Environmental, Social & Governance Law India 2023
Environmental, Social, and Governance Law (ESG) concerns have grown significantly in importance in recent years for organisations, governments, and people all around the world. This tendency is also seen in India, where policymakers and the corporate sector are paying more attention to ESG-related issues. As 2023 approaches, it is worthwhile to examine the current condition of Environmental, Social & Governance Law India 2023 (ESG legislation in India) as well as what the future may hold for this quickly developing field.
Environmental law has been a key area of focus for regulators in India for decades. The country’s environmental laws cover a wide range of issues, from air and water pollution to waste management and biodiversity conservation. In recent years, there has been a growing emphasis on sustainability and climate change, with the government launching a number of initiatives aimed at reducing carbon emissions and promoting renewable
Key Points
- One of the most significant recent developments in Indian environmental law was the introduction of the National Clean Air Programme (NCAP) in 2019.
- The NCAP aims to reduce air pollution levels by 20-30% by 2024 and includes a range of measures such as strengthening monitoring and enforcement mechanisms, promoting cleaner technologies, and increasing public awareness.
- Another important development was the introduction of the Plastic Waste Management Rules in 2018, which aim to reduce the use of single-use plastics and promote recycling.
- These rules require manufacturers, brand owners, and importers of plastic products to take responsibility for the collection and recycling of their products.
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