This lecture covers key ESG concepts including the World Economic Forum's 2024 Global Risks Report identifying 10 severe environmental and social risks (extreme weather, pollution, biodiversity loss, natural resource shortage, misinformation, fraud, AI adverse outcomes, involuntary migration, cyber insecurity, and societal polarization), mandatory ESG reporting requirements (Section 134, SEBI LODR, BRSR for top 1000 companies), and the nine elements of ESMS (Environmental, Social, and Management System) framework developed by IFC for organizational environmental and social governance.
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Deep Dive
CS Professional ESG Booster Seires Lec 3 | For June 26 Exam | CA Mayur Agarwal #csprofessionalAdded:
Okay guys, very very very very very very very Good evening welcome to day three of booster Today we will cover chapter number 11 to 11-12 of the series.
Hum Log Top 25 Concepts of 13 14 15 We will take chapters on four to five concepts.
Today we will cover one or two concepts like this There are many different concepts that you will study.
It is in the module and will develop it Fast forward to the comments section today.
I will not take your time. We will do this in one hour Will compile. Fast I am giving you a reminder Am. Tomorrow's session will be at 1:00 pm.
Tomorrow's session will be at 1:00 pm. These You have to remember it immediately. tomorrow's session Afternoon will be at 1:00 pm. at 1 o'clock Will remain. Because I am giving you 1/2 day completely free I want to keep it. You have one hour in the afternoon I took it. After that, now I will give you I will not disturb you at all. you yours You can keep up with lectures and your studies.
Correct? Only today this is the third session. Fourth Link to the session tomorrow afternoon at 1:00 PM I will share it with you.
ok vinay sharma sir i scored 62 in ESG In June 25 at very good. yes afternoon sir There is B.Com exam tomorrow. Priya Rani. So Don't worry, I will share the lecture with you.
Don't worry about it. Ok Sir, after watching your lectures and marathons 62 Marks have come. A Radhika Gulati My Blessings are there. My many prayers Are. I also told you in the lecture the day before yesterday I conveyed my blessings to you. Correct Guys still more more more blessings to you Radhika Gulati. Ok let's go. So guys now onwards Will increase. Welcome to Day Three. Now we Let's talk about ethics soon. Ethics Examiner's favorite because law ends Ethics Start. Not everything is in the law Is. Whatever is in the law, you can cover it in DD.
Do you. Due Diligence Compliance Our job is as a CS. But everything is law It does not happen in me. So Law and Ethics Start. So here you have to understand the most First, ethics is an important chapter.
When you understand what I am saying, when the 2017 syllabus Even then ethics was around 10 marks. Today It does not have such weightage in ESG.
There is no institute weightage. but like that Experience wise 5 marks A question will definitely arise. 10 marks It will become maximum. Five to 10 marks which is It's going to come here. yes ayushi tomorrow day But I'm going to give you tips and turns.
Am. Tomorrow's lecture is very relevant.
Will remain. Ok? So in tomorrow's lecture you You will get some content. followed by a tipsy end Video of the turn is forthcoming. What does and You have to remember by don't. Shubham my brother. Good Evening my brother. Whats up Your? Correct guys. So now look at this First of all, principles of business ethics.
What principles should you follow when running a business?
But you want to run a business, what principal?
and running a business based on principles What are the principles to follow?
So that your business ethics will remain very So first of all you have to understand that In Principles of Business Ethics you There has to be accountability, brother, whatever you have done Every employee has taken responsibility for The responsibility that I took was my responsibility.
I will fulfill it completely. Ok? Every employee Everyone will do their own work. Correct. After that Respect among your coworkers and colleagues I will do it, I will take care of it. You should remember this Is. Honesty, honesty and transparency Have to work together. conflict of interest anywhere Don't bring interest. to look after the interests of Is. It does not happen that it is related to There are provisions of the party. Correct? also If I am talking about Correct. Also if I am talking about Shubham Sh says Sir, now there are too many tips.
I need these, yes it will work, tomorrow I will lecture you.
I will provide the link along with tips and we will meet.
I am going to give tomorrow's lecture mostly on Zoom.
I'm planning a meeting, okay, after that.
In Compliance, we will focus on the law and remain loyal.
You will remain loyal to where you are.
Trust Vardi Rahoge Correct Law Ko Abide We will fulfill whatever commitments we have.
The commitments in the agreement are fulfilled.
Will end all relevant information share do. Whether the information is negative or It is positive. I am repeating. Only This is how he is coming here. principles of Business Ethics. principles of business First of all, if I am talking about ethics Yes, accountability should come. which is your It is a responsibility, you will fulfill it. mutually I have to take care and respect. In colleagues, Friends has to be worked with honesty.
There should be no conflict of interest.
Attention has to be paid to compliance. Staying Loyal Is. Relevant information has to be shared. bye now The Law. The law has to be followed. and Fulfilling The Commitments. Whatever your commitment is Have to complete it. Correct? So, idealistically This will become your principles of ethics.
Are you understanding the point of view?
Do you understand this?
Principle of Ethics. I am repeating Am. Accountability followed by Care and Respect honesty. Correct. Then avoid Conflict, Compliance, Loyalty, Relevant information has to be shared. even if he Be it negative or positive. Transparency.
Correct. followed by Abide by the Law and Fulfilling the commitment. Sir what are the four Principles of Ethics? Fundamental Ethical Principals. Fundamental Ethical Principles Which are the four? The first is the principle of Respect for autonomy. means you should Respect the independence of the other person.
The person who has an opinion in front, in front One who wants to take his own decision, Respect the opinion and its decision Do. Don't interfere. Forceful Decision Don't do it. Suppose an employee comes to you for a job Wants to resign. Respect Him It is his decision. He will see his growth.
You should not interfere in his decision.
Is. Principle of Beneficiency means you should Do good in your action. you do well Needed In your action, in your deeds, There must be goodness for. principles of Man non maleficence means you should not harm Anyone. That's very clear. and you should not Be a part of harm. Someone else is harming I don't have to support him either. End Principle of Justice Fair Treatment Should be done. There are four principals.
There are fundamental principles. First There are principals. Principal Number One Principle of Respect for Autonomy.
Principle of Benefits. Principle of Non Miscellaneous and Principle of Justice. repeat Again. Principle of Autonomy, Principle of Benefits, Principle of Non-Malefication and Principle of Justice. Sir Principal For the respect of autonomy means we should Respect the Autonomy of the Other Person We should respect the decision taken by others person for your own life that is your decision You should respect what you are taking, correct Guys Second Benefits Good in Your Actions Non-manifestation, no harm, no harm to anyone and justice, fair and equal treatment so There will be a Zoom meeting tomorrow. Tomorrow I will meet you on Zoom.
You have to come live also, we are going to meet at 1:00 pm Are. Ok? Now this is your what is called as that is basically four fundamental Ethical Principles. Four Fundamental Ethics Principals. correct guys sir what is ICSI Anti-Birrency Code? Sir ICSI Anti-fraud code? First of all, this is voluntary Is. All these are applicable on the board of the company Yes, it is applicable on employees, Applicable on creditors, suppliers Applicable to contractors Is. So we want anyone in the company to Do not indulge in bribery activities. No Neither an employee of the company nor a director. These This is our goal. Correct? So any company No bribery activity on behalf Do. Is this correct? After that if I I'm talking about here this code here But it is applicable. Board Employees Agent and contractors. First of all in this code How many clauses are there? seven to eight not nine There are clauses. Clause number one says that The company has complied with all anti-corruption laws.
Have to do it. Ok? Clause number two any One should not get involved in bribery.
Clause number three is not about facilitation payment.
Should be involved in. Sea Bribery What happens? You told me earlier that it was my work.
If he does, I will give him this much money and another one It happens that the work is done, so you told someone Gift given deliberately to impress For example, facilitation payment is bribery but Via Gift and Bribery Direct It is bribery, it is correct to offer money Correct guys, so now you have to look at ESG.
You will get the link in the group of zoom meeting You will find the link in the ESG group.
Correct guys after that neither foreign You have to bribe the officials that Any foreign international name will be spoiled.
Adani's name was tarnished. You have seen it.
If you want to give a gift also then you have to A standard policy will have to be made. You whistled The blower has to be opened. Bribery wherever It is getting involved. You told the employee Training has to be given. Everyone needs to be trained Regarding anti-bribery. Correct? To you We have to monitor that everyone follows this code.
Are you doing it or not? And no more If you are doing it then disciplinary action will be taken against you.
Have to take it. Non-compliance. So Disciplinary Action has to be taken. such nine codes if you You see nine codes ICSI anti Bribery is mentioned in the code. what-what Is? First of all, our main motive is that any Not indulging in bribery on behalf of the company yes. This is the main motive of the code. So this code Who is it applicable to? He is on the board, employee is on the supplier, is on the consultant, It is applicable to all. Sir Claus Number One He says that you have all the anti-India Corruption laws have to be followed. Clause Number To speak of you indulging in bribery It should not happen. Clause number three is speaking that neither facilitation nor payment is involved It has to happen. Bribery would have been a less direct offer Is. Facilitation payment is indirect Is. What about guys? Clause number four neither you Bribery Offers to Foreign Public Officials Have to do it. Clause number five if you If you want to gift something, what about it?
Want to make it? Jyoti, I have to make a policy.
The announcement video was posted for the Booster Series.
Announcement video below PSG group Clause number six is for the whistle blower.
The primary is correct through the medium, it is happening somewhere.
If so, you have to find out clause number seven.
Training all your employees and agents Clause number about anti-primary At your Antibes primary code people follow Are you doing it or not, this has to be monitored.
And clause number nine that if no one follows If he is doing this then discreet action has to be taken against him.
Very clear guys it's done here now Look, look, first appointment of Chairman and Member of the Lokpal. Ok?
Who will do it? Sir Chairman and Member will be Appointed by the President from the name Recommended by Selection Committee. Appointment So the President makes this selection.
The committee recommends the name. such as the company NRC recommends the name and the board He would have come after being appointed to the general meeting.
Is. Similarly, a selection committee Makes recommendations to the President. So now Look, first of all, if I'm talking about that the Prime Minister is in the selection committee Will be the Chairman of the Selection Committee.
The Speaker of the House will be the member. leader of Opposition will be the member. Chief Justice and one eminent judge who these four People will decide together who from the society Big people together are part of the selection committee The Prime Minister will become the Speaker of the House Correct Leader of Opposition Chief Justice of India and one eminent journalist, if any Appointment invalid No appointment shall be Invalid Mayorally Because Vacancy in the Selection Committee If in the Selection Committee There are only four people instead of five, only three people.
If yes, then their appointment will not be considered invalid.
Any selection will be correct guys The committee can appoint anyone as chairman member Used to be. So you've made at least one search comment.
which will find and bring you that Who is worthy of becoming one? This to the Prime Minister There is little work. Seven people in the search committee The standing and knowledge that will remain People bring proposals to the selection committee I will give a presentation. Correct Guys Well, whatever search committee there is, 50% should B. Schedule Ka, Schedule Tribe Minority and women and whatever selection There is a committee which will make its own regulations. Self Can pass regulation of. will be following their own procedure and whatever search There is a committee, is it correct? The Term of Search committee, their fees, allowances, whatever it is, Ok? Will be as may be prescribed. So, I am repeating. first here See section four. About Section Four What has been said? First, the President Chairman, Chairman, Member, okay? will be Appointed by the President. selection The committee will recommend. in the selection committee Prime Minister, Leader of the House, Chief Justice of India, Leader of Opposition and One Eminent Jaris. What will these people become together?
Selection Committee. somewhere in the selection committee If there is any vacancy then anyone can be appointed.
Irvalid is not valid. Correct guys? And Search to help the selection committee There will be a committee consisting of at least seven members.
Those who have knowledge and experience will remain.
And at least 50% of the search committee should be Schedule Ka, Schedule Tribe, Women and They will remain a minority. Kare Guys Selection The committee will design its own procedure.
And after that whatever the search committee decides Term is fee is allowance is will be age Prescribe Sir, which organization is this?
Which will be considered an ideal ethical organization Which is the organization that is ideal ethical?
organization shall be deemed to be an organization I have an ethical code of conduct which The top management of the organization is ethical So automatically the whole family is very ethical.
Everyone becomes ethical. Top Management Ethical Is. Where any stakeholder There is no discrimination. Whatever ethical He is given a reward. Correct everything Workshop is conducted. Proper There is an Ethics Committee. There is a vigil mechanism. These If all the factors are there then they are somewhere else Handle stakeholder mainly employees gives Properly. If all these factors are seen then Your company will be considered ethical. Ideally Ethical Will be considered.
Sir this is not happening. I don't Understand. Ok. I don't know what it is These. Ok. I am repeating. Now!
I don't understand, I have to recall it now son.
The time for understanding is over now.
Is. Now I just have to recall that all this happened.
So I am repeating it. First look You have a reasonable code of conduct Needed After that your top management Must be ethical. You have an ethics committee.
Should be. You trained your employees Is. You rewarded the employee. if he He is highly ethical and correct. After that the employee You take your grievances seriously.
You consider all stakeholders.
You have a proper visual mechanism and You form a proper ethics committee. if these If all the factors are there then your company is ideal.
Will be considered an ethical organization. what here Is it clear till now guys?
Is this clear till here guys? Idol Apical Considered an organization.
Is this clear till here guys?
So you have seen five topics in Ethics.
First of all Principles of Business Ethics.
Mark it immediately from your book.
Principles of Business Ethics.
Correct. Second Fundamental Principles of Ethics.
Fundamental Principles After that, okay, selection of chairman and Member of Lokpal After that Ideal Ethical Organization See Principles of the Four Fundamentals Principles and Themes of ICSI ICSI Antibribery Code ICSI Anti-Bribery Code Correct guys did you understand this?
will proceed. Ok? This is your five.
Topic of Principles of Ethics. clear Is it cut? Ok? Now we will move ahead. Ahead Will increase. Ok? We will proceed here. To all First Sir, the selection committee of chairman of the Lokpal Please tell me in short once again. Sir Lokpal Look at the selection of chairman.
The President appoints the Lokpal Chairman and Member but to the President The selection committee recommends. And The chairman of the selection committee Prime Minister of the country. and selection The committee is assisted by the search committee. Understand What am I saying? Ok. Now I come to the next one.
Chapter No. 12 Sir Why ESG is Relevant in today's all ESG chapter number 12 Is Board Accountability on ESG ESG Why is it important? Because today There is pressure from the government. The government wants It is that you achieve the SDGs. Government Wants you to reduce waste.
The government wants to pay attention to climate change Get to work. The government wants the Green Reduce house gas emissions. So today the government There is huge pressure for the companies. seconds The company's overall water wastage will be reduced.
Waste is fine, you no electricity waste So the overall cost will be reduced overall.
Cost will be reduced, understand my point Correct guys, so you have to understand that the cost We have to work for reduction, then if If we want to improve overall, then we should We will increase our productivity and efficiency It will increase if we pay attention to ESG.
Employees will pay attention to the environment Productivity will also increase automatically for the employee Will be happy. You are keeping him satisfied If this happens, his intention towards work will increase.
Also, the brand image of the company will increase.
The company reduced carbon in the environment.
Look, there are zero accidents happening in the company.
Look at the health insurance of the company's employees.
Is being taken. brand image of the company Will increase. and overall company revenue Will increase. Because of all these factors, we The relevance of ESG is increasing. Government There is pressure of. We have to reduce the cost.
We have to increase productivity. We have our Enhance your image and increase your revenue Is. If you have to do all this. So yours ESG is relevant in today's Organization. And you need better money.
Companies with a strong ESG track record Finance is also available very easily. So If you want to raise funds, the government There is also pressure going on, you should overall Productivity needs to be increased, brand image We have to grow, increase revenue, reduce costs Have to do it and raise funds. So this ESG You will have to pay attention to it. Very Clear Guys sir, what kind of questions do you ask the board?
Ask the board about ESG.
Is it accountable or not? is responsible Or do I not understand which of these What are the FAQs?
So that you understand the accountability of the board I come to the correct guys, so this one Discussion is coming first what board ESG expert appointed on the board Did the board form an exclusive committee?
If there is an internal board like finance If you are an expert, you are a marketing expert ESG expert is appointed means board is accountable if the board has a dedicated If a committee is formed then the board is accountable.
Does the board have any goals? ESG Goals And what is the target? Is there any vision vision Are the values aligned with the goals?
Correct. Does he have ESG in his business too?
Are you considering operations?
Correct. Have these policies been made to maintain ESG?
Regarding what? Did they also look at the supply chain?
Have you been asked to comply with ESG? What He also urged senior management to focus on ESG.
Have you taken it seriously? What senior Have you given any targets to the management? What?
Should ESG risks be studied within ERM?
Is it being done? and invest Whether or not the times are looking at ESG Are. ESG when buying a company Are you studying or not? all these FAQ Is Cess Board Accountable or Not Is? This is understandable. I am repeating Am. Is there an ESG expert on the board?
What is it? Does the board have an ESG committee?
What? Has the board established an ESG goal?
Is it set? What? what vision mission Alignment with ESG goals?
What? Correct. Is ESG in the business model?
Has it been integrated? What policy and Is ESG created or not? What is the supply chain?
ESG Correct has also extended that Didn't you? Is everyone satisfied? ESG Are you aware about this? What senior What is the target of management? also ern The system is studying ESG risks or Isn't he doing it? Even when investing Are we looking at ESG or not?
Are? or reporting what regulatory Are you reporting ESG?
Are you doing it? What is voluntary reporting?
Are you doing it or not? What Global Are you following the standards or not?
Are? If the answers to all these questions are positive If so, it means the board is accountable and If the answer to all these questions is negative So it is believed that the board is not accountable.
Will go. Did you get it, Guys?
Tell me in the comment section whether you are coming or not.
Used to be? And quickly increase the number of viewers and likes.
Match it. There are 125 plus viewers. stingy yes. There are 54 likes. Ok? So this match Should be. The balance sheets should match.
I am laying one brick, so you are laying one brick.
Will apply. Then I'll do a git install so you can do a I will apply it only. This is how the two-way process works Need it fast.
So these are all the questions that you can ask the board.
You will ask and they will answer about ESG.
Will check whether ESG complaint is made or not Have done. All these things in regular batch We have it covered.
Mithali Joshi Kashish Shah Nivedita Gundecha Kanika Sharma Najuka 258 Santosh Mothers Vidya Sheetal Pallavi Singh Very good Subhash like very good ok let's go now Look Next ESG Reporting ESG Brief us a little about reporting.
So anyway, that proper in chapter 20 There is reporting but general reporting too Reporting of types is mandatory Reporting is enterprise reporting You can avail the Conservation of You talk about energy and CB LODR.
Inside you create the BRSR report.
and comes integrated in the ventilation Reporting. Vantari comes integrated Reporting. Correct guys? So look at this Mandatory reporting is in 134. where at Talking to the company about conservation of energy Is. And SEBI has brought such a report.
which form the basis of the Nine Principles of NGRBC Which is on the top 1000 listed company It is applicable. and voluntary reporting You have a report. that is basically Integrated Reporting and Sustainability Reporting on IS International Sustainability Board Carbon Disclosure Project GRI B COR Task Force on TCFD Task Force on Climatic Climatic Related Financial Disclosures Okay, CDP correct, GRI correct, then.
ISSB These are the questions asked by you from different institutes.
If I have to report, this is a necessity, then I I am repeating two types of reporting There are two mandatory board reports.
If there is no report then I will ask you in writing BRSR.
Will go. You can get 134 free board reports.
You basically mark on conservation of Energy. And second comes SEBI LODR Inside comes your BRSR report which NGRBC Applicable to top 1000 companies on the basis of and is now integrated into the Vantari report.
Reporting has not started in India Yes, this is voluntary and whatever sustainability International Standard on Reporting Services I am making this if you are following If you are following GRI then now it is yours If you wish, we will give you the format.
Yes, okay, if you are doing GRI then it is even better.
matter or you are following CDP, If you are following TCFD then that will be useful.
Will be considered. Sir, there is a new thing which is important.
Which you have to take a screenshot of. World A report from the Economic Forum has been added The Global Risks Report 2024 states that Environment and social in the next 10 years What are the risks involved? So the world The Economic Forum released a report is in 2024 in 2024. Add it to the module It has happened. Ok? The Global Risk Report Is. And in the coming 10 years, which ones?
Which severe ones are okay?
There is environmental and social risk. Are you Understanding the Point of View Correct. So This is very relevant. two minutes I I am bringing water. until the century is crossed You will be fast in getting likes. in two minutes I am coming. Just one minute.
So, ventilation reporting came into being. Now Global World Economic Forum at Risk Report Which is what they have done with 10 severe environmental We have talked about social risk. Correct Is? Fast are you there guys? Are you there?
Isn't it? Fastest Are You There? time to yourself have to follow. What are these 10 risks?
The biggest threat to society is social Life Pay and Environmental Life Pay. To all First extreme weather when it's going to be cold it is hot. When it's hot, it rains Has been. Extreme Weather Pollution. Very There is pollution at the level. Air pollution, water There is pollution. Ok? After that there is u No critical change on the Earth system.
Biodiversity loss. It's all about the weather There are consequences. Earth is a system. Complete The cycle on earth is changing.
There is biodous loss. Natural resource shortage.
Crude oil is in the biggest shortage today.
Misinformation and dissemination of false information to the people Fraud is correct. adverse outcome of AI. AI has both advantages and disadvantages.
Involuntary migration means forced migration of people Leaving the country and going to another country Are. Correct. Cyber Insecurity Hacking and society polarization to each other Targeting. These are 10 different risks.
Which has been said by the Global Economic Forum. These There is a very severe environmental risk and a very There is severe social risk. I am repeating Am. I am repeating it. lots of children I am posting a poll. How many of these children Children are reading this for the first time. Let me I am starting pole after pole. First Time World Economic Risk I ran the poll. I have to find out. Correct Is? So first of all look at global risk.
World first in report 2024 The Economic Forum did it. World Economic What has the forum done? release a report which is the top 10 severe risk, There is environmental severe risk, social severe There is risk. What are the 10 risks that society faces?
I am in? Correct guys? So here if you You will first see If I am talking about Extreme weather and its resulting critical changes in the Earth system and because of that Biodiversity loss. Well, these are three The environment is done. This and an environment Pollution has happened. Correct. Now in society also natural resource shortages The environment is done. What's happening on social media now?
Are you coming? Cyber insecurity for people Yes, there is threatening going on. Society Polarization is targeting each other.
Adverse outcomes of AI are a threat to AI Of the people. Correct misinterpretation and natural Resource shortage. You have already seen this Is. So what will all this be considered yours? All this Idealistically, what is, in a way, a The World Economic Forum's most It will be considered a major threat. But Sir, this is also me I want to know the nine elements of ESMS.
Actually, I have provided a diagram of the module.
Is. Ok? That diagram is given It is not important. But still I I don't know why I am feeling this way this time.
Ok? If this comes a little bit, then a little bit I'm looking at that and I'm asking you a question.
Am. Ok? So there are 49 votes here.
Ok? Just one came. Let me have a minute Check. Correct. ESMS Nine Elements. One Let me Google it for a minute. So ESMS Nine Elements What are these ESMS?
ESMS? Environment Social Management System. Brought to you by IFC. International Financial Corporation. Nines of ESMS There are elements. Ok? These are the nine elements Are. IFC first introduced a system Which has nine elements. Ok? that is Basically IFC International Financial Corporation. So they made a statement about ESG.
The system has been brought. Ok? And that is called Edge ESMS. OK guys? So who is behind ESMS?
What are the nine elements? The first element Number one. Ok? I have added this Because it seems to me that this diagram is inserted into the form. Just put an image Has gone. But there is no trust in the institute.
Is. So let us first understand what this is It is happening. What about guys? So look first Nine elements so this is your bonus question You have to go with understanding. Don't worry about it You might not even have read it. Correct but I thought I got an intuition and a feeling about it, so I Put. So don't take the load. screenshot of this You should take it. So look first Environmental Social Policy means your company has approved an environmental social policy Should be done. Should be made. This is correct.
Second, whatever your environmental risk is And he identified the impact should be done and to manage it You should create the process. Whatever ESG There is a risk and it should be mitigated. Correct Guys then what do you have to do somewhere?
People should be hired to do all this.
Training of capacity and competent people Should be given. Correct? Then the emergency Preparedness that if any risk arises, Any harm is happening, people and The environment should be prepared for it.
Then the stake holder will be given the opportunity to consult in this.
Parts should be made. It's all risk management It is like. Then whatever is yours, whatever is yours There are investigations, there are complaints from Stakeholders should handle it.
Then what should you do? regularly Report on your environment and social Performance should continue to be reported And should be monitored. how much we We are getting better environmentally and socially. So These are the same things that come under risk management.
Is. First, you must have a policy.
Environment and Social Policy then you Identifying environmental and social risks Needed It should be managed. to risk Should be reduced. Then you People should be hired in the organization.
They should be trained. Then any of your Risk is coming Environment Social Risk It should be managed. to the stake holder Should be involved. In consultation External communication should continue.
Reporting on your performance You should keep doing it. Is it correct? End Grievances of external stakeholders Complaints should be handled. And your Overall Environment of Socio Performance You are better. Is it correct? You paid attention to that should give. Are you understanding? So this Your EMSS nine arrangements are done.
A policy should be made. Environment and Social A policy should be made regarding this. Then Identify environmental and social risks Should be done. He should be handled.
Mitigation should be done. Then hire your person Should be done. To do all this work.
If there is any risk in an emergency Preparations should be made for that. stake holder's Opinions should be welcomed. external Company Grievances Complaint Handling Should be taken seriously. Then you have ongoing Reporting that you do on Environment and Social performance should be reported and We have to monitor how much we have affected the environment.
Have you done better work on social governance or Haven't done it. are you getting these guys okay Are you getting this?
Correct. So this is your chapter number.
12. In chapter number 12 you saw why ESG is relevant.
Why ESG is Relevant Why ESG Is Relevant Afterward Questions on accountability of the board Accountability of the Board Then you new Elements of MS Elements of ESMS Then there's ESG reporting and global risk.
Report And whatever global risk there is, it has 10 risks.
You read this report in Chapter 12.
Chapter 11 Done Chapter 12 Done Moving on Now Let Us Come to Chapter 13: See, I Promised I will stay with you till the end Sometimes revisions came in then test conduct Kiya Kabhi Kuch Kabhi Kuch Kabhi Chart Revisions Solve some questions about what you should keep doing For sessions of some chapters of questions I don't know if we keep doing it this way Okay, now you will say sir, this is the one who will speak If there is fear of exams then that will remain.
Don't worry, it is the first paper so you will be scared.
Just don't be afraid, that's the only request you make.
Believe me, do your best work.
Yes, you must tell me after the exam.
DM me. Ok? I am mine Will you keep the number on WhatsApp? Ok? I I am sharing my number here. Yours I would like to hear from you after the paper is done.
Ok? I would like to hear from you.
Whatever the paper, however it is, it just comes and goes Be there. And the first paper will go well.
Didn't even go. It will be good anyway. So Don't worry. Just focus on the next one. Trust You will also get good marks. or if Even if your paper did not go well, everyone It must not have been taken. Very careful. Correct. So Trust me you will get good marks too.
I'll be waiting to hear from you guys.
Ok? Next Chapter 13. Tell me chapter 13.
First of all, the Ministry has given the classification of The industry has done it. Ministry of Environment, Forest and Climatic Change Has done classification of industry.
That's correct. There are four classifications. Red Category, Orange Category, Green Category and white category. Whenever the pollution index is 60 If it is above, then it is red category. As It is nuclear. Ok? oil and gas There is extraction. There is high pollution. whenever The pollution index is 41 to 59. 60 and above Is. It is 41 to 59. Like the pharma sector Printing is an orange category. whenever Pollution is 21 to 40. There are 63 sectors in it.
So this is the green category. And whenever pollution Up to 20. Zero to 20 correct.
Sir now I feel that I just finished the exam.
I will not be able to study now. I can Understand. Sure Shubham, your call is welcome.
Wait So these are your four different categories. Red, Orange, green and white. Red, Orange, Green and White. Red, Orange, Green and White.
There are four different categories that you can choose from.
Have to understand. Red, Orange, Green and White.
Pollution index 60 and above. Orange Category 41 to 59, Green Category 21 to 40 and If you are in the white category up to 20 then you can do this Fit into categories. Correct Guys sir what is the selling features of Energy Conservation Act 20001. So most What did the first Energy Conservation Act do?
Energy standards have been set to determine how much How much energy and how much voltage is generated from the appliance?
How much electricity is generated in Needed He set the standard for Is. They have labelled the product Display of labelling is mandatory. As Five Star AC, Four Star AC, Three Star AC less than five star AC Higher performance in electricity It is available. So the consumer can do it according to his own He will buy energy saving when he comes to know about it.
It is correct sir. there has been an Amendment in this. Right? Ok. priya Keshwani, which one are you talking about? These Tell me about the energy one. Ok. Next. And Send me a DM on WhatsApp, whatever you want.
Are you speaking. ok i will check it immediately In live. After that, if you look at Whatever product, their complaints or their required energy standards Not following. neither he Can be manufactured, can be imported Is. Ok? Energy after that The intensity industry has achieved all that How to save information energy Making the measures and those guidelines available Needed Correct? After that, whatever Buildings are being built, whatever comes next.
Buildings are being constructed whose electricity Their solar power is above 500 kilowatts.
It should be okay to have solar electricity there.
They should have energy conservation buildings They have created codes that are guidelines You have to build a building and the government has A separate Energy Conservation Fund has been set up and This money is from the Central Government State Both the governments have kept the funds and this money To create energy conservation awareness.
Ok? Things to do in conservation Okay, all that stuff will come here.
Very Clear Yes, Kanika or Kareena, whoever it is, it belongs to both of them.
ok please send it to me on whatsapp Kashish Shah My Blessings with you all Best do well save friend, create a ruckus, create a ruckus, correct So I'm repeating what all the selling Coming to features, first of all you Energy use standards were established to determine how many How much electricity should you run on?
AC asked to put labelling on every product Are there lights that are energy saving?
To have or not to have. Well, whatever energy He is not following the standard Manufacturing is not allowed. Import It is not allowed to do so. You have energy How the Energy Intensity Industry Has Changed Conserving its energy is spreading Have to do it. Energy Standards in Government is setting up. Energy Utilizing There are standards. Whatever building is It also seems to be more than 500 kilowatts.
Energy Conservation Building Courts for Being followed. The government has set up a separate Energy Conservation Fund has been kept from. the money that Will be used for energy conservation Sir there is a body BE Bureau of Energy Efficiency, tell us about them first.
B is a static body that conserves energy The body that is created inside the act is energy A body has been formed through the Conservation Act Bureau of Energy Efficiency That's it Stuttery Body Correction which Energy Conservation It is created through action and this whole body is Created to implement the Act There are guidelines within this Act I have told him to implement it.
Has gone. This body was first formed in 2002 Is. Earlier this body was energy management The center was a you know temporary body.
Yes, energy body center. Ok? So now this Look, first of all, yes, first of all, whatever this He is sending a message that Sir, this one is for 13 Amendment Envir Audit Rules Wo Me You Send it on WhatsApp. I immediately I am replying to you. I am on WhatsApp You can DM me. I am here on mobile I keep it. Correct guys. So I repeat I have been. I am verifying that.
What is your query exactly? Ok?
I understand what you are saying in the comment. So You send it freely. Correct. So first of all Energy conservation is what it is, right? Energy Conservation This body has been formed under the Act. it's a Statutory body.
Yes. Energy Conservation Act 20001 This Act The body is made through. Bureau of Energy Efficiency. This body was formed on 1 March 2002 It is made in. But its name was Energy.
Management Center. Now it is Bureau of Energy There is efficiency. Whatever energy this body contains The efforts towards efficiency which Energy intensity should be low. low in energy Get more outcomes. This is what it means. Correct Is? Energy efficiency should increase in every sector working for him. To Promote Energy Efficient practices that reduce Electricity. I have a client who Works on energy. Honestly, which ones?
How can we generate energy at low voltage?
I know this. And this body will make policies So that we follow market standards do. Somewhere They Want to Save Energy in all sectors. Very clear guys?
Isn't it? Correct guys. will proceed. Ok?
So, now we will come to the policy related aspects.
On Environment. Policy in India Law making bodies related to the environment Which one is it? So here in India, the most First comes the dedicated Ministry of Environment, Forest and Climate Change Whatever the Central Government has made Planning for environment and forest This ministry looks after coordination and together with UNEP which coordinates This ministry looks after the work that needs to be done.
The United Nations Environment Programme United Nations Environment Programme Representation on behalf of the government Ministry of Environment, Forest and Looks at climatic change. Very Clear Guys. So their job is to conserve and survey.
About Flora Flora Wildlife Control Pollution now Afforestation and Regeneration of Degraded area He has to be given a complete birth again, correct?
Is Sir the chat is being translated automatically.
I don't know how to correct it, I am repeating it.
This was the first policy making in India.
Ministry of Environment comes under Forest and Climate Change is a There is a ministry which is basically under the government On behalf of the nodal agency in UNEP also Works like that. This ministry is what Planning, Organizing, Coordinating of Environment and Forestry Programme He watches. Why does this ministry work?
Is? Conservation of Florafauna, Forest, Prevent any pollution, afforestation, Regeneration of Degraded Areas and Protection of environment. Then he CPCB which is a body created underwater Act and these powers in different Acts given. Like the power given in the Air Act Has gone. Then slowly slowly all these people Environmental Protection Act also provides services We are providing. Central Pollution Control board. So this is your policy.
Making Aspects in India for Environment. Is it correct guys? And now one I am adding something new to you.
Carbon Border Adjustment Mechanism. it The thing is Euro, this is the Euro Union. General Model Lives in. It remains deleted. butt it We will do it. I don't know such a thing I feel like I'm going to make a deal with Europe.
It is happening. Our free trade agreement happened Is. So I think asking this Don't take it. This is not relevant anyway. But I now find tomorrow relevant for a date.
or seems relevant for the exam Is. Leave the date. for the exam Looks relevant. Now because recently India's treaty has been signed for free Trade agreement. So we will go to that country Can't ignore it. Is. anyway International theories are not understood. But now this The thing I think is relevant From the environmental point of view. So chapter This is the fifth concept of 13. This concept What did I read to you before I came in?
Gave? I read the classification to you.
of industry.
Correct. Then I taught you BE Bureau of Energy Efficiency. Then I told you taught features of Energy Conservation Act Features of Energy Conservation Act And then I taught policy related Aspects to Environment.
Now I am adding one more topic.
Related Aspects.
of Environment Don't do it guys, you are stingy live viewer 130 plus is okay and like 105 this Cheating Cheating Cheating Cheating Cheating Not Good, let's move ahead, so now see this first of all First, I'm going to teach you one thing.
That is CBA AM European Union said this Guidelines have brought carbon limits Adjustment Mechanism Carbon Border Adjustment Mechanism First came this The European Union will publish it in 2023.
has been done in the ETS reforms and new CPM Official Journal Has Been Announced Correct guys yes this guideline ka main The main purpose of the mechanism is to capture carbon Europe wants to reduce emissions by 55% By 2030 and by then we will reduce carbon emissions by 2050.
Wanting to become climate neutral. net Achieve Zero Carbon Emissions 55% by 20130 will do and 200 basically up to 5050 up to one Second let me start a poll for this CBAN first time I will understand if you vote for sure at the poll.
Because all those children are in the exam It would be beneficial if it came vote honestly Okay, I have posted the poll in the chat. I I am repeating it. Carbon Border Adjustment Mechanism in the European Union has passed. Correct? So carbon border Adjustment Mechanism in the European Union has passed. First of all, their main goal About 55% of our carbon emissions by 20130 reduce and we reach carbon neutral Have to become. Correct? These mechanisms from this What do you want? Correct? This mechanism wants as many carbon intensive Goods are being imported into Europe They need as much carbon as possible somewhere Goods Face the Same Carbon Cost OK Prevent Carbon Leakage and Encourage Cleaner Production globally this is our end in us want there to be no carbon leakage and Global production should be done so we can put the mechanism Fair Carbon Price We pay for it Will charge such a product which is from Europe Inside if there is import and do from it Carbon Intensity Carbon Increasing Europe We provide fair price on such goods within We will charge it because we Will disrobe. Hey Guys Like a Tax Like a tax. understand my point of View I am repeating. I repeat I have been the first. Ok? We are above them A mechanism by which we can achieve fair carbon Will charge price. Such Goods Such Goods Below is a list of carbon intensive Goods that are being imported into Europe Is. And imported goods face the same Carbon Cost as European Goods Preventing Carbon Leakages and Encourage Cleaner Production Globally. So this is how it is See the list of goods, following if good What about cement, fertilizer, or Europe?
Correct iron steel is being imported inside If importing aluminum Hydrogen is being imported Aluminum reservoirs, tanks, all these are imported Electrical energy based things are happening Correct agglomerate ion is being imported And all these are products that contain more carbon.
It emits carbon intensive sir.
Who has to comply? All those importers who Importing into Europe and The importer's representative have to be complied with and these are submitted quarterly have to report that they imported How much emission is done directly from goods how much indirect emissions have been made and How much carbon price did the country pay?
Is. Are you understanding the point of view?
Carbon price already paid in the country of Origin. The country in which you carbon carbon charged in production, What is there to clean carbon?
You will have to tell me what I have paid for.
Like cement is made in India. Now become cement K went to Europe. So he will see that the Europeans The price inside and the price in India If the price is there then pay the price of pollution He should. Came to India after polluting.
So did he fill in Fair Price India?
Is? Globally we are discouraging such goods.
Would you like to? are you understanding the point of view? are you understanding the point of view? So you have to understand that in a way Simple logic is CBA AM will follow Products Category Disclosure All importers within Europe have to pay are sitting and all those who are on their behalf Disclosure to the representatives sitting there And basically they get quarterly reports.
I want to give you that they have imported groups from How much direct emission was done?
Indirect emissions and carbon price How much did you already know in your country of origin?
It is full. Now look at this first quarterly Reporting is mandatory. Ok? Purchases You would have liked to have a carbon certificate.
Here on carbon trading, you have CBM Purchasing of certificate is optional and CBM It is mandatory to declare status of. So This transition has come step by step. End What is the key mechanism here?
Want to do it? Address the Risk of Carbon Leakage by Ensuring Equivalent Carbon Pricing of Import and Domestic Production That Is Subject to Carbon Cost. Meaning we will charge this much money.
Maybe if it was made in Europe, you would still be so Carbon emissions. in many more countries than Are doing. So did you see carbon Whether the expenses have been incurred to clear Have you done it? I found out that you have carbon in China I got the emission done and brought it. So this is the point which is called as cba and carbon Border adjustment mechanism. means you Brought to Europe but you carbon emissions Done in China. So what did you do in China?
Brought carbon clearing certificate Did you bring it or not? You have cleared that That I have not done it. This is us cross borders We will make adjustments so that there is no pollution here.
Is happening. Doing it somewhere else. What Did you clear that time or not?
Is? We have introduced a mechanism for this.
And the list of such goods has been notified.
Which you have to handle. Very Clear Guys Move ahead. Correct like a terrific yes very too.
So let's finish this Chapter 13. Chapter 14 What are the benefits of CSR in business? Very Easy operating cost will be lower because you Your brand image will increase somewhere.
Doing CSR will increase sales and customers Loyalty will increase as the brand grows.
If loyalty increases, sales will increase.
Productivity will increase because you are an employee Are spending for. Ok? good Retaining employees because you Working on social cost. Regulatory There will be less oversight. You are the government's and yours The outlook will be good and the government You can raise money in the capital market.
Will find. Well guys, look, the first thing you What would you do? Opting will reduce costs Because you try to reduce pollution a lot.
do. Correct? Your brand image will increase.
Customer loyalty will increase, revenue will increase, High productivity will increase and employee Good employees will work with you. His After the government's attention towards you The outlook will be good and the market will be good. Sir Composition of CSR Committee, if listed If the company is three or more directors, one Independent Director. Unlisted Public If there is a company then three or more directors and one Should be independent. And if your Independent Director Clause in the Company If not then to director. Private Company Two and more directors and foreign companies in at least two directors, one of whom The person whose name is under section 380 We will appoint another person from a foreign company.
Will nominate. Very clear guys. So this Your composition of CSR committee is done.
Listed Company Three and More Director One Should be an independent director. Unlisted Public Company Three or More Directors. Forest Should be an independent director. But no Independent Director Clause 1496 Even if there were two directors in that case Will work. Then after that next is Two and more directors in a private company And there will be two directors in the foreign company.
A guy who when selecting a name out of 380 There is that guy in India and after that I'm okay with any other person nominated.
Is. Sir what is a different mode of inkering CSR activity routes that you can take to CSR Will run the project. Ok? Second Contribution route as per funds schedule Seven mentions such as Prime Minister Relief Fund will give money in that fund and third Contribution to Incubator Research OK and Institutions Institution Root Meaning You have given money to an agency.
There are three routes to do any CSR.
Activity Route Doing CSR Yourself Fund Route In which you paid and contributed Two Sectioned Companies on CSR Panel Sir, which activities are for CSR?
Whoever is not eligible for normal course of The expenses you incur in business Not eligible for CSR. whatever Do you do any activities outside India?
Not eligible for CSR. Who That is the contribution of the political party Not eligible for CSR. whatever Activities for the benefit of the employee There is no code of wages caps to be given.
and any sponsorship activity that you That CSR is being marketed There is sports sponsorship. and those Activities that are related to performing personal duties He is not eligible for CSR. I I am repeating it. Normal Course of Business Activity Taken Outside India Political Party Contribution Activity Benefiting the Employees OK Who Code of He has the right to any sponsorship in wages Activity Marketing Activity and Story Obligation I know this chapter you You go ignorantly but in the exam Your CSR papers become very blank.
It happens later, so I took it.
High and Very Variant S DG India Index S DG India Index Main Repeat I am doing SS DG India Index V-Index SDG India Index SDG India Index I don't know me It's such a feeling India Index: Who created this index?
India did UN United Nations To achieve SG G 20130 Create an index to calculate Have done. Approximately this index is 17 There are goals but SDGs have been implemented by NITI Aayog.
Created an index that will help you Will do. Social progress in almost It is economic and environmental. About 13 We made goals to measure is the index. Ok? Round number 12, 13, 14, 17 has not been possible. 17 goals so far There is no index. This is only 13 goals. And All states and UTs are understanding this.
Is. Make 62 national indicators available in it Has given. Now I am coming to Chapter 15. These The entire chapter has been glanced at.
I'm coming to Chapter 15. Chapter 15 In What is Biomedical Waste? Biomedical Waste is any solid waste, liquid waste and Any intermediate waste treatment Immunization Diagnosis of Human Animal It is generated in. which is biological or It is generated in the health camp. So humans Someone's waste is someone's kidney, someone's eyes Yes, someone has blood, someone has something else. These All is biomedical waste. It may be liquid Be it in form or solid form. But It has come out in someone's treatment or bio You know or it has come out in the diagnosis or It has come out in immunization. So this will be considered as biomedical waste. So some of it Example is like human organs animal Waste generated from veterinary hospital microbiological waste that has been Blood etc. is done in micro labs West Sharp Like Needle Surgicals Glass Discarded Medicines Solid Waste Like dressing bandages etc plaster liquid Waste and Incense, Chemical Waste, etc. Examples are treatment of biomedical waste There are different approaches to autoclaving Insonation Chemical And Microwave Co What does autoclaving mean? where at You put it inside a sterilizer.
Like if there is a doctor, what does he do?
One sterilizes one you know sterilizes If there is liquid, he pours it into it. His Whatever disease or Caesar, whatever He kills the equipment that he has.
So It Completely Disturbed Micro A process of destroying organisms In which it is put in sterilization.
What happens in insanitation? In insanation you What do you do?
You burn it, you burn it directly.
What do you do in chemicals? put chlorine We give. Like you are in a swimming pool Chlorine is added which causes all the diseases.
It gets killed. and microwave Meaning, by heating them at high temperature They kill. So there are four different vests.
There are methods. That is autoclaving, Insertion, chemicals, microwaving.
Microwaving is heating process. heating Process. Ok? And insanity is burning Process.
The chemical is nothing but chlorine. remember Chlorine and autoclaving is sterilization Process Guys, you have to keep them in a liquid. So this is your It is biomedical waste. Sir what is it West? So nowadays a lot of electronic Devices we don't use can't B. Reuse and Destroy that E-Waste Is. And what is this happening somewhere?
These Before Recycling Recycling Facility Can Clean It. give protection to Data from hacker. So you cleaned it up If you have to give it then hackers will misuse the data. This way Electronic devices that are not recyclable are not getting it and it is not in use and We have to decompose it in the environment.
We call it e-waste. So most of it First, what are your majors? what are the Measures to Reduce the E Waste? you didn't There is no need to purchase it. You refurbished Things have to be used. Use second hand things Have to do it. In the market, you have purchased second hand Things have to be used.
Sir, can we write only one example for all?
Did? No no, I mean for which part?
Did you ask? Ok. Then cloud storage But have to go. Pen drive, hard disk.
So big servers on cloud storage Have to go. And if you have any It is not being used electronically.
There are many mobile phones lying around in the house. You Give it to some maid. Buy it today or sell it.
Send it to CashPay. So this reduces e-waste There are chances of it happening. This reduces e-waste There are chances. So tell me what are the measures To Reduce the E Waste? Measures to Reduce Reduce the e-waste purchase. It is correct talk? Shift to cloud storage and Donate any electrical items you have.
Pay it or sell it. Very clear guys sir What is EPR in India? Extended Producer Responsibility in India. So Extended Producer Responsibility in What is there in India? First of all, you understand that all the people who are selling the product today Whatever products they are selling today It is everyone's responsibility to recycle it It belongs to the producer. Whatever material, such as Parachute Oil Company is selling Parachute Oil So the bottle that needs to be recycled is Parachute.
The oil company has to do it. over them today We have put responsibility. So this What is Responsibility in India? everyone Register on the EPR portal Is. We have to give them our action plan so that we how much recycling will they do and then We have to recycle and reuse. They Everything has to be managed. Timely Submission of You have to return it and you do it properly.
Is. You have to tell about your end life and its Proper certificate has to be given. As If you have plastic credit, you can recycle it.
Has given.
it is there I don't know what he is saying, Vishnu is correct.
So here comes Sir European grade deal.
What are the benefits of European grade deals?
These European countries have benefited from each other.
A trend has been created keeping the environment in mind so that What will those people do to pollute the environment?
This is a deal that will reduce the cost, these are its benefits That first of all we have fresh air and clean water.
We want to give energy to people Efficient building consumes less energy Buildings have moved, making people healthier Want to provide food, affordable food want. Increasing public transport want. Cleaner energy, less pollution Yes, long lasting product that can be recycled It is possible. Future Job Proof and Skills Training to Transition and Global Want to create a competitive industry.
So guys with this I have finished your chapter 15 Just glanced at it. So Today We Are Done With 11 12 13 14 15. We will meet tomorrow at 1:00 Have been. What am I supposed to do to you? Tomorrow At 1:00 the tactics will be a little different. 1:00 Come sharp at 10 o'clock. Tomorrow will be the last lecture.
Well I will give you tips and turns. Ok Guys? Tomorrow we will be on a Zoom meeting at 1:00 PM.
Will meet. And I will be sharing you a Lecture link which will be lecture four. My Many prayers are with you. Every day we Writing a positive message. Another one today Write a positive message that you want below Will write in the comment section. Positive every day If you talk, positivity will increase. This is our There is motive. What we will manifest, I will think that will happen. So on the first day you said Tha I will clear my exam. Second Day You said I will make my parents end Teacher proud. Today you will write I AM I am confident and I will handle the exam.
Pressure well. You will write this down after the Live and I am confident and I will Handle the exam pressure well. I will be Work. I will be cool to handle the exam. These You will write it down and go. Okay guys. and thanks a Lot. You're meeting tomorrow at 1:00. tomorrow's time It is 1:00. Thank you. Bye-bye. Take care.
Jai Hind. All the best, and how was the session?
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