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Is Social the Blindspot in ESG?

WriteCanvas News


We’re excited to announce the release of a concise version of our first research report on ESG (Environmental, Social, and Governance)! The report was unveiled at a recent Assocham webinar in honor of World Environment Day 2024.

With India’s rollout of the Business Responsibility and Sustainability Reporting (BRSR) framework, we recognized a potential gap in how companies address the “S” (social) aspect of ESG. Our research suggests that many organizations are neglecting this critical area or limiting their social efforts to Corporate Social Responsibility (CSR) initiatives.

This led us to delve into the question: Is the Social Factor the Blind Spot in ESG? Our report explores this topic and offers valuable insights.

Interested in learning more?

Download the concise report by clicking below.

https://writecanvas.in/our-templates/

To access the full report, contact us at [email protected].

We believe this research will be a valuable resource for businesses looking to strengthen their ESG practices.

 


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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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ASSOCHAM Webinar on World Environment Day

WriteCanvas News


ASSOCHAM South has on-boarded WriteCanvas to host a webinar titled: Leading the Way: Driving Environmental Innovation, on June 5.

June 5, has been declared the World Environment Day. The webinar’s theme is in line with the United Nations Environment Programme (UNEP)’s overarching concept of land restoration, desertification, and drought resilience for this year.

Renjini Liza Varghese, CEO, WriteCanvas will moderate the event. Eminent personalities like Manasa Nagabhushanam, Director (Academics, Research & Administration) Ramaiah Institute of Management, Bangalore Sridhar L, Head ESG, Bangalore International Airport, and Suma Krishnaswamy, Founder President, Cambium Biotechnologies will be a part of the esteemed panel.

According to Varghese, “The theme of the panel discussion has been long awaited. It will be interesting to hear about the corporates’ focus on various initiatives to preserve the environment, the matrix, and the lessons learned from implementing sustainability initiatives. More than what can be done, India needs to understand the best approach for climate action. We have a long way to go.”

Ms Nagabhushanam said, “The natural environment, which is currently considered external to business, will soon be considered internal. Businesses must take this issue seriously, establish internal guidelines, and coordinate internal initiatives for environmental change. Every business should take the initiative to embrace the environmental dimension rather than making it an aspect of the regulatory mandate.”

WriteCanvas and ASSOCHAM will also release an abbreviated version of the survey report titled “Is S the Blindspot in ESG?” in addition to the webinar. on June 5.


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