CESGR aims to be a Centre of Excellence fostering sustainable and ethical organizations defining the future of responsible capitalism. It will focus on facilitating cutting-edge research and dialogue to improve the ESG performance of organizations while nurturing an ecosystem for stakeholder capitalism in India.
Driven by the mission statement, during its initial years of operation, the Centre shall focus on developing its capabilities in select areas of ESG integration - in line with global trends while being equally mindful of the contextual realities of India.
1. ESG Impact on Organizations: Materiality, Enterprise Value and Risk
A core focus area of CESGR will be to initiate and support empirically grounded research to contribute to the emerging state-of-the-art scholarship on how ESG factors impact organizations which includes — materiality assessment, impact on long term enterprise value, and overall risk profile of organizations.
2. ESG Reporting, Transparency, and Data Infrastructure
The ESG Centre will actively engage with multiple stakeholders to help develop the ESG data infrastructure, fine-tune the ESG measurement frameworks, reporting structures, and impact assessments methods to fit with the requirements of the Indian organizations.
3. ESG and Investment Stewardship
CESGR shall aim to develop an informative index of ESG performance that is empirically grounded and based on a deeper qualitative understanding of the operations and contextual factors for Indian enterprises.
4. ESG and Corporate Social Responsibility
The Centre shall support research and investigations to develop insights on linkages between the company’s CSR initiatives, associated performance along ESG dimensions, and evaluation of the impact on overall enterprise value and risk profile.
Research and Insights
CESGR shall support research projects aligned with the core mission and focus areas. Research support could include competitive research grants, fellowships, and support for doctoral research. The Centre may also support data procurement and collection activities through surveys, interviews, and other electronic means to curate primary and secondary data to support research undertakings. A core research outcome shall be the development of an India specific ESG metric.
Advisory and Consulting
CESGR at IIMA will actively engage with companies, investors, and other organizations on short-term consulting projects and advisory services that leverage the core strengths and scholarship developed at the Centre. Advisory services will also include enterprise-level application of the metrics, methods, and frameworks developed at the ESG Centre.
Training, Outreach, and Knowledge Dissemination
CESGR will support the design and development of teaching and training materials including but not limited to case studies, simulations, multimedia content, and other novel pedagogical tools. The teaching content and material developed shall be used in teaching and learning programmes conducted by the Centre and its affiliates. CESGR will conduct periodic outreach and knowledge dissemination activities like expert webinars, public talks, and panel discussions. It will also conduct a flagship annual conference on ESG, with the goal to become a thought leader and an influential platform for sharing research, insights, and conversations among scholars, practitioners, policymakers, and the media.
Advocacy and Impact on Policy Design
The Centre will facilitate dialogue and knowledge sharing between the multiple public stakeholders in the country to help in evidence-based policy design and standards-setting for the ESG ecosystem in India.
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