Adoption of sustainable development goals by selected listed companies

The UN member countries committed themselves to adopt Sustainable Development Goals (SDGs) also known as Global Goals by 2030. The 2030 Agenda includes the three dimensions of sustainability – economic, social and environmental. The SDGs aim to target different stakeholders into “doing more and better with less”. India is highly committed to achieving the SDGs both at the national and state level. The expression “Sabka Saath Sabka Vikas,” that interprets as “Collective Effort, Inclusive Growth” and has been repeatedly emphasised by our Prime Minister Narendra Modi, forms the cornerstone of India's national development agenda. Reflecting the country's commitment to the SDGs, Indian companies are also integrating practices set out in the UN's sustainable development goals (SDGs) in their corporate strategy. This paper attempts to study the 17 SDGs and their implementation by NSE NIFTY 50 companies. For this purpose, NSE Nifty listed 50 companies were taken and the data relating to the Sustainability initiatives of these companies was collected from various secondary sources. It also aims to examine empirically the relationship of sustainability initiatives of NSE NIFTY companies with the Corporate Financial Performance.