ESG Dashboard

India is in a bright spot in the world economy. There is a visible shift in the world economic order. Over the past few years India is witnessing a consistent GDP growth of 6-7% as against world GDP growth of 2-3%. India is now amongst the top 5 economies of the world. Climate Risk is a major threat to world economic growth. As per a study by CarbonBrief, a 1.5 – 2.0 Degree Celsius temperature increase will erode 8% - 13% of global GDP by 2100. In view of the above, the financial sector must play a pivotal role to drive the ESG agenda for the economy. The flow of funds towards ESG and Sustainability is critical for India to lead the world economic growth.
It is increasingly becoming important to measure and track the greenhouse gas (GHG) emissions of corporates. Appropriate measures and regular tracking of GHG emissions would be critical to assess the impact on the overall carbon footprint being generated by corporates – standalone and as a portfolio for a Bank or Financial Institution and also for whole Banking Sector. This ESG Dashboard Tool is a dynamic dashboard capturing the footprint for each corporate client/borrower and aggregating the entire emissions to a macro-level.
In its initial phase, the tool captures, measures and documents the six greenhouse gas (GHG) emissions for corporates, as per IPCC and calculates the emissions as Scope1, 2 and 3, as per GHG protocol’s guidelines. This data has multipronged benefits, as it helps create a mega repository of industry wise GHG emission data base which helps in inventorization, sector specific analysis and policy developments. This tool can help Banks and FIs assess their financed emissions (Scope 3) and comply with RBI’s Climate Risk policy by taking pre-emptive measures. Furthermore, with the tools high level technology and concept assessment, physical risk of investments can be highlighted through its detailed heat map. The tool can help develop SME specific guidelines as well as create an internal rating assessment model.

About IFCI

Industrial Finance Corporation of India.

• IFCI Ltd (Erstwhile Industrial Finance Corporation of India) was the first Development Finance Institution of independent India set up in 1948. Over the 75 years, IFCI (a Government of India Undertaking under Ministry of Finance) has played a pivotal role as a term lending institute for India’s economic growth by supporting industries and creating institutions. In recent years, IFCI has shifted focus to align itself with the requirements of the economy and has been supporting the Government of India as Project Management Agency to the Production linked Incentive Schemes (PLI Schemes). Apart from Government Advisory, IFCI also provides holistic financial advisory services i.e., Financial Appraisal/ Due Diligence/ Investment Analysis/ Bid Advisory/ Business Valuation/ Transaction Advisory Services, etc. to various Public Sector Undertakings and Private Clients. In view of the rising relevance and importance around sustainability, IFCI has commenced business operations in the field of ESG and Sustainability advisory services. IFCI’s ESG services include curating ESG policies, developing short term, mid term, long term ESG strategies, undertaking ESG reporting, BRSR preparation, assurance services, impact assessments, GHG inventorization, Climate Risk assessment amongst others.
• To learn more about IFCI Ltd, please visit https://www.ifciltd.com/

About TERI-SAS

TERI School of Advanced Studies

• TERI School of Advanced Studies is an internationally acclaimed research institute, renowned for its profound contributions to scientific and policy research in energy, environment, and sustainable development. Over the past 26 years, TERI SAS has been instrumental in fostering intellectual growth and advancing sustainable practices globally.
• To learn more about TERI-SAS, please visit https://www.terisas.ac.in/