ESG Quick Takes
The next ESG reporting challenge: emerging markets and multi-national conglomerates
Jun 30, 2023
Navin Rauniar, sustainability leader at Tata Consultancy Service and the Tata Group, discusses how multi-sector and emerging market companies approach ESG differently. He shares observations on standardization of sustainability data, challenges of ESG data collection and reporting, effectiveness of AI and regulators in standardizing data, and aligning ESG data with national priorities.
24:35
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Quick takeaways
- The Tata Group's unique structure, with top-level ownership by philanthropies, promotes a philanthropic approach focused on societal good and addressing social and governance issues.
- Emerging market economies like India have a mindset more inclined towards adopting sustainability and recognizing the importance of social and governance factors alongside economic growth.
Deep dives
The Philanthropic Layer of Tata Trusts and Collaboration with Tata Companies
The Tata Group, a conglomerate with various companies, has a unique structure where the top-level ownership lies with philanthropies. This collaboration between the Tata trusts and Tata companies is rooted in historical and cultural values. The philanthropy at the top level focuses on doing good for society, bringing employees and companies into the new era, and addressing social and governance issues. This philanthropic approach is particularly important in emerging market economies like India that are developing rapidly.
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