According to a report, India needs $20 billion (about SR 1.53 crore) in investment every year to meet its climate targets and fund its green transition.
Ficci and Trilegal’s white paper highlights that the country needs a significant budget allocation, international funding from bilateral and multilateral sources, and green private investment.
The report also highlights reforms in the power sector to encourage environmental, social and governance-focused investments in India’s climate transition.
Focusing on redefining corporate citizenship – the path to sustainability, the report details how companies can contribute to the sustainability agenda, non-financial metrics and environmental, social and governance (ESG) risk management .
As regulators actively integrate ESG and sustainability factors into the legal framework, the ways companies operate will change, he added.
“India needs $20 billion in investments every year to meet its climate goals and fund its green transition. It needs a large budget allocation, international funding from bilateral and multilateral sources, and investments private greens,” the report said.
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