“A Study On Environmental Sustainability Of Indian Companies: A Systematic Review And Meta Analysis”

Abstract

Corporate Social Responsibility (CSR) is now a critical component of any company's decision-making in the modern world. Big businesses must include CSR practices of any kind into their operations. Every company adopts CSR differently, and a variety of criteria, including size, industry sector, stakeholder expectations, prior CSR involvement, R&D activities, and labor market conditions, influence this choice. The possible advantages of CSR initiatives aid firms in gaining a better reputation as ethical corporations that can successfully gain a competitive edge. To make a focus on the adaption of CSR activity, it was found that India is one, who adopts the CSR activity as by amending the Company Act 2013 in April 2014. The reviews of international literature and publications generate new thoughts ideas, issues, and solutions to understand the conceptualization of corporate social responsibilities of companies based in India towards Environmental sustainability. Globalization and liberalization in the Indian economy has shifted corporate goals from a socio – economic focus towards increasing shareholders value to the benefit of various stakeholders and extensive. This review is conducted to synthesis information on environmental sustainability practices carried out by selected Indian companies and to identify the level of understanding of firms towards statutory CSR provisions and to compare environmental sustainability related CSR practices of these companies. For the same, data was collected from Wiley, Emerald, Web of Science and Scopus reviews. Those studies were selected which were peer reviewed, published in past 10 years, in English language, and were conducted for organizations with mandatory Corporate social responsibility. Companies performing CSR are the participants for the study. The findings of the study suggest the Indian companies selected for the purpose of the study are much aware about the environmental sustainability concept and their CSR practices are inclined toward sustainability of the environment.