Sustainability and ESG Solutions

The business climate in India is extremely dynamic, and both the company’s stakeholders and market regulators are significant. The stakeholders prefer investing in a company that is concerned with preserving the environment because they are aware of the interdependence between business and the environment and how business operations can have an impact on the environment. This makes sustainability and ESG Compliance by companies necessary.

The sustainability practise assists businesses with the planning, sourcing, delivery, financing, and measurement of the whole effect of their goods and services. By enhancing their agility, resilience, and sustainability, as well as their ability to identify risks and seize opportunities, we are assisting organisations in becoming more future-proof.

Our team consults with customers from the business, private equity, and public sectors on a variety of topics.

Meaning of ESG

Environmental, Social, and Governance, or ESG, is an abbreviation for the specific data created for use by investors to assess the material risk faced by the firm based on the externalities produced by it.

Such information can also be used within an organisation as metrics for strategic and managerial purposes, as well as by investors for purposes beyond these, like the evaluation of enterprise value. Specifically, models based on assumptions like identification, assessment, and management of sustainability-related risks and opportunities with respect to all organisational stakeholders can be developed, which increases long-term risk-adjusted return. Customers, suppliers, employees, the leadership, and the environment are just a few examples of organisational stakeholders.

Regulatory Framework for ESG

Ministry of Corporate Affairs

The introduction of Business Responsibility Reporting (BRR), Corporate Social Responsibility (CSR), and National Guidelines on Responsible Business Conduct marked the beginning of ESG reporting in India in 2009. MCA released Voluntary Guidelines on Corporate Social Responsibility as the first step in this process (NGRBC)

The Companies Act 2013

One of the earliest ESG disclosure requirements for businesses was implemented by the Indian Companies Act, which mandates that Indian corporations provide yearly financial statements and information on energy conservation from their board of directors in their reports. The director of an Indian company is also required by law to act in the best interests of the firm, its shareholders, employees, the community, and the environment in order to advance the company’s goals for the benefit of all of its members.

SEBI

The Business Responsibility and Sustainability Report (“BRSR”), which replaced regulation 34 (2) (f) of the SEBI (Listing Obligation and Disclosure Obligations) Regulation, 2015, was adopted by SEBI on May 10, 2021. (“LODR Regulations”). A guidance note was included to help the companies understand the disclosures’ scope. The BRSR requests disclosures from publicly traded companies regarding their performance in relation to the nine “National Guidelines on Responsible Business Conduct” (NGBRCs) principles. For each of these principles, reporting is broken down into mandatory and optional leadership indicators. Listed companies should make an effort to include the leading indications in their reports.

Benefits of ESG for Business

ESG can benefit the business in the following ways

Reduced Costs and increased profits

By reducing the number of resources required to run the business, the ESG approach to operations can improve the effectiveness of the company, which will result in cheaper costs, more profitability, and better decision-making. In addition, sustainability efforts may involve initial capital outlays in addition to providing long-term advantages including a competitive edge, productivity increases, and decreased risk exposure. Future operational costs are frequently cheaper as a result of such investments.

The attraction of new customers, investors and lenders

As ESG can demonstrate the company’s seriousness about its social responsibility, thereby attracting people who align with its vision and values, helping the company to find potential partners and collaborators who may have similar goals or interests, the incorporation of ESG standards can also benefit the business through the attraction of new customers, investors, and lenders. Due to the fact that these people frequently talk about their experiences with the companies they support, this may result in more referrals.

Mitigation of risks and building resilience

The ESG guidelines aid the company in reducing risk and increasing efficiency. The unpredictability brought on by the changing economic climate and disruptive technology, however, is one of the biggest problems facing today’s corporate leaders. Implementing ESG principles can assist the company build a resilient organisation by addressing issues with product design, distribution strategy, customer service, sourcing strategy, and workforce management.

Attract Talent and Improve Employee Loyalty

It is true for all employees, not just the management staff who are frequently vocal about their feelings, that showing appreciation to the workforce can make them feel happy, included, and valued. As a sustainable business, the organisation may foster an inclusive culture and provide staff members the freedom to voice their thoughts without worrying about consequences, which will increase their productivity, engagement, and commitment to the business.

Improved corporate Image and higher brand value

Several studies have shown that consumers are more likely to favour and trust companies with sustainable practises than those without because they are interested in the steps the company has made to minimise its carbon footprint and ensure the responsible use of resources.

By ensuring that a company is upholding its principles and satisfying the needs of its consumers, applying ESG standards to its operations can help it retain a positive reputation and foster trust. In a sector where most businesses find it challenging to strike a balance between profit margins and ethical considerations, this results in increased brand value and a competitive edge.

Services Offered By KRA Paymall

By the direction of a renowned authority in ESG and sustainability consulting, such as KRA, businesses may safeguard and create value for the business, people, society, and the global community.

In this sense, we provides the following services:

Environmental, Social and Governance Norms

The following ESG solutions can be provided by us, which has a large team of experienced specialists with knowledge in environmental registrations and compliance with applicable laws, rules, and guidelines.

Creating an ESG/Sustainability Policy

Creation of a framework for implementation, monitoring, review, and sustainability/ESG performance reporting Consultation with and engagement of stakeholders for the purpose of identifying issues that have an impact on stakeholders and business Single and Double Materiality assessment for the purpose of identifying the material issues pertinent to the organisation, followed by creation of a policy for the same

Study of Material Issues’ Techno-Economic Viability

Developing a strategy to improve ESG/Sustainability performance

Increasing monetized profits and lowering liabilities through ESG Cost Accounting

Increasing Investor Confidence in Better Investing through ESG Credit Rating Creation of ESG Report in Compliance with National/Global Reporting Frameworks

using historical ESG performance trends to forecast future results

The aforementioned services can assist companies in smoothly implementing ESG.

ESG Health

The healthcare sector can obtain valuable insights into the practises that have the greatest carbon impact by using ESG principles since it can do so. In this sense, we provide the following services:

Environmental, Health, Safety, and Social (EHS&S) Policy Drafting

Creating the framework for EHS&S performance implementation, monitoring, review, and reporting

Analyzing the techno-economic viability of meeting the legislative criteria for EHS&S and EHS&S-based material concerns

creation of an improvement plan for EHS&S performance

Analysis of historical EHS&S performance trends to forecast future results

The healthcare provider can improve its environmental rating by using our services to help with planning, resourcing, and measuring remediation activity while continuing to deliver high-quality care and services

Bench Marking of ESG/ Developmental Performance 

ESG Benchmarking gives the organisation a clearer sense of direction, making it easier to refocus their actions and operations in accordance with their ESG goals and objectives. The services listed below are offered by us to help with this.

Making performance indicators out of the specified ESG/CSR-specific content and other critical issues

evaluating the baseline and the performance indicators’ scientifically derived targets

Benchmarking of performance indicators with industry peers, national measures, and business sector metrics

Reducing liabilities and increasing monetized returns using sustainability cost accounting

constructing a plan to enhance the performance of the indicators

Using our benchmarking services could provide your company a competitive edge over your rivals.

Sustainability and Social Returns on Investment

An outcomes-based measuring method known as “Social Return on Investment” (SROI) aids companies in comprehending and quantifying the social, environmental, and economic value that is produced by them.

Finding the negative effects of ESG issues on stakeholders and an organisation

estimating the cost of liabilities resulting from such unfavourable circumstances or projects, the cost of opportunities brought about by ESG projects, and the wealth generated by social projects at the local level.

Evaluation of the effects of organisations’ social welfare and ESG efforts on the national economy

Analyzing the technological, economic, and commercial viability of various approaches for liability reduction

Developing a strategy to increase monetized returns

These services can make it easier for companies to evaluate their social effect through’return on investment,’ a concept that is well-known to investors, commissioners, and lenders.

Decarbonisation

Decarbonization, in its most literal definition, refers to the reduction of carbon, or the transition to an economic system that sustainably cuts and makes up for CO2 emissions. In this regard, we offers the following services:

Accounting for greenhouse gases in products and services, including supply chain activities

Greenhouse gas emissions from product and service lifecycle analysis

evaluation of starting points and objectively determined goals

Development of a decarbonization strategy using a variety of frameworks for climate change

Companies may help create a sustainable environment and reduce CO2 emissions in the environment.

Climate Change and Carbon Credits

A sort of permission known as a “carbon credit” denotes the removal of 1 tonne of carbon dioxide from the atmosphere. A person or, more frequently, a business can acquire these credits to offset their carbon dioxide emissions from industrial operations, delivery vehicles, or travel. Following are some ways that our team may help the clients:

Adaptation and mitigation for climate change

a city action plan to combat climate change

Carbon Credits and Trading

On the aforementioned topics, we can offer consulting services.

locating the initiatives that reduce carbon emissions and sequester carbon, potentially producing tradeable carbon credits.

Projects must be registered with the national or voluntary carbon credit registration agencies.

Making it easier to conduct regular checks on the carbon credit accrual projects

Finding buyers for carbon credits and facilitating carbon credit trade

Companies can use this to assist them reach their climate change objectives.

Corporate Social Responsibility

The term “corporate social responsibility” refers to a self-regulatory system that enables a business to be socially accountable to its stakeholders, shareholders, and the general public. It consists of a collection of actions made by a business to benefit society. The following topics are where we can offer assistance.

Finding initiatives that reduce carbon emissions and sequester carbon, potentially producing tradeable carbon credits

Project registration with national/voluntary authorities for carbon credit registration

assistance with the initiatives collecting carbon credits being periodically monitored

Finding buyers for carbon credits and facilitating the exchange of carbon credits

Prior to onboarding them for implementation, CSR projects and Implementing Agencies should be identified.

Obtaining CSR money to carry out CSR projects

Stakeholder engagement and consultation to identify issues that affect stakeholders, primarily the business and beneficiaries

CSR-based material matters are technologically and economically feasible to analyse twice for materiality in order to identify matters relevant to the organisation.

Creation of a CSR Policy

Creating a CSR framework to make it easier to identify, plan, implement, monitor, review, and report on CSR performance

Strategy creation for increasing CSR performance

Analysis of historical CSR performance trends to forecast future results

Our advice will make sure the company is adhering to CSR, which can help them build their reputation and goodwill while giving back to society.

Supply Chain Management

The go-to company for support with managing supply chain solutions is KRA Paymall. With help with the following, our team of professionals offers end-to-end aid in creating a supply chain solution for our client’s business.

Evaluation of the Supply Chain’s ESG Performance and Potential Threats Upstream or Downstream of the Delivery of Goods or Services

Creation of Sustainability/ESG Policy and Framework for Supplier Performance Monitoring, Review, and Reporting

creation of guidelines for the ongoing assessment of suppliers’ ESG performance

creation of a supplier ESG rating system

Our supply chain management support makes it simple to assess a supplier’s ESG performance.

Digital Support

Every industry has been impacted by digitalization, and the environmental areas are no exception. For the following reasons, KRA offers digital support:

creation of a framework for measuring the supply chain’s ESG performance

Electronic verification of ESG/CSR performance

Businesses can easily track ESG/CSR with the aid of digital support.

Due Diligence Review

The due diligence study facilities companies to make a decision whether to enter into any transaction with the target company before making any deal related merger/acquisition or other relevant activities.

Before to a merger or acquisition, DDR of ESG, more precisely Environmental, Health, Safety, and Social operations and related performance

ESG performance DDR before investing

Before to a merger, acquisition, or investment, the requirements for compliance with applicable laws must be determined. Developmental and CSR programmes must be determined before implementation, and CSR Implementing Agencies must be determined before they are onboarded for implementation.

Our services can give them an accurate image of the organisation in terms of ESG and assist them in making a decision.

Investor Focused Services

The following are some of the investor-focused services we offer:

Finding ESG risks in ESG funds, where invested, with a focus on legal compliance requirements, before investing

creation of a monitoring and verification system for the periodic examination of material issues related to ESG

whenever possible, evaluate the opportunities and liabilities resulting from ESG-specific issues in a monetized manner to determine the impact on investment

Developing a plan to mitigate the negative effects of ESG issues

The services can assist with reducing risks and seizing opportunities related to ESG.

Sustainable Finance ESF Bonds

In order to increase long-term investments in sustainable economic activities and projects, sustainable finance is the process of taking environmental, social, and governance (ESG) issues into account when making investment decisions in the financial sector.

utilising universal financial instrument frameworks to collect funds for sustainability, socially responsible investments, and green bonds

assisting in the project’s registration with the appropriate green bond framework and its approval by the necessary authorities/market regulator

creation of a monitoring and verification system for routine evaluation of the projects’ environmental, social, and governance performance

Better investments may be attracted to the companies as a result, aiding in business expansion.

Natural Resource Management and Circular Economy

In a circular economy, markets facilitate incentives for reusing goods rather than discarding them, then new resources are extracted. Everything garbage, including scrap metal, clothing, and outdated electrical items, is recycled or put to better use in a circular economy.

Our group is able to help firms with the following.

Water-Water Neutrality, Socio-Economic Effects of Ground-Water Recharge, and Effects on Food Security and the National Economy

Waste – Waste minimization, waste recycling, and waste monetization

Policy development for NRM and the circular economy

Creation of a system for implementing, monitoring, reviewing, and reporting on the performance of NRM and CE

Stakeholder engagement and consultation for biodiversity; creation of a framework for implementation, monitoring, review, and evaluation; the creation of a report on water-water neutrality, socio-economic effects of ground-water recharge, and effects on the nation’s economy and food security

Waste – Waste minimization, waste recycling, and waste monetization

Policy development for NRM and the circular economy

Creation of a system for implementing, monitoring, reviewing, and reporting on the performance of NRM and CE

Stakeholder engagement and consultation for biodiversity; creation of a framework for implementation, monitoring, review, and evaluation; Creating a Report

The circular economy model offers a chance for innovation and synchronisation between commercial enterprises, our way of life, and trash disposal.

Human Rights

Employee satisfaction greatly depends on human rights preservation. The following are some areas where our team can help clients.

Creating Human Rights Policies

Creation of a system for implementing, monitoring, evaluating, and reporting on the performance of human rights

Stakeholder engagement and consultation to identify issues related to human rights that have an influence on stakeholders and business

Assessment of materiality to identify items of importance to the organisation

Developing a strategy to enhance human rights performance

The defence of human rights can guarantee that workers at an organisation actively contribute to its expansion.

Governance of Organisation

The following advice services can help with governance in order to ensure the organization’s smooth operation.

Creating anti-corruption, ethical, transparent, and governing systems Policy

Creating a framework for the implementation, monitoring, evaluation, and reporting of anti-corruption, ethical, transparent, and governance performance

Identification of governance-based material matters relevant to the organisation through materiality assessment

Developing a plan of action to enhance organisational governance performance

For the clients, our professionals try to prevent any governance-related problems.

Governance of Organisation

For the environment to be protected and to be developed sustainably, energy must be used wisely. The following are areas where our group can help.

Development of an energy demand and supply strategy to reduce energy usage

Green energy and green energy credits

Our services may make sure that clients try to grow their businesses while taking care of the environment.

Capacity Building & Training Programs 

The following advice regarding capacity building and training programmes is available from our staff.

Frameworks for sustainability at the national and international levels that apply to the areas of sustainability, environmental sustainability, and social responsibility

Specialized CSR, development, and sustainability services notifications for India

CSR, sustainability, and new/upcoming ESG frameworks

Examining and confirming non-financial performance

The advice can assure knowledge of the CSR and sustainability frameworks.

Frequently Asked Questions

Why choose Sustainability and ESG Solutions of KRA Paymall?

Due to the following factors, Enterslice’s sustainability and ESG solutions must be selected:

Professional assistance.

IT team that is very integrated.

24 hour customer service.

competent legal group

What is ESG?

Environmental, Social, and Corporate Governance, or ESG, is an abbreviation that refers to specific data created for use by investors in assessing the material risk faced by the business based on the externalities produced by it.

What is the regulatory framework for ESG?

The Companies Act of 2013 as well as the MCA and SEBI provide the ESG regulatory framework.

How can ESG Benefit Businesses?

The firm can gain from ESG in the following ways:

Expense savings and more profits

luring new clients, financiers, and borrowers

reducing risks and fostering resilience

Increase Talent Attraction and Employee Loyalty

increased brand value and improved company image

What are the aspects of ESG?

Environmental, social, and governance are the three components of ESG. Environmental is concerned with the preservation of the natural world. Social is concerned with relationships and people.