ANNOUNCEMENTS
Environmental, Social, and Governance (ESG) factors have rapidly evolved from peripheral concerns to central components of corporate strategy, spurred by intensifying climate risks, global investor pressure, and regulatory shifts such as SEBI’s mandatory BRSR framework. For manufacturing leaders like IFB Industries Ltd., ESG adoption is not only about regulatory compliance—it represents a pathway to innovation, operational resilience, and long-term value creation.
This dissertation focuses on institutionalizing ESG practices within IFB Industries by aligning them with SEBI’s BRSR disclosure requirements, now applicable to India’s top 1,000 listed companies. The study involves the creation of a centralized, scalable ESG data collection platform in partnership with IFB’s IIoT team. This system enables automated, cross-departmental and supply chain-wide data integration and reporting through licensed GOVEVA software, facilitating structured and verifiable disclosures. In parallel, a significant effort has been made to train and engage IFB’s supplier base—44 training sessions were conducted during the reporting cycle—to build ESG literacy, ensure data readiness, and enhance Scope 3 emissions transparency in anticipation of SEBI’s upcoming supply chain disclosure mandates.
A comprehensive materiality analysis was done via secondary research and stakeholder discussions to determine the most material sustainability issues for IFB's home appliances business. ESG performance was quantitatively scored using a hybrid Care Edge–CRISIL-based scoring framework and compared to industry peers. This helped IFB determine areas where it needed improvement in performance, learn from high-performing peers, and scope out technology and policy enhancements to strengthen its ESG portfolio.
Generally, the project builds a systematic, clear, and performance-based ESG framework that is customized to IFB's business model with the ability to fulfil existing and future regulatory demands and to build the foundation for ongoing sustainability-led transformation throughout its operations and value chain.
Keywords: Materiality assessment, Peer benchmarking, ESG Scoring, Sustainable Development Goals.
