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₹5.4 LAKH CRORE. That is the amount India’s premier oil and gas explorer Oil And Natural Gas Corporation (ONGC) and three public sector oil marketing companies, IOC, BPCL and HPCL, plan to invest in reducing their carbon footprint. Ironically, their mandate is to either explore or refine carbon-producing fuels—oil and gas.
The enthusiasm shown by these energy giants is not surprising. For past few years, corporate governance has been defined to a large extent by ESG (environment, social and governance), a framework that covers a set of practices organisations implement to limit the negative impact on environment, society and governance. It has also become part of strategic vision in India Inc. boardrooms, fuelled changes in global business environment, demand from MNC customers and government’s backing to climate-friendly businesses.
That’s the vision. The reality is a bit different. An ‘ESG preparedness survey’ of 150 Indian corporates in May by Deloitte India found that while commitment to ESG principles is high, there is a significant gap in preparedness and action. The survey found that merely 27% Indian organisations feel adequately equipped to meet their ESG strategy and compliance requirements and only 15% believe their suppliers are prepared to comply with their ESG requirements.
“Organisations are grappling with evolving expectations on ESG compliance and disclosure from investors, boards, governments and consumers,” says Viral Thakker, partner and sustainability leader, Deloitte India.
Global Momentum
Diese Geschichte stammt aus der July 2023-Ausgabe von Fortune India.
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Diese Geschichte stammt aus der July 2023-Ausgabe von Fortune India.
Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.
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![Former Philadelphia City Councilwoman Donna Reed Miller has made Transition](https://reseuro.magzter.com/100x125/articles/27264/1751455/891BHfXKb1719901445204/FORMER-PHILADELPHIA-CITY-COUNCILWOMAN-DONNA-REED-MILLER-HAS-MADE-TRANSITION.jpg)
Former Philadelphia City Councilwoman Donna Reed Miller has made Transition
Councilwoman Donna Reed Miller was just out at the Germantown Juneteenth Festival a couple of weeks ago, enjoying the day with her grandchildren and daughter, and now, she has made her transition.
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Supplemental Security Income for children with disabilities
Did you know that Social Security's Supplemental Security Income (SSI) program provides cash payments to children with disabilities whose families have limited income and resources?
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That Girl Lay Lay hits Philly with concert
Have you heard of Alaya \"That Girl Lay Lay\" High? If you are in your early teens, you do? This young rap artist took the industry by storm.
![The State of Chester City](https://reseuro.magzter.com/100x125/articles/27264/1751455/ylgj66NNt1719904563293/THE-STATE-OF-CHESTER-CITY.jpg)
The State of Chester City
Six months into his term in office, Chester Mayor Stefan Roots gave his first \"State of the City \"address on Tuesday morning on Widener's campus in Latham Hall.
![Keeping Camden Clean](https://reseuro.magzter.com/100x125/articles/27264/1751455/Ql25oIKIs1719904724892/KEEPING-CAMDEN-CLEAN.jpg)
Keeping Camden Clean
Mayor Carstarphen and volunteers continue their clean-up events in the Camden Community to achieve their goal of a cleaner and safer community for the county's residents.
![ORGANIC MODERN](https://reseuro.magzter.com/100x125/articles/21967/1743628/QrQVh7G-B1719917631177/ORGANIC-MODERN.jpg)
ORGANIC MODERN
KASIE DINELLA OF MEND INTERIORS INJECTS A NEW HAMPSHIRE HOME WITH WOOD TONES, ALONG WITH BLUES AND GREENS, TO GIVE IT A FRESH, CLEAN FEEL.
![SUMMER HOUSE](https://reseuro.magzter.com/100x125/articles/21967/1743628/4iqWh0Lup1719916983042/SUMMER-HOUSE.jpg)
SUMMER HOUSE
KENNERKNECHT DESIGN GROUP CREATES A TIMELESS NEW ENGLAND AESTHETIC ON THIS SMALL ISLAND 30 MILES OUT TO SEA.
![Dreamscape](https://reseuro.magzter.com/100x125/articles/21967/1743628/YZHq39YXK1719920518690/DREAMSCAPE.jpg)
Dreamscape
Dan Gordon Landscape Architects designs an idyllic outdoor setting for a young family.
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School in West Africa enjoys the benefits of growing partnership with Franklin Towne Charter Elementary School
PHILADELPHIA, June 2024 - For the young students of the Benia International School in Duazon, Liberia, the shipment was an answered prayer.
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Pennsylvania court will decide whether skill game terminals are gambling machines
HARRISBURG, PA. (AP)-Pennsylvania's highest court will decide whether the cash-paying electronic game terminals that have become commonplace in convenience stores, bars, and elsewhere are unlicensed gambling machines and, as a result, must be shut down.
![Through the window of Bill's Barbershop (Pt 2)](https://reseuro.magzter.com/100x125/articles/27264/1751455/EqCBdgVbe1719903105836/THROUGH-THE-WINDOW-OF-BILLS-BARBERSHOP-PT-2.jpg)
Through the window of Bill's Barbershop (Pt 2)
Let us journey back to the winter of 1958 when my grandfather William Bryant came home to his loving wife after another hard day's work as a gas line repairman for the Philadelphia Gas Company.
![WEST COAST MEETS NORTH SHORE](https://reseuro.magzter.com/100x125/articles/21967/1743628/GW9qvrn0G1719916577336/WEST-COAST-MEETS-NORTH-SHORE.jpg)
WEST COAST MEETS NORTH SHORE
A FARMHOUSE IN BEVERLY GETS A COASTAL MAKEOVER THAT MARRIES NEW ENGLAND CHARM WITH CALIFORNIA COOL.
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Storybook Ending
A collaboration between Found Design Studio and Carpenter & MacNeille transforms this 19th-century cottage into a gracious family home.
![RESORT LIFE](https://reseuro.magzter.com/100x125/articles/21967/1743628/bwXm-CRhc1719919649429/RESORT-LIFE.jpg)
RESORT LIFE
AN ANDOVER BACKYARD IS TRANSFORMED INTO A STAYCATION HAVEN
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Temple Landed On Me. I Didn't Land On Temple
An Update On Barber's Hall
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Mayor Cherelle L. Parker launches extended day, extended year school initiative
Mayor Cherelle L. Parker unveiled details for a high-priority Parker Administration initiative Extended Day, Extended Year School. Today's announcement is an important component of Mayor Parker's goal to provide economic opportunity for all Philadelphians.
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Pope Francis believes the world needs to laugh more. He's right
As an experienced class clown who long has felt the power of comedy to be vastly underappreciated, I was more than tickled to hear that Pope Francis had invited more than 100 comedians to an audience at the Vatican.
![CIVICS 101](https://reseuro.magzter.com/100x125/articles/27264/1751455/dRrs9FY0n1719904131399/CIVICS-101.jpg)
CIVICS 101
The first official \"Law of the Land\" for American citizens was and is the United States Constitution.
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Project 2025 is the new Southern Manifesto
\"Project 25 is a radical, extreme, pro-authoritarianism plan pushed by conservatives who are desperate to take our country backward.
![THE ART OF CREATING HOUSES](https://reseuro.magzter.com/100x125/articles/21967/1743628/dzaV4kH9U1719918110787/THE-ART-OF-CREATING-HOUSES.jpg)
THE ART OF CREATING HOUSES
AUTHOR JOHN R. DASILVA, FAIA OFFERS A DEEP DIVE INTO THE PSD'S SHINGLE-STYLE HOUSES.
![SLUMBER STYLE](https://reseuro.magzter.com/100x125/articles/21967/1743628/KI54Ayy1I1719917295614/SLUMBER-STYLE.jpg)
SLUMBER STYLE
INTERIOR DESIGNER BARI LIEBERMAN INTRODUCES COLOR, TEXTURE, AND PATTERN IN THIS BOLD BEDROOM
![ALFRESCO LIVING](https://reseuro.magzter.com/100x125/articles/21967/1743628/V4w45mpbt1719919315514/ALFRESCO-LIVING.jpg)
ALFRESCO LIVING
WILMINGTON-BASED REFINED RENOVATIONS AND ANDOVER-BASED ANDOVER LANDSCAPE DESIGN AND CONSTRUCTION BLUR THE LINES IN THIS ANDOVER RENOVATION.
![REIMAGINING the Past](https://reseuro.magzter.com/100x125/articles/21967/1743628/c6Ivw0li91719920187758/REIMAGINING-THE-PAST.jpg)
REIMAGINING the Past
Patrick Ahearn brings 19th-century character back to an 1850s farmhouse.
![CONCRETE COASTAL](https://reseuro.magzter.com/100x125/articles/21967/1743628/XYGsk5Scf1719919779931/CONCRETE-COASTAL.jpg)
CONCRETE COASTAL
SASHYA THIND WARMS CONCRETE WITH WOOD, CREATING CONTEMPORARY INTERIORS THAT FEEL PERFECTLY AT HOME ON THE WATER.
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THE LAST RAVE
Remembering a summer of estrangement.
![HOW THE WEST WAS LONG](https://reseuro.magzter.com/100x125/articles/8859/1751212/Vh1HXqPe-1719836720878/HOW-THE-WEST-WAS-LONG.jpg)
HOW THE WEST WAS LONG
“Horizon: An American Saga—Chapter 1.”
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TWICE-TOLD TALES
The seditious writers who unravel their own stories.
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CASTING A LINE
The hard-bitten genius of Norman Maclean.
![THE HADAL ZONE](https://reseuro.magzter.com/100x125/articles/8859/1751212/KiyGvpfRQ1719834860480/THE-HADAL-ZONE.jpg)
THE HADAL ZONE
Arwen Rasmont waits hours at Keflavík International for his flight; they call it as he leaves the men’s room. He walks past the mirrored wall and is assaulted, as usual, by his dead father’s handsome image: high-arched nose, yellow hair.
![OPENING THEORY](https://reseuro.magzter.com/100x125/articles/8859/1751212/9TQXbGoRi1719833635129/OPENING-THEORY.jpg)
OPENING THEORY
Ivan is standing on his own in the corner while the men from the chess club move the chairs and tables around.