Enterprises are increasingly seen as critical components of the social system, not only because they are accountable to their shareholders from a revenue and profitability perspective but also to the larger society which is also its stakeholder. Hence, adoption of responsible business practices in the interest of the social set-up and the environment are as vital as their financial and operational performance.
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’. These guidelines contain comprehensive principles to be adopted by companies as part of their business practices and a structured business responsibility reporting format requiring certain specified disclosures, demonstrating the steps taken by companies to implement the said principles. The Securities and Exchanges Board of India (SEBI) in 2012 based on these guidelines mandated the top 100 companies (presently top 500) to furnish Annual Business Responsibility Report (ABRR) providing an impetus to the uptake of NVGs by business.
The key takeaways from the webinar are –
Understand the principles and core elements for ethics covered under the national guidelines.
Detailed understanding of the suggested approach towards adopting the guidelines.
Detailed understanding on the indicators as metrics for businesses to self-monitor their progress on implementation of the principles.
Understanding of the ethics policy for SEBI BR Reporting.
Venue: CII-ITC Centre of Excellence for Sustainable Development, 3rd Floor, Andhra Association Building 24-25, Lodhi Institutional Area, New Delhi – 110003, , , India