An Empirical Study of Perception and Awareness about Sustainability Reporting in Indian Chemical Industry

The concept of Sustainability Reporting is getting familiar nowadays among the different industries. With growing attention amongst the stakeholders and the emergence of increasing number of foreign investors in India the sustainability reporting is gaining its momentum. Chemical industry in India where 100% FDI limit is allowed has witnessed some interesting development over the past years and also will grow by manifolds in the years to come both at National and International Level. The industry is majorly held by SMEs and very prone to environmental and social hazards. So Sustainability Reporting has become the need of the hour to report the environmental social and economic performance of the industry. But on the contrary, the number of companies reporting as per the available sustainability reporting guidelines is very less in number which needs to be improved. This paper tries to understand the present status of the reporting in Chemical Industry of India and the perception and belief the industry keeps in mind on the sustainability reporting front.