Tag: ESG

Business

Experion Technologies Partners with ESG Playbook to Redefine ESG Reporting

Jun 11, 2024 by Sujata Muguda 0 Comments #A global leader in pr, #Binu Jacob, #ESG, #ESG Playbook to Redefine ESG Reporting, #Experion Technologies, #MD & CEO, #oduct engineering services ESG Playbook, #Sonia Zugel

11 June 2024, India — Experion Technologies, a global leader in product engineering services and digital transformation with over 17 years of industry experience, proudly announces a partnership with ESG Playbook, a leading player in ESG reporting with the most comprehensive platform in the industry. Recognizing the escalating significance of Environmental, Social, and Governance (ESG) reporting, this collaboration aims to provide comprehensive and cutting-edge solutions to address the evolving landscape of sustainability, risk management, and regulatory compliance.

Experion Technologies alliance with ESG Playbook

ESG reporting on a global scale is crucial, with over 95% of the world’s largest companies now publishing sustainability reports. This trend reflects a growing recognition of the financial impact of environmental, social, and governance factors, influencing investment decisions and corporate compliance toward more sustainable practices. According to a report by Morgan Stanley, in the first half of 2023 alone, sustainable funds attracted cumulative inflows of $57 billion, with almost all flows in Europe. That brought assets under management to more than $3.1 trillion—or almost 8% of total global AUM—by the end of June 2023.

In this strategic partnership, Experion Technologies will leverage its product engineering expertise, consulting services, integration, testing, and UI/UX capabilities to assist enterprises in navigating the complexities of ESG reporting. As a trusted partner to over 500 global customers across 37 countries, Experion remains committed to driving meaningful value, innovation, and shared success through digitally driven programs. This partnership between Experion Technologies and ESG Playbook not only streamlines ESG reporting but also ensures businesses stay ahead in embracing sustainability. By marrying their product engineering strengths with a comprehensive platform, Experion is simplifying the path for companies to demonstrate their commitment to responsible and ethical practices, fostering a positive impact on both the environment and their bottom line.

“ESG Playbook is the most comprehensive reporting platform currently in the market as an end-to-end platform, where teams can collaborate by streamlining the data collection and reporting of global regulations. The platform collects data through APIs or other traditional forms of interfaces to report on all three areas as prescribed by regulators. In addition to having engineered the product for ESG Playbook, Experion offers the ability to bring Big Data onto the platform and incorporate AI to facilitate ESG compliance and reporting seamlessly,” said Binu Jacob, MD & CEO, Experion Technologies.

“We are delighted to embark on this strategic partnership with Experion Technologies – their in-depth product engineering knowledge, coupled with a profound understanding of our product’s functionalities, provides us with a distinctive edge in implementing solutions for our customers, bolstering our confidence in this collaboration. Furthermore, Experion’s recent investments in skilled professionals within this domain solidify them as the ideal partner for us and a premier service provider for our valued customers,” said Sonia Zugel, CEO and Founder of ESG Playbook.

Stringent regulatory frameworks like the EU Taxonomy Regulation and the Non-Financial Reporting Directive in Europe accentuate the criticality of ESG reporting. A recent study by McKinsey revealed that about 85 percent of the chief investment officers they surveyed stated that ESG was an important factor in their investment decisions, showcasing the integral role of ESG factors in the decision-making process. Additionally, a study by MSCI underscores the positive correlation between high ESG ratings and lower credit risk, emphasizing the pivotal role of ESG in financial performance.

Financial services, consistently ranking in the top 2 spots for reporting on carbon footprint, face increasing pressure to improve reporting year-on-year, particularly for wealth and investment managers. Banks, reliant on good ESG ratings, find these crucial for attracting investments in an environment where over 80% of the world’s largest companies report on their ESG performance. ESG Playbook serves as a cornerstone solution, especially in the Banking and Financial Services sector, enabling clients to navigate the intricate web of global regulatory frameworks with unparalleled ease. By leveraging this platform, clients effortlessly uphold stringent compliance mandates, ensuring adherence to regulatory standards across diverse jurisdictions.

ESG Playbook stands as the most complete reporting solution across the Environmental, Social, and Governance pillars. The platform addresses the three pillars of reporting, including emissions from core business activities, indirect emissions, and those arising from energy and resource usage. A pain point of ESG reporting is understanding where the data is located, who is responsible for the data, and connecting systems to automate real-time reporting. Covering a spectrum of parameters within each pillar, ESG Playbook facilitates a holistic approach to ESG reporting, aligning institutions with global standards.

ESG Playbook revolutionizes sustainability reporting by seamlessly automating Data Collection, ensuring Data Consistency, and precise Calculation according to a spectrum of stringent regulatory standards such as TCFD, PCAF, GHG & CO2, NGFS, PRI, GRI, SASB, EU Taxonomy, CSRD, Net Zero Goals, and Bond Mapping. This sophisticated platform harmonizes data from diverse sources into bespoke reports tailored to specific needs, whether on a monthly, yearly, or granular basis, encompassing location, entity, or asset class parameters. Moreover, it offers a robust Audit Trail, instilling confidence in data integrity.

Central to its appeal is ESG Playbook’s unparalleled flexibility, empowering users to effortlessly maintain regulatory compliance across a myriad of standards, thereby facilitating seamless alignment with their respective national net zero agendas. By streamlining reporting processes, organizations can readily bolster their sustainability initiatives, making substantial contributions towards global sustainability objectives.

News

A Sneak Peek into 2024’s IPO Market: Motilal Oswal’s Predictions and Strategies

Apr 9, 2024 by Sujata Muguda 0 Comments #A Sneak Peek, #ESG, #Motilal Oswal, #Motilal Oswal Financial Services Ltd, #Mr. Ajay Menon

April 9, 2024
Mumbai, Maharashtra, India
As the year 2024 comes to life, the financial world is abuzz with anticipation about the IPO market. Investors, entrepreneurs, and market enthusiasts are eager to catch a glimpse of the opportunities and trends that will shape the landscape of Initial Public Offerings in the coming months. Motilal Oswal Financial Services Ltd, an Indian Financial services company which operates in the retail broking sector, has continuously tried to build an environment of knowledge that will provide its customers valuable insights into what investors can expect to be happening in the market. The same can be seen with the company’s efforts to curate strategies that will navigate the dynamic IPO market easily for retail customers.

Mr. Ajay Menon, CEO & Managing Director of Motilal Oswal Financial Services Ltd, shed light on the company’s predictions and strategies for the 2024 IPO market saying, “2024 is set to be an exciting year for IPOs, with a diverse range of companies looking to go public. we’re encouraging our clients to invest in value by understanding fundamentals, which reflects our philosophy of imparting ‘knowledge first!’.”

The IPO market in 2024 is poised for robust activity across various sectors, and Motilal Oswal’s experts have highlighted several key indicators such as – the Tech dominance will continue and the technology sector is expected to remain at the forefront of the IPO market in 2024. Tata Technologies, one of the most anticipated Tech dominant IPOs, recently hit the primary markets in November 2023, further cemented an enthusiasm about tech IPOs that are in queue to go live this year. Companies specializing in artificial intelligence, cybersecurity, and fintech are likely to attract significant investor interest. Several Indian companies will look for global expansion and this will be reflected in their IPO strategies. Cross-border IPOs are expected to gain traction as companies seek to tap into international capital markets.

Motilal Oswal reports that retail investors will play a significant role in the IPO market in 2024. With increased awareness and accessibility, more individuals are eager to invest in public offerings. With an increasing emphasis on environmental, social, and governance (ESG) factors, companies with a strong commitment to sustainability and responsible business practices are reported to have an edge in the upcoming IPO market.

Motilal Oswal has also outlined strategies to help investors take advantage of opportunities and navigate the challenges of the upcoming IPO market by focusing more on diversification as it is a key strategy to mitigate risk. The firm advises investors to consider a mix of sectors and industries in their IPO investments. Staying Informed and keeping up with market news and trends is essential for the investors. Motilal Oswal offers comprehensive research reports and market insights to keep their clients informed.

Experts at Motilal Oswal emphasize the significance of adopting a long-term perspective in the IPO market that will reflect a sentiment, which resonates with many seasoned investors. It is important to have patience and wait as it will pay off ultimately.

In a rapidly evolving financial market, Motilal Oswal stresses on having an expert partner that will help individuals make a difference in achieving potential investment goals. With detailed expert reports published for all major IPOs, insights and strategies by Motilal Oswal address investors’ need to confidently navigate the 2024 IPO market and explore its many possibilities.

Motilal Oswal Financial Services Ltd boasts a legacy of more than 30 years in the Indian Stock Market and has carved for itself a name that is well-suited and trusted by many Indian investors. With a team of over 1,100 advisors and more than 50 experts, this financial powerhouse in India is committed to assisting Indian investors in making confident investment decisions.

HZL Innovation and Tech
Business

Leveraging Technology and Advancing Innovation: Hindustan Zinc walking the ESG talk

Dec 29, 2021 by Gouri Achary 0 Comments #ESG, #Hindustan Zinc, #innovation, #Technology

We presently dwell in a global community that is equally volatile and unpredictable. Innovative market dynamics are emerging as a result of a slew of mega-trends, including fast globalization and technological breakthroughs. In order to thrive in such a setting, it’s imperative for businesses to constantly innovate. Nevertheless, innovation is no more solely for the sake of generating value for organizations. The overall objective of innovation must go far wider, participating in the establishment of a smarter future that serves all of the company’s stakeholders. The cornerstone of Hindustan Zinc’s expansion over the last half a century has been a thorough knowledge of market impulses and market demands, including the aptitude to integrate them into customer-driven offerings utilizing innovations and technology.

The significance of technology is doubled when it is implemented holistically instead of as an individual operation. At Hindustan Zinc, the team has been at the vanguard of implementing the most advanced technologies to establish and strengthen a strategic position in the mining sector, while also improving efficacy and productivity across its operations. One of the most notable achievements has been the successful commissioning of a 3000 KLD zero liquid discharge RO-ZLD plant at the Zinc Smelter Debari. It will recycle 30 Lac litres of water each day. At its Zawar Mines in Rajasthan, Hindustan Zinc has built India’s first ‘Dry Tailing Plant’. The dry tailing system has major advantages, including recirculation of more than 80% of the process water present in tailings, speedier rehabilitation and restoration of the storage site after mine closure, and ensured water re-availability for future usage. The company has also commissioned a 10 MLD Sewage Treatment Plant (STP) facility in Udaipur, and another 5 MLD STP is nearing completion, bringing the total STP capacity built up by it to 60 MLD. This will treat nearly all of Udaipur’s sewage, and the recycled water will be used by its plants, lowering its freshwater use dramatically.

Hindustan Zinc has made notable technological advancements in the area of energy conservation. To achieve their aim of ‘Net Zero’ GHG emissions, it is vital to focus on energy efficiency as well. To that effort, the Zinc Smelter Debari has revamped the Cell House and eliminated current losses through electrolytic cells by successfully replacing 656 concrete cells with poly concrete cells. As a result, the power rating has improved from 6.7 to 7.2, and the electric energy consumption has been reduced from 3616 to 3307 kWh/MT of Zn cathode. Additionally, the turbine refurbishment project is certified as a carbon reduction project by VERRA (the world’s most widely used voluntary GHG program). In the coming year, their captive thermal power plants’ turbines will be revamped, resulting in a decrease of 270,000 tCO2e per year.

Safety isn’t just a set of rules and regulations for Hindustan Zinc’s employees; it’s a way of life. The business places a high value on its employees’ safety and well-being and works to provide the best facilities to achieve this. In 2021, Hindustan Zinc launched a revolutionary InSAR (Interferometric Synthetic Aperture Radar) surveillance technology based on satellites to offer early warning of surface ground movements. It provides mine-scale surface displacement monitoring with great precision. The company’s Rajpura Dariba Mine (RDM) epitomizes this safe working culture by inventing India’s first staircase-style emergency escape route, which is located 708 metres below the earth. In an emergency, the innovative 25-meter-long escape route will guarantee a seamless and speedy rescue operation from the lowest level of RDM, which is located at 232 Mean Reduced Level (MRL).

Hindustan Zinc is consistently on the quest for innovative technologies to address important societal issues, new proactive initiatives to forecast the unpredictable economy and break down roadblocks to a brighter and smarter future. The business has made tremendous headway in leveraging technology and is eager to adopt emerging innovations in the future, such as artificial intelligence (AI) and blockchain capabilities.