For the first time, a department of the appointed a chief sustainability officer (CSO) after Jaipur City Transport Services Limited (JCTSL) nominated its company secretary as the CSO of the corporation.
For private corporations and government PSUs, appointing a CSO is the newest trend. A CSO generally implements the Environment sustainability Governance (ESG) strategies and sustainable policies on behalf of the corporation.
According to Industry experts, in 2020-21 several global companies appointed the first batch of CSOs. Following several issues related to environmental challenges, corporates are paying urgent attention to sustainability and ESG factors. In India several corporate giants like Tatas and ITC and PSUs like Ongc and Indian Oil Corporation have appointed CSOs.