Climate finance disclosures practices and regulatory challenges in India

Abstract Introduction With the growing impact of climate change on business and society becoming increasingly complex and uncertain, there is a growing realisation that disclosing climate information is essential to meet targets for climate change and promote sustainable development. In this regard, Climate finance plays a crucial role in mitigating and adapting to the impacts of climate change in developing nations. This paper empirically evaluates the current status of climate finance disclosure in India. Purposes The study explores the challenges and legal framework in implementing climate finance disclosure in India. Based on a systematic literature review methodology, 68 research papers from various academic databases, including Emerald Insight, Scopus, and Google Scholar, were used to achieve the paper's objective. The study's practical implication is to recommend that policymakers establish mandatory regulations for climate finance disclosure in India. Results The execution of a mandate would result in positive aspects for various stakeholders, including customers, investors, and governments. Simultaneously, it will enhance corporate transparency for stakeholders. Uniqueness This study is distinctive in that, to the authors' knowledge, there are relatively few studies that have concentrated on the climate finance disclosure practices in the Indian context.