The Indian ESG (environmental, social and corporate governance) Network, in association with Automotive Skills Development Council (ASDC), hosted its first edition of the Indian ESG conclave at the India Habitat Centre in New Delhi.
The ESG Conclave 2023 served as a call to action for organisations across India to adopt and implement ESG practices for a sustainable future, ASDC said.
The conclave focused on promoting ESG consciousness for the betterment of people, the planet, and profit and aimed to raise awareness and improve understanding of the green economy.
The Indian ESG Network awards were also presented to organisations across different categories, including Best ESG Practice - Large Indian Corporate / MNCs, Best ESG Practice - Indian, Micro, Small & Medium Enterprises (MSME), and ESG Enabler of the Year (Organisation).
The overall objectives of the awards were to inspire firms to include ESG in their core operations, guide ESG reporting, assess ESG performance and growth, and evaluate themselves against the industry as a whole and chosen industry peers. The awards also aimed to assist investors in recognising ESG leaders and laggards in their portfolios, making active investing decisions by peer benchmarking, determining who is leading on a theme, and selecting investments appropriately, a press release from ASDC said.
The Indian ESG Network and ASDC believe that recognising and felicitating organisations for their ESG practices will inspire firms to include ESG into their core operations, assist investors in recognising ESG leaders and laggards in their portfolios, encourage banks to promote greener finance and sustainable business practices, and aid regulators and policymakers in recognising organisations that are making a difference through ESG activities.
Arindam Lahiri, CEO, ASDC, said that the event has provided a platform for industry leaders to come together and discuss the way forward for a green economy.
Raman Kumar Sharma, Senior Advisor, ASDC, noted that the ESG Network aims to unite all ecosystem stakeholders on a common platform.
The automotive industry, together with surrounding villages and communities, is committed to environmental sustainability, which can be achieved through ESG initiatives, he said, adding that the benefits of such efforts would extend to both the environment and human civilisation.
Sharma noted that the training will help achieve a sustainable ecosystem and create a brighter future for future generations.
Vikrant Abrol, Founder, Indian ESG Network, said, “We are delighted to host this year's ESG conclave, which witnessed enthusiastic participation from policymakers, thought leaders, and practitioners.”
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