Sustainability Reporting Should be Made Mandatory by Law
Natalie, Professor, India, Member
If Corporate Sustanability has to happen, sustainability reporting has to be made mandatory like Corporate Social Responsibility in India for those companies earning a net profit of more than Rs. 5 crore or more in a fiscal year.
Government has to come forward in aiding the companies to become sustainable and maintaining the ecological balance.
In this regard, government has to come up with eco-subsidy and eco-tax which will enable the companies to go for renewable resources and becoming green. New entrepreneurial units have to be encouraged to operate as a green business from the start.