1. Sustainability Value
A MONTHLY NEWSLETTER ON SUSTAINABILITY MATTERS FROM GC ADVISORS MARCH-2013, VOLUME:01, ISSUE:01
Sustainability Values intends to bring you updates that are
newsworthy, interesting, trending issues you may like
to know more about. This monthly newsletter is a part of our
endeavour to work with business, stakeholders including
government and civil society towards sustainability
transformation and delivery of sustainability value.
MARKET HIGHLIGHTS Post economic down turn in the US and the Wall Street
CER Price Watch protests, many others argued for more responsible and/or
regulated business, caps on management remuneration and
01 March 2013 accountability processes. In India, for similar reasons and for
ensuring corporate governance (post Satyam) and inclusive
Intercontinental Exchange:
growth preferred the regulation route. The Ministry of
Price (volume) Corporate Affairs released the National Voluntary Guidelines
(NVGs) in July 2011, SEBI in August 2012 mandated non-
0.33 € (230) financial disclosure based on the NVG framework to
demonstrate responsible behaviour.
REC issuance
Sections 134 and 135 of the Companies Bill 2012, mandates
REC issued: 5,117,656 disclosures of CSR policy, projects and their outcomes.
While the debate is still on what constitutes the 2% CSR
REC Redeemed: 3,174,458
spend, a draft guideline was in circulation that required
also companies as defined under clause (1) of Section 135 of
Closing Balance: 1,943,198
the Act to disclose additionally their performance on business
(Source: REC registry, India) responsibility
REC Price Watch Do communicate your views and valued opinions, we will try
and cover this in the next edition. Till then......
Feb 2013 Session

2. IEX: Price(Volume)
Editor.
Non solar –INR 1,500(48,093)
Solar – INR 12,500(1,924)
Sustainability Matters
PXIL: Price(Volume)
Are Top Indian Companies Ready for SEBI’s Business
Non solar –INR 1,500(104,859) Responsibility Reporting?
Solar – INR 13,000(310) A recent study conducted by Carbon Masters on preparedness
levels of top BSE-100 companies, indicated that 64% of the
Dow Jones Sustainability World Index top affected companies are not prepared to submit SEBI’s
prerequisite Business Responsibility (BR) report.
The Dow Jones Sustainability World
Index is composed of global
sustainability leaders as identified by New CSR guidelines for public sector firms shift focus to
SAM through a corporate ethics
sustainability assessment. The index
represents the top 10% of the largest New corporate social responsibility (CSR) guidelines for
public sector companies emphasize on ethics and
2,500 companies in the Dow Jones
sustainability rather than on financing external projects,
Global Total Stock Market Index based according to a draft paper posted on the department of public
on long-term economic, environmental enterprises’ (DPE) website.
and social criteria.
How India Inc can make their CSR spends count
EVENTS
How that the new Companies Bill has mandated that
organisations of a certain financial strength spend 2% of their
ASEAN Corporate Sustainability
net profit on corporate social responsibility (CSR), two things
Summit are likely to happen right away. First, the general spend on
development projects will shoot up, with more companies
General Carbon speaking at ASEAN having to set aside funds for this.
Corporate Sustainability Summit,
happening in Manila, Philippines on Don't View 2% CSR Spend as a Spend - View it As A
April 4-5, 2013 the summit will feature Core Business Strategy
40+ of the best regional and
international sustainability leaders Do you think of the recent Companies Bill in India mandating
from award-winning enterprises and companies of certain size to spend 2% of their net profits on
will bring together 200+ local and CSR (Corporate Social Responsibility) activities will bring
Southeast Asian practitioners from higher transparency, efficiency and responsibility among the
industry, government, regulatory Indian businesses?
bodies, multilaterals and academy. Our
3 Corporate Sustainability Issues for 2013
CEO Dr. Ram Babu, will be a key
speaker in this event. This year, many others in the private sector will do their part
by championing strategies that concern three key sectors:
corporate support for renewable energy, finding greener ways
of doing business and evolving consumer behavior.