Page 128 - BFSI CHRONICLE 10 th Issue (2nd Annual Issue ) .indd

BFSI Chronicle, 2 Annual Issue, 10 Edition July 2022
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emission because the first need of the hour is clearly divulge that as part of its ESG report as
to reduce the amount of carbon emissions and well as part of its annual report. He stressed
if carbon emissions continue at the current on saying that robust internal governance
level we will never be able to leave behind has become the need of the hour because
a sustainable society for future generations. if the objective is to build up sustainable
Today organizations are expected to report in organizations the only way that can be done
their annual reports as well what exactly is the is through effective corporate governance
ratio of male versus female employees, what is and corporate governance cannot be achieved
the representation of women in management without enterprise risk management and
committee and board committees and what without integration of the core fundamentals
steps is the organization taking to encourage of ESG. CMA Jivaasha iterated the strategies to
the inclusion of physically disabled people into integrate ESG with ERM- first was a successful
the workforce of the organization. So investors governance structure to send off the message
today want to know how an organization is from the top, the second step was, including
contributing towards building a sustainable ESG risks as part of the enterprise risk
society and also asking organization as to how management activities, third, a culture where
they are including different strata of society you are continuously measuring and reporting
within their fold. Today many organizations the level of ESG risk to the organization i.e. a
in addition to an annual report are coming out strategy to ensure integration of ESG with ERM
with a dedicated ESG report to tell the world and the fifth one which is a strategy about the
what they are doing in the space of ESG. Today culture building element about how do you
organizations have got lot of surplus funds spread the entire message of ESG within the
which are invested into different investment organization. As an end note he said that
asset classes and also invested into the equity of an organization which embodies corporate
different companies and nowadays companies governance builds up a very strong balance
make responsible investing by viewing the ESG sheet.
rating, given by the reporting agencies, of the CMA Dibbendu Roy, Additional Director &
investee companies. Final step is governance Deputy Secretary, BFSIB gave the vote of thanks.
and enterprise risk management where the He thanked the guest of honor CMA Jivaasha
focus is that every organization should have for his exhaustive presentation and also
board approved policies and procedures on thanked CMA Chittaranjan Chattopadhyay,
risk management and on corporate governance Chairman BFSIB, CMA Padmanabhan, CCM,
including robust internal governance steps and CMA Vijender Sharma, V.P. ICAI, for their
look at disclosure of emerging areas. Investors special address and Shri B.Rjakumar, Advisor,
today as well as shareholders today want to BFSIB and Shri Shyamal Ghosh Roy for their
know what are the emerging risk areas which guidance, CMA Arup Shankar Bagchi, HOD
can cause a problem to the organization and BFSIB for approval and support and BFSIB
the expectation is that the organization should team members for support.

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