The RBI Report of the Survey on Climate Risk and Sustainable Finance
The RBI released a discussion paper exploring strategies to address Climate change related financial risks on July 2022.
Climate-related risks refer to the potential risks that may arise from climate change or from efforts to mitigate climate change, their related impact and the economic and financial consequences.
It can impact the financial sector through two broad channels — physical risks and transition risks
The paper suggested that regulated entities use stress testing and climate scenario analysis to identify and assess vulnerabilities in their businesses. The key learning and suggestions from the survey on climate risk and sustainable finance are categorised under the following topics.
Risk management
Governance
Climate-related financial disclosures
Opportunities from transition to a green future
HR and capacity building
Green initiatives (internal)
Based on the feedback received, the RBI shall issue several guidelines in a phased manner for Regulated Entities. These guidelines shall include
Broad framework for acceptance of Green Deposits
Disclosure framework on Climate related Financial Risks.
Guidance on Climate Scenario Analysis and Stress Testing
RBI has also decided to have a dedicated webpage on its website which will consolidate all instructions, press releases, publications,speeches and related RBI communication on Climate risk and sustainable finance.
World Accreditation Day Conference – Post Event Update
World Accreditation Day Conference 2022 – Post Event Update
WAD 2022 Conference jointly organised by International Accreditation Services (IAS), USA; Bureau of Indian Standards and Consultants Consortium of Chennai ended on June 10th 2022 with a positive a note.
Two days conference held on June 9th and 10th had eminent speakers from India and abroad , from various sectors , sharing rich insights about Standards, Certifications, Accreditations, Inspections & Regulations related to Sustainability and Environment across the globe.
Two days of intense learning sessions came to an end on June 10th.
Conference had 324 delegates registering for multiple sessions across two days and the feedback received from them is very encouraging.
The conference is supported by many Trade and Industry Platforms as listed below :
Sharing few pictures of the event for reference :
Inaugural
Speakers introduction
Speakers introduction
Dr R Velraj & CCC’s VP Mr Ramkumar Sivaraman
Inaugural Session
Inaugural SessionDr R Velraj’s Keynote AddressBIS TeamDR R Velraj, VC, Anna University & Shri USP Yadav , DDG – BIS , Southern RegionDr Deepak Samuel V, CMR – NCSCM, SpeakerMr Nambi , GC Member – CCCDr M Sasikala NHHID – Anna UniversityMr Ashish Dev Lead Auditor & Tutor- COTECNA IndiaMe U S P Yadav, Scientist F and Deputy Director General , ( Southern Region) – BISOffsite DelegatesMr Premkumar Jayvin Md/ Principal Consultant , Jayvin Management Systems and SolutionsMr K Vijayaveeran Scientist D & Joint Director Bureau of Indian StandardsDr Ghadevaru Sarathchandra, Professor and Head TANUVAS & Representative of NABLDr R Velraj & Dr Ghadevaru SarathchandraDr K Sankaran , Dr M Sasikala – NHHID HubMr Anil Jauhri, Ex CEO – NABCB & SpeakerMr Ramanathan Ganesan DQS India , SpeakerDr Jagannath Patil Advisor, NAAC India & SpeakerMs Nisha Rani Legal & EIA Expert , SpeakerMs B Sandhya, Scientist G – Head – Certification, KIHT, SpeakerMr Vivek Kulkarni, Laundry Expert , SpeakerMr R Deswal, President , AOIL & SpeakerDr Harinder Singh Oberoi Advisor ( Quality Assurance ) – FSSAIMr Karthik S Easwar, Head, Quality and Regulatory Affairs, IAS, USAMr VIshnu P. Sudarsan Partner, J Sagar AssociatesDr Nisha Kohli, Founder & CEO CorpStage – Sustainability Platform, SpeakerDr Aparna Dhawan Executive Director, TIC Council IndiaMr Amit Thusu, Sr. Director – Climate Actions, Global Carbon Council, SpeakerMs Jyotsna Belliappa, Founder and Director – Bluesky Sustainable Business, SpeakerMr Prosenjit Mitra, Dy. General Manager, TUV SUD South Asia, SpeakerMr Sandeep Bhargava CEO – Onecert International Nominee – ACBI, SpeakerMr Karthi Thiyagarajan, GC Member – CCCMr Thiruvengadam, GC Member – CCCMr D Srikanthan, Secretary – CCCGC Members – CCCCCC TeamDelegates – OffsiteCCC TeamCCC TeamConference Venue – National Centre for Sustainability and Coastal Management
Session Videos are shared here for industry and stakeholders benefit. Please check the links below
INAUGURAL SESSION : Theme – Sustainability in Economic Growth and the Environment
