Legal action critical for sustainable development: Induslaw's Saurav Kumar

CSR
Concurrent with technological innovation, legal action is critical for sustainable development. The Plastic Waste Management Rules, 2016 are playing a pivotal role in creating more accountability of producers, importers and brand owners (PIBOs) of goods in the end-of-life of their plastic products.

To this end, the “Extended Producer Responsibility” framework prescribes yearly targets to different classes of PIBOs, to ensure that they are focussing on recycling and reusing plastic.

  Robust waste management techniques coupled with innovation for eco-friendly alternatives will surely orchestrate a sustainable future.

On the other hand, Environmental, social, and corporate governance (ESG) ESG disclosure and transparency is becoming the new normal for businesses in India.

By reporting their environmental impact, social initiatives, and governance practices, organizations are fostering trust, accountability, and informed decision-making among investors, consumers, and stakeholders.

Saurav Kumar, Partner, INDUSLAW
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