Frameworks, Strategies and Tools
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Edited by M. A. Quaddus and M. A.B. Siddique
Chapter 15: Corporate Sustainability Reporting: The Emerging Trends in India
15 Corporate sustainability reporting: the emerging trends in India Sujit Kumar Roy 1. INTRODUCTION It is now widely recognized that humankind is on the verge of an environmental catastrophe and perhaps very few options are left to avert the crisis that has been looming large since the 1960s. On 26 May 1969, the U Thant Report, ‘Man and His Environment’, published under the aegis of the United Nations, stated in its introduction: For the first time in the history of the humanity a crisis of world-wide scope has come into existence, including both the developed and the developing countries – concerning the relation of man to his environment. Threatening signs were visible long ago: the demographic explosion, the inadequate integration of powerful technology with the requirements of the environment, the destruction of cultivated lands, the unplanned development of urban areas, the diminishing of open spaces and the ever growing danger of the extinction of many forms of animal and plant life. There is no doubt that if this process will continue – future life on earth will be threatened (Encyclopaedia of the United Nations and International Agreements, 1990, p. 264). The U Thant Report was precursor to the first UNEP Conference on Human Environment in 1972, popularly called the Stockholm Conference. Twenty years later, at Rio de Janeiro in 1992, one of the biggest environmental conferences – the Earth Summit – was held to remind the humanity about the perilous state of the global natural environment. In between and thereafter there were a number...
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