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Tag: ESG

  • Crompton fans greener future with ambitious 2035 goals

    Crompton fans greener future with ambitious 2035 goals

    MUMBAI: Crompton is turning up the heat on sustainability. India’s leading consumer electricals brand, Crompton Greaves Consumer Electricals Ltd, has unveiled its ambitious 2035 sustainability roadmap, pledging to halve Scope 1 and 2 greenhouse gas emissions and cut ceiling fan emission intensity by 60 per cent against 2022 levels.

    The company has completed detailed carbon assessments across seven major product categories, including fans, pumps, lighting and appliances, and is embedding Design for Sustainability (DfS) principles to ensure future products are environmentally responsible without compromising on performance. Crompton’s Highspeed 48 ceiling fan has already earned the CII Greenpro Certification, and the company aims to replicate ecolabel certifications across all key categories by 2030.

    Solar power forms a central part of the strategy. Crompton is expanding its solar portfolio through rooftop installations, solar lighting solutions, and active participation in solar pump tenders. Manufacturing facilities, starting with those having the highest emissions, will increasingly run on renewable energy, contributing to a low-carbon value chain.

    To track progress, a centralised ESG dashboard has been deployed across major locations, enabling real-time monitoring of emissions, water and waste. This data-driven approach has allowed Crompton to complete a fully verified ESG audit for FY25. In parallel, a Sustainable supply chain code of conduct will engage key vendors in structured emissions tracking and reduction, extending the climate action beyond internal operations.

    MD & CEO Promeet Ghosh said, “Our products impact the environment and are impacted by it. Climate change is shaping consumer behaviour, and we are mindful of our products’ environmental footprint. Sustainability is not just a responsibility but a driver of smarter innovation, product differentiation and consumer affinity. Our mission is clear: to build a resilient, low-carbon business offering sustainable products at affordable prices.”

    Crompton’s commitment has already earned global recognition, ranking 4th worldwide in the household durables sector in the S&P Global Corporate Sustainability Assessment 2024 and inclusion in the S&P Global Sustainability Yearbook 2025. Domestically, Crompton has won multiple National Energy Consumer Awards and has been lauded as one of India’s Best Managed Companies 2022.

    With 85 years of legacy and a track record of innovation in fans, pumps, lighting, and other home appliances, Crompton is setting a new benchmark for consumer durables in India, proving that performance, innovation and environmental responsibility can move forward hand in hand.

  • Zee gets thumbs up on ESG from S&P; leads media sector in ESG rankings

    Zee gets thumbs up on ESG from S&P; leads media sector in ESG rankings

    MUMBAI: Even as certain government bodies are investigating Zee Entertainment for lack of transparency and for misuse of corporate funds in India, a global rating provider S&P Global’s Corporate Sustainability Assessment has given it a score of 44, placing it among the top 10 per cent of global media companies and well above the industry average of 20. 

    Ironical is it not? A prophet is not recognised in his own country, but is venerated elsewhere.

    The Indian media powerhouse recorded a 16-point improvement from 2023, reaching the 93rd percentile in the global media, movies and  entertainment sector. The company achieved top marks in transparency and reporting, whilst scoring above the 90th percentile in business ethics, cybersecurity, labour practices, and customer relations.

    “Sustainable growth remains key to driving long-term success”, said Zee CEO Punit Goenka,  emphasising the company’s focus on environmental sustainability and governance frameworks.

    The assessment evaluated Zee’s management of material ESG risks through company disclosures, stakeholder analysis, and detailed corporate engagement. The score reflects Zee’s enhanced commitment to responsible business practices as it seeks to maintain its position as a leading entertainment provider in Asia’s third-largest economy.

     

  • Hinduja Group appoints Amit Chincholikar as group president – HR

    Hinduja Group appoints Amit Chincholikar as group president – HR

    MUMBAI: The Hinduja Group has announced the appointment of Amit Chincholikar as its group president – human resources, effective 2 January 2025. He succeeds Amanppreet Singh Bhatia, who successfully led the HR function for five years before moving on.

    With over three decades of experience in human resources, Chincholikar is set to lead the Hinduja Group’s HR strategy, leadership development, and transformation initiatives. His illustrious career spans diverse industries and geographies, including India, the United States, and Singapore.

    In addition to his HR acumen, Chincholikar has successfully led functions such as sustainability, environmental, social, and governance (ESG), corporate communications, and business excellence in previous roles.

    Before joining the Hinduja Group, Chincholikar served as the global chief human resources officer at Yokohama Off-Highway Tires (OHT). His career highlights include significant contributions at Tata Consumer Products, Tata Sons Limited, Aditya Birla Group (ABG), and Mercer Human Resource Consulting.

    Chincholikar’s ability to design and execute transformative HR practices has positioned him as a sought-after leader in the field.

    Amit Chincholikar holds a Master’s degree from the Symbiosis Institute of Business Management and a Bachelor’s degree in science, specialising in statistics and operations research, from Bombay University.

    The Hinduja Group expressed confidence in Chincholikar’s ability to drive its HR vision forward. His leadership is expected to strengthen the group’s focus on employee engagement, sustainability, and business excellence, aligning with its mission to foster growth and innovation across its global operations.

  • Zeel reappoints Punit Goenka as MD & CEO, eyes future growth

    Zeel reappoints Punit Goenka as MD & CEO, eyes future growth

    MUMBAI: Abraham Lincoln once said, ‘Nearly all men can stand adversity, but if you want to test a man’s character, give him power.’ Embracing this ethos, Zee Entertainment Enterprises Limited (Zeel) reappointed Punit Goenka as MD & chief executive officer, reaffirming its commitment to leadership stability and growth. 

    With more than 25 years in the media industry, Goenka is set to lead the company for another five years, from 1 January 2025, to 31 December 2029, focusing on content quality and profitability. The board of directors’ approval on 18 October 2024, marks a strategic move to ensure continuity and enhance shareholder value.

    The announcement comes amidst Zeel’s ongoing transformation, with Goenka leading initiatives aimed at optimising operations and driving content excellence. Under his stewardship, the company achieved significant growth, expanding its footprint to over 1.3 billion viewers across 190+ countries. Zeel has become a diversified entertainment powerhouse, with strong positions in broadcasting, digital streaming, films, and music.

    “We are confident that Punit’s vision and leadership will continue to drive Zee forward,” stated a company spokesperson. “His ability to identify growth opportunities and strengthen Zee’s market presence has been instrumental in our success.”

    Goenka’s reappointment comes as ZeeL pursues a strategic growth plan focusing on frugality, optimisation, and content quality. In recent years, the company streamlined its operations into four main segments: broadcast, digital, movies, and music. By realigning its organisational structure, Goenka aims to boost productivity, promote cross-functional collaboration, and enhance profitability.

    His emphasis on efficiency extends to resource utilisation, with recent measures leading to a significant improvement in the company’s EBITDA margins. In the first half of FY25, Zeel, reported a year-over-year increase of 330 basis points in its EBITDA margin, highlighting the impact of effective cost management and strategic content investments.

    Goenka’s leadership has also guided the company through multiple industry accolades, including the broadcaster of the year award and recognition for treasury transformation initiatives. He has been a proactive figure in the entertainment ecosystem, contributing to regulatory and industry bodies such as the Indian Broadcasting & Digital Foundation (IBDF) and the Broadcast Audience Research Council (BARC).

    Looking ahead, Goenka plans to deepen Zeel’s content creation capabilities, focusing on delivering top-tier entertainment that resonates with diverse audiences. 

    “We are committed to creating stories that not only entertain but also drive positive societal change,” he said. Goenka’s strategy also includes furthering the company’s Environmental, Social, and Governance (ESG) efforts, which have recently centred on sustainable development and social impact projects.

    Zeel has made strides in mapping its ESG footprint, implementing programs for women empowerment, heritage preservation, and rural development. Under Goenka’s guidance, the company aims to reduce its environmental impact while enhancing governance practices through stakeholder collaboration.

     

  • PM Narendra Modi achieves an approval rating of 65 cent in September 2023: Ipsos IndiaBus Poll

    PM Narendra Modi achieves an approval rating of 65 cent in September 2023: Ipsos IndiaBus Poll

    Mumbai: According to the new wave of the Ipsos IndiaBus Poll, PM Narendra Modi has achieved an Approval Rating (AR) of 65 per cent among urban Indians. Seven per cent were neutral, 18 per cent disapproved and nine per cent were undecided.

    Ipsos IndiaBus Poll

    Zones, cities,  SECs, age groups, cohorts – How does Mr Modi stack up

    Zone-wise, the approval rating outcome showed Mr Modi achieving a higher rating in western India (80 per cent), eastern India (73 per cent), and northern India (72 per cent), though in southern India his approval rating was a measly 31 per cent. Likewise, his AR was higher in tier one (76 per cent), tier two (64 per cent) and tier three (62 per cent) vis-à-vis metros (58 per cent). Interestingly, his AR was almost the same across SECs – SEC A (69 per cent), SEC B (64 per cent) and SEC C (63 per cent).

    Approval rating across the two genders was almost at par – women (65 per cent) and men (64 per cent). A similar trend was noticeable across age groups where his approval rating was steady – 18-30-year-olds (66 per cent), 31-45 years (64 per cent) and 45 (64 per cent).  Also across the different cohorts, his approval rating was high – unemployed (75 per cent), students (69 per cent), employed (67 per cent) and full-time parent/ homemaker (63 per cent), with the exception of the self-employed (47 per cent).

    Notably, those with higher education gave a higher approval rating of 70 per cent to Mr Modi versus those with lower education, who gave an AR of 61 per cent.  

    ESG and CSR group service line leader, public affairs, and corporate reputation Parijat Chakraborty said, “PM Narendra Modi has achieved an approval rating of 65% on how Indians perceive his role as the prime minister of India. By and large across demographics Mr. Modi has received high approval ratings considering some respondents were undecided or neutral. His disapproval is less than 2 in 10, while his approval is 2 in 3 of those polled. Only the residents of the south zone and the self-employed seem disgruntled. Under his stewardship India has been shining on several fronts, recently he has gathered new feathers in his cap of Chandrayaan 3, Aditya L1 and India successfully hosting the G20 Summit. He also has the gift of the gab and connects with audiences across SECs and age groups.”      

    Methodology:

    Ipsos IndiaBus is a monthly pan India omnibus (which also runs multiple client surveys), that uses a structured questionnaire and is conducted by Ipsos India on diverse topics among 2200 respondents from SEC A, B and C households, covering adults of both genders from all four zones in the country. The survey is conducted in metros, Tier 1, Tier 2 and Tier 3 towns, providing a more robust and representative view of urban Indians. The respondents were polled face-to-face and online. We have a city-level quota for each demographic segment that ensures the waves are identical and no additional sampling error. The data is weighted by demographics and city-class population to arrive at the national average.

  • Goa to build film city within two years: Wagh

    Goa to build film city within two years: Wagh

    PANAJI: Goa is well on its way to building a film city and will be adding at least two multiplexes and a convention centre over the next two years in Panaji which plays host to the International Film Festival of India.

    This was announced by Vishnu Surya Wagh, Chairman of the Kala Academy and Vice Chairman of the Entertainment Society of Goa, at the inauguration of the Open Forum at the Festival venue. The Open Forum has been organised by the Federation of Film Societies of India with the Indian Documentaries Producers Association with the cooperation of the IFFI Secretariat and the ESG.

    Referring to local criticism about hosting a Festival at a time when the state was facing an economy crunch, he said there was need to develop cinema as an alternate business which could bring in as much revenue as other businesses did.

    Wagh, who is an MLA, said the state government was in the process of consulting film personalities to shortlist a suitable place for a film city. He said it was unfortunate that filmmakers who came to Goa to shoot often had to bring their own equipment as there was no infrastructure.

    However, he said Goa recently won the Cinemascapes award for the Best Film Destination in India.

    Referring to ESG, he said the Society had been set up to facilitate IFFI to hold the Festival here after the decision to make this the permanent venue.

    IFFI Director Shankar Mohan said the entire world was moving towards digital technology and therefore some films had been screened only at Kala Academy and it was not possible to re-screen them elsewhere. This had been done to prevent theft of copyright and prevent video piracy. He said 60 per cent of the films here were in DCP, which meant that reels were not available and passwords were needed to screen these films.

    He said the Festival this year had seen tremendous vibrancy and a steep jump in the number of delegates. The Open Forum had now moved to a greater purpose and focus. Each section had its own genre, he added.

    IDPA President Mike Pandey welcomed the idea of a film city in Goa and said this would help the growth of better cinema.

    FFSI President Kiran Shantaram and Sudhir Nandgaonkar also spoke at the forum which will be held daily till 29 November at 1.30 pm in the area outside Inox.

  • ESG takes firm stand on illegal shoots in Goa, opens helpline

    ESG takes firm stand on illegal shoots in Goa, opens helpline

    MUMBAI: After receiving several complaints of illegal film shootings being carried out in Goa, the Entertainment Society of Goa (ESG) has taken a firm stand and opened a helpline to report such cases.

    According to the society, the shootings, scripts of which are not approved by the ESG might project Goa in a negative light. “It is noticed that a number of film shoots are carried out without authorised permission or illegal, resulting in extreme damage to public property and loss of revenue to the Government,” the ESG said in a press note.

    ESG, established in 2004, is a nodal agency in the organisation of the International Film Festival of India and also for issuing film shooting permissions for Goa.

    It may be noted that ESG officials, with police assistance in tow, have stopped a number of illegal film shoots.

  • Mike Pandey decries spat between I&B ministry and Goa govt

    Mike Pandey decries spat between I&B ministry and Goa govt

    MUMBAI: Chairman of the steering committee of the International Film Festival of India (IFFI) Mike Pandey has opined that squabbling between the Information & Broadcasting (I& B) ministry and the Goa government over sharing the costs could weaken the event.


    In a letter to the Goa government dated 14 July, Pandey has also written to the Directorate of Film Festivals (DFF) that the current goings-on between the two agencies were disturbing.


    “We need to get away from the syndrome of this is something ‘incurred by Goa state‘ or ‘that belongs to the Centre‘. Let us pool our strength, experience and hearts and work as one team,” averred Pandey.


    It was under the I&B Ministry‘s insistence that Pandey has been trying to sort out differences between the two entities.


    The DFF functions under the I&B ministry and the Entertainment Society of Goa (ESG), a government society created to promote films in the state.


    The ESG, chaired by chief minister Digambar Kamat and the DFF, headed by a senior I&B official, have for years been at loggerheads over logistical and expense related issues of the IFFI, which is being held in Goa for several years now.


    The Goa government claims that it foots the bill of several crores of rupees every year but is not compensated enough.