📋 WAT/Essay Analysis Guide
🌍 Topic: Should Indian Companies Adopt ESG Frameworks?
📘 Understanding ESG’s Importance
🌟 In today’s interconnected global economy, Indian companies must adopt ESG (Environmental, Social, and Governance) frameworks to remain competitive, attract global investors, and ensure sustainable growth. For B-school students, understanding ESG’s role is critical in managing modern businesses.
🕒 Effective Planning and Writing
- Planning: 5 minutes
- Writing: 20 minutes
- Review: 5 minutes
💡 Preparation Tips: Collect data on ESG adoption, case studies of Indian corporates, and challenges like cost barriers and policy gaps.
✍️ Introduction Techniques
- Contrast Approach: “While Indian companies face increasing global scrutiny over sustainability, only 40% report comprehensive ESG disclosures, highlighting a significant gap in adoption.”
- Solution-Based Approach: “Adopting ESG frameworks can transform Indian businesses into global leaders by aligning strategies with sustainable goals, attracting investments, and minimizing risks.”
📂 Structuring the Essay Body
1️⃣ Achievements
- SEBI’s BRSR mandate for listed companies improves transparency.
- Case Study: Infosys achieved carbon neutrality by leveraging green energy.
2️⃣ Challenges with Comparative Analysis
- High compliance costs affect MSMEs compared to Europe’s regulatory and financial support.
3️⃣ Future Outlook
- Incentivize green finance adoption.
- Develop sector-specific ESG frameworks for better inclusivity.
🎯 Concluding Effectively
- Balanced Conclusion: “While ESG adoption poses challenges, tailored support mechanisms will ensure Indian businesses achieve sustainable growth without compromising profitability.”
- Global Comparison Conclusion: “India must emulate Europe’s policy-driven ESG leadership to strengthen its position in the global economy while ensuring long-term resilience.”
🔍 Analyzing Successes and Shortcomings
- Achievements: SEBI mandates, corporate leadership (Infosys, Tata).
- Challenges: Data gaps, MSME constraints, and short-term focus.
- Global Context: EU’s leadership, China’s government-driven adoption.
📢 Recommendations for Sustainable Progress
- Offer tax incentives and financing solutions for MSMEs adopting ESG.
- Implement sector-specific ESG guidelines for tailored adoption.
📝 Sample Short Essays
1️⃣ Balanced Perspective
“Indian companies adopting ESG frameworks align with global trends in sustainability and governance. While challenges like high costs persist, government support through incentives and green finance can bridge the gap.”
2️⃣ Solution-Oriented
“Adopting ESG frameworks enables Indian companies to attract investors, reduce risks, and achieve sustainable growth. Policies targeting MSMEs and fostering green innovation will make ESG adoption inclusive.”
3️⃣ Global Comparison
“India can learn from Europe’s ESG success by implementing strong regulatory frameworks and incentivizing green finance. Indian companies, led by pioneers like Infosys, can position themselves as global sustainability leaders.”