Additionally, ESG Prakrit will help Banks and FIs assess their financed emissions (Scope 3) by taking pre-emptive measures, as it is aligned with global benchmarks like PCAF and TCFD and in line with RBI’s climate risk polices. Furthermore, with the tool’s advanced technology and concept assessment, physical risk of investments can be highlighted through its dynamic dashboard, sectoral analysis and heat map. The tool can further help develop SME specific guidelines as well as create an internal rating assessment model. The tool is relevant as India is in a bright spot in the world economy. There is a visible shift in the world economic order. Over the past few years India is witnessing a consistent GDP growth of 6-7% as against world GDP growth of 2-3%. India is now amongst the top 5 economies of the world. Climate Risk is a major threat to world economic growth. As per a study by CarbonBrief, a 1.5 – 2.0 Degree Celsius temperature increase will erode 8% - 13% of global GDP by 2100. In view of the above, the financial sector must play a pivotal role to drive the ESG agenda for the economy. The flow of funds towards ESG and Sustainability is critical for India to lead the world economic growth It is increasingly becoming important to measure and track the greenhouse gas (GHG) emissions of corporates. Appropriate measures and regular tracking of GHG emissions would be critical to assess the impact on the overall carbon footprint being generated by corporates – standalone and as a portfolio for a Bank or Financial Institution and also for whole Banking Sector.

This data has multipronged benefits, as it helps create a mega repository of industry wise GHG emission data base which helps in inventorization, sector specific analysis and policy developments. Additionally, ESG Prakrit will help Banks and FIs assess their financed emissions (Scope 3) by taking pre-emptive measures, as it is aligned with global benchmarks like PCAF and TCFD and in line with RBI’s climate risk polices. Furthermore, with the tool’s advanced technology and concept assessment, physical risk of investments can be highlighted through its dynamic dashboard, sectoral analysis and heat map. The tool can further help develop SME specific guidelines as well as create an internal rating assessment model.

lending institute for India’s economic growth by supporting industries and creating institutions.

In recent years, IFCI has shifted focus to align itself with the requirements of the economy and has been supporting the Government of India as Project Management Agency for various schemes, including PLIs, incentive schemes, social development schemes etc. Apart from Government Advisory, IFCI also provides holistic financial advisory services i.e., Financial Appraisal/ Due Diligence/ Investment Analysis/ Bid Advisory/ Business Valuation/ Transaction Advisory Services, etc. to various Public Sector Undertakings and Private Clients.

been instrumental in fostering intellectual growth and advancing sustainable practices globally.

The college is not only nurturing sustainability leaders and strong professionals for a better tomorrow but also helping in strengthening the ESG architecture with stronger, effective and practical policies. TERI SAS has been pivotal in brain storming and developing strategies for PSUs, conglomerates and government bodies. IFCI and TERI-SAS have jointly developed ESG Dashboard as a research based, sector specialized, bank focussed , India specific carbon footprint calculator which is aligned to global frameworks and reporting standards.