Sustainability & Corporate Responsibility
The normal rules of business don’t stop when it comes to sustainability and corporate responsibility. As the organizations grow the focus apart from being profit also shifts towards people and planet. This has resulted in companies adopting various sustainability initiatives and thus the reporting for the same. The reporting helps market participants to identify and assess sustainability related risks and opportunities. That’s why we make sure that your strategy, operations and customer value proposition don’t simply address sustainability concerns but maximize the opportunities they present. Some of our key focus areas:
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Extended producer’s responsibility (EPR Plastic Waste & E- waste)
- EPR is the commitment made by a producer to facilitate a reverse collection mechanism and recycling of end of life, post-consumer waste. The objective is to circle it back into the system to recover resources embedded in the waste. To this end, a company needs to devise a strategy to add all of the environmental costs associated with a product throughout the product life cycle to the market price of that product. The EPR has gained considerable significance in recent years under various government policies under Plastic Waste. Management Rules, 2016, E-waste (Management) Rule, 2016 and Hazardous Waste (Management, Handling and Transboundary Movement) Rules, 2008.
Business Responsibility and Sustainability Reporting
- is a disclosure of adoption of responsible business practices by a listed company to all its stakeholders. At a time and age when enterprises are increasingly seen as critical components of the social system, they are accountable not merely to their shareholders from a revenue and profitability perspective but also to the larger society which is also its stakeholder.
Corporate Social Responsibility (CSR)
- is a company’s commitment to manage the social, environmental and economic effects of its operations responsibly and in line with public expectations. The new rules in Section 135 of India’s Companies Act make it mandatory for companies of a certain turnover and profitability to spend certain percent of their average net profit on CSR.
ESG Reporting
ESG reporting is the disclosure of data explaining a business’s impact and added value in three areas: environment, social and corporate governance. Just as a company would produce financial reports, ESG or sustainability reports provide a summary of quantitative and qualitative disclosures supported by analysis of performance across these ESG factors.