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.
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.
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
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.
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-Shivananda Shetty, Partner and Practice Lead – ESG, KPMG in India
-Sai Venkateshwaran, Partner, KPMG in India
-Apurba Mitra, Associate Partner, KPMG in India
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|4:30 PM - Registration|
|5:00 PM - ESG Conclave|
|6:30 PM - Awards|
|7:00 PM - Dinner and Networking|
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