Over half of GCCs in India 'actively' adopting ESG agenda: Report

A recent report indicates that 52% of India's global capability centres (GCCs) have proactively adopted environmental, social, and governance (ESG) policies, focusing on integrating them into operational processes. The survey by EY India encompassed over 45 GCCs, revealing that approximately 70% of these centres are actively seeking technology collaborations to implement ESG norms, which entail significant changes to IT infrastructure, data integration methods, and reporting procedures. Moreover, 48% of GCCs are involved in sustainability reporting, project management, and technical support.

Mr. Aman Dutta, Partner (GCC Consulting) at EY India, emphasizes that GCCs serve as strategic hubs for global organizational processes, enabling them to identify ESG reporting scope, address process gaps, and devise remediation strategies. Dedicated teams within GCCs are forming to collaborate with global organizations on ESG initiatives, particularly focusing on process enablement, data, and technology support. Additionally, 67% of GCCs are developing internal sustainability strategies to enhance ESG performance across various functions. Meanwhile, a separate report by CBRE underscores the rising influence of GCCs on the Indian real estate sector, projecting a 20% increase in their numbers by 2025.

Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.