Listed public sector undertakings may soon be on a par with private companies in environmental, social and governance (ESG) disclosures, with the Comptroller and Auditor General (CAG) preparing to integrate ESG criteria into PSU audits over the next year.

The move comes as the CAG seeks to tighten oversight of sustainability and governance practices across the public sector, especially after some PSUs have fallen short of Sebi’s Business Responsibility and Sustainability Reporting (BRSR) norms, which were made applicable to top 150 listed firms from FY24.

Sustainability first

The audit expansion will apply not only to listed PSUs but also unlisted ones.

“Initially 30 listed PSUs and 18 unlisted PSUs we have taken,” deputy CAG Anand Mohan Bajaj said at a press conference in Delhi on Nov

See Full Page