Goa Institute of Management organises conclave on environment, social, governance

NEW DELHI: The Goa Institute of Management (GIM) organised a national conclave on environment, social and governance (ESG) in collaboration with UN Global Compact Network (UNGCN) India, Goa Chamber of Commerce and Industry (GCCI), and PRME India Chapter on November 24.

The event ‘Lead, act and report on environment, social and governance: Dialogue for a Sustainable Future’, saw active participation from industry leaders, ESG experts, and academicians. The participants discussed various sustainable business practices.

The conclave started with a welcome address by GIM director Ajit Parulekar and a keynote speech UNGCN India executive director Ratnesh Jha. The LEAD panel discussion featured insights from GCCI president Shrinivas Dempo, Tata Capital Cleantech managing director Manish Chaurasia, and Deloitte partner Inderjeet Singh. A panel discussion on translating ESG vision into actionable steps was also held.

In the afternoon session, panel discussion exploring global ESG reporting standards, readiness for ESG reporting, and the role of technology and sustainable tech startups was conducted. The conclave concluded with a session on the role of business schools and higher education institutions in driving the ESG agenda in the country.

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UNGCN India executive director Ratnesh Jha said, “ESG is about taking care of the planet. Change is coming in the boardrooms of corporations. India is the first one to legally register UNGC Network; we are pioneers in this domain." Shrinivas Dempo said, “Board meetings now allocate 25-30% time for ESG issues. Collaboration with academic institutions like GIM, BITS Goa Campus and Goa University for Goa-focused research is essential."