ESG Summit - Financing India’s sustainable growth #Day1
Channel: FICCI India
Date: 2022-03-09

As world leaders commit to improving environmental, social and governance standards over the next decade; corporates are incorporating ESG principles into their mission and values, endeavoring to fully integrate it into the strategy and operations of their companies. Discussion on adherence to ESG parameters is taking centre-stage and the pace of ESG adoption has accelerated.     
     
India has set its own aspirational targets as a commitment to the Paris Agreement. In order to meet India’s sustainability targets for 2030, it is estimated that our sustainable funding requirements would cross $ 2 trillion by 2030. This calls for new ways to consider financing and investing in ESG initiatives. The setting up of the Government of India’s Task Force on Sustainable Finance is a significant milestone and would be extremely helpful in developing a Sustainable Finance framework for India. Further, SEBI’s new mandatory disclosure regime, Business Responsibility and Sustainability Reporting will strengthen ESG reporting and compliance over time and is a huge step towards standardized disclosures on ESG parameters. Against this backdrop, it is only a matter of time before ESG considerations become the threshold for investing.    
     
Building on this momentum, FICCI is organising ESG Summit on March 9-10, 2022 (virtual). The theme for this year’s Summit is ‘Financing India’s sustainable growth’.