CORPORATE GOVERNANCE AND SUSTAINABILITY PRACTICES OF ENERGY COMPANIES IN INDIA

Authors

  • Mr. Ankur Chhabra Assistant Professor, Department of Commerce, Shyam Lal College (Evening), University of Delhi
  • Mr. Sanjay Kumar Sharma Assistant Professor, Department of Commerce, Shyam Lal College (Evening), University of Delhi
  • Mrs. Monica Chhabra Assistant Professor, Department of Commerce, Jesus and Mary College, University of Delhi

DOI:

https://doi.org/10.29121/shodhkosh.v5.i1.2024.3930

Keywords:

Corporate Governance, Sustainable Development, Corporate Social Responsibility

Abstract [English]

In order to better understand how energy firms in India approach problems of corporate responsibility, sustainability, and regulatory compliance, the goal of this research is to analyze the various approaches that these companies use. It focuses on the processes that they use in a variety of different areas of practice. As a result of the fact that India has one of the energy markets that is increasing at the fastest rate around the globe, energy firms have a significant impact on the path that India is on towards achieving sustainable development. Within the scope of this study, the key objectives are to explore the reporting procedures, governance structures, and sustainability activities of major energy businesses in India.

References

Accenture, 2015. CDP Supply Chain Report 2012. Carbon Disclosure Project. Accenture, New York, USA, London, UK

Ahi P. , Searcy C. , 2016, A comparative literature analysis of definitions for green and sustainable supply chain management, Journal of Cleaner Production 52 DOI: https://doi.org/10.1016/j.jclepro.2013.02.018

Bartelmus P., 2017, Environment, Growth, and Development: The Concepts and Strategies of Sustainability, Routledge

Bansal, T., 2018. Network for Business Sustainability. http://nbs. net/wp content/uploads/Primer_Business_Sustainability. pdf

Boeva B., 2019. Corporate Governance and Global Supply Chains: How Self -regulation Replaces the Lack of Regulatory Initiatives or Do Regulatory Initiatives Add Value to Corporate Governance. Economic Alternatives, Issue 4

Carroll, A., 2020. Corporate Social Responsibility: Toward the Moral Management of Organizational Stakeholders, Business Horizons, July-August

Clarkson, P. M., Li, Y., Richardson, G. D., & Vasari, F. P. 2021. Revisiting the relation between environmental performance and environmental disclosure: An empirical analysis. Accounting, Organizations and Society, 33 (4–5), 303– 327. DOI: https://doi.org/10.1016/j.aos.2007.05.003

Clarke, Th., 2022. International Corporate Governance research, Routledge DOI: https://doi.org/10.4324/9780429294648

Cong Yu, Freedman M., 2023, Corporate governance and environmental performance and disclosures, Advances in Accounting, incorporating Advances in International Accounting, 27 (2011) 223–232 DOI: https://doi.org/10.1016/j.adiac.2011.05.005

Dunning, J., 2024. Corporate Social Responsibility: An Institutional Perspective

Eder, Chr., M. Oettingen, 2015. The Business Case for Global CSR, in Business and Poverty, Innovative Strategies for Global CSR, ICEP, CODECA, V.

Gimenez C., Sierra V., Rodon J., 2016, Sustainable operations: Their impact on the triple bottom line, Production Economics 140 (2012), 149–159 DOI: https://doi.org/10.1016/j.ijpe.2012.01.035

Hoejmose St., Roehrich J., Grosvold J., 2017, Is doing more doing better? The relationship between responsible supply chain management and corporate reputation, Industrial Marketing Management 43 (2014) 77–90 DOI: https://doi.org/10.1016/j.indmarman.2013.10.002

Kassinis, G., Vafeas K. 2018. Corporate boards and outside stakeholders as determinants of environmental litigation. Strategic Management Journal, 23, 399–415 DOI: https://doi.org/10.1002/smj.230

Krechovská M., Prochazkova P., 2019, Sustainability and its Integration into Corporate Governance Focusing on Corporate Performance Management and Reporting, Procedia Engineering 69 (2014), 1144 – 1151 DOI: https://doi.org/10.1016/j.proeng.2014.03.103

Mason Chr., J. Simmons, 2020. Embedding Corporate Social Responsibility in Corporate Governance approach, Journal of Business Ethics

Masson, M., J. O. Machony, 2021. Post traditional Corporate Governance, Governance and Sustainability, Working Paper Series, LSE

Pearce D. W., Barbier E. B., Markandya A, 2022, Sustainable Development: Economics and Environment in the Third World, (Edward Elgar Pub

Pullman, M. E., Maloni M. J., Carter C. G., 2023. Food for thought: social versus environmental sustainability programs and performance outcomes. Journal of Supply Chain Management 45 (4), 38–54. DOI: https://doi.org/10.1111/j.1745-493X.2009.03175.x

Price water house Coopers, 2022. CDP Global 500 Climate Change Report 2012. PriceWaterhouseCoopers,

Abrahams, T.O., Ewuga, S.K., Kaggwa, S., Uwaoma, P.U., Hassan, A.O. and Dawodu, S.O., 2024. MASTERING COMPLIANCE: A Comprehensive Review Of Regulatory Frameworks In Accounting And Cybersecurity. Computer Science and IT Research Journal, 5(1), pp.120-140. DOI: https://doi.org/10.51594/csitrj.v5i1.709

Adams, D., Adams, K., Ullah, S., and Ullah, F. (2019). Globalisation, governance, accountability and the natural resource ‘curse’: Implications for socio-economic growth of oil-rich developing countries. Resources Policy, 61, 128-140. DOI: https://doi.org/10.1016/j.resourpol.2019.02.009

Agudelo, M. A. L., Johannsdottir, L., and Devastator, B. (2020). Drivers that motivate energy companies to be responsible. A systematic literature review of Corporate Social Responsibility in the energy sector. Journal of cleaner production, 247, 119094. DOI: https://doi.org/10.1016/j.jclepro.2019.119094

Ajmal, M., Isha, A. S. N., Nordin, S. M., Sabir, A. A., Munir, A., Al-Mekhlafi, A. B. A., and Naji, G. M. A. (2021). Safety management paradigms: COVID-19 employee well-being impact on occupational health and safety performance. Journal of Hunan University Natural Sciences, 48(3).

Alshbili, I., Elamer, A. A., and Beddewela, E. (2020). Ownership types, corporate governance and corporate social responsibility disclosures: Empirical evidence from a developing country. Accounting Research Journal, 33(1), 148-166. DOI: https://doi.org/10.1108/ARJ-03-2018-0060

Aluchna, M., and Roszkowska-Menkes, M. (2019). Integrating corporate social responsibility and corporate governance at the company level. Towards a conceptual model. Engineering Economics, 30(3), 349-361. DOI: https://doi.org/10.5755/j01.ee.30.3.17511

Andriukaitiene, R., Janulionis, E., and Voronkova, V. (2019). The concept of corporate social responsibility and its implementation in the activity of organizations. Гуманітарний вісник Запорізької державної інженерної академії, (76), 184-199. DOI: https://doi.org/10.26661/2072-1692-2019-76-15

Baker, H. K., Purda, L., and Saadi, S. (2020). Corporate fraud exposed: An overview. Corporate Fraud Exposed: A Comprehensive and Holistic Approach, 3-18. DOI: https://doi.org/10.1108/978-1-78973-417-120201002

Banerjee, S. (2020). Institutionalization of corporate social responsibility (CSR) in India and its effects on CSR reporting: A case study of the petroleum and gas industry. Mandated Corporate Social Responsibility: Evidence from India, 141-157. DOI: https://doi.org/10.1007/978-3-030-24444-6_8

Barnett, M. L. (2019). The business case for corporate social responsibility: A critique and an indirect path forward. Business and Society, 58(1), 167-190. DOI: https://doi.org/10.1177/0007650316660044

Downloads

Published

2024-06-30

How to Cite

Chhabra, A., Sharma, S. K., & Chhabra, M. (2024). CORPORATE GOVERNANCE AND SUSTAINABILITY PRACTICES OF ENERGY COMPANIES IN INDIA. ShodhKosh: Journal of Visual and Performing Arts, 5(1), 995–1001. https://doi.org/10.29121/shodhkosh.v5.i1.2024.3930