Indian Healthcare Firms Accelerate ESG Adoption: 67% Now Have Dedicated Boards

Majority of Indian healthcare companies are embracing ESG strategies to drive future growth.

• 67% of Indian healthcare companies have formed ESG boards.
• The EY-CII report emphasizes a growing trend towards sustainable practices.
• ESG initiatives are expected to drive transformation in healthcare operations.

Major Shift Toward ESG in Indian Healthcare

A recent report by EY and the Confederation of Indian Industry (CII) highlights that 67% of Indian healthcare companies have established Environmental, Social, and Governance (ESG) boards. These boards are part of a broader initiative to integrate sustainability into the corporate structure. As healthcare plays a pivotal role in societal well-being, the sector’s move toward ESG is seen as a major development.

The Importance of ESG Boards in Healthcare

The formation of ESG boards is essential for companies looking to align their operations with global sustainability standards. In a sector where societal impact is paramount, this step ensures that healthcare firms are not just focused on profits but are also committed to ethical and environmentally responsible practices. The growing emphasis on ESG aligns with the increasing demand for sustainable healthcare solutions, both from stakeholders and consumers.

Strategic Decisions Backed by Data

The report underscores how ESG governance is gaining momentum in the Indian healthcare industry. It details how companies are not only forming boards but are also investing in sustainable technologies, which are expected to reshape the sector. A senior healthcare executive noted, “ESG has become a strategic imperative for the future, influencing everything from operations to patient care.”

A Growing Trend Across the Sector

The EY-CII report also shows that ESG boards are becoming more than just a trend—they are now a critical part of decision-making frameworks in healthcare companies. Many of these Indian firms are already seeing the benefits of integrating ESG into their long-term strategy, with improvements in stakeholder trust and operational efficiencies. The adoption of these practices could lead to a transformative shift in how healthcare is delivered.

The Future of Healthcare with ESG

As healthcare companies continue to adopt ESG principles, the Indian healthcare landscape is expected to undergo significant transformation. With ESG governance at the forefront, firms are well-positioned to drive innovation, sustainability, and ethical care, ensuring a positive impact on both society and the environment.