ESG ACCOUNTING
Indian law firm SNG & Partners collaborates with Singapore-based ESG firm Snowkap
Mumbai-headquartered law firm SNG & Partners has partnered with Snowkap, a Singapore-based ESG firm, to support global organizations in their sustainability journey. Led by chairman Rajesh Gupta, SNG & Partners has analyzed over 4,000 ESG data points from Indian laws, integrating with Snowkap's capabilities. Co-founders Rajesh Patel and Giri Krishnaswamy highlight the transformative impact of this alliance on reshaping ESG commitments.
ESG consultancies and services on the rise as companies rush to get sustainability tag
Emerging consultancies and ESG services companies have a lot of opportunities but struggle due to lack of awareness and data.
Green flavour not enticing enough for bond investors
Green bonds in India face challenges due to the absence of financial institutions focusing on green financing and investors enthusiastic about environment protection. Follow-up issuances have dried up a year after the first government green bond sale.
Know Your Fund Manager | Sanjay Chawla, CIO – Equity, Baroda BNP Paribas Mutual Fund
"I am directly managing some of the flagship and strategic products. All the funds are sector-agnostic and across market cap. These include Balanced Advantage Fund, Flexi cap Fund, Large & Midcap Fund and Focused Fund. This accounts for close to 1/3rd of the fund’s AUM"
ET Mutual Funds Explains: How STPs can maximise your portfolio return?
STP facility staggers the investment over a period of time and also helps maintain a balance of risk and return. The first scheme that is considered for lumpsum investment is called source scheme and the scheme to which the amount is transferred is called destination scheme.
ESG fund managers in US see worst quarterly outflows
Client withdrawals from US funds targeting environmental, social and governance goals reached $8.8 billion in the first three months of 2024, according to fresh data compiled by Morningstar. . That stood in stark contrast to the roughly $11 billion of inflows into ESG funds in Europe, where sustainable investing regulations are far more entrenched.
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Amid green push, professionals rush to arm themselves with ESG skills
Edtech firms seeing strong demand for courses related to ESG reporting, climate technology, carbon accounting, lifecycle analyses
ESG goals transitioned from mere discussions to essential elements in corporate landscape: Alok Verma, Ashok Leyland
ESG is impacting the business strategy of OEMs in multiple ways from demonstrating product stewardship on alternative fuels or battery electric vehicles to adopting better practices across operations.
ESG consulting startup Uniqus raises $10 million in funding led by Nexus VP
Uniqus Consultech raised $10M Series B funding, expanding to 8 cities with 350 professionals. Funding to enhance services, enter new markets, and invest in technology. ESG market growth drives firms towards sustainability and governance focus for client value.
Everyone wants to board India's growing ESG compliance gravy train
Since FY20, the top 1,000 companies had to disclose their ESG performance under the business responsibility report. From FY23, this report turned into the more comprehensive Business Responsibility and Sustainability Report (BRSR) that requires disclosure of nearly 1,600 data points across different aspects of ESG.
The governance challenge: Focus on ‘G’ factor in ESG to be critical for MSMEs, says Acuité’s Sankar Chakraborti
To help MSMEs achieve better ESG ratings and secure cost-effective lending, financial transparency is critical for MSMEs, says Sankar Chakraborti, Chairman of ESGRisk.ai and Group CEO of Acuité Ratings.
As sustainability becomes prominent, demand for green leadership skills rises
Climate change is driving the development of leadership roles in the green industry. The demand for renewable energy professionals, especially at CXO levels, is increasing. R&D and technology leaders in battery and storage systems, digitalization in renewables, and data analytics are in high demand. The manufacturing of green hydrogen and ammonia is a growing focus.
What Budget 2024 may credit in account for banking of the future
Interim Budget: The upcoming budget will be an interim budget rather than a full annual budget. The budget becomes a strategic pause that allows stakeholders to reassess and prepare for the unfolding landscape. Financial service providers are establishing 'Digital Banking' committees to assess and improve digital inclusion. Regulatory and tax relaxations are being considered to protect against fraud, ensure data privacy, and encourage digital innovation. The International Financial Services Centre (IFSC) at Gujarat International Finance Tec-City (GIFT City) is an example of India's ambitions to become a global financial leader.
To achieve net zero, companies must learn climate science: Jaideep Prabhu, Judge Business School
In the past, there was some deniability over whether water, air or ecosystems were getting polluted by commercial operations — without adequate measurements, businesses could pass the buck. But today, there is much greater traceability.
Forget a career in tech. It is raining jobs in climate as companies navigate a new business environment
You no longer have to be an activist to work for the environment. Industries are eagerly hiring such people to meet their commercial, social and compliance objectives.
Property developers prioritize green developments
To deal with the extreme climate change builders are focussing on conserving water by recycling it and using it for flushing and landscape, harvesting rainwater, radiation free building structures, green materials, and recycling organic waste and segregating waste on the development so that the amount of waste sent to the landfill is only 20 % of the standard amongst others.
DBS India's ESG push taps collaborative finance
Providing an insight into DBS Bank India's renewable thrust into financing for the small and medium enterprises sector, Rajat Verma, head of institutional banking, DBS Bank India, cited the need for suppliers to benefit from this type of financing. He also stressed on the focus areas for the lender.
India has an enviable place in global ESG disclosure list
As SEBI maintains an aggressive stance on ESG reporting, India is placed comparatively higher than other leading global economies on this front.
9 reasons why ESG investing is getting popular
ESG is an acronym for Environmental, Social, and Governance (ESG) that socially conscious investors use to select investments. ESG norms provide a more focussed ideology and specific framework that ensures expected returns.
Earth Forward Dialogues continue: ESG visionaries explore discussions on sustainable strategies at Candor TechSpace Sector 48, Gurugram
Embarking on an ESG journey that resonates with the mission of Earth Forward, Brookfield Properties is at the forefront of pioneering sustainability across diverse sectors. Their unwavering commitment to fostering best environmental practices mirrors the global impact envisioned by the Earth Forward initiative.
ESG: Why companies need to change their perception and approach towards sustainability
According to the updated definition in the International Sustainability Standards Board (ISSB), sustainability is 'the ability of a company to sustainably maintain resources and relationships with and manage its dependencies and impacts within its whole business ecosystem over the short, medium and long term'.
View: Green and just transition goes beyond ESG
Private investors and financiers need to understand that investing in a cleaner and greener planet cannot be about checking boxes. Climate equity and equality can only come through a radical reimagining of the status quo, in that quality of investments matter as much as quantity.
Diageo India unveils 2023 ESG Reporting Index highlighting progress across Society 2030 goals
The Reporting Index is developed in accordance with the ‘Comprehensive’ level of the globally acclaimed GRI Standards (2021).
JPMorgan says ‘trailblazing’ rules to boost India’s ESG market
India's new rules for environmental, social, and governance (ESG) investments and ratings are expected to attract more investors and serve as a model for other countries, according to JPMorgan Chase & Co. India is one of the first countries to regulate ESG rating providers, and its minimum investment requirements based on stated strategies are considered high. The country's regulations require at least 80% of total fund assets to be invested in equity and equity-related instruments that align with the stated strategy, making it the highest benchmark in Asia.
Sitharaman asks CAs to work on ESG, carbon accounting expertise
India’s finance minister, Nirmala Sitharaman, has urged chartered accountants to expand their expertise into new and growing areas of auditing, including environmental, social and governance (ESG) and carbon accounting. She said the potential Free Trade Agreement between India and the UK, currently being negotiated by the commerce ministry, could benefit Indian accountants who leverage it well.
Finance minister Nirmala Sitharaman calls on auditors to develop expertise in new areas like ESG, carbon accounting
Addressing an event of the Institute of Chartered Accountants of India (ICAI) in Bhubaneswar, the minister said fast adoption of technology by these professionals will come in handy in such efforts. Developing expertise in new areas will help not just their clients but also the broader ecosystem, she added.
If numbers don’t scare you, consider these emerging roles in finance
Apart from the traditional career options of accountant, banker, financial advisor etc., emerging finance careers are gaining attention. Financial forensics, quants, green and impact investing, ESG accounting and fintech innovation are some of the new career options in finance. A financial forensics expert works like a detective to uncover any numbers manipulation or mistakes. Quants find patterns in financial data to predict market cycles and performance.
Rupee trading soon, ESG group for textiles, handicraft ecomm portal launched: Piyush Goyal
Commerce and industry minister Piyush Goyal also said that the government is setting up an Environmental, social and governance (ESG) group- comprising industry and government officials- for the textiles sector, as it aims $100 billion exports and $250 billion value of production by 2030, and launched an e-commerce portal on handloom and handicraft products, which would be integrated with the Open Network for Digital Commerce (ONDC).
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