Tracking performance Worldwide businesses are investing time and effort to undertake and demonstrate their Responsible Business

behavior and commitment while proving their responsibility to the society and environment at large. As a step in this direction, Ministry of Corporate Affairs has recently released National Voluntary Guidelines for the Social, Environmental and Economic Responsibilities of Business (NVG-SEE) In such a scenario, there is growing interest amongst corporates to use third party assessments" to measure their contributions to their stakeholders and communities Recently cKinetics initiated a strategic assessment of the current disclosure levels of Indias leading companies across multiple sectors to gauge the current level of preparedness of India Inc for sustainability reporting. As part of the work, the companies comprising the Bombay Stock Exchange Sensex were reviewed for their current disclosure levels viz. the reporting framework suggested by the National Voluntary Guidelines for Social, Environmental and Economics Responsibilities of Business (NVG) The data was collated from publically available information through company annual reports, sustainability reports and company websites. Disclosure Score = (No. of parameters on which company discloses information)/(Total no. of parameters) Governance From our study we found that typically Indian companies have a high disclosure level regarding governance issues

Environment

India has no mandatory environmental reporting for listed companies though the Companies Act (1956) requires companies to disclose details regarding energy conservation measures undertaken by them in their annual reports.