Green Growth Pathways through Sustainability and Green Energy: Evidence from BRSR Disclosures and Capital Markets in India

By : Sai Shankar G Nair

Page No: 401-411

Abstract
Green growth has emerged as a critical development paradigm that seeks to harmonise economic expansion with environmental protection and social well-being. In emerging economies such as India, this transition is increasingly shaped by regulatory sustainability frameworks, capital market mechanisms, and the accelerating shift toward green energy. This study examines the role of sustainability and green energy in enabling green growth, with specific emphasis on the Business Responsibility and Sustainability Reporting (BRSR) framework mandated by the Securities and Exchange Board of India (SEBI) and its interface with capital markets, particularly the National Stock Exchange (NSE). Using exclusively open-source secondary data, including BRSR disclosures, sustainability indices, regulatory documents, and publicly available corporate reports, the study adopts a mixedmethod approach combining qualitative content analysis and descriptive analytical techniques. The analysis evaluates the depth, scope, and thematic focus of sustainability and green energy disclosures, assessing their alignment with green growth objectives such as low-carbon transition, resource efficiency, governance accountability, and long-term value creation. The findings indicate a clear strengthening of sustainability disclosures under the BRSR framework, with growing emphasis on renewable energy adoption, energy efficiency measures, emissions management, and governance oversight. The study concludes that BRSR functions not merely as a compliance mechanism but as an institutional catalyst for embedding sustainability and green energy considerations into corporate strategy and market behaviour. The paper contributes to the literature on sustainable finance and green growth by offering an integrated analytical perspective linking sustainability reporting, green energy transition, and capital market dynamics in the Indian context.

Author
Sai Shankar G Nair, Environmental Analyst & Researcher – ESG, Ecology & Climate Policy, Environment & Climate Action, National Productivity Council, New Delhi, India.
 

DOI: https://doi.org/10.32381/PROD.2026.66.04.08