How to meet the NVGS and the SDGs

On the 5th anniversary of the implementation of the National Voluntary Guidelines in India, we look at how businesses can ensure their CSR programmes meet these guidelines and at the same time, deliver against the Sustainable Development Goals.

In April 2016, the Securities and Exchange Board of India (SEBI) implemented new regulations, requiring all Top 500 listed companies across the BSE (Bombay Stock Exchange) and NSE (National Stock Exchange of India) to file an ABRR (Annual Business Responsibility Report) alongside their annual financial disclosures in March.

If your business has not yet started reporting on its CSR activities, you are advised to use the 9 key principles of the National Voluntary Guidelines as a reporting framework. If you are already reporting against an internationally-recognised framework such as GRI, IIRC or CDP, you are not required to change; but do need to specify how your business complies with all 9 principles.

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ClimateCare can help your business deliver an integrated CSR strategy which creates positive impacts for the communities you operate in, your supply chains, and your business; and which delivers against each of the 9 key principles of this CSR framework.

We design integrated programmes that will deliver multiple impacts through one intervention, for example: cutting carbon, tackling poverty and improving health in your supply chain. This not only benefits people and the environment – it adds value to your business too.

Here are some examples of the types of programmes we can deliver:

Programme 1: Supply Chain Resilience

Can deliver against:

  • NVG Principles: 2, 3, 4, 5, 6, 8
  • Sustainable Development Goals: 1, 3, 8, 10, 12, 13

Your business relies on the continued health and well-being of the people and environments involved in your supply chains. Without investment some of these communities may struggle to continue to supply the products and materials you need, due to environmental degradation or health and social issues.

We can help you identify where these risks exist within your own supply chain and take steps to overcome them – improving the livelihoods of the people you rely on most, whilst also mitigating against future risks to your business.

Programme 2: Strengthening your communities

Can deliver against:

  • NVG Principles: 3, 4, 5, 6, 9
  • Sustainable Development Goals: 4, 5, 8, 10, 11

All businesses have impacts on the environment and on the communities they operate in, but this impact doesn’t have to be negative. Organisations are realising that their ability to grow and succeed relies on the communities that they are a part of – the well-being of their workforce, the happiness of their customers, and the respect and trust of their wider stakeholders.

By measuring and managing any negative impacts that your business may have, you can begin to concentrate on building positive impacts for the environment and the communities your business relies on; furthering social development, whilst also strengthening your market position and enhancing your business reputation.

Programme 3: Market development

Can deliver against:

  • NVG Principles: 1, 2, 7, 8, 9
  • SDGs: 1, 6, 7, 8, 9, 10, 11, 12

Launching products and services into new markets can be time-consuming and risky, and launching in areas which lack infrastructure is even more so. We help responsible companies with sustainable product offerings move into markets where their presence can have a real, measurable impact on people’s quality of life.

By establishing a presence in a newly developing market, not only are you widening your customer-base and potential demand for your product, but you have the opportunity to raise people out of poverty and improve standards of living, at the same time as creating new revenues for your business.

ClimateCare has been helping corporates to enact change for the last 19 years, through the tried and tested: Measure > Plan > Change model.

To find out more about our CSR services or how we can help you to respond to the 9 principles, get in touch.