iStockESG is the new buzzword at India Inc as companies look to ramp up talent to drive their environmental, social, and governance (ESG) responsibilities.
With Prime Minister Narendra Modi having pledged that the country will reach net-zero emissions by 2070, and stringent policy and regulations driving compliance, reporting, and disclosures, ESG has become a focal point of boardroom discussions, and organisations across industries are looking at strengthening ESG skillsets across their teams.
Companies including Infosys, Marico, Danfoss, Bisleri, and PwC are putting in place various measures like upskilling employees in ESG through external partnerships and internal learning resources, driving awareness among employees on sustainability, and ramping up hiring for ESG-related roles. Earlier this week, the Indian Institute of Management, Ahmedabad (IIMA) and PwC India set up a research and innovation forum as a step towards contributing to India's commitment to the net-zero agenda and upcoming BRSR (Business Responsibility and Sustainability Report) regulations that market regulator Sebi has said 1,000 largest listed companies should report on a mandatory basis from 2022-23.
"ESG along with digital is at the core of all organisational transformation right now," said Sambitosh Mohapatra, partner and leader of ESG at PwC India.
Experts said when ESG is prioritised as part of the business strategy, it helps to attain top-line growth, attract investors, build more trust among customers and stakeholders, and attract better talent.
At PwC India, employees are being trained through courses and certifications to make them subject matter experts in ESG. The focus is on making all 20,000 employees aware of ESG with curated content so that each one is able to create solutions in their specific competencies, Mohapatra said.
With Prime Minister Narendra Modi having pledged that the country will reach net-zero emissions by 2070, and stringent policy and regulations driving compliance, reporting, and disclosures, ESG has become a focal point of boardroom discussions, and organisations across industries are looking at strengthening ESG skillsets across their teams.
Companies including Infosys, Marico, Danfoss, Bisleri, and PwC are putting in place various measures like upskilling employees in ESG through external partnerships and internal learning resources, driving awareness among employees on sustainability, and ramping up hiring for ESG-related roles. Earlier this week, the Indian Institute of Management, Ahmedabad (IIMA) and PwC India set up a research and innovation forum as a step towards contributing to India's commitment to the net-zero agenda and upcoming BRSR (Business Responsibility and Sustainability Report) regulations that market regulator Sebi has said 1,000 largest listed companies should report on a mandatory basis from 2022-23.
"ESG along with digital is at the core of all organisational transformation right now," said Sambitosh Mohapatra, partner and leader of ESG at PwC India.
Experts said when ESG is prioritised as part of the business strategy, it helps to attain top-line growth, attract investors, build more trust among customers and stakeholders, and attract better talent.
At PwC India, employees are being trained through courses and certifications to make them subject matter experts in ESG. The focus is on making all 20,000 employees aware of ESG with curated content so that each one is able to create solutions in their specific competencies, Mohapatra said.
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