Webinar on 'Valuation of Natural Capital in the context of Indian Businesses'

24 Jul 2018 24 Jul 2018
Ms Preeti Bathla
Webinar

Valuation of natural capital On-going natural capital degradation has a material impact on companies by causing supply chain disruptions or by being forced to introduce costly alternatives to traditional inputs – undermining performance, profits, their license to operate and access to new markets. This assumes immense importance for a country like India – which has its economy closely linked to the natural resource base.

Natural capital valuation demonstrates where and how investing in natural capital, such as water regulation and purification and natural hazard regulation, can generate considerable cost savings and avoided expenditures. It can also help companies get a better picture of what their assets are worth and points to opportunities for generating more income or earning a better return from such assets.

Relevance for the application of natural capital valuation as a tool to integrate the principles of protecting natural resources with key business processes and decisions are in abundance. The recent notification of SEBI encourages the top 500 listed companies to voluntarily adopt the integrated reporting principles. The Principle-wise Performance Disclosure suggested by the Ministry of Corporate Affairs, Government of India in the draft National Guidelines on the Economic, Social and Environmental Responsibilities of Business of 2018 articulate a set of leadership indicators. This in effect encourages companies to less danger of "externalities" emerging as liabilities.

On 24th July 2018, 02:30-03:30 PM

Webinar take-aways

  • Introduction to Natural capital Accounting
  • Assets and Liabilities in Natural Capital Accounting
  • Evolution of a formal system of Natural Resource Accounting at National and State level
  • Experience and learning from undertaking a Natural Capital Assessment - at State level and at a Company level
  • Experience and learning from using the results of Natural Capital Assessments to drive internal buy-in and foster board-level engagements

Moderator

Mr Arupendra Nath Mullick Vice President - TERI Council for Business Sustainability (CBS)

Arupendra Nath Mullick, with his vast experience, leads inter-disciplinary research teams to undertake varied initiatives pertaining to sustainable development, corporate social responsibility, and climate change for Indian businesses. His role extends beyond project management and includes knowledge sharing, networking, and communications. As the Area Convenor of TERI Council for Business Sustainability, Mr Mullick develops sustainability roadmaps and steer CXO level engagements for Fortune 500 companies to articulate the business case of sustainability. He has trained mid-level corporate sector executives, Railway Officers, government officials, and CAG auditors on varied subjects. He has led development of a first-of-its kind sustainability dashboard for a NSE-listed chemical sector client to align sustainability goals with its business objectives and measure progress of sustainability performance. In addition, he has several research papers and presentations at various national and international fora to his credit.


Speakers

Dr Divya Dutt Senior Fellow & Director, Resource Efficiency & Governance

Dr Divya Datt is Senior Fellow & Director, Resource Efficiency & Governance, TERI. She has over 15 years of experience in applied policy research in the environment and development sector. Her areas of interest include valuation of natural resources and ecosystems services, economic cost benefit analysis, environmental fiscal policy, and resource federalism. She has led inter-disciplinary research teams in these areas and has worked with several ministries in the Government of India, state governments, and most major multilateral and bilateral agencies.

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Ms Alka Upadhyay Assistant Vice President, Tata Sustainability Group

Alka heads the Environment Services Team, and is responsible for promoting environmental sustainability across the Tata group of companies by driving various initiatives such as Water Footprint Assessment, Low Carbon strategy and Energy management, Natural Capital Valuation and concept of Circularity. Her work essentially involves providing advisory to Tata companies which entails seeking out and meeting C-suite executives, identifying and developing improvement plans and securing senior-level commitment for their implementation.

She is a metallurgist by discipline, and has spent over 14 years in the steel industry. She has been responsible for conceptualisation and facilitation of technological improvements in the area of iron making in Tata Steel. She has been felicitated with the Young Metallurgist award in 2005 in ferrous category by the Ministry of Steel. Alka is also a Harvard Business School alumna.

She has over 7 years of experience in Climate Change and Sustainability. Before joining the Tata Sustainability Group, she was a part of the Climate Change and Sustainability cluster at Tata Quality Management Services.

She enjoys reading biographies and fiction, and running half marathons.

Contact Details

Ms Preeti Bathla
Associate – Corporate Partnerships
TERI Council for Business Sustainability
Email: preeti.bathla@teri.res.in