Now, more than ever, the resilience and growth of businesses depend on the proactive actions taken by their leadership to address ESG risks and seize opportunities arising from them. However, a key challenge that they face is understanding and navigating the constantly evolving regulatory landscape.
The global business landscape is undergoing a transformative shift as legal and regulatory frameworks increasingly prioritise Environmental, Social, and Governance (ESG) considerations. This trend extends to India, where ESG and supply chain risks have become prominent concerns in boardroom discussions. As a major global hub for international supply chains, India faces a multitude of ESG-related risks that have implications beyond local entities. Compliance with regulations such as the Corporate Sustainability Reporting Directive (CSRD), Corporate Sustainability Due Diligence Directive (CSDDD), and Carbon Border Adjustment Mechanism (CBAM) is crucial for Indian businesses operating with the European Union (EU) or the United States (US) counterparts.
However, understanding and navigating the evolving regulatory landscape poses significant challenges for businesses. This article explores the impact of regulations like CBAM, CSDDD, and CSRD on Indian businesses. Real-world case studies illustrate proactive actions taken by companies to address ESG risks and leverage opportunities arising from regulatory changes. By prioritising ESG considerations, businesses can enhance their resilience and long-term success in an increasingly interconnected and sustainability-focused business environment.
Read more about the regulations in the ESG landscape, here:
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