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Disclosure of Business Responsibility and Sustainable Reporting (BRSR) of the Top Indian Pharmaceutical Industries with a New Approach

Yudhistra Kumar Alavandar
DOI: http://dx.doi.org/10.21013/jmss.v22.n2.p1
Abstract
The top pharmaceutical companies play a vital role in contributing to the global drug manufacturing facility, which not only helps supplying drugs to the Indian market, which is third highest volume manufacturer of drugs in the world. India supplies 40 and 20 % of generic drugs to USA and UK. It is very important that the pharmaceutical companies in India take the highest responsibility towards protecting the Environment, Sociological and Economical (ESE) approach for following the nine principles of the Business Responsibility and Sustainability Approach (BRSR). We have reviewed the top four pharmaceutical companies for their disclosures for the BRSR with the new approach. The review revealed that principle two and six delas with environmental activity, whereas principle three to five, seven to eight, which deals with the sociological and economical aspect, principles one and nine, deals with the economic activity.  Such type of disclosures will help us to create the brand value and increases the market value of the manufactured drugs in India and globally. We can know the current services, which they have provided to the society and various ways in which we will protect the environmental at large. There is many published information on the environmental, sustainable goals (ESG) but there is very less information about the ESE approach of the approach, which shows the disclosures of the pharmaceutical industry.
Keywords
Business Responsibility and Sustainability Approach (BRSR), Environment, Sustainability, Sociological and Economical.
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