2025, Vol. 6, Special Issue 2

There has been an evolving landscape of sustainability reporting, which sheds light on the fundamental shift signified amongst business ideals. The emergence of sustainable companies challenges the traditional notion of corporations as solely economic entities and advocates for a holistic approach that balances purpose and profit. This paradigm change promotes a deeper commitment than traditional CSR activities by encouraging firms to participate as change agents in society and the environment.

Governments, business associations, and advocacy groups must provide incentives and formally acknowledge companies that align their objectives with social and environmental responsibilities. The study also highlights the transformative impact of sustainability reporting on the business world. The research suggests that sustainability reporting is a proactive approach for businesses to manage risks, draw in investors, improve financial performance, and make a beneficial impact on the environment and society, rather than just being a compliance requirement.

The study concluded that sustainability reporting has multiple benefits for the Indian power sector, including establishing a clear roadmap for long-term growth and strengthening connections with stakeholders. Power firms can satisfy investor and regulatory requirements while significantly improving the socio-environmental well-being of the communities they serve by incorporating sustainability considerations into their corporate plans. The research underscores the crucial role of sustainability reporting in strengthening the resilience of power companies in an ever-evolving business sector.