This is where rubber hits the road in form of training, advisory, and policy advocacy activities. This has high degree of interface with the client or the stakeholder. In order achieve a sustainable, equitable and inclusive growth, CESD seeks to bring transformation through a complete programme of policy advocacy, knowledge creation, knowledge dissemination and 'on-ground' model projects. It works with businesses and the government to bring about this transformation and address the various issues of sustainability, environmental degradation, climate change, inclusion etc. The training and consulting services we provide facilitate companies in their sustainability efforts.
CII-ITC Centre of Excellence for Sustainable Development looks at climate change as a strategic risk to business and offers services related to reducing business’s vulnerability to climate change via, climate change risk and opportunity assessment services, GHG inventorization, carbon neutrality services and sequestration study. CESD specialises in helping companies develop climate change strategies, policies, internal processes and frameworks to facilitate low carbon growth.
Our focus is on providing clients with progressive service offerings that are tailored to their requirements based on their demography, sector, and recent global cues.
The principles, standards, guidelines, methodologies and tools used to provide these services are globally accepted, tested over time, and are updated on a continual stakeholder feedback process.
Climate Change Conference of Parties (COP) Industry Delegation
Businesses must bear responsibility of saving the planet from serious climatic consequences. There are many opportunities beyond the limits of governments that businesses must address. However, for some transformative solutions, businesses may need stability and direction from international negotiation processes. CII has been taking delegation of Indian industries to Climate Change Conference of Parties (COPs), to participate and provide inputs in climate change negotiations.
CII has been organising sessions on key discussion points at India Pavilion hosted by, Government of India. Indian industries participation in the pavilion has opened discussions on how all stakeholders should collaborate together to bring a positive change in climate action.
Climate Action Programme (CAP) 2.0°
CAP 2.0° is a unique recognition programme. Its purpose is to bring positive change to the way businesses address climate action and overall make climate change a key agenda in their business strategy and decision making.
Objectives of the programme are:
Raise the bar of climate action by industry
Improve capability of companies in climate action
Move towards more science-based and realistic target-oriented mitigation and adaptation actions.
CAP 2.0° will have three tiers of assessment including a site visit by independent trained assessors.
CAP 2.0° will have certified assessor programme to train industry participants on CAP 2.0° framework, climate change adaptation and mitigation as a topic and how it is imperative for industry to strategically work on it.
Thank you for the application.
3-day Training on Greenhouse Gas (GHG) Emissions Inventory
CESD undertakes training and capacity building activities on GHG emissions inventory, allowing public and private organisations to quantify, monitor, report and verify these.
Aspects related to development of GHG reduction projects, maintenance of GHG emission inventory, their requirements for validation and verification along with carbon neutrality (as per PAS 2060:2014), science-based targets and internal carbon pricing, are covered as part of this course.
Contact Ms Shweta Singh at email@example.com and Ms Sanaiya Batliwalla at firstname.lastname@example.org, for further details.
CESD brings the best expertise and experience in delivering better CSR by helping companies achieve measurable impacts. We work with companies to develop their CSR strategies aligned to organisational vision and business strategies, develop projects that serve aspirations and real needs of communities, measure impact of CSR activities, value social capital created, conduct customised NGO assessments, and recognise excellence in CSR.
Annual CSR Tracker
Each year, CESD develops Annual CSR Tracker that provides macro insights into CSR activities of companies in a financial year. Based on disclosures on CSR in director’s report, the Annual CSR Tracker is the only comprehensive analysis of CSR governance, spends, and practices, covering 1,300 companies listed on Bombay Stock Exchange. The Annual CSR Tracker covers about 50 performance indicators across six aspects of CSR function. The extensive coverage of companies and comprehensive analysis has helped many companies to benchmark their practices to the national data.Check here for Annual CSR Trackers for 2016 and 2017.
"Vision for Social Change" workshops for CSR strategy & planning
CESD conducts cross-functional and multi-stakeholder workshops for companies to develop a long-term vision for social change, convert vision into specific KPIs and projects, develop strategy to accomplish the vision. Which developmental and geographical areas should companies get into? How does it align with priorities of business and sustainability? How does it leverage resources available with the company and its partners?
A typical workshop is for two days. At the end of the workshop, participants have a vision, KPIs, projects, and implementable action plan.
Baselines & needs assessments
CESD undertakes baselines and needs assessments of project beneficiaries and concerned stakeholders. These studies are conducted using primary and secondary research techniques such as household surveys, interviews, and focus group discussions. Both qualitative and quantitative inputs are captured and analysed that provide vital inputs to CSR project design.
Outputs: Specific needs assessment for communities affected by mixed land-use development project in Colombo; captured perspectives of other stakeholders including Sri Lanka government, local administration, and project partners.
Value to company: Specific recommendations on community development projects with a view to build on the positive image of the company amidst growing tensions between community and government.
The company: One of the fastest growing real estate development companies in India, with operations in South Asia and Africa. CESD has been helping the company on strategic sustainability inputs for the past five years.
Impact Measurements, Human Development Index & Quality of Life Index
Impact measurement is important to understand the effectiveness of CSR projects. A well-designed impact study can also provide insights into stakeholder expectations and feedback on the projects conducted. Methodologies include control group comparisons, personal interviews, focus group discussions. Usually a combination of methodologies is deployed.
CESD also helps companies to measure change in Quality of Life or Human Development Indices with as a result of CSR and R&R interventions.
Outputs: HDI of the project area was 0.473, using UNDP methodology. QoL was 4.7 out of 10, based on 10 parameters related to standard of living of individual family.
Value to company: Appreciation for CSR and R&R work from MoEFCC; identify improvements in implementation and long-term planning for projects.
The company: Mining division of a core infrastructure company with revenue of Rs 70,000 cr. The study was conducted for one of the most backward areas of Chhattisgarh.
Measuring Social Return on Investment (SROI)
CESD also helps with valuing social capital that a company creates via its CSR activities. Primarily using the framework of SROI, social capital valuation helps boards take informed decisions on social investments.
SROI measures change in ways that are relevant to the people of the organisations that experience or contribute to it. It tells the story how change is being created by measuring social, environmental and economic outcomes, and uses monetary values to represent them.
CESD has been trained by Social Value International on measuring social value. The team has been helping leading organisations to measure social value using the SROI framework. CESD deploys principles of SROI as defined by Social Value International.
Outputs: SROI values of 37.4 for livestock development and 8.76 for watershed development, on investments of Rs. 0.46 crore and Rs. 1.8 crore, respectively.
Value to company: Understand the value of social capital created, enable portfolio analysis and strategic decisions; identify strategies to maximise social value.
The company: Conglomerate with market cap of Rs. 3 lakh cr and a turnover of Rs. 50,000 cr; CSR projects in 26 States, covering 182 districts with annual CSR spend of Rs. 250 crores.
NGO Assessment: Connecting Corporates with Credible NGOs
NGO Assessment is an initiative to identify credible NGOs to address the challenges faced by companies in selection of NGOs and in the allocation of CSR funds. It has started in response to demands raised by CII members companies, following the passing of the Companies Act 2013 which mandates companies to incur a given minimum expenditure on CSR activities.
The focus of NGO Assessment System is on identifying capacities and capabilities of NGOs to deliver the projects and it will be public utility, without compromising commercial obligations of companies. Stakeholder engagement, risk management, projects and human resources are the four key aspects of the framework. It is based on guidance and not on scoring.
NGO Assessment System will help companies re-navigating their approach to find suitable NGOs for project implementation and improve their overall CSR performance.
For further details on NGO Assessment Framework please refer to the link.
Outputs: Identified, assessed, and recommended NGOs using due-diligence methodology and CII’s proprietary NGO Assessment framework.
Value to company: The company could appreciate capabilities and capacities of the NGO with respect to their specific requirements for vocational skills development programme.
The company: Holding entity of over 100 years old diversified group.
CSR Strategy and Annual Planning
CESD helps companies to develop CSR vision and strategy by aligning it with vision, mission and business strategy of the company. In the process identify resource availability and gaps, identify KPIs to measure and manage.
Outputs: Developed and built capabilities on CSR vision, strategy, and plan for FY18.
Value to company: Instilled thinking and culture of long-term sustainable CSR planning and practice; able to better manage ad-hoc and varied stakeholder expectations.
The company: In the business of fertilizers, pesticides, and specialty nutrients. Eight manufacturing units located in Andhra Pradesh, Tamil Nadu, Maharashtra, Gujarat and Jammu and Kashmir.
Excellence in CSR – CII-ITC Sustainability Awards
CII-ITC Sustainability Awards - CSR Domain Excellence recognise companies that have positively impacted both business and society by taking a strategic approach to CSR through collaborative programmes with government and civil society.
Over a period of six months, applicants undergo a rigorous evaluation process that is based on principles of business excellence. The findings of this assessment, presented in the form of a detailed Feedback Report to every applicant, further help applicants by providing insights that improve the impact of their sustainability initiatives and drive overall -performance by identifying opportunities for improvement.
CESD is the pioneer of Corporate Sustainability Management in India - a systematic and integrated framework for the optimal management of the key economic, environmental and social impacts of a companys products, services and processes, or a companys triple bottom line performance.
We help our clients embed sustainability into their daily business by building employee capacity to understand and implement globally recognised principles, systems, processes, and values.
Mr. Shikhar Jain, Principal Councellor CII promoting NBQP Accredited Lead Auditors Training on Environmental Health and Safety as per ISO 14001:2015 and ISO 45001:2018
CESD offers consulting services for Sustainability and Compliance management frameworks.
Sustainability Management Framework
A Sustainability Management Framework (SMF) assists organizations in integrating sustainability into the core of their operations, leading to improved business performance. Based on the Guidance Standard on Social Responsibility, ISO 26000:2010, the framework envisions a thorough implementation of top management-driven sustainability operations.
Developing an SMF includes aligning the leadership and strategy of the company towards sustainable development by integrating a corporate responsibility and accountability matrix and governance structure within an existing framework of the organization, in coherence with a sustainability policy for the organization.
This involves the development of a Stakeholder Engagement Plan for identification of relevant stakeholders and their inclusiveness for better decision making.
From the top management commitment and strategy, the SMF will assist in identifying sustainability parameters, implementing activities aligned to the parameters and monitoring the progress of activities to further strengthen the SMF. The SMF will be integrated with existing management systems to streamline the processes in the organization. The monitored progress of sustainability performance under the SMF can be consequently reported in the form of a sustainability report and shared with the organization's internal and external stakeholders.
Compliance Management Framework
Industries will have to ensure that businesses comply with EHS regulations because of increased monitoring by the enforcement bodies and more stringent penalties and fines to industries such as the National Green Tribunal (NGT), which has been set up exclusively to handle environment-related court cases.
A Compliance Management Framework helps companies to ensure compliance to legislations, mainly Environment and Health & Safety regulations, and to allow for compliance monitoring within the company. In short, it provides an internal governance structure.
This allows for a fixed structure to check on the requirements and conditions of requisite regulations, to continuously monitor the level of compliance in the industry and also to equip industries to prepare themselves to follow future regulations.
Sustainability Reporting enables an organisation to identify, measure and monitor its sustainability risks and opportunities. It is a key platform for communicating sustainability performance and impacts – whether positive or negative. A Sustainability Report also presents an organisation's values and governance model, and demonstrates the link between its strategy and its commitment to a sustainable global economy.
GRI (Global Reporting Initiative) has been a pioneer in Sustainability Reporting since its inception in 1997. Today, the guidelines is followed by industries across the globe. More than 12,000 organisations have referenced the guidelines in their Sustainability Reports. Considering the changing business landscape, GRI over the years has improvised and graduated from guidelines to recently launched GRI Standards.
Centre of Excellence for Sustainable Development (CESD) has been a part of GRI since the beginning. Being a GRI-certified training partner in India, CESD has built capacities of more than 1,000 professionals on GRI Guidelines and Standards.
CESD assists a number of private and public sector organisations in the preparation of their Sustainability Reports. The client list includes leading names such as, Sesa Goa Limited, Tata Power, Larsen & Toubro Limited, Ambuja Cement Limited, Power Grid Corporation of India Limited, NTPC limited, BHEL, Godrej & Boyce Limited & Apollo Tyres Limited, Balmer Lawrie & co. ltd, Adani ports & Special Zone etc.
OUR SERVICES :
GRI Certified Training Programme on GRI Standards.
A well-executed sustainability programme can drive growth, create new markets and new business alternatives, and reduce costs and risks. That's why such a programme is essential for businesses and that's where our policies come in.
Environmental Policy, Corporate Responsibility and Green Economy; each policy is a tool developed by CESD to assist businesses in sticking to their preset sustainable goals. Discover their roles in detail here.
CESD brings the industry's perspective to the table during the formation of environmental policy, creating a platform for reciprocal consultation and consensus building.
A key partner to the government, the Centre works closely with the Indian Ministry of Environment and Forests (MoEF), the Planning Commission, and the Central Pollution Control Board (CPCB), among other regulatory and decision-making bodies. It also facilitates policy development at the national and state levels.
With the Ministry of Environment and Forests, CESD works on international policy development for climate change, biodiversity and sustainable development. On the domestic front, it works with the Ministry on hazardous waste management, e-waste, environmental clearances, clean technology and clean production, among other initiatives.
CESD’s involvement with the Government of India's Planning Commission includes its participation in the Low Carbon Expert Group and the twelfth Five Year Plan steering committee on environment & industry. It also helps companies assess the effect of emerging regulations on their business.
CII Climate Change Council spearheads industry policy advocacy on climate change issues in India. The Council works as a bridge between government and industry on various climate change initiatives and policy issues.
The Council keeps abreast with national as well as global policies and action on climate change issues and directs relevant policy research critical for India’s low carbon pathway.
Four working groups constituting representatives from Indian industry, under the council, are working on the following thematic areas:
Role of industry in shaping inclusive National Determined Contributions (NDCs) goals.
Power Generation using Waste Heat and Off-gases
Technology Needs Assessment of India for low carbon pathway and building a resilient society.
Developing a Tool called Climate Scan for analyzing and adapting risks related to climate change.
NVGs-BRR, CSR, and Integrated Reporting
CESD plays a key role in advancing policy frameworks that influence sustainable and responsible practices of business. It does so by working closely with Ministry of Corporate Affairs (MCA), Indian Institute of Corporate Affairs (IICA), and Securities and Exchange Board of India (SEBI).
CESD has been a part of development of National Voluntary Guidelines on Social, Environmental and Economic Responsibilities of Business or NVGs, and later Business Responsibility Reporting framework. CESD was closely involved in shaping "CSR legislation" in the form of Section 135 of Companies Act 2013 and the corresponding CSR Rules 2014. Since then, it has continued to influence MCA by submitting inputs to formal committees such MCA's High-level Committee on CSR.
CESD has also worked with the Department of Public Sector Enterprises to create guidelines for the integration of sustainable development principles into corporate Memorandums of Understanding. It is both an architect of the guidelines and a key member of the taskforce for review of memorandums.
Most recently, CESD helped SEBI develop its voluntary requirement on integrated reporting applicable to top 500 companies listed on national stock exchanges, such as BSE and NSE.
<IR> Lab India is a collective of companies, investors, regulators, accounting firms and academics, to practice and advocate in India, and to bridge with IIRC and country networks. CESD set up <IR> Lab India in partnership with International Integrated Reporting Council (IIRC), to introduce integrated reporting to India.
<IR> Lab India is chaired by Mr Koushik Chatterjee, Group Executive Director (Finance, Corporate & Europe) Tata Steel. Mr Chatterjee and Mr Y C Deveshwar, Chairman, Advisory Council, CII-ITC CESD, and Chairman, ITC are members of the Council of IIRC.
<IR> Lab India invests in research, analysis and development of know-how that would aid advocacy and practice, and result in proliferation of <IR>. It hand-holds companies embarking on their integrated reporting journeys. <IR> Lab has worked with India’s Securities regulator namely SEBI on its Circular on integrated reporting asking top 500 listed entities to voluntarily adopt integrated reporting. It is guided by three sets of objectives.
Advocate integrated thinking, integrated reporting and capital valuation among companies and investors in India
Advocate with government, regulators, and other eco-system actors, to create enabling environment for capital valuation and integrated reporting
Advocate with IIRC on perspectives and views of business in India on <IR>
Guide and assist companies in integrated thinking, integrated reporting, and identifying new business portfolios
Help companies with business model articulation, and valuation of social and natural capitals
Conduct gap analysis for companies starting out with integrated reporting
Share good practices from integrated reporters around the world, including other emerging market companies
Undertake training and capacity building workshops
Develop content of integrated reports and support drafting of specific sections of companys’ annual reports
Create knowledge products such as analytical reports and tools to aid companies with integrated thinking, integrated reporting, and capital valuation
Participate in IIRC’s working groups and technical groups on behalf of <IR> Lab India members
Conduct independent studies on the utility and benefits of integrated reporting
Annual membership fee for <IR> Lab India is Rs 2.5L which provides access to reports, guidance, newsletters, branding in all communication, and engagement in policy making.
For further details please contact Priyanka Mathur at email@example.com
<IR> Lab frequently conducts webinars, training programmes, and publishes newsletters and reports focused on integrated reporting. It also conducts workshops on relevant topics and hosts various platforms for learning, networking and encouraging the uptake of integrated reporting.
<IR> Lab India hosted a workshop on integrated reporting for its members and relevant partners. This workshop was aimed at diving deep into the concept of integrated reporting. Topics covered were:
· Elements of the Integrated Reporting & <IR> framework· Getting started with Integrated Thinking and Reporting
· Synergies between different reporting frameworks
· Discussion on materiality, interdependencies, six capitals, etc.
3. Materiality, Capitals & Interconnectivity
<IR> Lab India hosted its second workshop on Integrated Reporting for its members and relevant partners. This workshop aimed at diving deep into critical aspects of <IR> namely materiality, six capitals and interconnectedness between the capitals. It builds on the first <IR> workshop and various elementary webinars organized to date. The workshop was also designed in a manner to feed creation of <IR> guidance document in India.
Experiences and Insights from South Africa
<IR> Introduction and Developments
How to make a meaningful Integrated Report?
A Primer to Integrated Thinking
Why undertake <IR>: External Pressure and Internal Necessity
Integrated Reporting (<IR>) is a process founded on integrated thinking that results in a periodic integrated report by an organisation about value creation over time and related communications regarding aspects of value creation.
The outcome of this process, an integrated report, is a concise communication about how an organisation’s strategy, governance, performance and future prospects, in the context of its external environment, lead to the creation of value in the short, medium and long term.
Objectives of <IR>
Improve the quality of information available to providers of financial capital to enable a more efficient and productive allocation of capital
Promote a more cohesive and efficient approach to corporate reporting that draws on different reporting strands and communicates the full range of factors that materially affect the ability of an organisation to create value over time
Enhance accountability and stewardship for the broad base of capitals (financial, manufactured, intellectual, human, social and relationship, and natural) and promote understanding of their interdependencies
To foster appreciation, both within the organisation and among its stakeholders, of the extent to which the organisation's ability to create and sustain value is based on financial, social, economic and environmental systems and by the quality of its relationships with its stakeholders
Need for <IR>
Increasingly, businesses are expected to report not just on profit but on their impact on the wider economy, society and the environment. It is imperative to look at sustainability issues and how they relate to success of business. However, there is still a huge gap in understanding how they affect business risks, business planning, and identifying growth opportunities. Companies continue to be valued on their financial health.
Creating value from a range of inputs or ‘capitals’ available to an organisation is fundamental to its success. Understanding and communicating this is a key element of corporate reporting. The companies that have started with ecological or social valuations struggle to make financial connect and integrate into the overall valuation of business.
Due to the increasing complexity of factors that a business must acknowledge, existing forms of corporate reporting are ineffective in supporting organisations to comprehend and portray an accurate nature of their operations.
Integrated Reporting is a new corporate reporting model designed to address this gap by supporting a more resilient business environment through a shift in the way organisations understand their business, and enable better decision making by providers of financial capital.
Integrated Reporting tries to link sustainability strategy to business strategy and has three fundamental key concepts.
Value creation for the organisation and others,
The value creation process.
Integrated thinking deals with value creation over short, medium and long term, and the integrated report tells the story of the journey that an organisation has embarked on to create value, in a clear and concise manner.
The primary purpose of an integrated report is to explain to providers of financial capital and stakeholders such as employees, customers, suppliers, business partners, local communities, legislators, regulators and policymakers, how an organisation creates value over time.
Securities and Exchange Board of India (SEBI) through its circular on 6 February 2017, advised the top 500 listed companies to voluntarily adopt Integrated Reporting (<IR>), additionally to the existing Business Responsibility Reports (BRR) mandate. <IR> will be applicable from FY2017-18 onwards.
Salient Features of the circular
SEBI is in sync with IIRC’s definition that an integrated report aims to provide a concise communication about how an organisation’s strategy, governance, performance and prospects create value over the short, medium and long term. It is left to the discretion of the company to decide the timeline of short, medium and long term.
SEBI makes reference to the 6 Capitals and 7 Guiding Principles of the <IR> Framework
Companies have three options of doing their <IR> viz. create a separate chapter in their annual report, incorporate it in their Management Discussion and Analysis section and re-structure the annual report following the <IR> Framework
<IR> is voluntary and hence cannot be substituted for Listing Obligations and Disclosures Requirements including BRR or any other voluntary sustainability frameworks such as Global Reporting Initiative (GRI), Sustainability Accounting Standards Board (SASB) already adopted by companies.
Drawing from the <IR> Framework, the circular advises cross referencing in order to avoid repetition and duplication.
Allowing companies to put up the report on their website and not necessarily print it along with the annual report is another noteworthy feature.
SEBI is a valued member of <IR> Lab India and the circular on integrated reporting was drafted by SEBI in consultation with <IR> Lab and its members.
The International Integrated Reporting Council (IIRC) is a global coalition of regulators, investors, companies, standard setters, the accounting profession and NGOs. Together, this coalition shares the view that communication about value creation should be the next step in the evolution of corporate reporting.
The IIRC is the global authority on <IR>. Its mission is to enable Integrated Reporting to be embedded into mainstream business practice in the public and private sectors.
Prof Mervyn King is the Chairman and Richard Howitt is the CEO of IIRC.
CESD is represented on IIRC Council by Mr Y C Deveshwar, Chairman, Advisory Council, CESD, and Chairman, ITC Ltd.
For international knowledge resources and database of examples of integrated reports, please visit IIRC website.
Investor research on integrated reporting by Indian companies
Since the launch of the Integrated Reporting <IR> Framework in December 2013 by IIRC, there have been various investor studies to build a case for it. The studies are global in scope, i.e., with focus on global investors and on global companies mostly headquartered in advanced industrialised countries. These studies tend to serve as references of the changing expectations of investors on disclosures from companies. Expectation of the participating investors are driven by conditions of financial markets, movement of financial flows, and reporting jurisdictions that are different from emerging countries.
Besides the high-level statistics and headlines, there are finer details that should be understood when trying to build investor case for integrated reporting from Indian companies. Currently, there are no India-specific studies to indicate expectations of investors from Indian companies, and the differences between global and Indian investors. Devoid of such insights, Indian companies are not really aware of the expectations of investors and therefore, the aspects of business the companies should focus on.
It is in this context, that CII-ITC Centre of Excellence for Sustainable Development is undertaking investor research on integrated reporting by Indian companies. This research will serve as reference for integrated reporting for Indian companies, investors, and regulators.
CESD is undertaking the investor research with two clear objectives.
Produce India-specific perspectives and expectations of investors on integrated reporting that act as reference on the subject matter
Basis the perspectives and expectations, create an appropriate case for integrated reporting for Indian companies, investors and regulators
CESD is conducting this research with the following hypothesis.
H1: Investors, particularly in advanced industrialised markets, are looking for better disclosures on non-financial aspects of Indian companies, preferably in the form of integrated reporting, that help them make informed investment decisions
The investor research will be mainly primary research. Primary research will entail one-one interviews with select Indian and international investors interested in Indian companies. Approximately 30 minutes long, the interviews will be conducted by CESD researchers. These interviews will be open to members of <IR> Lab India to participate in. CESD will share the schedule of interviews as it develops.
Primary research will be complemented by secondary research. Secondary research that corroborate or is diagonally opposite with findings will add to the analysis and perspectives of the CESD research.
Questionnaire development and analysis
A qualitative questionnaire will be developed to guide and structure interviews. CESD researchers will share the draft questionnaire with members of <IR> Lab India for inputs. There will be five to seven broad questions each focussed on specific issue. Keywords and indicators in the questions will contribute to specific topic of analysis.
Selection of investors
CESD will identify two sets of investors to interview. One will be those that are already invested in members of <IR> Lab India. There are around 40 investment firms invested with the eight corporate members of <IR> Lab India. CESD will seek help of corporate members of <IR> Lab India to connect to their investors. Interviews in such cases will not be about the particular company that the investor is invested in. The other set will be investors that are interested in Indian companies. There will be another distinct ten investment firms in the second set. Both sets of investors will be of Indian and foreign origin. CESD will attempt to interview at least 20 investors.
What this study is not about?
This is not a survey to establish statistical validity of indicators
This is not to reflect perceived popularity of <IR> as the source of better disclosures
The study is scheduled for release in February 2018.
With a wealth of experience gained on integrated reporting, CESD has positioned itself as a subject leader in this space.
Materiality, per <IR> framework
Stakeholder consultation & feedback
Business model & articulation of business strategy
Natural capital & Social capital valuation
Contact Priyanka.firstname.lastname@example.org for further details
To guide and mentor business organisations in India on conservation and sustainable use, the CII-ITC Centre of Excellence for Sustainable Development launched the India Business & Biodiversity Initiative (IBBI).
This business-led initiative serves as a national platform for business, to promote sharing and learning, and will ultimately lead to mainstreaming sustainable management of biological diversity by business.
IBBI was initiated by the Ministry of Environment, Forests and Climate Change (MoEFCC), Government of India
To sensitise, guide and mentor Indian business organisations in biodiversity conservation and sustainable use related to their operations, across their value chain and beyond towards conservation of India’s biodiversity.
To lead Indian industry in:
Understanding the linkage and impacts of business operations on biodiversity
Advocacy on the need for biodiversity conservation and sustainable use
Identifying and partnering with Government, Non-Governmental Organisations and local communities to create synergies in biodiversity conservation
Documenting and sharing of local and global best practices in biodiversity conservation and sustainable use
Adoption of replicable local and global best practices.
Businesses of any size and from any sector can be a part of the initiative. The CEO of a member company is requested to sign a 10-point IBBI Declaration. By becoming signatories to the IBBI Declaration, companies endeavour to take action in some of the following areas:
Mapping biodiversity interfaces with business operations
Enhancing awareness on biodiversity within the organisation
Considering the impacts of business decisions on biodiversity
Setting objectives and targets for biodiversity management
Designating an individual within the organisation as biodiversity champion
Assessing biodiversity risks and opportunities
Including the applicable biodiversity aspects in the environmental management systems
Encouraging relevant stakeholders to support better biodiversity management
Engaging in policy advocacy and dialogue with Government, NGOs and academia on biodiversity concerns
Initiating the valuation of relevant biodiversity and eco-system services
Every two years the signatories are requested to make a public disclosure on the progress made on the Declaration.
The member companies of IBBI have signed the IBBI Declaration, demonstrating commitment towards biodiversity. Members are small, medium-sized and large companies representing various industry sectors.
INDIAN INSTITUTE OF FOREST MANAGEMENT
The Indian Institute of Forest Management is a sectoral management institute, which constantly endeavours to evolve knowledge useful for the managers in the area of forest, environment and natural resources management and allied sectors.
INTERNATIONAL UNION FOR CONSERVATION OF NATURE (IUCN) /LEADERS FOR NATURE
The International Union for Conservation of Nature is the world’s oldest and largest global environmental organization.Through national, regional, and global initiatives, IUCN supports dedicated forums to share knowledge, facilitate research and policy dialogue, design training programmes, and provide policy support.
NATIONAL BIODIVERSITY AUTHORITY (NBA)
The National Biodiversity Authority was established in 2003 to implement India’s Biological Diversity Act (2002). The NBA is a Statutory, Autonomous Body and it performs facilitative, regulatory and advisory function for the Government of India on issues of conservation, sustainable use of biological resources and fair and equitable sharing of benefits arising out of the use of biological resources.
UN SECRETARIAT OF CONVENTION ON BIOLOGICAL DIVERSITY
The Secretariat of the Convention on Biological Diversity (SCBD), based in Montreal, Canada, was established to support the goals of the Convention on Biological Diversity (CBD). Its primary functions are to organise meetings, prepare reports, assist member governments in the implementation of the various programmes of work, coordinate with other international organisations and collect and disseminate information.
WILDLIFE INSTITUTE OF INDIA (WII)
Established in 1982, Wildlife Institute of India is an internationally acclaimed institution, which offers training program, academic courses and advisory in wildlife research and management. The institute is actively engaged in research across the breadth of the country on biodiversity related issues.
WORLD WILDLIFE FUND (WWF)
World Wildlife Fund was set up in 1961, and today it is one of the world’s leading conservation organisations, with a presence in more than 100 countries. A challenging, constructive, science-based organization WWF addresses issues like the survival of species and habitats, climate change and environmental education.
Research And Advisory
CII-IBBI has developed several tools which help companies to understand the impacts and dependencies of their project, better communicate results of assessments and help them mainstream biodiversity in their business operations as well as value chains. IBBI tools address International standards and other important requirements during the assessment.
Biodiversity Quick Scan 2.0
This tool primarily offers screening with a specific focus on biodiversity and ecosystem services, to measure natural capital that is already being managed by the company. It provides self-assessment by identifying impact and dependencies on biodiversity and ecosystem services in the value chain. The company is required to share significant data for analysis and the result is given as a score on different areas of action.
Biodiversity Need Assessment
This is biodiversity assessment based on a comprehensive study of the biological diversity (flora & fauna) at the site and assessment of impacts and risks (direct and indirect) on them due to project activities undertaken by the company. It also includes mapping of ecosystem services available and their linkages with project activities. This tool further helps in developing companies’ Natural Capital Profile and action plans required.
Natural Capital Profile
This is a communication document for investors which gives insights into the stewardship of natural resources and companies’ performance. This provides companies a scope for improving their efficiency and operational performance by mitigating risks that may have material financial impacts on their business. This lends transparency to how the company manages its impacts & dependencies on biodiversity and ecosystem services.
Natural Capital Action Plan
Natural Capital Action Plan (NCAP) is a site-specific assessment study and document preparation for guiding a company to improve the biodiversity quotient of a particular project as well as to mitigate risks. It involves identification, evaluation and action plans for conservation and enhancement of biodiversity and ecosystem services. This document enables site management to maintain or improve biodiversity values during operational and post-closure phases of the project.
Ecosystem Service Matrix (ESM)
The ESM tool developed in-house under CII-IBBI, is used to map the risk areas related to various ecosystems and ecosystem services on which business is dependent or impacting. ESM uses the risk-based approach based on ISO 31000 principles for biodiversity risk assessment. The methodology includes a risk based approach, where different ecosystems are mapped and the level of ecosystem services provided by them to industry are identified. The mapping of biodiversity and ecosystem services for business own operations as well as supply chain helps in understand biodiversity relevance with business.
Steps involved in the ESM assessment are:
Step 1: Demarcation of critical ecosystem and ecosystem services in company value chain
Step 2: Assesses the company impacts and dependency on the ecosystem and ecosystem services
Step 3: Mapping present management level to address company impacts and dependencies
Step 4: Identify risk areas
Natural Capital Valuation (NCV)
NCV is a performance measurement and management toolkit that enables business managers to design appropriate responses to global and local environmental threats across company operations, upstream & downstream value chain. NCV helps measure and monetize natural capital externalities to drive sustainable growth and deliver measurable value to all stakeholders.
Green Belt Development
Green Belt development around an industrial site is required to reduce the effect of pollution, keep the ecosystem intact, retain the biodiversity of the area and fulfill the requirement for Environmental Clearance. With its experience and use of traditional knowledge, IBBI strategically formulates a plantation plan for the company to develop a green belt that fulfills requirements and aids the company to mitigate negative impacts and support local biodiversity.
Biodiversity Indexing of the sites and corporate levels
This tool is based on the City Biodiversity Index (CBI) methodology of Convention of Biological Diversity (CBD). IBBI has modified the methodology to best suit for depicting the project area biodiversity status and calculating biodiversity index. It is a method of scientifically assessing the level of biodiversity (flora, fauna & ecosystem services) that exists within the company’s boundary along with management plans of the company. The indexing is developed based on 100 percentile and benchmarks companies on the work taken up for biodiversity conservation. This indexing system is formulated with a working group & green assessor under IBBI.
IBBI Session Briefs
BIODIVERSITY VALUES FOR SME's
The session focussed on how various stakeholders in the SME sector can adopt approaches to address and mitigate biodiversity loss and create a global image for themselves as biodiversity friendly product provider. SME’s in India can become Pro Biodiversity Businesses and cover three axis of engagement: conservation of biodiversity through the long-term sustainable use of biological resources, positive commercial returns on investments, and social, employment and cohesion benefits arising from the use of biological resources. Basically, the SMEs can strive to generate positive financial and biodiversity returns.
The session presented global experience on SME work on biodiversity and the opportunities arising out of it, policy intervention globally to make it happen and Innovative ways to achieve it.
MAINSTREAMING BIODIVERSITY FOR ACHIEVING THE GLOBAL GOALS
During the United Nations Summit for the adoption of the post-2015 development agenda, held in September 2015, Member States agreed on a global agenda, entitled “Transforming our world: the 2030 Agenda for Sustainable Development”, with the overarching goal of eradicating poverty and achieving sustainable development.
Business has a critical role to play and self-interest in contributing to delivering the Global Goals and NBTs as they are directly or indirectly dependent on the biodiversity and ecosystem services (natural capital). By developing a better understanding and proactively addressing the Global Goals, companies will be able to better manage their risks, anticipate consumers’ demand, secure access to needed resources, differentiate themselves from competitors, and strengthen their supply chains. The session highlights how the businesses are integrating biodiversity in their decision making to achieve the The Global Goals.
IBBI SESSION AT CBD COP13, CANCUN, MEXICO
The ‘Biodiversity in Good Company’ Initiative and India Business & Biodiversity Initiative (IBBI) organised a joint session at CBD COP 13, Mexico to share the experience on biodiversity mainstreaming practices by the German and Indian Businesses.
The session was chaired by Dr. Elsa Nickel, Director-General Nature Conservation and Sustainable Use of Natural Resources, Federal Ministry for the Environment, Nature Conservation, Building and Nuclear Safety and Dr. Amita Prasad, Additional Secretary, Ministry of Environment, Forest and Climate Change, Government of India. Both offices appreciated work done by the businesses and also suggested more ways to make biodiversity topic more prominent.
The India Business & Biodiversity Initiative (IBBI) released a publication “Reimagining Business for Biodiversity Enhancement: Case Studies from Indian Industry” which is a collection of case studies from 9 different Indian companies. The publication highlights work of 9 IBBI member companies in the field of Agriculture, Forestry, Mine, Medicine, Automobile and Infrastructure and how mainstreaming biodiversity benefitted the overall sustainability of their products. These publication also presents analysis of the business cases of the companies work and linked their activities with India’s 12 National Biodiversity Targets (NBT’s).On the occasion IBBI released a short film on the work of mainstreaming by three IBBI member companies in the field of Agriculture & Furniture sector. The film “Learning from nature” presents first-hand site findings and observations of local stakeholders upon companies work for sustainable management of agriculture and judicious use of forest resources to minimise impacts and dependences on biodiversity.
IBBI works on policy and regulatory aspects at state, national and international level related to environment, biodiversity and ecosystem services. It specifically works on Biological Diversity Act and Access Benefit Sharing Guidelines. With respect to policy it works to:
(a) build awareness and capacity among business and its stakeholders on biodiversity management;
(b) document, showcase and promote good business practices in India and globally; and
(c) Advocate public policies at national and international level.
At the international level, IBBI is part of CBD’s Global Platform for Business and Biodiversity (GPBB) and IBBI represents Indian industry at various national and international platforms and forums like WEF, UNCCD, BFN, CBD Post 2020 and various government consultations.
Expert Group on Biodiversity Policy (EGBP)
At national level IBBI hosts an EGBP consisting of representatives from companies & sectoral initiatives, academia and government collaboratively working on policy aspects. As and when required specific working group(s) are also formed based on specific policy brining in the expert pool to address the concern under discussion.
At state level, as per the requirement, various state level or regional working group(s) are formed to address the specific policy issues at state level.
Access and Benefit Sharing (ABS) Guidelines
IBBI supports Indian Industry to address the issues with respect to implementation of ABS and facilitates dialogue exchange with relevant stakeholders and government. It has a working group consisting on experts on ABS from industry, government, academia and NGO’s constantly working to enable ABS implementation across Indian businesses.
IBBI in partnership with GIZ is working to strength effective governance for ABS. It facilitates stakeholder dialogues to understand the issues, identify the gaps for implementation and enable ABS implementation. IBBI is working at state level in the states of Maharashtra, Tamil Nadu and Uttarakhand.
Strengthening Effective Governance of Access and Benefit Sharing
CII jointly with State Biodiversity Boards (SBBs) and GIZ is organizing workshops to bring together leading actors from biodiversity boards, businesses and civil societies to develop an interactive stakeholder engagement platform, to identify challenges and scalable solutions for BD Act implementation at state level in the states of Maharashtra, Uttarakhand and Tamil Nadu.
So far two state level workshops- in the state of Maharashtra at Pune & Nagpur and in the state of Uttarakhand at Dehradun have been conducted with participation of about 30-40 members per workshop. Two state level biodiversity working groups are: one at the state of Maharashtra – Maharashtra Biodiversity Working Group (MBWG) and one at the state of Uttarakhand- Uttarakhand Biodiversity Working Group (UKBWG).
For joining the working groups please write to us at: email@example.com
The key objective of the working groups will be:
Awareness and capacity building on Biological Diversity Act implementation
Research and Analysis of sectoral application of Biological Diversity Act
Standardizing SOPs and knowledge products for the implementation of Biological Diversity Act
Creating FAQs and communication channels for addressing the queries and issues
Documenting best practices and case study examples on successful implementation of Biological Diversity Act