Research on Emerging Trends, Challenges, and Gaps in Sustainability, ESG, CSR, and Digital ESG Implementation within large Corporations.
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Ahmedabad University
Abstract
With the growing times “Sustainability” is a term that is being used a lot. But what is Sustainability? Going by the books and a simple definition we know that sustainability means using the natural resources in a manner that we do not exploit it and save it for the future generations.With the same idea companies have embedded the vision of sustainability into their core operations as well now. Going back to the pre-industrial days its said that the idea of sustainability began during the industrial revolution but the CO2 and greenhouse emissions were much lesser than it is now. Companies have embedded sustainability by either CSR programmes, implementation of ESG or EPR, Substituting the natural raw materials etc. This capstone project aims to analyze the current trends of sustainability, corporate adaptation , integration of the comprehensive ESG criteria and digital transformation. With growing times consumers have a strong choice towards sustainable products, consumers are more aware of pollution etc and are becoming self conscious about nature and expect the same transparency from the companies they trust upon.Theoretical knowledge might not be adequate enough in this field but there is a lot of practical knowledge one can gain. That is exactly what our team has aimed to do. We will be diving into the roots of it. To accelerate our vision NEPRA Environmental Solutions Technologies Pvt Ltd a consulting firm and a trusted partner to the ‘A’ listed companies, gave us space to research and understand the world of sustainability and trends.This capstone project will lay out the comprehensive background review of sustainability, ESG, CSR comprising their definitions, their historical evolution and core principles. Identifying and analyzing the latest global trends that shape sustainability, ESG and CSR practices within large corporations.