Could you elaborate on what constitutes ESG and how it should be approached beyond environmental considerations?
ESG stands for environmental, social and governance factors. However, people tend to focus excessively on the environmental aspect and overlook the ‘S’ and ‘G’. The social element in India has tremendous potential. For instance, our laws on child labour and women’s rights have substantially improved. Policies like the PoSH Act 2013 (the Sexual Harassment of Women at Workplace - Prevention, Prohibition and Redressal) have triggered greater empowerment and gender neutrality. Similarly, India’s legal mandates on women’s representation in corporate boards are more progressive than many neighbouring countries. The focus should be on telling these success stories, which are not widely known.
This story is from the October 19, 2024 edition of BW Businessworld.
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This story is from the October 19, 2024 edition of BW Businessworld.
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