KPMG in India concludes the second edition of ESG Conclave and Awards 2024 on a high note

Mumbai, 29 August 2024, The second edition of KPMG in  India’s ESG Conclave and Awards concluded on a high note with a full house turnout, that saw companies being honored for their leadership, innovation, and commitment to sustainable business practices. The event centered on the theme of Green and Inclusive Growth, highlighted   that in today’s environment, companies must reflect upon their learnings, adapt to be flexible, and evolve proactively with a forward-looking mindset real time for a sustainable future.

The event saw participation from a plethora of voices representing policymakers, investors ratings agencies, global think tanks, business owners, and business leaders. The participants agreed that , today the urgency to tackle climate change has never been greater. Further growth and sustainability need to go hand in hand, in line with India’s ambitious “ViksitBharat” programme (or Developed India). The deliberations highlighted that for any economy and for leading companies  the transition towards a green and inclusive future needs a deeper management of policy, people and underlying technologies. The economy, society, business and environment don’t exist in isolation -they are part of a system that interacts and influences one another. 

The discussions and deliberations focussed on opportunities and challenges in making this ESG transition with recognized leaders highlighting cutting edge programs, initiatives and best practices 

In the panel discussion titled, ‘Accelerating Green and Inclusive Growth’, panelist’s agreed that increasingly we will see firms getting measured and judged against their stewardship, net-zero plans, carbon footprints, new green products, and leadership in the transition and hence it would be crucial for companies to align strategy and business models with ESG goals, set transparent and measurable targets, design for circularity, promote green supply chains, adopt nature-based solutions, boost skilling and ensure purpose driven business growth.

 

The second panel discussion titled, ‘Enabling Green and Inclusive Growth – the role of the stakeholder ecosystem’, focused on how governance frameworks, board oversight, and stakeholder engagement, together with regulatory and policy actions can drive sustainable and equitable development in India. It also captured a wide range of viewpoints, from that of board members, policy makers, providers of finance, investors, and technology leaders.  

The winners in each of the categories were decided based on a meticulous, data-backed, and objective selection process, and evaluation by an esteemed jury. This was to ensure that deserving achievers and winners were brought to the fore and recognized.

Speaking on the occasion Yezdi Nagporewalla, CEO, KPMG in India said “As corporations, both Indian and global grapple with the challenges posed by climate change, social inequality, and governance challenges, integrating ESG principles into business strategies has become imperative, not only for fostering sustainability, but also for driving long-term value creation. At the very core of the ESG Conclave and Awards is our commitment to working towards aiding sustainable capitalism and green initiatives. The awards are a rightful recognition of the achievements of all the awardees, for having demonstrated clearly, that doing good to the society and the environment also means doing good to your businesses”

Sharing her views,  Namrata Rana, National Head of ESG said “ESG principles in Indian boardrooms represents a transformative opportunity for businesses to drive sustainable growth and create long-term value for all stakeholders. By embracing environmental stewardship, social responsibility, and good governance practices, companies can not only mitigate risks and enhance resilience but also seize opportunities for innovation, differentiation, and market leadership. As Indian businesses navigate an increasingly complex and interconnected world, integrating ESG considerations into decision-making processes is essential for building a more sustainable and prosperous future.

 

In all, 14 awards were given across two major categories across sectors. The winners are:

 

Large-Cap Companies 

 

Consumer Markets- Hindustan Unilever Limited 

Pharmaceuticals & Healthcare- Dr. Reddy’s Laboratories Limited

Industrial Markets & Automotive- Hindustan Zinc Limited

Infrastructure, Real Estate & Logistics- Godrej Properties Limited

Technology, Media and Telecom- Wipro Limited 

Financial Services- Yes Bank Limited

Energy, Natural Resources and Chemicals- Tata Power Company Limited

 

Mid-Cap / Small-Cap Companies 

 

Consumer Markets- Welspun Living Limited

Pharmaceuticals & Healthcare- Jubilant Pharmova Limited

Infrastructure, Real Estate & Logistics- Mahindra Lifespace Developers Limited & Chalet Hotels (Joint Winners)

Technology, Media and Telecom- Cyient Limited

Financial Services- Credit Access Grameen Limited

Energy, Natural Resources and Chemicals- DCM Shriram Limited

 

About KPMG in India 

 

KPMG entities in India are professional services firm(s). These Indian member firms are affiliated with KPMG International Limited. KPMG was established in India in August 1993. Our professionals leverage the global network of firms, and are conversant with local laws, regulations, markets and competition. KPMG has offices across India in Ahmedabad, Bengaluru, Chandigarh, Chennai, Gurugram, Hyderabad, Jaipur, Kochi, Kolkata, Mumbai, Noida, Pune, Vadodara and Vijayawada.

 

KPMG entities in India offer services to national and international clients in India across sectors. We strive to provide rapid, performance-based, industry-focused and technology-enabled services, which reflect a shared knowledge of global and local industries and our experience of the Indian business environment.