IDEAS - Institute of Data Engineering, Analytics and Science Foundation
Technology Innovation Hub @ Indian Statistical Institute, Kolkata
Funded by (NM-ICPS), Department of Science and Technology (DST), Government of India
MoU between IISWBM and IDEAS, Technology Innovation Hub
17.09.2024 I Indian Statistical Institute Kolkata
IISWBM and IDEAS Technology Innovation Hub @ Indian Statistical Institute Kolkata launch Unique Online Collaborative Course on ESG & Sustainability powered by Data Analytics.
This innovative programme, which commences from October 25, 2024 will help equip industry professionals with the skills and knowledge necessary to integrate ESG factors into business strategies for resilient growth. Future plans include courses on similar lines for freshers as well to make India’s millennial and GenZ workforce future-ready in this increasingly important domain for business and industry.
The course launch event, held at Indian Statistical Institute’s Baranagar campus, was marked by MOU signing ceremony between IDEAS-ISI and IISWBM on the first-ever collaborative Online Executive programme launch, followed by a power-packed round table discussion on the theme, “Challenges faced by Industry in ESG & Sustainability disclosures and how data analytics technology may address Data reliability issues for validation.”
The discussion brought together industry leaders and ESG experts to explore the critical challenges and potential solutions in implementing and practicing ESG reporting and validation for industry.
ISI Director, Dr. Sanghamitra Bandyopadhyay highlighted the need for addressing the sustainability challenges faced by the SMEs, who are significant contributors not only to the national economy but are also major stakeholders of the ESG disclosures for the large companies as supply chain vendors. The IISWBM Director (acting), Prof. Krishna M. Agrawal emphasized on the need to create more local talent pool towards the growing demand of employment due to the emergence of ESG & Sustainability as an important domain of business today.
The speakers highlighted on the need for businesses to have strong ESG reports of Business Responsibility and Sustainability Report (BRSR), so as to have higher investment ratings to attract investors and buyers globally. Poorly rated companies may face loss of orders or higher interest costs. In 2019, international Socially Responsible Investment (SRI) funds allocated USD 28 billion to India towards sustainable developments.