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The recently concluded 26th UN Climate Change Conference of Parties (COP26) reinforced and elevated the world’s commitment to a 1.5 degree target. India made a net-zero commitment by 2070. These developments will demand greater co-operation and commitment from corporations to work towards a cleaner and greener world.
Globally Environmental, Social, and Governance (ESG) concerns and discussions thereon have become all pervasive. An investment in ESG is seen as an investment in humanity and a way to build a better future for our future generations. Corporations that weave ESG impact deeper into their culture and way of life are very likely to experience higher growth, strong brand reputation, enhanced customer engagement, stronger stakeholder trust and also effective employee recruitment and retention.
It is therefore not surprising that as custodians, of long-term enterprise value, the boards have started paying more attention to ESG and determining related impact on companies. By 2022-23, the top 1000 listed Indian companies by market capitalization will be mandated to disclose vital ESG information as part of the Business Responsibility and Sustainability Report (BRSR) format introduced by SEBI.
Given this backdrop, CII Western Region under the aegis of the CII Western Region Sub-committees on ESG and Sustainability is organising a 3-part roundtable series on ‘Role of Board in ESG Implementation’. These interactive sessions aim to enable focussed interactions among senior board members of eminent Indian companies with an intent to learn best practices.
The first roundtable on “ESG: How Boards can Make A Difference” is scheduled for 13th December 2021 from 1800-1915 hrs.
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