Abhinav International Monthly Refereed Journal of Research in Management Technology SUSTAINABILITY REPORTING IN COMMERCIAL BANKS OF INDIA
During the last few decades the changing pattern of global environment has made the corporate accountable for their impact on the communities and environment of where they operate, both economic as well as non economic, like education, climate change, community health, business sustainability. Commercial banks being pillar of the economy plays a vital role in the economic development of country. As environmental protection and economic development both are important, sustainability reporting has become a prominent tool for mitigating the reverse impact of economic development, leading towards a sustainable economic development. Though sustainability reporting is still in nascent stage in India, the growing importance at the global level has motivated the Indian banks and other business firms to adopt sustainability reporting as a tool to enhance their competitiveness. It has emerged as a communicational tool for the companies to enhance the confidence of their stakeholders by disclosing their social and environmental effect. Keeping in view the importance of commercial banks in the economy and growing importance of Sustainability Report, the study aims to reveal present sustainability reporting practice prevailing in Indian commercial banks.