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Abstract
This study helps to understand that how responsible are our Indian industries towards sustainable development and environmental reporting standards and how much they are investing on this aspect. To understand it in a more conclusive manner some pharmaceuticals companies from Indian pharmaceutical industry have been undertaken. Responsibility towards the environment is a most crucial part of social responsibility for these industrial establishments. In the recent years, concerns for environmental degradation are at hike. Various types of pollution viz., air, water, sound, soil erosion, deforestation, etc. have arisen drastically. This evil is spreading all over the world and is polluting water, affecting health, global warming and deterioratingproductivity. Itis desirable for the industries to report on the efforts made by them as a part of social responsibility to protect the global environment. To study the environmental reporting practices followed by the industries becomes more important for a developing country like India which are facing twin problems of protecting the environment on the one hand and promoting economic development on the other. A careful assessment of cost-benefit analysis is required to understand environmental damages and to find safe way to achieve both the goals without any serious harm. A well-functioning pharmaceutical industry can contribute directly a lot to social wellbeing. Environmental reporting in corporate social responsibility is an important precondition for the further development and growth of the industry, society and nation’s economy. Proper environmental reporting according to standards will help India to regulate this concern with more earnest to minimize the evil of degradation of the environment and in sustainable development in the future. Keeping these aspects in mind the present study on environment reporting has been undertaken with reference to Indian Pharmaceutical Companies has been undertaken.