Environmental, Social and Governance – Principles & Practice

Paper Code: 
24BCS611
Credits: 
06
Contact Hours: 
90.00
Max. Marks: 
100.00
Objective: 

Course Objectives:

This course will enable the students to develop skills of high order so as to provide thorough knowledge and insight into the best Governance Practices, Risk Management, ESG Principles and corporate sustainability reporting, Fundamentals of ESG, Importance of ESG, ESG as business strategy, Key ESG Factors, ESG and Sustainable development, ESG as an investment, ESG Management Systems.

 

Course Outcomes: 

Course

Learning outcome

(at course level)

Learning and teaching strategies

Assessment Strategies

Course Code

Course

Title

 

24BCS611

Environmental, Social And Governance – Principles & Practice

(Theory)

CO 1:Evaluate the importance of Conceptual Framework of Corporate Governance, Legislative Framework, Board Committees and Board effectiveness.

CO 2:Determine Stakeholder’s rights, disclosures and data governance.

CO 3:Develop an understanding of corporate and social responsibilities, ethics code of conduct and board’s accountability on ESG.

CO 4:Explore government influencers and role of company secretary as a professional in ESG.

CO 5:Evaluaterisk management framework, risk management process, types, steps in risk management; legal provisions on risk management;

CO 6:Contribute effectively in course – specific interaction.

Approach in

teaching: Interactive Lectures, Discussions, Tutorials, Problem solving sessions, Presentations

 

 

Learning activities for the students: Self-learning assignments, Case Study Analysis, Presentations, Group Discussions

 

Continuous Assessment Test, Semester End Examinations, Quiz, Assignments, Class Presentations, Individual and group projects.

 

18.00
Unit I: 
Corporate Governance: Framework, Legislation and Board dynamics

Conceptual Framework of Corporate Governance:

  • Evolution of Corporate Governance,
  • Corporate governance concepts, Corporate Governance Forums,
  • Corporate Governance Codes and international legislative  framework on corporate governance,
  • Indian & International concept of Corporate Governance.

Legislative Framework of Corporate Governance in India:

  • Listed Companies, Unlisted Companies,
  • PSUs, Banks and Insurance Companies,
  • Stewardship Code.

Board Effectiveness:

  • Role clarity of Board and Management,
  • Composition and Structure, Duties and Liabilities, Evolution of Jurisprudence,
  • Diversity in Board Room, Selection and Appointment Process,
  • Independent Directors, expectations, liabilities and their role,
  • Code of Conduct, Responsibilities and Effectiveness, Conflict Management,
  • Related Party Transactions, Role of directors’ in Prevention of Insider Trading.
  • Board Processes through Secretarial Standards

Board Committees:

  • Composition & Terms of Reference,
  • Roles and Responsibilities.

 

18.00
Unit II: 
Enhancing Governance: Training, Data disclosures and stakehoder’s rights

Building Better Boards:

  • Directors’ Training, Development,
  • Familiarization,
  • Board Evaluation,
  • Succession Planning.
  • Concept of Governance in professional managed company & promoters driven company Board Disclosures and website disclosures.

Data Governance:

  • Importance of data governance,
  • Data governance challenges,
  • Difference between data governance and data management,
  • Implementing an effective data governance framework.

Stakeholders Rights:

  • Whistle/ Vigil/ Grievance Redressal Mechanism, Human Rights, Health and Safety,
  • Prevention of sexual harassment at workplace, Attrition Rate,
  • Supplier code of conduct, Gender parity ratio at Workforce, Local procurement,
  • Monetary and non-monetary benefits.
18.00
Unit III: 
Sustainability and Ethics in Business

Business Ethics, Code of Conduct and Anti-bribery Board’s Accountability on  ESG Environment:

  • Environmental Policy, Environmental Impacts,
  • Energy Consumption,
  • Awareness on environment    protection,
  • energy conservation and management.

CSR:

  • Policy, Practice, Need assessment,
  • Impact assessment,
  • Mapping Sustainable Development Goals (SDGs) with CSR Programs of the Company,
  • Governance challenges.

Green Initiatives:

  • Pollution abatement and testing,
  • Reduction in Carbon/ CHG Emissions, Resource efficiency,
  • Renewable Energy Intensity, Water Management, Waste Management.

 

 

18.00
Unit IV: 
Company Secretary roles, ESG and Reporting

Governance Influencers:

  • ICSI- Corporate Leader in Corporate Governance,
  • Investor Associations, Proxy Advisory Firms,
  • Institutional Investors ESG Investment

Empowerment of the Company Secretary Profession:

  • International View & Evolving Role of Company Secretary in 21st Century,
  • Comparative analysis of law applicable to Governance Professionals in different jurisdictions,
  • Facilitating innovation in Board Governance, Role of Company Secretary in ESG.
  • Sustainability Audit, ESG Rating, Emerging Mandates from Government and Regulators,
  •  Integrated Reporting Framework,
  • Global Reporting Initiative Framework, Business Responsibility and Sustainability Reporting
18.00
Unit V: 
Risk Management
  • Risk Identification, Risk Analysis, Risk Measurement, Risk Mitigation, Risk Elimination,
  • Importance of Risk Management Committee, Role of Internal Audit, Internal control, Material Risk and Opportunity Assessment, Reputation Risk, Climate Risk, Fraud Risk Management,
  • Business Continuity Plan with Case Study,
  • Risk Related Disclosures, Crisis Management,
  • Disaster Risk Management, Relationship between Business Continuity Plan, Crisis Management and Disaster Recovery Plan, ESG Risk assessment,
  • Cyber Risk Management, Fundamentals of cyber security threats and countermeasures, Identifying most critical assets and threats,
  • Assessing Cyber Security Risks, Implementing a Cyber Risk Management Programme,
  • Role of CS in Risk Management,
  • Case studies in Risk Management.

 

Essential Readings: 

Essential Readings:

 

  1. Study Material Published by ICSI

 

References: 

Suggested Readings:

  1. Scanner- Arun Kumar (Shuchita Prakashans (P)Ltd
  2. Taxmann Cracker Environmental Social Governance (ESG) Principles & Practice by Ankush Bansal
  3. AJ Publications Environmental Social and Governance (ESG) by ANOOP JAIN
  4. Taxmann's Environmental Social Governance (ESG) | Principles & Practice by CS Akash Bansal

 

E- Content:

  1. https://www.icsi.edu/media/webmodules/ICSI%20New%20Syllabus%202022.pdf
  2. https://www.icsi.edu/e-journals/

 

Academic Year: