Updated: November 10, 2022, 01:45 am IST
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The new corporate motto ESG (Environment, So… MoreThe new corporate motto is ESG (Environment, Social and Governance). This is not a new management fad. This is about us going back to basics. We have exploited natural and human resources in the last 150 years. Why did we do this? We did this because of rapid industrialization, high population growth, increasing demand for products etc. Section 166 of the Companies Act 2013 clearly clarified that the directors are bound to protect the environment and ensure good governance. Similarly, SEBI has mandated top 1000 listed companies to be BRSR (Business Responsibility and Sustainability Reporting) compliant from FY23 and will soon become the norm for all companies. Obviously, everyone is asking- hey.. how will these help our company? In this video, our expert Sridhar Ramachandran outlines 5 ways to create value from good ESG practices.