In contemporary world, corporate sector’s contribution in generating wealth and employment is increasing. In doing so, they are bringing in unprecedented onslaught on the climate, environmental sustainability and living conditions of human beings. In this background, do you find that Corporate Social Responsibility (CSR) is efficient and sufficient enough to fulfill the social roles and responsibilities needed in the corporate world for which the CSR is mandated? Critically examine.

ESG framework is a report that help corporate abide by their social and environmental responsibility and promote the theory of moral unity.

ESG Reporting is currently voluntary for top 1000 listing companies in India as per SEBI Regulations.

ESG equipping corporate world to fulfill social role.

1. Wide discussion on the report forces corporate to be mindful of their actions.

2. Interlinkage of corporate with society as without society they cannot function.

3. Investments: flow into corporate specially from young investors after looking at ESG.

However, ESG won't work because:

1. Need ethics: to fulfill duty - as a law abiding entity does need law.

2. Capitalism today is driven by animal spirits makes them find loopholes eg: green washing by H & M Brand.

Despite above, ESG framework can go a long way to promote P3 principles - People, Planet and Profit in the long run.