Importance of ESG in today’s business discussed

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Importance of ESG in today’s business discussed

Wednesday, 20 September 2023 | Agencies

Dhir & Dhir Associates, a leading law firm committed to promoting sustainability and responsible business practices, successfully hosted the 3rd edition of ESG Research Lab, which garnered tremendous attention from the legal community.

With over 850 registrations received from more than 80 esteemed law colleges across the country, the virtual marathon served as a platform to foster meaningful discussions and raise awareness about the importance of ESG (Environmental, Social and Governance) in today’s business landscape. The virtual marathon was a culmination of legal professionals and academia passionate about driving positive change and shaping a sustainable future.

Dhir & Dhir Associates aimed to create an inclusive dialogue, knowledge-sharing, and collaborative problem-solving space.

Participants had the opportunity to engage with industry experts, thought leaders, and experienced practitioners, gaining invaluable insights into the legal aspects of ESG compliance, reporting, and impact assessment. “By creating platforms and opportunities for young individuals to participate actively, we foster a sense of responsibility, ownership, and empowerment,” said Alok Dhir, Managing Partner at Dhir & Dhir Associates. “This research lab serves as a platform for the youth to connect with industry leaders, experts, and like-minded peers who share their passion for sustainability.”

The virtual marathon featured keynote speeches and panel discussions around various ESG dimensions, including environmental conservation, social responsibility, and corporate governance.
Chief Guest Amit Jain, CEO and Co-Founder of CarDekho group emphasised the significance of taking small, impactful steps towards leading a sustainable life. During his keynote address, Mr Jain highlighted the grave consequences of plastic pollution, emphasising its immense threat to marine life, ecosystems, and human health. He underscored the urgent need to revamp our consumption patterns and reduce plastic waste generation.

The second day of the virtual marathon marked a significant milestone with the induction ceremony, where participants were formally welcomed and oriented towards their tasks, responsibilities, and guidelines for the duration of the virtual marathon.

During the virtual marathon, participants were given distinct tasks encompassing various aspects of sustainability and environmental consciousness. These tasks included UNSDG mapping, which involved identifying and aligning actions with the United Nations Sustainable Development Goals, Case Indexing, which entailed analyzing and categorizing relevant case studies, and Company Reviews, where participants assessed different companies' ESG practices.

A notable component of the virtual marathon was the emphasis on raising awareness about plastic pollution, in line with the United Nations Environment Programme’s (UNEP) theme for World Environment Day: #BeatPlasticPollution. In this regard, each participant was required to write an article addressing this theme. This directive encouraged participants to think critically about the detrimental impact of plastic pollution on the environment and propose practical solutions to mitigate it.

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