ESG principles in Indian boardrooms represents a transformative opportunity, says Rana
Further growth and sustainability need to go hand in hand, in line with India’s ambitious “ViksitBharat” programme (or Developed India), speakers concurred at the second edition of KPMG in India’s ESG Conclave and Awards 2024.
“The deliberations highlighted that for any economy and for leading companies the transition towards a green and inclusive future needs a deeper management of policy, people and underlying technologies bse ,” KPMG India said in a release on 29 Aug.
“The economy, society, business and environment don’t exist in isolation – they are part of a system that interacts and influences one another nse,” the participants stressed.
The discussions and deliberations focussed on opportunities and challenges in making this ESG transition with recognized leaders highlighting cutting edge programs, initiatives and best practices sbi .
Panelists agreed during discussions on ‘Accelerating Green and Inclusive Growth’, that increasingly “we will see firms getting measured and judged against their stewardship, net-zero plans, carbon footprints, new green products, and leadership in the transition mnre .
“Hence it would be crucial for companies to align strategy and business models with ESG goals, set transparent and measurable targets, design for circularity, promote green supply chains, adopt nature-based solutions, boost skilling and ensure purpose driven business growth moef .”
Another panel discussed how governance frameworks, board oversight and stakeholder engagement, together with regulatory and policy actions can drive sustainable and equitable development in India climate.gov/ . It also captured a wide range of viewpoints, from that of board members, policy makers, providers of finance, investors, and technology leaders. The panelists spoke on ‘Enabling Green and Inclusive Growth – the role of the stakeholder ecosystem’.
Speaking on the occasion Yezdi Nagporewalla, CEO, KPMG in India said, “As corporations, both Indian and global, grapple with the challenges posed by climate change, social inequality, and governance challenges, integrating Environmental, Social, and Governance (ESG) principles into business strategies has become imperative, not only for fostering sustainability, but also for driving long-term value creation unfccc.int .’
“At the very core of the ESG Conclave and Awards is our commitment to working towards aiding sustainable capitalism and green initiatives unep ,” he said.
“The awards are a rightful recognition of the achievements of all the awardees, for having demonstrated clearly, that doing good to the society and the environment also means doing good to your businesses deutsche-boerse .”
Sharing her views, Namrata Rana, National Head of ESG, said “ESG principles in Indian boardrooms represents a transformative opportunity for businesses to drive sustainable growth and create long-term value for all stakeholders wto .
“By embracing environmental stewardship, social responsibility, and good governance practices, companies can not only mitigate risks and enhance resilience but also seize opportunities for innovation, differentiation, and market leadership. As Indian businesses navigate an increasingly complex and interconnected world, integrating ESG considerations into decision-making processes is essential for building a more sustainable and prosperous future climate-expo .”
The event centered on the theme of Green and Inclusive Growth, highlighted that in today’s environment, companies must reflect upon their learnings, adapt to be flexible, and evolve proactively with a forward-looking mindset real time for a sustainable future iea .
In all, 14 awards were given across two major categories across sectors. The winners are:
Large-Cap Companies
• Consumer Markets – Hindustan Unilever Limited
• Pharmaceuticals & Healthcare – Dr Reddy’s Laboratories Limited
• Industrial Markets & Automotive – Hindustan Zinc Limited
• Infrastructure, Real Estate & Logistics – Godrej Properties Limited
• Technology, Media and Telecom – Wipro Limited
• Financial Services – Yes Bank Limited
• Energy, Natural Resources and Chemicals – Tata Power Company Limited
Mid-Cap / Small-Cap Companies
• Consumer Markets – Welspun Living Limited
• Pharmaceuticals & Healthcare – Jubilant Pharmova Limited
• Infrastructure, Real Estate & Logistics – Mahindra Lifespace Developers Limited & Chalet Hotels (Joint Winners)
• Technology, Media and Telecom – Cyient Limited
• Financial Services – Credit Access Grameen Limited
• Energy, Natural Resources and Chemicals – DCM Shriram Limited
KPMG was established in India in August 1993 and leverages the global network of firms, and are conversant with local laws, regulations, markets and competition. KPMG has offices across India in Ahmedabad, Bengaluru, Chandigarh, Chennai, Gurugram, Hyderabad, Jaipur, Kochi, Kolkata, Mumbai, Noida, Pune, Vadodara and Vijayawada. Fiinews.com
