The Indian Institute of Management Ahmedabad (IIMA), a prominent worldwide management university, will open the Arun Duggal ESG Centre for Research and Innovation on December 3, 2021. Mr Arun Duggal, Chairman of ICRA, has contributed to the endowment of this centre.
The Centre was founded by IIM Ahmedabad to contribute to the development of the country's environmental, social, and corporate governance (ESG) ecosystem and to assist Indian enterprises in incorporating the ecosystem into their core business and investment choices.
A statement from Ahmedabad stated, “The Centre aspires to be a leading platform to facilitate dialogue and cutting-edge research to improve the ESG performance of organizations and enterprises while nurturing an ecosystem for stakeholder capitalism in India.”
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Announcing the launch of the Centre, Errol D’Souza, Director, IIMA said: “The setting up of the Arun Duggal ESG Centre for Research and Innovation comes at a time when companies and policymakers are increasingly recognising, incorporating and prioritising ESG as an intrinsic part of their long term development strategy…”
“The Centre at IIMA will play an important role in leading the ESG debate in India and contributing to policy, thought-leadership and advocacy in this space.”
Sharing his thoughts on the role of Centre, Duggal said: “ESG Performance of companies has emerged as one of the most important factors of inflow of capital from investors all around the world.
However, it is still evolving, particularly in India and significant research needs to be undertaken to make the field more robust and effective. Our aspiration is that IIMA should be the leader in ESG Research, Education and Consulting in India and hopefully in all of Asia and this new ESG Centre will help us achieve that ambition”.
The newly formed IIMA Endowment Fund, which is the first among all management colleges in India, permitted the endowment for the Arun Duggal Centre for ESG Research and Innovation, as per the announcement.
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