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Presentation on Business Responsibility Reporting mandated by SEBI India, in-line with the National Voluntary Guidelines released by the Govt. of India
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Business Responsibility Reporting Mandated by SEBI – Compliance and Benefits
EfficientCarbon
National Voluntary Guidelines
Ministry of Corporate Affairs, Government of India, in July 2011, came out with the 'National Voluntary Guidelines on Social, Environmental and Economic Responsibilities of Business‘ - NVGs.
SEBI – as a part of its circular on 13th August 2012, makes it mandatory for top 100 BSE and NSE listed companies (as on March 2012) to disclose their Business Responsibility Practices through a report adhering to the NVG framework
So how are you placed to make the most of
this opportunity?
Let’s Build!
NVG Framework talks about Sustainability
• NVGs want companies to– Give back something to the society– Be responsible– Be accountable for its actions and– Be sustainable in itself and in the environment it operates
in.
• NVGs are applicable to all businesses operating in India and Indian MNCs operating elsewhere– Irrespective of sector, size, orientation or ownership
Organisations tend to underestimate their influence on different aspects…
We need organisations which look beyond their primary influence and target broader Sustainability goals…
…Which provides advantages such as
…to the organisation.
NVGs come with a broad framework of 9 principles which help companies achieve
these benefits & comply to requirements.
Principle 1: Businesses should conduct and govern themselves with Ethics, Transparency and Accountability.
Principle 2: Businesses should provide goods & services that are safe and contribute to sustainability throughout their life cycle.
Principle 3: Businesses should promote the wellbeing of all employees.
Principle 4: Businesses should respect the interests of, and be responsive towards all stakeholders, especially those who are disadvantaged, vulnerable and marginalised.
Principle 5: Businesses should respect and promote human rights.
Principle 6: Business should respect, protect, and make efforts to restore the environment.
Principle 7: Businesses, when engaged in influencing public and regulatory policy, should do so in a responsible manner.
Principle 8: Businesses should support inclusive growth and equitable development.
Principle 9: Businesses should engage with and provide value to their customers and consumers in a responsible manner.
Reporting Compliance with NVGs• Companies need to report their compliance and level of
compliance with each NVG.
• Compliance can be achieved by following the process here:
Reporting Format
Our Offering for Business Responsibility Reporting
• Helping you understand the policies and their impacts on your business.
• Preparing a gap analysis of the requirements Vs existing ‘as-is’ scenario.
• Materiality assessment of the aspects relevant to being a Responsible Business and comply with the requirements.
• Development of “Responsible Business Strategy” aligning internal objectives and external requirements.
• Developing the Business Responsibility Report.
Our Team
Our Advisory Board
Our Partnership with Net Balance, Australia
•Net Balance is one of the largest advisory firms in Australia •Offering services in
–Sustainability strategy, –Reporting & assurance, –Climate change mitigation and adaptation, –Environment, –Stakeholder engagement and economics.
•Offices in Melbourne, Sydney, Brisbane and London.
EfficientCarbon is Net Balance’s partner in India.
www.netbalance.com
Some of Net Balance’s Clients
Sustainability Reporting Capability
• Leading global provider of sustainability reporting services
• We provide tailored solutions to organisations• Provide a sustainability reporting score card • Integrated reporting – investors and
stakeholders increasingly rely on integrated reporting for consistent information on how organisations manage their social, environmental, governance and business risk
We focus on…. Some Clients
Our Work - Selected Clients
Contact usHarsha: +91 9000345588Pradeep: +91 9052224701
[email protected]@efficientcarbon.com
www.efficientcarbon.com www.twitter.com/efficientcarbon
www.facebook.com/efficientcarbon
Thank You
"Sustainability is not only absolutely necessary considering the situation our planet is in, we as companies are also overdue to take responsibility. We can't wait for governments. Companies have to lead the way…
- Jochen Zeitz, CEO, Puma Corp.
