Published Online:October 2025
Product Name:The IUP Journal of Corporate Governance
Product Type:Article
Product Code:IJCG061025
DOI:10.71329/IUPJCG/2025.24.4.119-130
Author Name:Gattaiah Tadoori, Egurla Kishan and P Bhanu Sireesha
Availability:YES
Subject/Domain:Management
Download Format:PDF
Pages:119-130
The study examines the environmental, social and governance (ESG) disclosure scores of 92 companies from the NSE 100 ESG Index across four rating agencies—LSEG, S&P, CRISIL, and ESG risk AI. Using ANOVA and independent sample t-tests, the study evaluates differences in ESG scores across 11 sectors. The results show statistically significant variations, particularly between international (LSEG, S&P) and domestic (CRISIL, ESG risk AI) rating agencies, with notable sectoral differences in FMCG, diversified industries, financial ser vi ces, banking, and automobi les. These di screpancies highlight methodological inconsistencies, emphasizing the need for harmonized ESG rating frameworks to improve comparability for investors, regulators, and corporate decision-makers.
Transition from voluntary reporting to mandatory reporting and disclosure of nonfinancial information, i.e., environmental (E), social (S), and governance (G), has paved the way for providing specialized ESG-related services.