The Evolution of Sustainability Reporting in Emerging Markets

Abstract

The Evolution of Sustainability Reporting in Emerging Markets

Mrs.Yeshu

Dr. Vipin Nandal

Sustainability reporting has gained prominence globally as a critical tool for demonstrating corporate accountability and aligning business practices with environmental, social, and governance (ESG) objectives. However, its adoption and evolution in emerging markets present unique challenges and opportunities. This study examines the trajectory of sustainability reporting in emerging economies, focusing on the factors driving its growth, the frameworks employed, and the barriers organizations face in these regions.The research highlights the role of regulatory frameworks, investor pressure, and stakeholder awareness in shaping sustainability reporting practices. The findings reveal significant progress in the adoption of sustainability reporting in emerging markets, driven by globalization, growing consumer demand for transparency. However, challenges such as limited regulatory enforcement, inadequate reporting infrastructure, and capacity constraints persist. This paper underscores the potential of sustainability reporting to drive economic and environmental transformation in emerging economies by fostering responsible business practices and attracting sustainable investments.