Why ESG is the Latest Buzz Word
Why ESG is the Latest Buzz Word
05 March 2023
Prabir Mishra
Environmental, social, and governance (ESG) factors are increasingly relevant to businesses worldwide. Companies are now evaluated on their financial performance and impact on the environment, society, and corporate governance. The ESG buzz is gaining momentum in India and worldwide, with businesses looking to incorporate ESG factors into their operations to improve their sustainability and reputation.
Decentralized technology drives the show in the ESG space by providing a transparent and secure way of recording and sharing ESG data. Owing to its inherent nature that makes decentralized tech tamper and fraud-proof, it is critical in the ESG space, where data accuracy and integrity are paramount. It also allows for the creation of peer-to-peer networks, which enables data to be shared directly between stakeholders without intermediaries.
TRST01 is creating a difference in the ESG space with its product Footprint, an ESG reporting tool that uses decentralized technology to enable businesses to collect, store, and share ESG data securely and transparently. The tool allows companies to track their ESG performance in real time, enabling them to identify areas for improvement and take corrective action.
Footprint also enables businesses to share their ESG data with stakeholders, including investors, regulators, and customers. By sharing ESG data, companies can improve their reputation and build trust with stakeholders, leading to increased investment and customer loyalty.
In India, ESG is more relevant than ever before. The Securities and Exchange Board of India (SEBI) has made it mandatory for the top 1,000 listed companies to disclose their ESG performance. This move by SEBI has spotlighted ESG factors and is encouraging businesses to take a more proactive approach towards sustainability.
In the international arena, ESG investing has become increasingly popular. ESG investments are investments made in companies that score well on ESG criteria, positively impacting the environment, society, and governance. ESG investing has gained momentum in recent years, with assets under management in ESG funds surpassing $1 trillion in 2020.
The ESG buzz is also gaining traction in the banking sector. Banks are increasingly looking to incorporate ESG factors into their lending decisions, and banks are now evaluating the ESG performance of borrowers before deciding to lend to them. This move towards ESG lending encourages businesses to improve their ESG performance to secure funding.
Be it for regulatory compliance or self-motivation to impact their business triple, bottom line positively, ESG is here to stay. Businesses that embrace ESG factors are likely to reap the rewards of improved sustainability and reputation.
- ESG Beyond the Reports March 21, 2024
- The Kenko Eggs A Case Study February 18, 2024
- New Frontier : Carbon Broader Adjustment Mechanism (CBAM) January 27, 2024
- Sustainable Transformation Future ESG Management January 21, 2024
- EUDR Compliance in Indian Trade January 7, 2024
- The Indian Coffee Story : Brewing Harmony December 16, 2023
- The Rubber Story : Between Growth and Sustainability December 10, 2023
- The 4R Strategy : Roadmap to Sustainable Growth December 3, 2023
- Sustainable Indian Coffee: A EUDR Perspective November 10, 2023
- Climate Tech and SDGs: Unlocking Potential October 21, 2023
- ESG Scorecards : TRST01’s Vision October 11, 2023
- The Imperative of Carbon Accounting October 8, 2023
- TRST01Chain on International Coffee Day October 1, 2023
- Footprint Lite – Embracing SME September 24, 2023
- Footprint ESG – Embracing Enterprise September 14, 2023
- Empowering Tomorrow: Innovation, Pivoting, and Sustainability at TRST01 August 27, 2023
- TRST01Chain for Scope 3 Reporting August 12, 2023
- Intelligence of AI with Footprint by TRST01 July 23, 2023
- Generation Z’s Impact on Climate Action July 17, 2023
- Assessing Sustainability: ESG Scorecard Model July 8, 2023
- Introducing TRST01Chain June 26, 2023
- QR Codes and Blockchain Technology June 22, 2023
- EUDR and Sustainable Procurement: The Role of TRST01 June 7, 2023
- Footprint by TRST01 : Revolutionising ESG Reporting with AI and Blockchain May 17, 2023
- Sustainability Unleashed: Carbon Footprints, Web3, and ESG in Climate Action April 26, 2023
- The Web3 Revolution in Food & Agriculture Supply Chain Management with TRST01 April 12, 2023
- Supply Chain Sustainability: Leveraging TRST01’s Web3 Framework to Reduce Carbon Footprints April 12, 2023
- Web3 Setting the Stage for Net Zero! April 1, 2023
- Engaging GenZ in the Metaverse to Conserve Forests March 19, 2023
- Here’s Why Data and Climate Action Go Hand in Hand! March 10, 2023