Page 7 - Risk Management Bulletin Jan- Mar 2022

RMAI BULLETIN JANUARY - MARCH 2022

placement vs restoration costs. TDS offers end-to-end
Water Damage Restoration solutions that heavily em-
ploy Desiccant Dehumidifier to eliminate moisture
from affected material and makes use of high-veloc-
ity air blowers to accelerate the evaporation process
ensuring quick drying. It plays an instrumental role in
inhibiting the potential secondary and tertiary damag-
ing effects caused due to standing water which can
harbor fungus, mold, mildew, corrosion, etc.

By delving on vast industry knowledge, it has acquired
expertise in providing effective professional solutions
for water mitigation with the help of dehumidification
pathogenic agents which can rise from sewage or system. TDS services are acutely beneficial for busi-
floodwater. Given to the huge health and financial risks nesses as they reduce the interruption to production
it commands, no time must be wasted and professional activities by substantially minimizing the degree of loss
restoration services must be contacted with immedi- and saving on reconstruction costs and time. As a re-
ate effect. sult, the damage compensation expenses incurred by
the insurer are also decreased immensely.
In addition to the above three water categories, there
can be presence of regulated or hazardous materials The process involves water removal techniques that
like arsenic, mercury, lead, asbestos polychlorinated require Dehumidifier. It oversees all the intricate op-
biphenyls (PCBs), pesticides, fuels, solvents, caustic erations entailing evaporation and dehumidification.
chemicals, and radiological residues which can only be Coming with 200 man years of technical experience,
managed by specialized experts. TDS is highly adept at drying and restoring water dam-
aged assets like electromechanical equipment, genera-
Based on the category of water damage, a suitable tor, transformers, turbines, electronic equipment, com-
restoration process can be employed depending on the puter & data storage devices, documents, furniture,
extent of damage, degree of contamination, and re- structural components, etc.

ESG rating of 80% Indian firms just 'adequate' or 'below

average': Analysis
Indian companies have to catch up when it comes to the environmental, social, and governance (ESG)
disclosures, ranking modestly in a ranking for disclosures and risk management.
The analysis by Crisil Research shows 20 per cent of 586 Indian companies were in the 'strong' and 'leadership'
matrix. Nearly 80 per cent or 464 companies were placed as 'weak', 'below average' and 'adequate'.
The good news is that most companies saw an improvement in their ESG scores driven by better disclosures
and improved performance on various parameters, says Crisil.
"Leaders on ESG have demonstrated a clear commitment towards sustainability, and have consistently
delivered superior performance. In contrast, those in the 'weak' and 'below-average' categories have poor
disclosures and inadequate ESG risk-management practices. The uptake of sustainability in decision making
is very piecemeal in India Inc because of a lack of stewardship, and fiduciary persuasion to improve the ESG
quotient," said Amish Mehta, managing director and chief executive officer of Crisil.
"For ESG to truly be embedded and practiced in spirit, all stakeholders have to work collaboratively and create
a favourable environment for ESG in India. In addition to focussing in the near-term on targeted actions such
as decarbonisation, a mindset shift is necessary to transform from merely complying to creating value and
structurally mitigating risk," said Mehta.

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