In this issue

SUSTAINABILITY has long ceased to be a mere buzz word that embellishes
balance sheets and brands. The concept has penetrated board rooms and
traditional professions like that of chartered accountancy. Chartered
accountants (CAs) for instance, have evolved from book-keepers to gate
keepers of good governance and sustainable business practices.
Our cover feature in this issue focuses on the corporate sector, which
is steadily doing its bit to ensure that India achieve its Net Zero target
by 2070. Several Indian corporate houses have set decarbonisation
targets internally to become carbon neutral by 2050 or before. Ground
reports show roadblocks though, such as the absence of a clear policy and
technical framework and the high costs involved in switching to more
sustainable business practices. India Inc. also needs to reconsider its
supply chain planning, product innovation, and employee training to
achieve its sustainable goals. The BW Businessworld Study on India’s Most
Sustainable Companies (IMSC) undertaken in partnership with Sustain
Labs Paris is an effort to put the subject front and centre.

Happy reading

INDIA NOW TAKES THE HIGH ROAD!

UNION MINISTER of Road Transport and Highways Nitin Gadkari has proudly announced a remarkable achievement in terms of India's road infrastructure.

1 min

Stock Market Supernova

APPLE'S STOCK RALLY, outperforming analysts' expectations with a 49 per cent surge in 2023 alone, indicates a growing recognition of its ability to navigate market challenges and capitalise on opportunities.

1 min

Hope for TB Vaccine

GLOBAL HEALTH philanthropy majors Wellcome and Bill & Melinda Gates Foundation are joining hands to invest $500 million in the Phase 3 trials for what could be the latest Tuberculosis (TB) vaccine in over 100 years.

1 min

What Just Happened?

ON 1 JULY INDIA’S largest private sector bank, the HDFC Bank, which had in any case overtaken the omnipresent public sector State Bank of India (SBI) in terms of business, also became the fourth largest bank in the world in terms of market value.

1 min

The Global Indian

ARE HIGH NET WORTH individuals (HNIs) leaving India for greener pastures abroad? There has in recent years been a pervasive narrative that wealthy Indians are \"fleeing\" India because doing business overseas is easier and less taxing. India is plagued by poor infrastructure, over-regulation, corruption, and social polarisation.

4 mins

PERILS OF POPULIST PROMISES: EVALUATING, ENSURING ACCOUNTABILITY

ELECTIONS HAVE a familiar plot. We are witnessing a spectacle where political parties make grand promises, deliver little. Unrealistic promises, irrational freebies, undeliverable sops have become increasingly prevalent. Unfortunately, they are gaining significant traction.

4 mins

The City Government as an Economic Enabler

IT IS WIDELY ACKNOWLEDGED that technological progress, especially in cities that have now become the centres of development, leads to economic growth over time.

4 mins

"WE INTEND TO PLAY A CATALYSING ROLE IN INDIA'S ENERGY TRANSITION"

IN an exclusive conversation with Arjun Yadav of BW Businessworld, Vivek Kumar Dewangan, CMD, REC shares the Maharatna PSU's vision to increase financing for green projects and also nonpower sectors such as infrastructure and logistics

5 mins

In Continuous Evolving, Adapting Mode

The role of chartered accountants in India has evolved into a multidimensional one, extending beyond traditional bookkeeping and auditing functions to encompass many more realms

6 mins

'Chartered Accountants Have Always Excelled as Trusted Advisors to Businesses'

Chartered accountants (CAs) are no longer just bookkeepers, but also conscience keepers of a company, ensuring adherence to sustainability and good governance. Institute of Chartered Accountants of India (ICAI) President Aniket S. Talati discusses the evolving role of CAs with Bhupendra Paintola of BW Businessworld

5 mins

DECODING THE FINANCIAL IMPLICATIONS OF GROWTH

ESG, young entrepreneurs, startups, regulations and new sectors are all areas of growth but understanding these in financial terms is key for the long-term, says CA S. Ravi, the promoter and managing partner of Ravi Rajan & Co.

5 mins

"At Par With the Best in the World"

Citing his recent appointment to the Institute of Chartered Accountants in England and Wales, Vishesh C. Chandiok, CEO, Grant Thornton Bharat describes it as an instance of Indian CAs breaking the glass ceiling

4 mins

Drivers of Sustainability

Chartered accountants have a vital role to play in promoting environmental and social responsibility in their organisations

2 mins

Sustainability & Converging Digital Tech will Drive the Future of CAs

RECENTLY IN LONDON some of us witnessed history being created. The first two Sustainability Standards S1 and S2 were unveiled to the world.

1 min

"LAW IS ALL ABOUT UNDERSTANDING MAN AND MATTER"

In an exclusive interview with BW Businessworld's ROHITCHINTAPALI, Karnataka's newly appointed Advocate General SHASHI KIRAN SHETTY speaks about representing a state, the hijab ban, same-sex marriage and much more. Excerpts

5 mins

"Sustainability remains at the heart of Tetra Pak's strategy"

In an exclusive interaction, Cassio Simões, Managing Director, Tetra Pak South Asia, talks about how conversations are moving from 'more efficient', to 'more efficient and sustainable'

3 mins

SIGNIFICANCE OF ESG: Overcoming Criticisms & Misunderstandings

IN RECENT YEARS, Environmental, Social, and Governance (ESG) investing has gained significant traction as investors increasingly recognise the importance of sustainable and responsible investment practices. However, despite its growing popularity, ESG continues to face criticisms and misunderstandings, particularly among fund managers in a few developed countries.

3 mins

Teaching Sustainability in Schools

OVER THE LAST six months I have written several columns, for this hugely influential magazine, on the overarching theme of ‘sustainability’. Under this broad framework, I have discussed climate change, water scarcity, waste management, deforestation, air pollution, urban flooding, challenge of plastics, responsibility of factories and food security. I plan to continue on the theme for several forthcoming issues to discuss other major contributors but, for now, I want to pause and look at the importance of ‘teaching sustainability’.

5 mins

HEALTHCARE'S RISING CARBON FOOTPRINT

According toa 2019 report by Health Care Without Harm HCWH), the global healthcare sector’s climate footprintis equivalent to 4.4 per cent of global net emissions, contributing around 2 gigatonnes of carbon dioxide into the environment

3 mins

Substitute Human Arrogance With Submission To Nature

Bhupender Yadav, Union Minister for Environment, Forest and Climate Change, Labour Employment on sustainability, human interactions with nature, and more

2 mins

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BW Businessworld is a fortnightly magazine that has been published since 1975. It is one of the most popular business magazines in India, and it is known for its in-depth reporting and analysis of the Indian business world. It also features interviews with leading business leaders and entrepreneurs. It's a guide to the ever-changing business landscape.

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