<ul><li>Most companies are wary of climate related disclosures and bogged down by high costs of assessment, lack of regulatory mandate, etc. </li><li>As per <keyword id="35210" type="General" weightage="80" keywordseo="sebi" source="Orion">SEBI</keyword> mandate, top 1,000 listed companies have to report their sustainability performance starting FY23. </li><li>However, their state of readiness in terms of disclosures is varied, the report says.</li></ul>Only half of Indian listed companies have set carbon emissions commitments, while the other half are unsure about the same, says a study by <keyword id="6318776" type="General" weightage="100" keywordseo="wtw" source="Orion">WTW</keyword>, a global advisory, broking and solutions firm. Amongst those who have set carbon emissions commitments, even fewer companies – at 43% — aim to reach net zero carbon emissions by 2032. This is in spite of the fact that 73% of the companies have board-level or CEO level oversight of climate risk. Indian markets regulator <keyword id="63783" type="General" weightage="50" keywordseo="securities-and-exchange-board" source="Orion">Securities and Exchange Board</keyword> of <keyword id="3658" type="General" weightage="80" keywordseo="india" source="Orion">India</keyword> (SEBI) has mandated the top 1,000 listed companies to report their sustainability performance from FY23. “With the top 1000 listed companies in India obliged to undertake climate financial reporting based on recommendations by Business Responsibility and Sustainability Report (BRSR), the state of readiness is varied,” the report says. Most companies face barriers with regards to climate-related disclosures due to a variety of reasons — high costs of assessment, lack of regulatory mandate, insufficient data and standardized metrics, and shortage of in-house capabilities. “We expect to see increased attention and scrutiny from a wider set of stakeholders on climate-related disclosure and risk management in India. This is a specialist function, so it is understandable that most companies lack inhouse capability. Companies should partner with experts to bridge the gap with relevant data, analytics, and insight to support climate change governance,” said <keyword id="2201275" type="General" weightage="50" keywordseo="vivek-nath" source="Orion">Vivek Nath</keyword>, head of India, WTW. <cmsannotation type="cmsannotation" annotationid="Companies undecided about frameworks" comment="subhead" text="Companies undecided about frameworks">Companies undecided about frameworks</cmsannotation> The report further says that 79% of companies are undecided about which climate disclosure framework to adopt, despite having processes in place for identifying, assessing, and managing climate-related risks. Out of the companies which have selected disclosure frameworks, most companies intend to use the CDP framework. CDP framework is a voluntary reporting framework that companies use to disclose environmental information to their stakeholders. While 53% of the surveyed companies are actively conducting internal discussions to disclose under the Task Force on Climate Related Financial Disclosures (TCFD) framework, 47% of companies are not privy to TCFD. TCFD is a globally accepted climate change action and reporting framework, approved by the SEBI as well in India. “While the current impetus to climate-related disclosures is regulatory requirement or investor and consumer expectations, it is critical for companies in India to integrate climate risk mitigation and by extension Environment, Social, Governance (ESG) linked actions into their climate transition roadmap,” Nath further added. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/stock-market/news/us-india-and-china-markets-are-rallying-on-single-narratives-investors-need-to-be-cautious-say-experts/articleshow/96024939.cms">'One-trick' ponies – US, India and China markets are rallying on single narratives, investors need to be cautious, say experts</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/india/news/world-bank-revises-indias-gdp-growth-forecast-upwards-to-6-9-for-fy23/articleshow/96023459.cms">World Bank revises India's GDP growth forecast upwards to 6.9% for FY23</a>

Only half of Indian listed companies set net carbon emissions commitments: WTW

The ruling <keyword id="14666" type="General" weightage="20" keywordseo="bjp" source="Orion">BJP</keyword> looks on course to retain power in <keyword id="6355554" type="General" weightage="20" keywordseo="madhya-pradesh" source="Orion">Madhya Pradesh</keyword>, going by the trends so far from the <keyword id="6360247" type="General" weightage="20" keywordseo="counting" source="Orion">counting</keyword> of <keyword id="42957" type="General" weightage="20" keywordseo="votes" source="Orion">votes</keyword> for the state assembly elections. As per the latest figures available with the Election Commission, the BJP was leading in 155 of the 230 seats in Madhya Pradesh, while the <keyword id="1575" type="General" weightage="20" keywordseo="congress" source="Orion">Congress</keyword> was ahead in 72 seats. In Budhni assembly constituency, Madhya Pradesh CM Shivraj Singh Chouhan of BJP was leading over Vikram Sharma of Congress by 13339 votes after two rounds of counting of votes. In Chhindwara, Kamal Nath of Congress was leading over BJP's Vivek Sahu by 5978 votes after two rounds of counting. In Indore-1 seat, BJP's Kailash Vijayvargiya was leading over Sanjay Shukla of Congress by 42681 votes after first round of counting. In Dimani, BJP's Union minister Narendra Singh Tomar was leading over BSP's Balveer Dandotiya by 2021 votes after two rounds of counting of votes. The counting process began at 8 am and postal ballots were counted for the first half an hour, a poll official said. Polling in the single-phase elections on November 17 saw an impressive turnout of 77.82 per cent, surpassing the 2018 voting percentage of 75.63 per cent. The state electorate voted for 2,533 candidates in 230 constituencies. There were 5.59 lakh eligible voters. At 26, Jhabua seat will see the highest number of counting rounds, while the lowest number of 12 rounds will be held in Sevda constituency in Datia district, he said. Of the 230 seats, 47 are reserved for Scheduled Tribes and 35 for Scheduled Castes.

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<ul><li>Singer Babul Supriyo, the BJP MP from Asansol in West Bengal swears into Modi’s cabinet. Sadhvi Niranjan Jyoti from Fatehpur in Uttar Pradesh was also sworn in as a Minister of State.</li><li>Former Power and Railways Minister Dr Arvind Sawant from Mumbai South who defeated Milind Deora of Congress too has taken oath. </li><li>Among those who have taken oath include Thawar Chand Gehlot, S Jaishankar (former Foreign Secretary), Ramesh Pokhriyal, Arjun Munda, Dr Harsh Vardhan (former Science Ministry), Prakash Javadekar (former HRD minister), and Piyush Goel (former coal minister).</li><li>Narendra Modi has taken charge as the Prime Minister of the country for the second time in a swearing in ceremony that just concluded.</li></ul> Update at 09:05 pm Debut MP Debasree Chaudhuri of Raiganj in West Bengal takes oath as Minister of State in Modi’s cabinet. Sanjeev Balyan, Dhotre Sanjay Shamrao, Anurag Singh Thakur from Hamirpur, Suresh Angadi, Nityanand Rai, Rattan Lal Kataria, V Muraleedharan, Renuka Singh Saruta, Som Prakash, Rameshwar Teli, Pratap Sarangi, Kailash Chaudhari, Debasree Chaudhuri were also sworn in as Ministers of State. Update at 08:30 pm Ramdas Athawale from Maharashtra’s Sangli district was sworn in as Minister of State, along with Parshottam Rupala. Update at 08:25 pm Secunderabad BJP MP Kishan Reddy takes oath. Ashwini Kumar Choubey, Shri Arjun Ram Meghwal, Gen V K Singh, Krishan Pal Gurjar from Faridabad, and Raosaheb Danve too were sworn in. Update at 08:10 pm Prahlad Patel, Raj Kumar Singh from Arrah constituency, Hardeep Singh Puri, Mansukh Mandavia, Faggan Singh Kulaste also take oath. Update at 08:02 pm Shripad Yesso Naik from North Goa is inducted into Modi’s cabinet. Dr Jitendra Singh, the current MP of Haridwar is also sworn in. Update at 08:00 pm Rao Inderjit Singh BJP’s MP from Gurugram, Gajendra Singh Shekhawat, Santosh Kumar Gangwar from Bareily in Uttar Pradesh were sworn in. Update at 07:55 pm Giriraj Singh from Bihar’s Begusarai who defeated Kanhaiya Kumar, the former student leader and a candidate of Communist Party of India (CPI) was also sworn in. Update at 07:50 pm Former Power and Railways Minister Dr Arvind Sawant, Shiv Sena MP from Mumbai South who defeated Milind Deora of Congress too has taken oath. Dr Mahendra Nath Pandey, former Petroleum Minister Dharmendra Pradhan, Mukhtar Abbas Naqvi (former Minority Affairs Minister), Pralhad Joshi, too have taken oath. Update at 07:40 pm Piyush Goel and Prakash Javadekar take the oath. Update at 07:35 pm Smriti Irani who won at Amethi against Congress Party leader Rahul Gandhi as its MP, also took oath to cheering public. She was the textiles minister in the earlier cabinet. Update at 07:25 pm Narendra Singh Tomar (formerly Rural Development Minister, Ravi Shankar Prasad (former Telecom and Law Minister); Harsimrat Kaur Badal (former food processing minister) too have taken oath. Update at 07:19 pm Ram Vilas Paswan also takes the oath of office and secrecy. Update at 07:16 pm Incumbent Defence Minister Nirmala Sitharaman also takes the oath. Update at 07:12 pm Shri Rajnath Singh follows Modi to take oath. He was home affairs minister in the last cabinet. Bharatiya Janata Party (BJP) President Amit Shah has also taken oath. He did not hold a portfolio in the last cabinet Update at 07:07 pm Narendra Modi takes charge as India’s PM for the second time Update at 07:00 pm <keyword id="6354814" type="UNKNOWN" weightage="20" keywordseo="prime-minister-narendra-modi">Prime Minister Narendra Modi</keyword> has also arrived at the event. As many as 50 ministers of the cabinet will take oath after the PM today. The ceremony will start at 7 PM. Bollywood actor Shahid Kapoor and Kangana Ranaut have already arrived at the event at Rashtrapati Bhavan. Bangladesh President Abdul Hamid along with his first lady too arrived at the event. Update at 06:30 pm Dignitaries and top industrialists like Ratan Tata, Mukesh Ambani and Gautam Adani; along with Bharatiya Janata Party (BJP) President Amit Shah have already arrived at the venue, to view Narendra Modi take the oath as the Prime Minister for the second time. It’s a big day for India and Narendra Modi who will once again take oath as India’s Prime Minister for a second consecutive term. The master communicator, who has stormed back to power with yet another thumping majority, will once again use the moment and the stage as effectively as it can be. The oath taking ceremony will be held at 7 pm on Thursday (May 30), ensuring that all the attention of prime time television viewers are solely on him. He gave <a href="https://www.businessinsider.in/full-text-of-modi-speech-lok-sabha-election-2019/articleshow/69467611.cms" data-type="tilCustomLink" target="_blank">over an hour long victory speech</a>, again on prime time, after the election results were declared on May 23. Run up to the event Modi has kickstarted his oath-taking day, early this morning by saluting his heroes. He paid a tribute at the National War Memorial in the morning. The PM from Guajrat won a second consecutive term with a thumping majority, also paid tribute to Bharatiya Janata Party (BJP)’s prominent former Prime Minister, Atal Bihari Vajpayee. This charismatic former Prime Minister was instrumental in creating the National Democratic Alliance (NDA) in 1998. Modi who hails from Gandhinagar which was also home to father of the nation, Mahatma Gandhi, also visited Rajghat today to pay homage. The newly elected PM’s oath taking ceremony promises to be interesting as <a data-type="tilCustomLink">8,000 guests</a> from within and outside the country are expected to pour in for the event. It is being touted as the biggest ever event that takes place at Rashtrapathi Bhavan. The event also promises to be star-studded as many Bollywood celebrities including Vivek Oberoi who played the role of Modi, in a now-released movie ‘Modi’, are expected to attend the event. Invites have also gone in for <a data-type="tilCustomLink">BIMSTEC leaders</a>—which includes Bangladesh, Myanmar, Sri Lanka, Thailand, Nepal and Bhutan. However, it is now known that leaders from Kyrgyzstan and Mauritius will be attending the event. The swearing in ceremony is striving to make Modi’s guests from his constituency in Varanasi feel special. A special gallery called ‘Kashi Sankul’ is being set-up to accommodate 250 special guests from Uttar Pradesh. The event however is not without its controversies. The winning party BJP invited the families of those killed in the West Bengal political violence which erupted just before the last phase of polling. This move angered Mamata Banerjee the chief minister of the state and the head of Trinamool Congress, who declined an invitation to the attend the ceremony. BJP’s ally in Maharashtra, Shiv Sena slammed Banerjee for this move, in an editorial published in its mouthpiece Saamna. SEE ALSO: <a href="https://www.businessinsider.in/modis-swearing-in-ceremony-is-set-to-be-the-biggest-event-ever-with-8000-guests/articleshow/69571352.cms" data-type="tilCustomLink" target="_blank">Modi's swearing in ceremony is set to be the biggest event ever, with 8,000 guests</a> <a href="https://www.businessinsider.in/full-text-of-modi-speech-lok-sabha-election-2019/articleshow/69467611.cms" data-type="tilCustomLink" target="_blank">Full text of Modi’s first speech after historic election victory</a>

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