At CITI, we empower our members to integrate ESG principles, fostering a resilient,
Why ESG Matters
Benefits to Investors:
ESG factors can provide valuable insights into a company’s long-term sustainability and risk management practices, helping investors make informed decisions. Companies with strong ESG performance are often viewed as more resilient, ethical, and well-managed, which can attract investors seeking sustainable and responsible investment opportunities.
Benefits to Stakeholders:
ESG initiatives can enhance relationships with stakeholders by demonstrating a company’s commitment to ethical business practices, social responsibility, and environmental stewardship. Engaging with stakeholders on ESG issues can build trust, improve reputation, and foster long-term partnerships based on shared values and goals.
Benefits to the Community:
Embracing ESG principles can have positive impacts on the community by promoting sustainable development, supporting social welfare programs, and contributing to environmental conservation efforts. Companies that prioritize ESG considerations can help create a more inclusive, equitable, and environmentally conscious society, benefiting the community at large.
Getting Started with ESG
Integrating ESG into Operations
Environmental
Environmental Impact
The environmental component of ESG focuses on how a company manages its impact on the environment. This includes efforts to reduce carbon emissions, conserve resources, minimize waste, and promote sustainable practices. For example, a company implementing renewable energy sources or reducing water usage in its operations demonstrates a commitment to environmental sustainability.
Reducing Emissions
Implementing energy-efficient practices and renewable energy solutions to lower your carbon footprint.
Waste Management
Adopting circular economy principles to minimize waste and increase recycling and reuse.
Resource Conservation
Using water, raw materials, and other natural resources more efficiently and responsibly.
Environmental Stewardship at CITI
Paving the Way for a Sustainable Tomorrow
As part of Prime Minister Modi’s Viksit Bharat Vision, which envisions a future where India’s socioeconomic development is balanced with sustainable resource management, the Confederation of Indian Textile Industry (CITI) is dedicated to promoting sustainable development within the textile sector. Recognizing the importance of environmental stewardship, we strive to encourage best practices among our member companies, aiming for the highest standards in environmental performance and continuous improvement. By embracing these principles, we contribute to a self-reliant and developed India, ensuring a prosperous, resilient, and sustainable future for all.
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Social
The social aspect of ESG pertains to how a company interacts with its stakeholders, including employees, communities, customers, and suppliers. This involves considerations such as diversity and inclusion, labour practices, human rights, community engagement, and product safety. For instance, a company that prioritizes fair labour practices, supports local communities through charitable initiatives, and ensures product safety for consumers showcases strong social responsibility.
Diversity & Inclusion
Fostering a workplace that celebrates differences and provides equal opportunities for all.
Employee Wellbeing
Prioritizing the health, safety, and work-life balance of your workforce.
Community Engagement
Giving back and supporting the local communities in which you operate.
Governance
Governance factors encompass how a company is governed, including its leadership, executive pay, audits, internal controls, and shareholder rights.
Governance Best Practices
Ethical Decision-Making
Ensuring your organization’s actions are guided by a strong ethical framework.
Transparency & Accountability
Providing clear and accurate reporting on your ESG performance and initiatives.
Risk Management
Identifying and mitigating potential ESG-related risks to your business.
