Introduction
ESG is about pursuing responsible and ethical business practices with attention to social and environmental parity along with economic development. ESG is fast becoming synonymous with sustainability. Investors and regulators have also amplified their analysis in evaluating businesses that employ sustainable business practises and the ESG framework.
ESG is a set of standards for a company's operations that socially conscious investors use to choose potential investments. Environmental criteria consider how the operations of a company impact the environment (e.g., emissions or air/water pollution). Social measures examine how it manages relationships with employees, suppliers, customers, and the communities where it operates. Governance deals with a company's leadership, audits, internal controls, and shareholder rights.
In India's corporate ecosystem, there have been two major developments in the context of Sustainability/ESG Framework. The first was Corporate Social Responsibility (CSR) reporting and spending being made mandatory under the Companies Act, 2013. The second is the Securities and Exchange Board of India (SEBI) making the Business Responsibility and Sustainability Report (BRSR) mandatory for the top 1,000 listed companies by market capitalisation.?This is a step forward in widespread adoption of ESG framework in corporate decision-making and business practices.
Environmental, Social, and Governance (ESG) considerations have become increasingly important for the banking sector in recent years. The banking industry has a significant impact on the economy and society, and as a result, banks have a responsibility to manage their operations in a socially responsible and sustainable manner. ESG factors can have a direct impact on a bank's financial performance, reputation, and long-term viability.
Need for an ESG Reporting Framework:
هذه القصة مأخوذة من طبعة July 2023 من BANKING FINANCE.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 8500 مجلة وصحيفة.
بالفعل مشترك ? تسجيل الدخول
هذه القصة مأخوذة من طبعة July 2023 من BANKING FINANCE.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 8500 مجلة وصحيفة.
بالفعل مشترك? تسجيل الدخول
The Future Of Banking: Voice Banking
The Banking industry has undergone a series of transformative changes over the years, driven by technological advancements. One of the most exciting and disruptive innovations in the financial sector is voice Banking.
RBI CIRCULAR
1. Please refer to paragraph 4 of Statement on Developmental and Regulatory Policies issued as a part of the Bi-monthly Monetary Policy Statement for 2024-25 dated April 05, 2024 read with Paragraph 1.10 of the 'Operating Guidelines for Small Finance Banks' dated October 6, 2016.
UNLOCKING SOCIAL IMPACT: THE RISE OF SOCIAL BONDS IN SUSTAINABLE INVESTING
In the context of financial markets, social bonds refer to a specific type of bond issued by governments, municipalities, or organizations to raise capital for projects with social or environmental benefits.
MODERN AND CREATIVE WAYS OF MONEY LAUNDERING: A SNEAK PEEK IN MODUS OPERANDI
Every year, an astonishing $800 billion to $2 trillion circulates through the global economy as laundered money, making up 2-5% of global GDP.
TRANSFORMING FINANCE: UNDERSTANDING THE EVOLUTION OF FINTECH INNOVATION AND REGULATORY FRAMEWORKS
The constantly evolving field of financial technology, or FinTech, has brought about a significant transformation of the world's financial scene.
FINTECHS: ISSUES AND CHALLENGES
Fintech is a combination of two words \"financial\" and \"technology\".
WHY CBDC WHEN WE HAVE UPL..??
The world is rushing to develop Cash 2.0. Globally, central banks are in pursuit of Central Bank Digital Currency (CBDC) projects.
Insolvency's Group Tangle
The Insolvency and Bankruptcy Code (IBC) has been around for nearly seven years, and in these seven years, it has been amended six times. However, it is yet to address a significant concern: group insolvencies.
Why mot retirees don't find refuge in reverse mortgage
It would be the deal of the century, or so Andre-Francois Raffray could have thought. The Frenchman had in December 1965 stuck a deal with 90-year-old Jeanne Calment to pay her 2,500 francs every month until she died.
The rise and rise of mutual funds
It is curious that the cake cutting and champagne popping that accompanied the Nifty's new lifetime high in recent weeks, was not in evidence when the mutual fund industry topped Rs. 50 lakh crore in assets.
