Discuss in brief the following: Government Role in improving Sustainability.

Government does play an important and even critical role in improving sustainability. In 2011, Ministry of Corporate Affairs (MCA), Govt. of India issued the first voluntary reporting framework for reporting on Business Responsibility in the form of 'National Voluntary Guidelines (NVG) on Social, Environmental and Economic Responsibilities of Business'. Governments are interceding with unprecedented levels of new regulations, like SEBI mandated Business Responsibility Reporting in India for top 500 listed companies besides the voluntary reporting for others, Integrated Reporting in South Africa and many other jurisdictions are placing similar requirement on companies to report about the sustainability aspects in addition to financial information.