India: Rules on CSR disclosure to be produced

Date: 23 Jun 2008

The Institute of Chartered Accountants of India (ICAI) has said that it is working on a new set of rules on CSR disclosure, inspired by the Global Reporting Initiative guidelines on reporting.

The ICAI has formed a committee to develop its framework in standardising approaches to sustainability reporting. It is expected to produce a draft in the next few months.

The move comes as Indian companies find themselves under growing pressure to account for their sustainability impacts as they seek to access global markets and to attract foreign investment.

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