ABSTRACT:
The concept of green finance aims at achieving sustainable development goals and economic development of nation by utilizing natural resource to improve the efficiency of business. In order to finance business operations every firm need capital to meet the objective of sustainable financing through green investments. Green growth is achieved through harmony between economy and environment through sustainable business practices. Green projects are financed through stocks, bonds, mutual funds etc. The underlying principle of green investments is to minimize the hazardous risks and socially responsible investments which aim at eco-friendly and these investments emerged as sustainable accounting and reporting meeting with Economic, Social and Governance compliance. The ESG framework drives towards sustainable investments and pushing entities to make investments in green projects. Covid-19 Pandemic has brought tremendous changes in investment pattern and perception of investors was positive, which is evident from increased in assets under ESG funds post covid-19 scenario. The present research study aims to understand the Significance of ESG in achieving sustainable business. Author has made an attempt to demonstrate how the JSW group evolved itself into sustainable investments. The present study concentrates on sustainable investment practices of JSW ltd, secondary data has been collected from annual reports, financial statements, ESG data book and BRSR reports etc besides this ESG scores has been collected from NSE index, authentic e-sources, research articles published in repute journals are majorly utilized. Green investments emerged as new approach to invest funds in socially responsible projects and these investments are part and parcel of sustainable development goals. Green investments have greater power to drive innovation and foster long term growth as well as economic development of nation. 21st century investments have seen rapid increase in sustainable investments. Investments are driven by environmental risks and such investments have become need of the hour. Green energy sector is rapidly expanding globally green finance investments in India demonstrate 25% of total requirement across sectors. Author of the study has only concentrated on JSW ltd and sustainable investment practices of the company. An attempt is made to understand the current status of sustainable investment only simple key financial ratios are used to analyse the financial performance.