Abstract

Due to change in climatic conditions across the globe, environment protection has been a major challenge for each one of us. There are many instances in ancient Indian text books like DighaNikaya, Ishavasya Upanishad, Charaksamhita, Attharvaveda etc. that highlight the importance of environmental protection as a duty towards society and that sustainable growth is the real growth. Today the world is facing the challenge of climate change, water scarcity, and loss of biodiversity, pollution and depletion of natural resources. Since corporate sectors are using the natural resources directly or indirectly, they owe some responsibility as well as accountability towards environment sustainability. In India, with the amendments in companies Act 2013 and increased concern for social responsibilities, the companies are now participating in CSR Governance. The disclosure activity is taken by companies as a compliance activity rather than a voluntarily disclosure. The present paper is an attempt to find out the level of environmental reporting by two top IT companies (as per CSR ranking 2020), namely Infosys and Wipro, towards environment protection and to see how far they have been able to play the role of environment stewardship.

Keywords: Environmental Accounting, Green Accounting, Circular Economy, Infosys, Wipro, Pollution, Carbon Emission