Sustainability reporting catching up

After the quality movement in the late 1980s, which saw a large number of Indian businesses going for ISO certification, the country's leading corporates are now gearing up to report on the very sustainability of business.

Sustainability reporting, which has already become popular in developed countries, is gradually gaining acceptance India too.

Sustainability reporting that has its own set of standard reporting format deals with a wide range of subjects from resource management to human rights.

Speaking at a workshop on this subject, organised by the Confederation of Indian Industry (CII), here today Dr J J Irani, Director, Tata Sons, said, 'India has arrived in the global economic scenario, this would be the right time to throw our attention to sustainable development.'

Large Indian and multinational corporations like Tata Steel, Tata Motors, Ford Motor India, Dr Reddy's Labs, ITC have already started sustainability reporting to their investors and common public.