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Nature’s Fury on a Rampage

Renjini Liza Varghese


Indeed, Nature’s Fury on a Rampage! For long, we have ignored the Natural warnings.

While the nation is limping back from the shock of the Wayanad landslides, we are hit with the news of a cloud burst in Uttarakhand, Malana dam rapture in Himachal Pradesh, and landslides in both states and floods (bulged rivers engulfing buildings). 14 casualties were reported from Himachal on 1st August alone.

As per news reports 32 rain-related deaths were reported in 24 hours from 7 north states. Considering all this climate casualties will easily cross 4-digit numbers this year. Recalling here, the numbers caused by nature’s fury were less than 400 last year.

Undoubtedly, extreme weather events like heat waves, droughts, landslides, cloudbursts, and flooding have been occurring in India. These events appear more frequently as climate casualties rise.

I would like to draw your attention to two important points here:

a) How vulnerable is India to climate change?

b) How to expedite remedial action?

As per a report published by the World Economic Forum, India is the most vulnerable country to climate change, followed by Pakistan, the Philippines, and Bangladesh, based on an HSBC ranking. The bank evaluated 67 markets on climate change vulnerability, extreme weather sensitivity, energy transition risks, and responsibility.

India is one of the countries highly prone to climate change. As per a Council on Energy, Environment, and Water (CEEW) report published in 2021, “more than 80 percent of India’s population lives in districts highly vulnerable to extreme hydro-met disasters.” This serves as a reference report for me as it is the first to include macro-level (district) assessments.

The study emphasized a few crucial points, including:

a) The southern region of India is most susceptible to the effects of extreme weather events, with the eastern, western, northern, north-eastern, and central regions following suit.

b) In the eastern and western regions of India, respectively, 59 and 41% of all districts are extremely susceptible to severe cyclone events.

c) India’s northeastern states are prone to flooding, while the country’s central and southern regions are more at risk of severe droughts.

d) The Climate Vulnerability Index (CVI) indicates that Assam, Andhra Pradesh, Maharashtra, Karnataka, and Bihar are extremely vulnerable to extreme climate events like floods, droughts, and cyclones.

According to the report, India’s climate vulnerability is primarily caused by an unsustainable landscape, inadequate infrastructure planning, and human-induced microclimate change.

Even though India is doing better than many of its global peers in terms of meeting its NDC targets, energy transition programs, and carbon emission reductions, the rise in incidents necessitates quick action.

Following are some suggestions that, if implemented on priority may help arrest the impact to a certain level.

a) Prepare a climate-ready community

b) Empower local bodies to tackle climate incidents

c) A crackdown on illegal/unauthorized/environmentally harming constructions

d) Ensure new constructions comply with the green norms

e) During infrastructural developments, secure areas that are landslide-prone with iron nets and safety tools

f) Promote sustainable ways at all levels

g) Stricter action against polluting entities or individuals

h) Reclaim land being commercialized in the environment-sensitive zones

i) Fast-track energy transition

j) More policies and regulations that enable climate action

I am an eternal optimist.

I am hoping we can calm Nature’s Fury.

I am hoping there will be action and that my hope does not remain, JUST HOPE.


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World Environment Day: From Noise to Action

Renjini Liza Varghese


This year’s World Environment Day feels different. The usual buzz is evolving into something more powerful – a collective voice for change. WriteCanvas, founded with the goal of fostering a positive climate narrative, this very shift, is heartened by these positive developments.

For example, newspapers are not just quoting celebrities but writing articles about how they are reducing their carbon footprint. I am happy to note that these celebs are genuinely advocating environmental protection and reduced carbon footprints, over paid endorsements. Similarly, the advertising industry is changing. Sustainability has found centre space in this segment. Real estate companies too are developing a green narrative as they announce new green projects whether commercial or residential.

These are steps in the right direction. However, there’s still room for improvement. While using plants and vertical gardens is a welcome move, some real estate companies still use excessive plastic and artificial plants for a “green” aesthetic (think vertical gardens made of plastic stacked on walls, which are noticed in some Mumbai malls).

However, the wider inclusion of green elements in conversations, advertisements, and celebrity statements is a welcome move.

WriteCanvas has been at the forefront of this narrative shift, facilitating discussions across various platforms, industry bodies, government forums, and community groups. We emphasize collective action, aiming to connect siloed efforts into a collaborative network grid. This World Environment Day, we have decided to emphasize not just on the policies, but the execution and impact of these policies on projects and people.

The biggest hurdle?

The biggest hurdle we’ve faced is lack of awareness and unpreparedness among stakeholders. Climate disasters are on the rise, with casualties now extending beyond rain/cyclone/hurricane-related incidents. Heatwaves, wildfires, and droughts are becoming increasingly common.

In India alone, 2024 has seen 165 heatwave casualties, and summer hasn’t even peaked in the hottest regions. This follows close to 200 climate deaths in India during 2023. According to the World Meteorological Organization (WMO), Asia remained the most disaster-prone region in 2023 due to extreme weather, climate, and water hazards.

The Need: Grassroots Action and Informed Communities

The crucial next step is driving the message to the grassroots. We need to prepare communities for climate-related disasters and ensure well-equipped administrations can respond effectively.

Here’s why this is crucial:

Why Focus on Grassroots?

Women Bear the Brunt: Women are disproportionately affected by climate disasters.

The double-edged sword: Lack of awareness can trap them in such situations.

The Power of Celebrities and Sports Figures:

Public figures can leverage mass psychology to drive climate awareness campaigns. Given their influence, celebrities and sports stars can be powerful advocates. They can champion climate action and drive impactful campaigns.

WriteCanvas’ Commitment: Leading the Green Talk

On this World Environment Day, WriteCanvas reiterates our commitment to shaping a positive climate narrative. We’re developing a physical and interactive platform – a community space for sharing best practices, training programs for green skill development. We will continue to lead the green conversations.  We’re truly connecting the green dots…


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Four government initiatives in sustainable energy sector this week

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Despite initial concerns about the sheer scale of the hurdles in sustainable energy, India’s 2070 net zero goal is gaining traction with stakeholders encouraged by recent policy actions.

In a bid to boost the adoption of renewable energy and also enable scalability of projects, the Central government upped its ante for the sector.

Here are the four key announcements for sustainable energy:
  1. MNRE guidelines for green hydrogen in the transport sector: The Ministry of New and Renewable Energy (MNRE) has issued guidelines for pilot projects involving the use of green hydrogen in the transport sector. A budget of Rs 496 crore has been allocated for the scheme until the financial year 2025-26. The pilot projects will be implemented through the Ministry of Road Transport and Highways and the Scheme Implementing Agencies nominated under the scheme. The scheme also aims to support other innovative uses of hydrogen for reducing carbon emissions in the transport sector, such as blending methanol/ethanol based on green hydrogen and other synthetic fuels derived from green hydrogen in automobile fuels.
  2. Joint Center for Renewable Energy Innovation and Sustainable Energy Transition: Union Minister R.K. Singh announced the Center for Energy Transition, a joint venture between the Indian government and The Energy and Resources Institute, focusing on developing renewable energy ideas and sustainable energy transition routes.
    Nitin Desai, the chairperson of the TERI Governing Council, announced that the Center will be established in Hyderabad to create all-encompassing energy transition pathways.
  3. Five SPVs awarded: REC Power Development and Consultancy Limited handed over five project-specific special purpose vehicles for inter-state transmission projects construction, under Ministry of Power supervision.
    The Indian Ministry of Power has chosen Power Grid Corporation of India Limited, Indigrid 2 Limited & Indigrid 1 Limited (Consortium), and Apraava Energy Private Limited as successful bidders for the ISTS Transformation Projects. RECPDCL awarded Letters of Award to Avaada Energy Private Limited and Juniper Green Energy Private Limited for establishing 100 MW wind power projects under India’s flexible generation and scheduling scheme.
  4. PFC and CEEW Form Strategic Partnership for Net-Zero Energy transition: Power Finance Corporation Ltd. and the Council on Energy, Environment, and Water have partnered to achieve India’s 2070 Net Zero target, making PFC the largest renewable energy financier in India. The two entities are collaborating for research, policy, and innovation to strengthen their role in India’s net-zero target and clean energy technologies, laying the groundwork for future initiatives.
    PFC is partnering with the Revamped Distribution Sector Scheme (RDSS) to expand its green portfolio and strengthen its position in India’s clean energy transition. The partnership aims to analyze net-zero finance requirements, new lending trends, and financing for clean energy technologies, identify emerging global capital pools, and understand climate finance products.

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ESG Dynamics Changing in the US

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The environment, social and governance or ESG dynamics are changing in the US!

As the ESG frameworks get more complex, more and more enterprises are turning to experts for help. 

More so—US companies bear the brunt from consumers, communities, investors, market demand, and global mandates. 

Investors and financial services companies are driving the demand for ESG services among organizations. The change in ESG dynamics is a result of their realization of the connection between reducing ESG risk and raising market value. 

A 2023 ISG Provider Lens Sustainability and ESG report predicts significant growth in US enterprise investments in sustainability and ESG initiatives. 

The authors note that many businesses don’t record or store ESG data. While demand for these services is lower in the US as compared to Europe, factors like investor preferences, consumer purchasing behavior, and geopolitics are changing the ESG dynamics. Businesses across all regions are exposed to risks such as regulations, reputational damage, increased capital expenses, and weather-related asset damage. 

The authors note that investors and financial services firms are driving the demand for ESG services. The organization’s realization of the link between lowering ESG risk and increasing market value is what is causing the change in ESG dynamics. Nonetheless, legal actions taken against financial institutions that select assets by ESG guidelines could obstruct US economic expansion, they caution.

Companies operating in the US may be required by upcoming federal and state laws to reveal hundreds of data points about emissions, decarbonization, and risks associated with climate change.

 More regulatory bodies around the world require businesses to disclose and improve their ESG performance. It is becoming more challenging for these companies to locate and obtain the necessary ratings and benchmarks. In addition to environmental performance, which has traditionally been the primary focus of evaluations, social and governance aspects are now often included. In response to these challenges, the number of rating and benchmarking services available globally is rapidly expanding, the authors wrote.

According to Andy Miears, Director,  Adaptive Organization, ISG, “US companies know they need to improve their sustainability and ESG performance but face increasing complexity at every turn.” 

Jan Erik Aase, Partner and Global Leader, ISG Provider Lens Research, said, “New regulations will significantly increase the data collection and reporting burden on U.S. companies, driving demand for services to help them comply. A lot of businesses today either don’t record this data at all or store it in different systems.”

 


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Social Finds Emphasis at BRSR workshop

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Social, a key component of Environment, Social and Governance or ESG, is finally getting its due.

In a recent SoBE workshop for BRSR professionals, speakers highlighted the significance of social responsibility and the impact of investments on businesses.

ESG and BRSR were the focal points of a one-day workshop conducted by The School of Business Environment (SoBE), a specialized division of the Indian Institute of Corporate Affairs (IICA), and some partners.

The ESG emphasis:

Dr. Ravi Raj Atrey, Chief Program Officer, SoBE, IICA, discussed ESG’s role in establishing a Responsible Brand, highlighting the connection between sustainability and responsible branding.

Dinesh Agrawal, Principal Consultant, Consocia Advisory, conducted a session on “Exploring the ‘S’ of ESG.” The session focused on the analysis of the social responsibility and impact of investments and businesses. Mr Agrawal emphasized that the letter “S” stands for several things, such as equitable labor practices, inclusivity and diversity, and worker welfare. The incorporation of social considerations into ESG frameworks is a reflection of the growing understanding that social responsibility and sustainable business practices are inextricably linked to long-term success and favorable societal outcomes.

The workshop:

Overall, the one-day workshop on Business Responsibility and Sustainability Reporting (BRSR) featured over eight technical sessions. These sessions emphasized the key components of BRSR Disclosures and resolution.

In his inaugural address, Praveen Kumar, DG & CEO, IICA, said that the training will fulfill the demand for ESG professionals. The role of ESG and BRSR is not merely on compliance or cost to the company. It is a strategic Investment.

Key highlights from other sessions:

The first technical session was on the Interlinking of ESG-NGRBC-BRSR Principles. Prof. Garima Dadhich, Associate Professor & Head SoBE, IICA, explained the various Principles of NGRBC and their relevance with BRSR.

The next session on BRSR- Industrial Perspective was taken by Bharat Wakhlu, Founder-President, The Wakhlu Advisory. He highlighted the importance of happy and healthy living for current and future generations, emphasizing the industrial sector’s duty and role.

In the session on Illustrating Top Companies BRSR Database, Dheeraj, Lead-Programmes, PRAXIS, discussed the growth and acceptance of BRSR by companies, emphasizing its role as a ‘Roadmap’ rather than a strict compliance format.

Pradeep Narayanan, CEO, Partner in Change, discussed the importance of human rights and DE & I in addressing social equity and inclusion. He pointed out the impact of issues on businesses and provided explanations for the materiality approach’ and saliency approach.

The Session on Women and Children Friendly Policies (NGRBC Principles 3, 5, and 8) was conducted by Shubrajyoti Bhowmik, Public and Private Partnership Officer, UNICEF. He emphasized the need to uphold women’s and children’s rights and establish safety precautions. Businesses must show their dedication to moral and socially conscious behavior, making a positive contribution to society and supporting global sustainability goals. This should not be done to satisfy policy requirements.


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Environmental concerns among consumers increasing due to extreme weather

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A recently released study shows that consumers are willing to change their behavior as environmental concerns are increasing due to extreme weather. They are also ready to pay 12% more for sustainable products. Bain & Company published a major new study exploring the top sustainability concerns for business leaders, customers, and employees.

The study further finds that more than 60% of businesses are off track to meet their sustainability goals. Progress will require a combination of technology, policy, and behavior change. There is a need to increase the conscious base of consumers and employees. This may help companies follow sustainability goals.

Said François Faelli, partner and head of the global sustainability practice at Bain & Company, “The companies know they have a key role to play in the energy and resource transition. Many view this as their legacy, but they are worried about the growing gap between their progress and public commitments. While it will not be easy, there are three levers CEOs must prioritize: policy, technology, and behavior.”

As part of the study, they surveyed 23,000 consumers. The results underscore the growing urgency of sustainability topics. Some 64% of people reported high levels of concern about sustainability. Most said their worries have intensified over the past two years and that their concern was first prompted by extreme weather.

Consumer facts

  • Baby boomers are often just as concerned as Gen Z.
  • Both liberals and conservatives are concerned about the environment. 
  • Consumers are willing to pay a premium for sustainable products, 12% on average, but they are still priced too high. 
  • Consumer behavior can change more quickly than anticipated.
  • There is a disconnect between what consumers want and what most companies sell. 
  • Consumers struggle to identify sustainable products and don’t trust corporations to make them.

Four critical areas of focus for companies

The momentum behind sustainability and dynamic shifts in consumer behavior has profound implications for any company.

  • Devise a future-proof and flexible strategy. Few companies plan beyond the typical 3-year strategy, and even those who look at 5 to 10 years tend to focus on expectations for technology adoption. These plans fail to fully consider two other factors that move just as rapidly and with as big an impact: regulations and consumer behavior.
  • Acknowledge a fragmented consumer base. Companies need to diverge consumers, innovate products, and design propositions that appeal to different segments—local markets, consumers with different definitions of sustainability, and consumers with a range of purchasing motivations.
  • Test and learn to determine what works—and repeat. In such a fluid environment, companies can lean aggressively on marketing experimentation, using digital tools, and adapt accordingly.
  • Get in front of regulations. As we’ve seen worldwide, government policy inevitably becomes a huge contributor to changing consumer behavior. Across all industries, companies need to be at the forefront of helping to shape the regulations affecting their businesses. A company’s ability to anticipate policy shifts and build future-proof portfolios will help determine whether it can outpace competitors.

Upskilling employees to rise to the challenge

The study found that 75% of business leaders believe they have not embedded sustainability well into their business. The instinct of many CEOs is to prioritize external hiring to address all skill gaps, including sustainability. 

A new survey of 4,700 people found that 63% felt different skills and behaviors would be required for their company to execute its ESG ambition or strategy. Yet only 45% of nonmanagers said their employer offers reskilling and upskilling opportunities that would enable internal mobility.

Despite almost every CEO saying they have a talent problem, few companies have defined what it means to be a great employer. In another recent survey, 44% of respondents said it is easier to find a better opportunity outside of their company than within it.


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Turning the green tide

Renjini Liza Varghese


I grew up listening to stories of hardships my grandparents, parents and others in their generation faced for food during World War II, especially in 1943-44.

What was more inspiring was their narratives for survival. Each tale resonated with changing times and changing patterns of cultivation. I vividly recall my father speaking about how the community protected the local produce. Moreover, they also adapted to the new changes and added a newer variety of crops to the farm.

Like them, many framers across the country swiftly learned how to produce more regional indigenous crops, including millets. The milk co-operative movement (Amul) led by Mr Verghese Kurien in Gujarat and the Green Revolution led by Dr MS Swaminathan with the support of favourable policies enabled India to walk the long path to self-sufficiency.

Cut to today. According to the UN, India’s announcement to prohibit rice exports can trigger a global food crisis. The numbers say it all: India stands tall as the world’s largest rice exporter, accounting for 40% of international trade by volume — 22m tonnes. The country exported rice to more than 140 countries in 2022. That is a testimony that Indians have mastered the art of food security in the past 7 to 8 decades.

All the same, the global picture, including in India, is gloomy. The hard reality is that one-third of the total food produced globally is wasted, according to the United Nations data. Food waste is in multilayers, starting from waste during harvesting.

Significant reasons for food waste:
Turning the green tide  

Turning the green tide

  • Disconnect between the end customer and producer resulting in overproduction
  • Procurement hurdles
  • Insufficient storage
  • Inefficient packing
  • Cool chain inadequacy
  • Wastage during transportation
  • Inefficient supply chain
  • Gaps in last-mile delivery

 

 

Additionally, three more factors contribute to the waste. These are:

  1. Unplanned hoarding
  2. Wastage during cooking
  3. Delay in consumption

As per a report released by Economist Impact and supported by Corteva Agriscience, titled ‘Global Food Security Index,’ India ranked 68th out of 113 countries in 2022; in Asia-Pacific, it ranked 14th among 23 countries. “Its performance across all the index’s four pillars is generally consistent, but its score on the availability pillar—62.3—is the highest. The country’s weakest performance is in the Sustainability and Adaptation pillar, in which the country scored 51.2. India’s performance suggests that the food security environment in the country is particularly under threat from climate-change risks. The country needs to better manage these negative impacts on its food security by improving political commitment to adaptation, managing eutrophication in its oceans, rivers and lakes; and addressing the risks associated with the quality and quantity of water available for agriculture.

As per an earlier report published by the United Nations Environment Programme ‘Food Waste Index Report 2021’, 50 kg of food is thrown away per person every year in Indian homes annually.

Wasted food has far-reaching effects, both nationally and globally. It adds to the landfill, no doubt. It is the most significant component of the municipal waste anywhere in the world. 95% of discarded food or waste reaches landfills. The numbers are alarming for the US as well. Up to 40% of all food produced in the US goes uneaten.

How can we reduce food waste?

Perishables contribute a higher percentage in the food value chain. And it is imperative that the focus has to be on the supply chain to reduce food wastage. The maximum wastage, as per different studies, is during transportation. Which, if tackled, can tremendously bring down the wasted food percentage at the global level.


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IICA, UNICEF organize BRSR workshop

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Indian Institute of Corporate Affairs (IICA) yesterday organized a Business Responsibility and Sustainability Reporting (BRSR) workshop.

IICA collaborated with UNICEF and the National Stock Exchange—the workshop was conducted at the NSE premises in Mumbai.

More than 50 sustainability, corporate social responsibility (CSR), environment, social and governance (ESG) and Business Human Rights (BHR) professionals from key corporate houses attended the workshop.

The workshop covered topics such as use of CSR & ESG as tools for establishing responsible brands. Effective BRSR disclosures, digital tools, IT portal/software for BRSR and the application of family-friendly policies in business were also discussed. Attendees also got a comprehensive understanding of the BRSR framework, which is based on the nine principles of the National Guidelines for Responsible Business Conduct (NGRBC). It must be noted that the BRSR framework is a mandatory disclosure for top 1000 listed companies.

Dr. Harish Ahuja, SVP & Head PSD, Power & Carbon Markets, Investor Awareness, NSE, inaugurated the workshop. H

The workshop was facilitated by eminent experts from UNICEF, StepChange and IICA, a leading institute in the field of ESG, CSR, BHR, and corporate sustainability. The renowned faculty and expert speakers included Prof. Garima Dadhich, Associate Professor & Head, SoBE, IICA; Mr. Ashok Kumar Gupta, Former Group General Counsel, Aditya Birla Group; Mr. Ankit Jain, CEO, StepChange; Dr. Ravi Raj Atrey, CPE, SoBE, IICA, and Mr. Shubhrajyoti Bhowmik, Partnership Officer – Private & Public Sector Engagements, UNICEF.

Three more workshops are scheduled in Indore (20 Sept.), Delhi (26 Sept.), and Bengaluru (29 Sept.), respectively.


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