Reports

Published on : 11/03/2025

State of Sector: Climate Action by India Inc 2024

Indian corporations are increasingly aligning their business strategies with climate and sustainability considerations, recognizing both the opportunities and risks these factors present. This shift is evident from the material issues disclosed in the 2024 sustainability reports of major public companies, reflecting a growing emphasis on responsible business practices. This report aims to drive deeper dialogue between investors and businesses on climate and environmental issues, emphasizing the importance of ambitious and measurable corporate action.

The report analyzes the climate impact of the top 1000 listed Indian corporates based on their FY24 BRSRs, annual reports, and other sustainability disclosures. It examines their progress on emissions reduction, energy transition, water stewardship, and waste management, while also assessing the stated ambitions and current performance gaps. The findings highlight both sectoral progress and challenges, underscoring the need for accelerated action to drive meaningful climate impact.

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Published on : 19/11/2024

State of Sector: Climate Action by India Inc 2024

With investors’ growing demand for comprehensive sustainability data, the Business Responsibility and Sustainability Reporting (BRSR) framework, mandated by SEBI, has become a critical tool for tracking actions of India’s top 1,000 listed companies on resource use, emissions, and overall environmental impact along with insights into a large array of social and governance facets.

BRSR mandate has led to sustainability reporting slowly evolving into a fundamental aspect of corporate accountability. Since BRSR’s implementation, corporate sustainability filings are increasingly seeing improvements in disclosures and accuracy of reported data viz. the different environmental metrics. The primer delves into the climate footprint of the top 1000 listed Indian corporates, drawing insights from their FY24 BRSRs and sustainability reports.

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Published on : 15/12/2023

State of Sector: Climate Action by India Inc 2023

Indian corporations have increasingly acknowledged the critical role of climate considerations in shaping their business strategies and potential risks, a recognition underscored by an analysis of material factors highlighted in the 2023 sustainability reports of major public companies. This report aims to stimulate a meaningful dialogue between investors and businesses, particularly focusing on climate and environmental issues.

It delves into the climate footprint of the top 1000 listed Indian corporates, drawing insights from their FY23 BRSRs. Additionally, it examines the climate commitments and objectives outlined by these 1000 firms, sourcing information from their FY23 BRSRs, annual reports, sustainability reports, and CDP reports.

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Published on : 14/03/2023

State of Sector: Climate Action by India Inc 2022

Indian corporates have identified climate as a material issue that can both enable their business as well as be a source of risk. This assertion is based on an analysis of the materiality factors reported by the largest public companies in their FY 2022 filings.

This report is an inaugural work-product to stimulate conversation between investors and companies on climate and environmental related matters.

The report builds on information being captured on India Corporate Climate Action Data (ICCAD).

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Published on : 23/09/2022

Climate Risk and Opportunities

Climate risk impacts the financial system in two key fronts:
• Physical Risks, which cause direct harm to assets or disrupt Industry / company value chains
• Transition Risks, which arise from the overall shift to a low carbon economy through changes in policy, technology and market sentiment

Both impair asset values and credit quality of loans and investments from banks, financial institutions, and capital markets. Apart from credit quality, climate risks also have an impact on market and operational risks.

This paper looks at how climate risks impact financial markets – banking, capital markets, and insurance – and the opportunities this presents for investments and product innovation.

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