Globally, startups have evolved into the catalyst for economic recovery, reorientation, and growth driven by innovation. As India Inc. is pushing the needle towards achieving the trillion-dollar digital economy goal and has evolved as a hotspot for varied startups, it is imperative for companies to understand the importance of “Environmental, Social, and Governance” or “ESG” in start-ups. The business world is rife with stories of how promoters have lost their management positions due to one terrible incident, which forms the basis of an internal investigation and uncovers a series of incidents pointing to inappropriate behavior. ESG issues are becoming increasingly important for start-ups, as investors, customers, and employees demand more accountability and transparency from companies.

In our most recent paper titled “ESG: The New Age Value Creator - Code of Governance for Start-ups”, we have looked into some of the key current ESG-related issues faced by start-ups and how to inculcate the trend of governance by a start-up from an early stage. As we know, ESG can play a vital role in addressing issues of mis-governance in startups and therefore more and more companies are recognizing the significance of incorporating a robust ESG agenda into their long-term plans and are therefore increasing their efforts to measure and report various metrics.

NDA’s research in this sector is ongoing, and we will continue to track this space with keen interest.

Regards,

Maulin Salvi and Sahil Kanuga

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