Bhubaneswar, Odisha, India, 19th September – In a compelling session at Xavier Institute of Management (XIM) University, Mr. Saikat Basu, CEO at Consultivo, took centre stage and held forth on the sciences and thought processes behind Environmental, Social, and Governance (ESG) practices and their unprecedented impact on the development sector
The event served as a platform for education, in addition to acting as an inspiration for the young minds present. As XIM University looks to present its students with opportunities to satisfy their intellectual curiosity and momentum, sessions like these with industry stalwarts contribute significantly to the holistic development of the students.
Mr. Prasanta Biswal, Head of JSW Group’s Corporate Social Responsibility arm and Corporate Relations, was another distinguished speaker at the event, further enriching the discussion on sustainable development.
Consultivo extends gratitude to XIM University for the chance to interact with bright young minds and looks forward to further opportunities to collaborate and drive conversations on sustainability, business responsibility, and the transformative power of ESG in the development sector.
Dialogue on ESG and Social Impact
The stage set the ball rolling for a meaningful dialogue on the future of sustainable development as Mr. Basu engaged with the audience, comprising keen management students, as part of XIM University’s ‘Abhivyakti’ series.
During his segment, Mr. Basu drew from his extensive 25-year career in sustainability, Corporate Social Responsibility (CSR), safety, due diligence, business excellence, and risk management. His multifaceted experience as an implementer, auditor, trainer, and consultant across more than 20 countries provided a rich repository of experiences and tales (CSR Impact Assessment Report Example) for the audience to absorb precious insights.
Empowering Tomorrow
The crux of the session focused on equipping the leaders of the future with the knowledge and tools to navigate the evolving landscape of corporate strategy, sustainability, and social responsibility. Mr. Basu expounded on the essence of ESG, clarifying its critical role in shaping the contemporary corporate landscape.
The discussion highlighted the strategic alignment of ESG principles with the sustainable development goals of the UN, portraying how conscientious decisions in the realms of environment, social responsibility, and governance could be transformative not only for businesses but for society at large.
Choosing What Not to Do: A Strategic Approach
Reflecting on the wisdom of Prof. Michael Porter, “The essence of strategy is choosing what not to do,” Mr. Basu shed light on the roads that organizations could take to contribute meaningfully to social impact while maintaining profitability. Real-world examples and case studies were discussed to illustrate instances where companies successfully navigated the delicate balance between profitability and social betterment.
The Inside Word on Implementation
In addition to analyzing theoretical frameworks, Mr. Basu provided practical know-how on the implementation of ESG strategies. Anecdotes from his experiences as a Subject Matter Expert on international standard development projects shed light on the challenges and triumphs encountered in the field.
Dynamic Q&A: Stirring Tomorrow's Leaders
The session concluded with a dynamic Q&A session, where students had the opportunity to delve deeper into specific aspects of ESG and its practical applications. The students were happy and curious, and this reflected a growing awareness of the pivotal role that ESG plays in shaping the future of businesses and society.
An Inspiration for Tomorrow
The event served as an educational platform and an inspiration for the young minds present. This is a pro-bono initiative of Consultivo. This demonstrates Consultivo’s commitment to sustainability, CSR, ESG excellence, and social impact communication.
About Consultivo:
Consultivo is a management advisory and consulting firm helping global businesses in the areas of Sustainability, Business Excellence and Risk Management – both in the strategic and operational levels.
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