Abstract:
ESG stands for Environmental, Social & Governance. ESG frameworks are referred to when measuring the sustainability performance of a company or investment. Today, many investors, companies & trading platforms are integrating ESG aspects into their investment strategies to better manage the business and the assets beyond compliance.
The speaker will introduce the evolution of ESG in this perspective and share experience on the challenges and opportunities for adoption in India. Findings of the stakeholder survey presented in the report ESG Pulse Check will also be discussed. Suggestions will be made on how ESG could be a value proposition to the organizations for making their business future ready.
Bio of the Speaker:
Prasad Modak holds B Tech (Civil Engg), M Tech (Environmental Science and Engg) from Indian Institute of Technology (IIT) Bombay and Doctor of Engg (Environmental Engg) from Asian Institute of Technology, Bangkok.
Dr Modak was a Professor at Centre for Environmental Science & Engineering at IIT Bombay (1984-1994) and later as Professor (Adjunct) at the Center for Technology Alternatives in Rural Areas (CTARA) (2009-2017). He is currently the Managing Director of Environmental Management Centre Pvt Ltd. (www.emcentre.com) and Director of Ekonnect Knowledge Foundation (www.ekonnect.net).
Dr Modak has worked with almost all key UN, multi-lateral and bi-lateral developmental institutions in the world. These include the World Bank, IFC, Asian Development Bank (ADB), Asian Infrastructure Investment Bank (AIIB), European Investment Bank (EIB), UNEP, UNIDO, UNITAR, UNDP, DFID (UK), Swedish and Dutch Embassies in India, etc., and intergovernmental organizations such as the Asian Productivity Organization, Tokyo. Apart from the Government of India and various State Governments, Dr Modak’s advice is sought by Governments of Bangladesh, Egypt, Indonesia, Mauritius, Thailand and Vietnam.
Dr Modak was a member of Indian Resources Panel (IRP) at Ministry of Environment, Forests and Climate Change (MoEFCC) and currently is a Member of Task Force on Sustainable Public Procurement at the Ministry of Finance and on the Advisory Committee on G20 India Presidency - Circular Economy set up by Ministry of Environment, Forests and Climate Change. Currently, he chairs the Product Advisory Committee set up by NCDEX on the carbon market.
Dr Modak has published several journal articles, chapters and books on environmental management and specifically on CE. His book on EIA for Developing Countries was published by UN University (1999) and later reprinted by Oxford University Press (2005). Later, this book was translated into Chinese and Japanese. His book “Environmental Management Towards Sustainability” was published in December 2017 with CRC Press of Taylor and Francis Group. His latest book on Practicing Circular Economy for the CRC Press was released in June 2021.
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