Environmental, Social and Corporate Governance in India
The concept of corporate social responsibility (CSR) has had a pivotal status in the debates surrounding corporate law and governance at the turn of the century. Although CSR was ensconced in the idea of voluntarism by which companies and their boards are invited to pay attention to the interests of various constituencies affected by a company’s activities, in some jurisdictions it has also acquired the status of a legal obligation. However, a recent strain of literature has identified that the broader sustainability concerns surrounding corporate governance have focused more on environmental, social and corporate governance (ESG), and away from CSR as traditionally understood.