Read Aloud the Text Content

This audio was created by Woord's Text to Speech service by content creators from all around the world.

Text Content or SSML code:

Hello everyone, My name is Vijay and I have my team members, Ishaan, Aditi, and Nikhil also along with me. We are really excited to present our Innovation idea before the panel and , thrilled to be part of this fantastic Innovation journey of RSM innovation. This season is special to us, as this is the first time this challenge is open to the India team as well, and we are really looking forward to your guidance and vision. Before showcasing the prototype, we would like to talk briefly about current problem our world is facing and its potential solution. Businesses are facing increased pressure from society and governments to reduce their carbon footprints and damage caused to environment by their activities. As per United nation - current climate plans for all 193 parties to the Paris agreement taken together- would lead to a sizable increase of almost 14% in global greenhouse emission by 2030, compared to 2010 levels. The Glasgow Climate Pact called on all countries to revisit and strengthen the 2030 targets in their Nationally Determined Contributions by the end of 2022, to align with the Paris Agreement temperature goal. Most emissions come from just a few countries. So, there is a need of some self-regulation which would lead to sustainable world and clean environment. ESG acronym which stands for Environmental, social and governance. ESG is more than ticking boxes. It’s about making a difference - for your business and our world. Creating sustained outcomes that drive value and fuel growth, whilst strengthening our environment and societies. A large and increasing numbers of the world’s investors are integrating environmental, social and governance or ESG, to understand risk and opportunities. ESG metrics are not commonly part of mandatory financial reporting, though companies are increasingly making disclosures in their annual report or in a standalone sustainability report. Can you spot the difference in the financials of these two companies? They seem identical but an ESG lens can help investors identify risks not picked up by the conventional financial analysis. Risk that could impact financial performance, because of operational costs or costs of litigation. Different ESG risks can impact different industries, however corporate governance, due to its universal importance is examined for all industries. ESG ratings focuses in on what’s significant to a company’s bottom line, and comparable with its peer group.