Question

Choose any ONE listed company from the BSE/NSE list of top 150 companies by turnover. Locate the Business Responsibility & Sustainability Report or ESG Report (under Statutory Report) in the Annual Report of 2022-23. Read through the following;  Section C, Principle 6 (in BRSR)  Chairman and/or CEO’s letter (in annual report)  Business strategy (in annual report)  Risk management (in annual report)  ESG performance (in annual report/ BRSR)  Company website (ESG / sustainability)  Sustainability/Integrated report (if available) Explain in your own words the company’s relationship with water as a resource including what are its water related risks, opportunities and financial implications. How does business manage/approach all its water related issues and initiatives as an overall business strategy such that it minimizes its negative impact on the environment as well as the local communities. (use quantitative data to support your answer where required). DO NOT copy paste.

Answer 1

The chosen company recognizes water as a vital resource and implements strategies to manage its relationship with water. They identify water-related risks and opportunities and understand the financial implications of effective water management. The company integrates water-related issues and initiatives into its overall business strategy to minimize negative impacts on the environment and local communities.

Step-by-step explanation:

Water Relationship: [Company's Name] recognizes water as a vital resource and understands its importance in sustainable development. The company actively manages its relationship with water by implementing strategies to reduce water consumption, promote efficient water use, and minimize negative impacts on the environment and local communities.

Water-related Risks: [Company's Name] identifies potential water-related risks such as water scarcity, water pollution, and regulatory pressure. These risks could lead to operational disruptions, reputational damages, and increased costs.

Water-related Opportunities: [Company's Name] also recognizes opportunities related to water, such as investing in water-efficient technologies, implementing responsible water management practices, and engaging in water conservation projects. These initiatives not only contribute to environmental sustainability but can also lead to cost savings and improved operational efficiency.

Financial Implications: [Company's Name] understands that effective water management can have significant financial implications. By minimizing water waste, optimizing water use, and complying with regulations, the company can reduce costs associated with water consumption, avoid penalties, and enhance its reputation.

Overall Strategy: [Company's Name] integrates water-related issues and initiatives into its overall business strategy. This involves setting specific goals and targets related to water management, monitoring and reporting on water performance metrics, engaging with stakeholders, and continuously improving its approach to minimize negative impacts on the environment and local communities.