Stuart Hart and Vipul Arora, delve into the concept of a global 'Polycrisis,' tracing its roots to historical corporate structures. In their insightful analysis, they propose embedding Sustainability and ESG principles as the transformative solution.
Amadeus's report reveals a promising shift in the Indian travel industry, with 58 per cent of companies intending to bolster ESG investments in 2024. Technology emerges as a crucial enabler for sustainability, but challenges persist.
As the world's third-largest emitter, India's shift could have significant global impact. The report coincides with India's expected rise to become the world's third-largest economy by 2032, up from the fifth position today.
In a rapidly changing world, Prof. Stuart Hart and Vipul Arora highlight the urgent need for businesses to go beyond ESG reporting, recognizing the profound impact of climate change and sustainability on the global economy. The article emphasizes the imperative for companies to understand the cause-and-effect relationship between ESG and financial performance, urging leaders to navigate the impending risks and seize opportunities for transformation.
Speaking to ET Energyworld, Pulipaka underscored the necessity of such a council. "To bring about uniformity in energy policies across states and ease the business process, a national-level Electricity Council, on the lines of the GST Council, is essential," he stated.
PwC India's survey reveals a notable gap in tax transparency practices among businesses, despite growing awareness. With 93 per cent of corporate respondents valuing tax incentives for ESG, the report emphasizes the critical need for integration.
As nations converged in Dubai from all over the world, India made its presence felt through the innovative ‘Green Credits Programme’ that Prime Minister Narendra Modi introduced during the Summit. Green Credits offer a fresh and simplified alternative to the conventional carbon market. Governments and companies can effortlessly offset their greenhouse gas (GHG) emissions with these credits, obtained from entities actively supporting the environmental objectives.
Sarika Gosain, Partner at Mazars in India, explores the transformative role of auditors in ESG integration, navigating challenges, and promoting sustainable business practices in India's evolving landscape.
The president of COP28 had consistently stressed his intention to supercharge climate action. Even as it signals progress, the UAE Consensus hass loopholes that allow oil and gas exporters the space to continue operations, observers said. Countries agreed that "transitional fuels," a euphemism for gas, "can play a role in facilitating the energy transition while ensuring energy security." This free pass for the expansion of gas production is a particular blow, given that the associated methane leakage could make gas "even worse" than coal, an expert said.
Under the EU’s Carbon Border Adjustment Mechanism (CBAM), non-EU steel producers are required to report direct and indirect emissions. The monitoring of such products began October 1.
Speaking at the Global Economic Forum 2023 in the National capital, the minister also said “no spectacular announcements are made in the Vote On Account”. The Interim Budget that the government typically presents is just to be able to meet its expenditure until a new government comes in, she added. The event was organised by the Department of Economic Affairs with industry body CII.
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