on all aspects of society, including economic, social, and environmental.

If a company is considered responsible it is because it operates in ways that enhance society and the environment, and not contributing negatively to them. By being socially responsible, businesses can not only benefit society, but can also boost their brand image.

The Futurescape Responsible Business Rankings are based on the study carried out by Futurescape that uses the ESG (Environmental, Social and Governance) framework. Over 90 parameters are used to map India’s top companies on ESG metrics. Key action themes for companies included renewable energy, water, waste, and data privacy.

As per Futurescape’s assessment of companies in 2020, these companies emerged as the most responsible in terms of sustainability and Corporate Social Responsibility. (CSR)

Here are the key highlights of the assessment before you take a look at the companies which have topped this list:

-ESG performance of companies has risen across the board

-The first time a service sector company achieved the top rank.

-Manufacturing companies continue to perform better than service companies

-Information Technology and diversified are the top performing industries, while NBFC’s are laggards.

-Sustainability is increasingly becoming part of core corporate strategy

-Integrated reporting is ramping up. 26% of the companies produce integrated reports.

-All the top 10 companies mapped their business goals with SDGs (Sustainable Development Goals (SDGs)

Energy

Renewable energy capacity and its utilisation have geared up. While solar energy is the preferred renewable energy source, there is growing impetus on biofuel.

Water

Access to water and management of water resources continues to be a focus area for internal operations and societal initiatives.

Waste

Initiatives to manage e-waste, municipal waste and plastic reuse & recycling show an increasing trend.

Data

Customer data and its privacy is a material aspect in the operations of services companies.

Futurescape is a sustainable experience transformation agency. They technology and data driven in their approach to sustainable experiences. They have been working with brands and companies in building new experiences for a rapidly changing world since 1997. Their work brings together brand experience, sustainability and technology.

1 . Infosys Limited

2 . Mahindra & Mahindra

3 . Tata Chemicals Limited

4 . ITC Limited

5 . Vedanta

6 . Wipro Ltd

7 . Hindustan Unilever Ltd.

8 . Godrej Consumer Products Ltd.

9 . Grasim Industries Ltd.

10 . Bharat Petroleum Corporation Ltd.