Coulson-Thomas, Colin (2022) Indian ESG challenges and corporate and collective opportunities. In: CSR India ESG Summit, 31st May 2022, Yashwantrao Chavan Auditorium, Mumbai, India.

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Abstract

Most, if not all, matters before a board, from corporate purpose, objectives and priorities to corporate activities and their impacts, should now be viewed through an ESG lens. Strategic direction and corporate policies should encompass a widening circle of arenas previously considered as ‘external’, such as the environment. Corporate purpose, vision, values, goals and objectives must be sustainable, aligned and consistent with the strategies, policies and behaviours to achieve them. Activities that damage ecosystems, reduce bio-diversity, deplete scarce natural capital and contribute to global warming are sometimes hidden or tolerated. They may also be described and reported as ‘profitable’. Directors who do not challenge such practices are morally responsible. In time they may become legally liable for consequential harm to the environment and current and future generations. ESG and responsible business is more than scaling back damaging activities, unsustainable operations and negative consequences. ESG is about opportunity and responsible innovation, enterprise and capitalism. It is about creating new options and choices for stakeholders to live and operate more sustainably and in harmony with the natural world.

Item Type:	Conference or Conference Paper (Speech)
Additional Information:	The text of a recorded speech delivered at the India CSR ESG Summit held on 31st May 2022. For details of other contributions see: https://www.indianweb2.com/2022/06/india-csr-launches-inaugural-esg-for.html
Uncontrolled Keywords:	ESG; Corporate Social Responsibility (CSR); environmental responsibility; climate change; existential challenges; negative externalities; opportunities, Boards of Directors; corporate governance; environmental sustainability
Subjects:	G Geography. Anthropology. Recreation > GE Environmental Sciences H Social Sciences > HB Economic Theory H Social Sciences > HC Economic History and Conditions
Faculty / School / Research Centre / Research Group:	Faculty of Business Faculty of Business > Centre for Work and Employment Research (CREW) Faculty of Business > Centre for Work and Employment Research (CREW) > Leadership & Organisational Behaviour Research Group (LOB) Faculty of Business > Department of Human Resources & Organisational Behaviour
Related URLs:	Organisation
Last Modified:	10 Jun 2022 10:13
URI:	http://gala.gre.ac.uk/id/eprint/36625

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