UNION BUDGET: 2022 – 2023 (KEY ESG TAKEAWAYS)

On 1st February, 2022, the Finance Minister of India presented the budget for 2022 – 2023. This year’s budget demonstrates a continuing effort by the Government of India towards a more sustainable resilient economy. As per the announcements made during the budget speech, the Government is considered to have formulated strategies pursuant to due consideration of various elements such as the rapid influx of technological advancements, the urgent need to address environmental concerns and the various societal issues such as protection of human rights, empowerment of communities, etc. Some of the key features of the budget include initiatives focused on inclusive growth while being in alignment with different ESG (Environmental, Social and Governance) components.

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