This study evaluates the ESG disclosures of the top 500 Indian companies. Effective audits identify threats, baseline risk issues, measure risk incidents, and improve the risk management framework. The study reveals that the industry performance is admirable in meeting SEBI listing norms. However, outside the mandatory audit requirements, the industry fails to proactively adopt external certification or audits. Audits can go far beyond financial numbers, and given the importance of ESG risk assessment and disclosures, companies should extend audits to other key social and environmental risks as well.