The key challenge nowadays, both internationally as well as for India, is to emphasis on inclusive growth by guaranteeingmonetary growth while at the same time meeting social commitments as well as protecting our environment. The concept corporate sustainability (CS) has become a management strategy that seeks to use the best business practices to meet and balance the needs of the present and future stakeholders. Present study conceptually reviews sustainability reporting and its benefits for the entities. In this paper an attempt has been made to examine the development in Sustainability Reporting practice by organizations at national and global level. Secondary data from the year 1999 to 2016 have been collected from the published annual reports of the companies and data accessible on GRI Website (up to July 17, 2019) to attain the objectives of the study. The findings disclose that with globalization, Indian companies are increasingly realizing that they have much to lose by not following sustainability reporting but the applicability of GRI reporting in India is yet at embryonic stage.

KEYWORDS: Corporate Responsibility, Sustainability Reporting, Global Reporting Initiative.