ESG Champions of India 2024

ESG Champions of India 2024 | 1 [ MESSAGE FROM MD’S DESK ] The rise in ESG investing is reshaping the business landscape. Achieving compliance is crucial, but a structured approach unlocks the true power of ESG. The key lies in aligning stakeholder interests with a well-defined materiality map. A compelling narrative emerges when corporations find that strong ESG practices can lead to more efficient and cost-effective operations. Leveraging new technologies like AI, machine learning, and data analytics, businesses are now uncovering valuable ESG opportunities, blending sustainability with profitability. For instance, a US real estate investor leveraged technology to develop decarbonization plans, saving $85 million. Similarly, an Indian FMCG giant saved $1.5 billion through energy and water efficiency initiatives. The shift is also quite visible from Investors’ perspective. A study revealed 88% of high-net-worth millennials consider ESG factors in their investments, with many avoiding companies with negative social or environmental impact. These compelling examples underscore the growing shift among businesses and investors, re- emphasizing that ESG is no longer a catchphrase, but a strategic reality. In this context, Dun & Bradstreet India is pleased to announce the release of its premier report, ‘ESG Champions of India 2024’. The report highlights the significance of ESG and its relevance in the current scenario, provides listing of India’s Leading 1,000 Listed ESG Entities and recognises the ESG Champions of India across 24 sectors based on D&B’s ESG Intelligence Framework for their ESG initiatives. Additonally, Dun & Bradstreet is currently evaluating the state of ESG implementation in businesses, identifying challenges and potential benefits. Here are some of the key insights from Dun & Bradstreet ESG Study – Some of the benefits of ESG implementation - • ~64% respondents believe ESG implementation does lead to operational efficiency and cost savings. • ~73% respondents agree that ESG adoption serves as a proactive shield, ensuring business resilience in the face of an ever-evolving regulatory landscape. • ~60% Organizations agree that strong ESG practices tend to attract top talent, especially from the younger workforce, who often prefer working for socially responsible organizations. Companies have also cited challenges such as – • ~73% respondents agree that data collection complexity is a key challenge to measure the effectiveness of ESG implementation. • ~64% respondents believe that enforcing ESG adoption across the supply chain is a key roadblock. Collaborative partnerships, transparency, and robust monitoring mechanisms are essential for mitigating risks associated with supply chain sustainability. Overall, there is a positive perception around ESG implementation: • Despite the challenges, ~73% respondents hold the view that the initiatives being adopted by companies are transparent, moral, and successful. This indicates a positive perception of the ethical and operational aspects of the ESG initiatives underway. • ~55% respondents believe that ESG adoption results in enhanced portfolio performance. On behalf of Dun & Bradstreet India, I invite you to join us in this pivotal movement, from catchphrase to reality, as we navigate the complexities and opportunities of integrating ESG into the heart of business strategy. Together, let’s shape a sustainable and equitable world for generations to come. Avinash Gupta Managing Director & CEO – India Dun & Bradstreet Avinash Gupta Managing Director & CEO – India Dun & Bradstreet Dun & Bradstreet