Summary | Outlast: How ESG Can Benefit Your Business

Outlast: How ESG Can Benefit Your Business 

Author : Mukund Rajan  

Data is shaping the new world. Organizations are mining internal data for predicting and enhancing operational efficacy. In the digital age, the data is used to understand the behavior and influence customers. Use of data as enabled organizations to create value for shareholders. These technical advances have changed the way humans produce and consume natural resources resulting in stakeholders demand on business accountability for their social and environmental impacts. Further, regulation on environment, social and governance (ESG) issues have heightened to protect rights of citizens and the environment. In recent years, sustainability reporting has become a very important part, which combines financial and non-financial parameters.

Outlast: How ESG Can benefit your business, is about how Environmental factors, Social factors, Governance factors shape up the current and future business model using used cases in Indian context, covered in seven chapters. Environment, Social and Governance (ESG) has become critical to organizations for creating long term value to stakeholders. Environmental parameters enable organizations to focus on operations to reduce or optimize the natural resource. Social parameters enable organizations to enhance engagement and inclusiveness with employees, and society in general. Governance enables organizations to enhance performance that is transparent, fair for overall stakeholder value creation.

Many companies, yet to recognize the need to address these multidimensional challenges that needs to be addressed as regulatory compliance. Embracing ESG agenda to build resilience and competitive advantage is the requirement. With SEBI and MCA embarking transparency reporting on financial and non-financial parameters, this book comes handy.