Effectiveness of sustainability related governance: evidence from India

The study delves into the newly bulging stream of sustainability related governance. The increasing prevalence of sustainability committees in companies has instigated researchers to explore such specialised governance and assess its impact on corporate sustainability. However, this research can be more pronounced by studying the mechanism behind such governance. Since, governance is exercised through decisions and strategies; this study investigates its role in enhancing the sustainability reporting strategy as well as quality. Panel data analysis is performed on a sample of 103 Indian companies for the period FY 2016–2017 to FY 2021–2022. The results reveal that sustainability related governance plays a significant role in formulating better sustainability strategy and enhancing the quality of reporting in companies. These findings contribute to existing literature as the value of sustainability related governance has been undermined in previous literature. Moreover, these findings could lead to better configuration of organisations into the sustainability milieu.