Published Paper Details:

Abstract The study compares India and the EU's ESG disclosure systems' effectiveness, scope, and international standards. The 2011 National Voluntary Guidelines (NVGs) and SEBI's 2023 Business Responsibility and Sustainability Reporting (BRSR) framework have shaped ESG reporting in India. For the top 1,000 listed corporations, BRSR prioritizes ESG disclosure based on GRI and SDG standards.ESG reporting and sustainable finance laws are driven by the EU. The SFDR, EU Taxonomy Regulation, and CSRD establish comprehensive ESG disclosure criteria for financial market participants and big businesses. ESG data must be transparent and comparable in the EU through reporting, protocols, and enforcement. This comparison examines India and EU ESG disclosure laws, breadth, reporting, standards, and enforcement. GRI and other international standards are implemented, but regulations, enforcement, and reporting vary. The study highlights linking ESG reporting frameworks to global best practises to increase company sustainability transparency, accountability, and stakeholder confidence. India should adopt mandatory disclosure requirements like the EU's CSRD to improve ESG reporting transparency and comparability.