• 1000

India has clearly set its agenda for a sustainable future through its commitment to achieve SDG goals by 2030 and Net Zero by 2070, the resolve is clearly visible through the recent green budget. Similarly, corporate strategy is now closely linked to the priorities on climate change, decarbonisation, ethical supply chain, circular economy, DEI (diversity, equity and inclusion), on a strong foundation of good governance, and supported by robust ESG measurement, reporting and assurance.

In this context – towards enabling greater dialogue and action, KPMG in India is hosting its flagship event – KPMG ESG Conclave and Awards ’23, Powered by The Economic Times.

The theme for this year’s event is Thought|Action|Impact which denotes strategic thought, sustainable action, and stakeholder impact. The conclave will feature thought leaders from the industry and various stakeholder groups and is aimed to facilitate discussion and debate and sharing of views and emerging practices on India’s journey in E, S and G transformation.

ESG
KPMG

The KPMG ESG Conclave and Awards is aimed at the growing focus of ESG with the intent of collectively setting the narrative for holistic ESG transformation in India.

This pioneering initiative will bring together diverse voices representing policymakers, investors, rating agencies, global think tanks, business owners, and business leaders to deliberate on pertinent subject issues, acknowledge best practices adopted by India Inc with regards to ESG., and influence change.

Award categories

Awards would be given separately for Environment, Social and Governance criteria across each of the seven sectors indicated below:

  • Consumer & Retail
  • Industrial Manufacturing & Automotive
  • Financial Services
  • Pharmaceuticals & Healthcare
  • Energy, Natural Resources & Chemicals
  • Infrastructure & Real Estate
  • Technology, Media & Telecom

Methodology

The awards will select Indian corporates based on their performance and achievements in Environment, Social and Governance domains. The winners in each of the categories would be decided on the basis of a meticulous, data-backed and objective selection, and jury process. This will ensure that deserving achievers and winners are brought to the forefront. Datasets from S&P Global Corporate Sustainability Assessment (CSA) will also be leveraged for evaluating the performance of the companies across the various sectors.

The award evaluation methodology involves:

  • Shortlisting based on performance in E, S & G domain across identified sectors based on parameters such as ESG Scores / Ratings, other relevant rankings, public disclosures, and performance data
  • Compilation and review of relevant data points and performance indicators across identified parameters for all short-listed companies
  • Jury evaluation to decide winners basis entities’ performance in the respective domain based on the above compilation of data as well as any additional information sought from the shortlisted companies.
  • Jury evaluation is based on a variety of factors including the policy frameworks, nature of initiatives undertaken, or best practices adopted, performance across key indicators, public disclosure and reporting, independent assurance, and overall impact in the specific domain.
  • The jury follows strict guidelines on confidentiality as well as to provide a fair and impartial evaluation. The jury may decide to not select a winner for a particular sector, or a domain based on their review. The jury's decision will be final and binding.

The curtain raiser was organised on 21 February in New Delhi. Mr. Amarjeet Singh, Executive Director, Securities and Exchange Board of India (SEBI) delivered the keynote address at the event. The curtain raiser was attended by several leaders from industry and other stakeholder groups, and included Aditi Haldar-Global Reporting Initiative; JB Mohapatra- Ex CBDT; Sean Kidney- Climate Bonds Initiative; to name a few. Read further in The Economic Times.


Social media buzz

Leaders speak

  • CEO, KPMG in India


    “As the pace of ESG accelerates the world over, it is time to move from the headlines to developing a roadmap for change across each of the sub-dimensions within Environment, Social and Governance. Through this Conclave, we, at KPMG in India have planned to get some of the best minds together to contribute to India’s ESG journey. The awards aim to recognise organisations who are committed to this agenda and partner with stakeholders across the ESG ecosystem to effect real change.”

    Yezdi Nagporewalla
    CEO
    KPMG in India

  • Partner, KPMG in India


    “Many companies have approached ESG through reporting, while others approach ESG with a strategy and transformation lens. Through better governance, companies should bring greater convergence in strategy and reporting, and also take an integrated view to corporate reporting, rather than the current siloed financial reporting and ESG reporting, while also gearing up for mandatory assurance”

    Sai Venkateshwaran
    Partner
    KPMG in India

  • CEO, Climate Bonds Initiative


    “Some of the big wins in the past few years have been the dropping of renewable energy costs, increasing green finance – about $3.5 trillion of green social sustainable bonds and the opportunity narrative and the transition flowing out of these three wins.”

    Sean Kidney
    Co-Founder and CEO
    Climate Bonds Initiative

  • Independent Director


    “The downstream aspect in relation to Scope III is very important in your product design not just in its ability to reduce the carbon impact directly but how much of it is easily repairable and replaceable so that they have long-term lives, pointed out”

    Nawshir Mirza
    Independent Director

  • ESG Advisory, KPMG in India


    “The biggest challenge lies in Scope 3, which is also where the large MSMEs and the bunch of Agri sector resides. They require support in terms of technology and finance – large corporates along with the government can support them to help them achieve their net zero in Scope 3.”

    Shivananda Shetty
    Partner and Head, ESG Advisory
    KPMG in India

  • Former Chairman, CBDT


    "With tax transparency reporting coming in within the ESG framework, we will have a better and a stronger view of how the tax behaviour of a company whether it is transparently done, whether the approach is right, whether the tax litigation strategy is right and who is taking the call on the final tax strategy, will become very clear.”

    JB Mohapatra
    Former Chairman,
    CBDT

  • Chartered Accountant


    "Few companies have voluntarily embraced Tax Transparency Reporting. This is an opportunity for them to publish in the public domain their tax policy, their tax governance framework, and how they engage with a regulator when they do not agree with certain taxes. This is also an opportunity for corporates to layout the tax contributions they make to the government and effectively to the society.”

    Manoj Pardasani
    Chartered Accountant

  • TANYA SINGHAL, Kmart


    "We can’t think of ESG as CSR. You can put CSR for $100-200 but you can’t put $10 trillion for CSR. That is the code that needs to change. Today, proving renewables being subgrid and saving money is a core value of why it will grow and that’s where you need policy intervention, budget support, and economic analysis.”

    Tanya Singhal
    Founder
    Mynzo Carbon

  • CEO Kmart


    "This award is a great opportunity whereby we can encourage companies, regulators, and governments to see that this is not just technology and capital flow through investors which are important but equally important is life because businesses exist for life”

    Aditi Halder
    Director of South Asia
    Global Reporting Initiative

Expert views

LinkedInLive - The evolving ESG landscape: Getting ready for the requirements of the future. ESG is an evolutionary journey, and companies need to assess where they stand today versus where they aspire to get to, in the medium to long-term, accompanied by a clear roadmap. Our experts discuss!  

-Stine Lise Hattestad Bratsberg, Partner/Head of Strategy and Transformation in EMA ESG Hub, KPMG IN Norway
-Shivananda Shetty, Partner and Practice Lead – ESG, KPMG in India
-Sai Venkateshwaran, Partner, KPMG in India
-Apurba Mitra, Associate Partner, KPMG in India

Focus on long-term, sustainable growth in complex and uncertain times 

Yezdi Nagporewalla
Chief Executive Officer
KPMG in India


How Indian CEOs have started to view ESG’s importance on businesses

Shivananda Shetty
Partner and Practice Lead, ESG Advisory
KPMG in India


ESG reporting in an increasingly volatile world - Relevance and evolution

Sai Venkateshwaran
Partner, Assurance
KPMG in India

Agenda

4:30 PM - Registration
5:00 PM - ESG Conclave
6:30 PM - Awards
7:00 PM - Dinner and Networking

 


Aditi Haldar, Director of South Asia,Global Reporting Initiative (GRI)


Amit Tandon, Founder and Managing Director, Institutional Investor Advisory Services (IiAS)


Beroz Gazdar, Former Sr. VP- Group Sustainability, Mahindra & Mahindra Group


J B Mohapatra, Former Chairman,Central Board of Direct Taxes (CBDT), Ministry of Finance - Government of India


Joe Phelan, Executive Director Asia Pacific, World Business Council for Sustainable Development (WBCSD)


Kalpana Morparia, Independent Director & Former Chairman South & South East Asia J.P. Morgan & Co


Mukund Govind Rajan, Chairperson, ECube Investment Advisors


O.P. Bhatt, Independent Director and former Chairman, State Bank of India


Sean Kidney, Co Founder and CEO, Climate Bonds Initiative


Tanya Singhal, Founder Mynzo Carbon and Former Founder SolarArise


Tejinderpal Miglani, Founding Member, Climate Angels

Aditi Haldar,Director of South Asia, Global Reporting Initiative (GRI)

Aditi Haldar

Director of South Asia,
Global Reporting Initiative (GRI)

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Amit Tandon, Founder and Managing Director, Institutional Investor Advisory Services (IiAS)

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Beroz Gazdar, Former Sr. VP- Group Sustainability, Mahindra & Mahindra Group

Beroz Gazdar

Former Sr. VP- Group Sustainability,
Mahindra & Mahindra Group

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J B Mohapatra, Former Chairman,Central Board of Direct Taxes (CBDT), Ministry of Finance - Government of India

J B Mohapatra

Former Chairman,
Central Board of Direct Taxes (CBDT),
Ministry of Finance - Government of India

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Joe Phelan, Executive Director Asia Pacific, World Business Council for Sustainable Development (WBCSD)

Joe Phelan

Executive Director Asia Pacific,
World Business Council for Sustainable Development (WBCSD)

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Kalpana Morparia, Independent Director & Former Chairman South & South East Asia J.P. Morgan & Co

Kalpana Morparia

Independent Director & Former Chairman South & South East Asia
J.P. Morgan & Co

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Mukund Govind Rajan, Chairperson, ECube Investment Advisors

Mukund Govind Rajan

Chairperson,
ECube Investment Advisors

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O.P. Bhatt, Independent Director and former Chairman, State Bank of India

O.P. Bhatt

Independent Director and former Chairman,
State Bank of India

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Sean Kidney, Co Founder and CEO, Climate Bonds Initiative

Sean Kidney

Co Founder and CEO,
Climate Bonds Initiative

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Tanya Singhal, Founder Mynzo Carbon and Former Founder SolarArise

Tanya Singhal

Founder Mynzo Carbon and Former Founder SolarArise

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Tejinderpal Miglani, Founding Member, Climate Angels

Tejinderpal Miglani

Founding Member,
Climate Angels

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Please write to us at esg@kpmg.com for more information.