IIM Ahmedabad and Dun & Bradstreet To Develop Data Product For ESG Impact Measurement; Check Details Here

New Delhi: The Arun Duggal Centre for ESG Research (CESGR) at the Indian Institute of Management Ahmedabad (IIMA) has started a research project to develop a first-of-its-kind data product to help in ESG impact assessment in the country with Dun & Bradstreet.

Professor Bharat Bhasker, Director IIMA, congratulated CESGR and D&B on the association and said, "I congratulate the Centre and D&B for their foresight and taking the lead on this front. I believe this initiative is a step in the right direction”.

“I am confident that this collaboration will come up with outcomes that will offer effective solutions to ESG-related challenges and allow all stakeholders to make informed decisions”, he added.

The Government of India is taking several initiatives focused on climate change and promoting clean energy to achieve sustainable development. The Indian capital market regulator, SEBI, has directed the top 1,000 listed companies (by market capitalisation) to make ESG disclosures per the Business Responsibility and Sustainability Reporting (BRSR) from FY 2022 - 23 onwards. 

In light of these regulations, the collaboration will work towards meeting the enhanced ESG data requirements of the Indian companies. It will leverage the research capabilities of CESGR, and the extensive database provided by D&B to create a data product that will address data gaps to accurately assess ESG efficiency. 

The product aims to facilitate practitioners, investors, and policymakers in creating custom ESG metrics to further evaluate their performance and strategise their future actions. 

One of the core principles of this project is to achieve two-way materiality. This aspect has been stressed in the European Union’s new Corporate Sustainability Reporting Directive (CSRD) for reporting ESG standards. 

Professor Anish Sugathan, Co-Chairperson, Arun Duggal CESGR said, “We intend to leverage our research capabilities to develop a framework that aligns with the principle of two-way materiality and help businesses stay ahead of the curve and further fuel the growth of the economy, at large”.

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