An Enquiry in to the Frame and Factorial Relationship in Environmental Reporting Practices of Indian Pharmaceutical Industry

Ajay Kumar Khatua, Dr. Lokanath Mishra, Dr. Ganesh Dash, Dr. Uma Sankar Mishra and Dr. Jyoti Ranjan Das

Corporate houses that consider profit as the only goal of business have created extensive human and environmental misery in the world, on the other hand, companies that function more holistically considers people, planet, and profit in their decision making. Such companies tie the social and environmental impact of an organization’s activities to its economic performance. Corporate houses, today, need to provide more credible information and address a larger group of stakeholders beyond the financial information and their commitments towards social and environmental issues. The study was designed to measure the depth of environmental narratives in the corporate annual report of 50 sample companies from the pharmaceutical industry. The association of various firms with the level of environmental disclosures was also explored. The result of the study shows that more than 50% of sample companies don’t even have environmental policies or environmental management system. The result also shows a positive association between profit after tax (PAT), turnover, and level of environmental disclosures. However, age, total asset and total market capitalization don’t have any influence over level of environmental disclosures.

Volume 11 | 08-Special Issue

Pages: 884-894