4th Nov 2022
In recent times ESG considerations have become the number one on an organization’s risk register, traditionally associated with sustainability or corporate responsibility. What could be the reasons why they are suddenly so Relevant and Critical?
Environmental, Social and Governance (ESG) is the term used to identify matters traditionally associated with sustainability or corporate responsibility – focusing on the impact on the environment and broader society.
Companies, regulators, investors and other stakeholders are increasingly focusing on these in response to the climate crisis and increasing urgency around diversity, inclusion and equality.
Stakeholders are increasingly evaluating companies beyond short-term profits, emphasizing ESG factors that potentially impact organizations’ short- and long-term value. So are increasingly crucial as companies emphasize equitable and inclusive long-term value creation.
Egypt is hosting the UN Climate Summit COP 27 from November 6 to November 18, 2022, in Sharm El Sheikh, with financing for climate change mitigation and adaptation high on the agenda.
According to the International Monetary (IMF) Fund, the investor appetite for sustainable finance incorporating ESG principles has mainly concentrated in advanced economies, but emerging markets reported a surge last year.
ESG investments now makeup about 18 per cent of foreign financing for emerging markets, excluding China, quadruple the average for recent years, the IMF said.
When discussing ESG, we consider how institutions use these three factors to evaluate their impact.
India has introduced new environment, social, and governance (ESG) reporting requirements for the top 1,000 listed companies by market capitalization. The Securities and Exchange Board of India (SEBI) stipulates that the disclosure must be made through a new format, namely the Business Responsibility and Sustainability Report (BRSR). BRSR reporting has been voluntary for FY 2021-22 but will be mandatory from FY 2022-23.
In 2020, SEBI mandated Business and Responsibility Reporting as voluntary till 2022 and compulsory from 2023 for the top 1,000 listed companies in the market.
Why is the Buzz around ESG?
The inspiration comes from paradigm-shifting by Investors to look at the non-financial indicators the same as financial parameters. This is the Key inspiration for CEOs looking towards ESG, as it can attract capital when infused with business strategy. BRSR (Business Reporting and Sustainable Reporting) is mandatory for the top 1000 companies in market capitalization by 2022-23. BRSR aims to gauge Companies’ performance by measuring ESG parameters by asking companies 150 questions across nine fundamental principles.
Circularity, where one industry’s waste can be used as raw material for another, is a massive opportunity that the principles of ESG can further fuel. Another major ESG issue in the fashion industry is transparency. Grasim has applied Blockchain technology for end-to-end traceability since transparency has become an essential part of ESG today. Like Grasim, Welspun has become one of the first home textile manufacturers to use a Blockchain and AI-based traceability platform at such a large scale, which is set to capture all its product lines as major Sustainability-related data points. These include ESG metrics such as water usage, fair pay, power consumption, and gender equality.
Sustainability reporting presents an excellent opportunity to accelerate a business’s ESG evolution, becoming more resilient to climate change and less reliant on fossil fuels and other finite resources. By measuring and reporting ESG risks, companies show shareholders and other stakeholders that they can manage these risks better and deliver more excellent long-term value, thus enhancing their operating licenses.
Net zero touches every part of a business. Decarbonization plans must, therefore, acknowledge the enormous impact on the entire value chain, including R&D, product design, manufacturing and operations, as well as key relationships with suppliers, distributors, logistics providers, retailers, and other business partners.
India has pledged to cut its emissions to Net-Zero by 2070 at the COP26 Summit in Glasgow. However, achieving this target could be a tough grind for India as its energy demand is expected to rise sharply over the next decade as the economy continues on its growth trajectory.
Global efforts to slow climate change are promising but insufficient. Climate resilience saves lives, reduces poverty, addresses underlying inequalities and delivers economic returns.
Building climate resilience without climate adaptation and climate action is not possible. Accelerating climate adaptation equals making climate risks factoring, making those risks visible, responding to business decisions and government, supporting locally-led transformation and mobilizing finance for climate-resilient solutions.
TRST01 works to build resilience by advancing critical adaptation initiatives through digital transformation and making them available for Global consumption.
TRST01 is fully engaged in Business Responsibility and Sustainability Report (BRSR) making by Consulting, Digitising, Framing and Reporting as per SEBI guidelines.
OECD*, finding on use cases on Blockchain Technologies as a Digital Enabler for Sustainable Infrastructure highlights four major blockchain use cases.
*OECD(The Organisation for Economic Co-operation and Development is an intergovernmental economic organization with 38 member countries, founded in 1961 to stimulate economic progress and world trade)
TRST01 uses its Sustainability Expertise and Digitalization Techniques to prepare BRSR and GRI standards linkage.
Nowadays, many discussions are going on Climate resilience which can anticipate, prepare for, and respond to hazardous events, trends, or disturbances related to climate.
TRST01 Climate Action and Carbon Credits deal with climate resilience by reducing exposure and vulnerability to climate hazards, cutting back greenhouse gas emissions and conserving biodiversity as a priority in decision-making and policies on all aspects of society, including energy, industry, health, water, food, etc.
Happy to announce as TRST01 is fully power-packed with tackling environmental challenges, climate change, and economic development. Given that existing data is fragmented and may be unaligned with climate objectives, a blockchain-enabled platform would provide the digital backbone needed to support data transparency for sustainable infrastructure development. The process also enables automated compliance checks, data standardization, and integration with other digital technologies like AI, IoT and Satellite Imagery.
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Sailaja is a successful entrepreneur who believes in her passion and dedication. She has a master in business management from Herriot Watt University. She worked as a CEO for a Pharma chain in Hyderabad, and years later, she pursued her dream for pastry and got a degree in pastry from Le Cordon Bleu College, London. She started and established her patisserie in Hyderabad, getting the tastes from Global travel, infused her finesse to products taking her brand a notch higher.
Krishna Vallapu is a technology evangelist and Entrepreneur, graduated from Nagarujuna University and trained in IIM, Ahmedabad. Proven track record in building futuristic products, surpassing goals, and expectations for quality. Superior expertise with developer supervision and client relations. Out of box thinker who thrives in collaborative environments, working across business and technical teams.
Inder has an MBA in Finance in India. Utilizing his Finance background he rose through the ranks in the banking sector in the US and then after receiving his MS in Healthcare Services Administration he started his career in healthcare at the Tufts Medical Center, Boston.
Inder’s growing understanding of the expanding role of technology in healthcare caught the attention of the bureacracy and was invited to work on the Patient Privacy and Electronic Records Committee for the State of Massachusetts and later on at the State of Georgia Department of Health and Human Services. These were in the years immediately preceding the development and roll-out of Health Insurance Portability and Accountability Act (HIPAA).
Sensing a rise in ERP movement, Inder joined a software company and worked on managing ERP solutions projects in the manufacturing sector where his clients included the Coca Cola Company, Sara Lee, International Paper, Siemens (Canada) etc .
In 2008 he came to India with the aim of realizing his cherished dream of working in India. He served as the CEO of a EMR software company, and later on led the Digital Transformation at several hospital groups as a group CIO and Vice President. Inder has to his credit, several published articles in national and international healthcare technology management and as an invited speaker at various private and government conferences. He has also been cited in several articles and studies including one at the National Library of Medicine in the USA.
In his spare time Inder indulges in travel and reading.
A versatile and passionate leader with 20+ years of expertise in IT Business & Product Strategy, Market Access & Distribution models and Talent Acquisition. Seasoned Investor. Founded multiple successful businesses & Angel Networks.
An IIM – K alumnus, before embarking on his successful multi sector entrepreneurship journey, Puru served various Fortune 500 companies in Senior Leadership roles. His last corporate stint was with Bank of America.
Suraj is an entrepreneur, with more than 2 decades of experience in creating various successful enterprises, a seasoned investor funded multiple startups, specialize in creating healthcare delivery infrastructure, board member and strategic advisor, skilled in Healthcare, Telecom, IT Strategy and Market outreach.
A Technology Leader and Entrepreneur with a proven track record of building and managing innovative solutions in digital content delivery. Demonstrated history of delivering strategic solutions in Cable, Media & Entertainment industries. Expertise in building interactive ad solutions, advertising platforms, Live Streaming(QAM, OTT, PPV), subscription-based Video (SVOD, AVOD, TVOD) services, Cloud DVR, and Broadband/WiFi services at scale across a multitude of infrastructure options(On-Prem, Hybrid Cloud, Cloud Native, Cloud Agnostic). A strong business development professional and an entrepreneur at heart with a Master of Technology focused in Computer Science from Birla Institute of Technology.
An Investment Banker, Startup coach, Mentor, Strategic planner. Sector expertise Social, Agritech, Edutech, Healthcare, eGov Strategic Planner, M&A, Transaction Structuring, negotiations and valuation, An IIM-A Alumni with more than two decades of experience.