Environment, corporate social responsibility and sustainability will be the focus areas for Indian businesses in the coming years as they face volatility risks on these counts, a Ficci-E&Y study has pointed out.
"As business volatility and risks continue to rise, Indian organisations see sustainability as a key area of focus in the coming years. This is the clear message," said the study which covered 60 companies.
While 90 per cent of the companies reportedly assess their sustainability-related risks, only 50
per cent have a formal mechanism to assess these risks, it said.
Corporate India is fast catching up with the progressive trends in sustainability that have been witnessed across the developed world.
Influx of regulations and guidelines from the Government would provide a boost to sustainable enterprise, the study said.
With increasing number of projects like Lavasa and Vedanta facing issues related to environment, the Ficci-E&Y study has suggested several measures in this regard.
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"As business volatility and risks continue to rise, Indian organisations see sustainability as a key area of focus in the coming years. This is the clear message," said the study which covered 60 companies.