Article Details
  • Published Online:
    April  2026
  • Product Name:
    The IUP Journal of Accounting Research & Audit Practices
  • Product Type:
    Article
  • Product Code:
    IJARAP110226
  • DOI:
    10.71329/IUPJARAP/2026.25.2.244-265
  • Author Name:
    Bishal Patowary
  • Availability:
    YES
  • Subject/Domain:
    Finance
  • Download Format:
    PDF
  • Pages:
    244-265
Volume 25, Issue 2, April-June 2026
Pandemic-Induced Changes in Sustainability Reporting: Evidence from Fortune India Companies
Abstract

The paper focuses on Top 100 Fortune India companies’ sustainability reporting (SR) practices during and after the Covid-19 pandemic. The study created SR index Global Reporting Initiative (GRI) parameters to examine corporate SR practices and the Covid-19 support programs of the selected companies during the study period. Additionally, regression model fit was developed to analyze the effect of sector and foreign association of a company on its sustainability prices. It discovered that the sectors (viz., automobile, banking and finance, pharmaceuticals, chemicals, IT, oil and gas, mining, FMCG, telecom, iron and steel, and textile) and the firms with international associations disclose more information (qualitative and quantitative) in their annual and sustainability reports. The banking and financial companies secured maximum score in the SR index.

Introduction

According to the World Commission on Environment and Development report, the term “sustainable development” refers to the acts that address the current generations’ demands without jeopardizing the future generations’ ability to meet their own (The Brundtland Report: Our Common Future, 1987). With social and environmental impact disclosures becoming the new standard in the global economy, thousands of companies worldwide—from small and medium-sized enterprises (SMEs) to large corporations—have started reporting sustainability information over the past ten years (Global Reporting Initiative (GRI), 2020).