Indian institutional lenders and investors are simply not demanding enough on sustainability from the companies. Rarely do they go beyond rule-based compliances and implement environment, social and governance or ESG goals with purpose and passion like their European counterparts. In light of this, suggest the measures to nudge the businesses to act on their environmental responsibilities. 10 marks

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https://indianexpress.com/article/opinion/columns/india-inc-must-follow-global-example-and-take-affirmative-action-on-climate-change-7194741/
In the body, mention the initiatives taken by the companies in Europe.
In the body, mention the role SEBI can play through the Business Responsibility and Environment Reporting (BRSR) guidelines, role of investors and lenders, role of Central bank etc.
Conclude by mentioning the need for the businesses to be a part of the movement.

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