Metals & Mining Companies Outperform In Environment Impact -Report

According to a report released on Monday by the sustainability-focused advice firm Sculpt Partners, metal and mining firms have reported an improvement in the integrity of environmental data. Additionally, the report increased awareness of sustainability issues that merit greater reporting than others.

According to the report  "Companies disclose richer information and metrics for sustainability topics such as waste management, GHG emissions, water consumption, and energy efficient operations,"  Unexpectedly, it was discovered that the media entertainment and publication, healthcare services, IT, financial services, and healthcare services industries trail behind on these metrics.

The top 1000 listed companies in India (ranked by market capitalization) were required to publish sustainability reports and disclose critical ESG data in accordance with BRSR standards at the beginning of the year under the Business Responsibility and Sustainability Reporting (BRSR) guidelines introduced by Securities and Exchange Board of India SEBI.

In response to this, Kumar Subramanian, founding partner and managing director of Sculpt Partners, stated, "In order to align with the SEBI guidelines, we believe that most companies from the lagging sectors need to significantly improve their environmental impact reporting practices." Board of Directors, Chief Financial Officers (CFOs) and Chief Sustainability Officers (CSOs) of these companies need to step up and establish measurement mechanisms and narratives to report firm sustainability performance in a fair, transparent, accurate, and intuitive manner."

In order to successfully oversee, manage, and carry out an organization's sustainability agenda, reporting techniques that are an integral aspect of a sound governance framework were further highlighted in the report.