Years of exploitation of resources has brought the world to the brink of disaster and ESG stands as a sentinel to guard against any further exploitation of our environment, human resources and to put sustainable governance standards in place.
As a way to promote and contribute towards corporate ESG alignment, Dhir & Dhir Associates released the Indian and Global versions of the ESG Almanac. It is a first of its kind proprietary tool developed by the firm and constitutes a set of sample framework for businesses to interpret and ascertain a definite annual agenda in line with the ESG journey.
One of the major USPs of the Almanacs is its emphasis on the importance of having a designated framework for all businesses irrespective of the type of industry or sector. Each month has a different set of actionables, which can be further narrowed down and customized as per relevant company requirements.
Roll Over & Click the Almanac to Get Your Complimentary Access to the respective Version.
The present version of the ESG Almanac – India runs from April 2023 to March 2024.
The present version of the ESG Almanac – Global runs from January 2023 to December 2023.
*Please note, the above ESG Almanacs – India and Global would need expert customization as per the respective country laws, industry, choice of ESG performance standards and the maturity cycle of ESG in the organization.
Key Discussions
There are a number of global initiatives undertaken to achieve goals for a sustainable & inclusive future, combat climate crisis and effectively address social issues. Furthermore, there are a numerous global standards and recommendations specially put together to serve as an accountable and transparent common ground for companies to analyse and report their sustainability impacts in a consistent and credible way. Some of the initiatives/standards include Sustainable Development Goals (SGDs), Global Reporting Initiative (GRI), International Financial Corporation (IFC), Sustainable Finance Disclosure Regulation (SFDR) and so on.
The release of the Almanacs is very timely as the SEBI replaced the existing Business Responsibilities Reporting mechanism (BRR) with the Business Responsibility and Sustainable Reporting (BRSR) mechanism through SEBI Circular of 10th May 2021 on the said subject. The revised framework is expected to bring to the forefront more transparency and accountability, especially in line with different ESG parameters, which not just the Indian authorities but also global leaders undertake as crucial and essential elements to be administered by companies in today’s day and age.
Currently, foreign capital places major emphasis on assessing the alignment of ESG parameters by the investee companies. The rise in such specific assessments and disclosures has made ESG a crucial part of the impact investment process, whereby ESG is not merely a compliance requirement but it is the new way of doing business. In this background, our Almanacs will act as a beacon for navigating the increasing complex compliance requirements for the corporate to follow and address their concerns.
In case of any queries or further assistance please feel free to get in touch with The ESG Advisory Desk at Dhir & Dhir Associates. You can contact Sonal Verma, Partner – ESG Advisory, Dhir & Dhir Associates, sonal.verma@dhirassociates.com or reach out to him at +91 9987367094