COVER STORY
Till there is no government-backed link between good behaviour and financial outperformance, ESG adoption risks being considered a box-ticking exercise
July 01, 2023
67% India Inc. Sitting on Time Bomb
Outlook Business Magazine - July 01, 2023
Till there is no government-backed link between good behaviour and financial outperformance, ESG adoption risks being considered a box-ticking exercise
By aligning their products and services to environmentally conscious consumer preferences, businesses gain a competitive edge and carve out new avenues for economic growth and innovation
The ESG concept is clearly facilitating in building a resilient strategy for long-term business sustenance. This intrinsic motivation eventually addresses stakeholders’ needs and, more importantly, the need of a company
Compliance with environmental, social and governance (ESG) guidelines can be tedious but rewarding. By voluntarily joining the compliance bandwagon, Indian companies can reap the benefits of an increasingly ESG-conscious global business ecosystem
Amid the debate around artificial intelligence, access to infinite storage space and ubiquitous computing, we need to realise that there is an environmental impact associated with all this
Best practices are only worth their salt if they can stand up to shareholder scrutiny and demonstrate a linear link between protocol and performance
CBAM does not give any consideration, let alone full consideration, to the disproportionate and abnormal burden that it will be putting on developing country parties
The good news is that we already have several women role models in India helping to transform the sustainability landscape
The environmental, social and governance ecosystem is driven by corporate innovation and strong will. The ESG framework helps stakeholders understand how an organisation is managing risks and opportunities related to ESG criteria
Snowflake, the US-headquartered cloud data platform, has emerged as a binding glue in the fragmented data ecosystem of environmental, social and governance (ESG) frameworks. In today’s business landscape, ESG considerations are gaining prominence, as companies strive to align their operations with sustainable practices and meet evolving stakeholder expectations. Rinesh Patel, global head of financial services at Snowflake, talks about how important it is for modern corporations to navigate the complex web of scattered ESG frameworks using tech tools which are customised to honour the investor and regulator’s expectations. Edited excerpts:
Struggling with ever-widening ESG compliance standards, and unable to push back beyond a point, corporate India is feeling the pressure from global powerhouses to match their compliance levels or lose out on trade opportunities. But this demand is not practical, feasible or even equitable for the growing economy with ambitions
Data management platforms are helping businesses make informed decisions to optimise their environmental, social and governance regime by collecting and standardising data. Together with ESG experts, they hold the key to a strong compliance ecosystem
Raising fresh funds from LPs will be challenging for Sequoia India and SEA, now Peak XV Partners, unless it presents strong returns to the $2.85 billion fund it raised last year. This will be tough amidst a funding winter coupled with a brand spinoff that underplays Sequoia’s well-entrenched global heritage
Through Microsoft for Startups Founders Hub, the tech major offers early-stage start-ups access to tech tools, mentorship programmes and handshaking opportunities with an eye on their and its future
As developed nations around the world eye supremacy in global semiconductor supply, will India manage to make a space for itself? Or will geopolitics and historical challenges prevent the country from building the hitherto elusive chip ecosystem?
There is more to Atul Shinghal, founder and CEO of digital wealth manager Scripbox, than work. The diehard crossword fan is a yachting champion and loves to tee off whenever he can. His sports-life analogies make for inspiring nuggets of wisdom
Till there is no government-backed link between good behaviour and financial outperformance, ESG adoption risks being considered a box-ticking exercise
By aligning their products and services to environmentally conscious consumer preferences, businesses gain a competitive edge and carve out new avenues for economic growth and innovation
The ESG concept is clearly facilitating in building a resilient strategy for long-term business sustenance. This intrinsic motivation eventually addresses stakeholders’ needs and, more importantly, the need of a company
Compliance with environmental, social and governance (ESG) guidelines can be tedious but rewarding. By voluntarily joining the compliance bandwagon, Indian companies can reap the benefits of an increasingly ESG-conscious global business ecosystem
Amid the debate around artificial intelligence, access to infinite storage space and ubiquitous computing, we need to realise that there is an environmental impact associated with all this
Best practices are only worth their salt if they can stand up to shareholder scrutiny and demonstrate a linear link between protocol and performance
CBAM does not give any consideration, let alone full consideration, to the disproportionate and abnormal burden that it will be putting on developing country parties
The good news is that we already have several women role models in India helping to transform the sustainability landscape
The environmental, social and governance ecosystem is driven by corporate innovation and strong will. The ESG framework helps stakeholders understand how an organisation is managing risks and opportunities related to ESG criteria
Snowflake, the US-headquartered cloud data platform, has emerged as a binding glue in the fragmented data ecosystem of environmental, social and governance (ESG) frameworks. In today’s business landscape, ESG considerations are gaining prominence, as companies strive to align their operations with sustainable practices and meet evolving stakeholder expectations. Rinesh Patel, global head of financial services at Snowflake, talks about how important it is for modern corporations to navigate the complex web of scattered ESG frameworks using tech tools which are customised to honour the investor and regulator’s expectations. Edited excerpts:
Struggling with ever-widening ESG compliance standards, and unable to push back beyond a point, corporate India is feeling the pressure from global powerhouses to match their compliance levels or lose out on trade opportunities. But this demand is not practical, feasible or even equitable for the growing economy with ambitions
Data management platforms are helping businesses make informed decisions to optimise their environmental, social and governance regime by collecting and standardising data. Together with ESG experts, they hold the key to a strong compliance ecosystem
Raising fresh funds from LPs will be challenging for Sequoia India and SEA, now Peak XV Partners, unless it presents strong returns to the $2.85 billion fund it raised last year. This will be tough amidst a funding winter coupled with a brand spinoff that underplays Sequoia’s well-entrenched global heritage
Through Microsoft for Startups Founders Hub, the tech major offers early-stage start-ups access to tech tools, mentorship programmes and handshaking opportunities with an eye on their and its future
As developed nations around the world eye supremacy in global semiconductor supply, will India manage to make a space for itself? Or will geopolitics and historical challenges prevent the country from building the hitherto elusive chip ecosystem?
There is more to Atul Shinghal, founder and CEO of digital wealth manager Scripbox, than work. The diehard crossword fan is a yachting champion and loves to tee off whenever he can. His sports-life analogies make for inspiring nuggets of wisdom