Page 12 - CIJ Dec 2023 - Digital Edition

News Track

Indian CEOs Prioritise ESG Strategies

n a significant shift towards A majority of Indian CEOs have The KPMG 2023 CEO Outlook,
sustainable business practices, fully embedded these principles into conducted with 1,325 CEOs globally,
CEOs in India are increasingly their business models as a means of including 125 from India, provides
Iintegrating Environmental, Social, value creation. Approximately 54% insights into the strategies and
and Governance (ESG) aspects into of Indian CEOs, compared to 69% mindsets of business leaders.
their corporate strategies. This trend, globally, have integrated ESG into
highlighted in the KPMG 2023 their operations.
India CEO Outlook report, reflects The report also highlights the
a growing recognition of ESG’s role challenges and opportunities in
in driving long-term growth and the ESG landscape. CEOs in
financial success. India recognize the complexity of
The report reveals that Indian decarbonizing supply chains and
CEOs view ESG initiatives as crucial the need for skills and expertise in
for building customer relationships, implementing ESG solutions. Despite
enhancing brand reputation, and these challenges, 38% of Indian
improving financial performance. CEOs are prioritising environmental
A notable 26% of CEOs identified challenges like achieving net
building customer relationships as zero, reflecting a commitment to
the primary impact area of ESG addressing climate change and other
strategies over the next three years. environmental issues.

Bold Move to Power Eastern India with Renewables

mpIn Energy Transition has with approximately 200 MWp, and like Green Energy Open Access
announced a transformative has secured the largest utility PPA in making the shift to renewables
investment of INR with CESC for a 250 MWp wind- unstoppable. AmpIn is also setting
A3,100 crores to electrify solar hybrid project. Additionally, up a 1.3 GW solar manufacturing
Eastern India with sustainable AmpIn has implemented the largest facility in Odisha, poised to
power solutions. This substantial Behind the Meter industrial solar contribute to India’s solar energy
investment is earmarked for the project of 10.5 MW for an industrial goals and self-reliance.
development of renewable energy client.
projects totaling over 600 MW and Pinaki Bhattacharyya, MD and In a recent seminar on Renewable
the establishment of a state-of-the- CEO of AmpIn Energy Transition, Energy Transition for Commercial
art integrated solar cell and module emphasised the importance of the and Industrial Consumers in
manufacturing facility. Eastern region, traditionally known Kolkata, conducted in partnership
AmpIn’s investment strategy for coal, in embracing renewable with FICCI, AmpIn facilitated
focuses on key Eastern states energy. He highlighted the necessity dynamic discussions among energy
including West Bengal, Bihar, of collaboration between industry, leaders, financiers, and stakeholders.
Odisha, Jharkhand, Chhattisgarh, solution providers, financial sectors, The seminar focused on creating a
and the Northeastern States. The and government for a successful roadmap to achieve 100% renewable
company boasts the largest solar energy transition. Bhattacharyya energy for corporates and industrial
open access portfolio in the region, stressed the critical role of policies consumers in East India.

DECEMBER 2023•Clean India Journal
12 www.cleanindiajournal.com