Corporate Sustainability through Stakeholder Engagement: A Review on Indian Corporates

Journal: GRENZE International Journal of Engineering and Technology
Authors: Arun K, Afiya Nazrin, Sheethal Padmanabhan, K. Vedavyasa, Devipriya H
Volume: 10 Issue: 2
Grenze ID: 01.GIJET.10.2.942 Pages: 2455-2467

Abstract

Corporate sustainability and stakeholder engagement are pivotal as they help companies address various social and environmental challenges to maintain long-term sustainability. This paper solely focuses on the connections between corporate sustainability and stakeholder engagement by demonstrating the numerous strategies and techniques that three prominent companies: ITC, Infosys, and TATA Motors use to successfully engage with their stakeholders and incorporate sustainability into their core business practices. ITC's Sustainability 2.0 strategy, Infosys's investor engagement efforts, and TML's dedication to societal well-being are some of the prominent initiatives. Proper stakeholder participation is very important in ensuring the effective implementation of sustainability projects in companies. Corporate sustainability is still evolving, and this paper puts forward some recommendations on how to enhance corporate sustainability in the Indian scenario.

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