Decolonizing ESG Standards

There is a quiet shock with the data point that companies spend more money behind disclosures rather than innovation. To me it is hardly surprising as the entire climate zeitgeist is being operationalized through disclosure and data, through an ESG regulatory maze of alphabet soups which keeps expanding by the day, without anyone seriously asking, is there any outcome or impact towards climate action in the just transition which is the larger frame. Sustainability professionals are managing the green tape, or the new regulatory cholesterol of our era. 

Disclosures are building blocks and baseline data and can create the driver towards the transition. The focus on transitions is the classic case of missing the woods for the trees (natural capital, anyone?). 

ESG Disclosure Frameworks are conceptualized in Brussels, New York and London and the Global Middle/South merely follows, although India through the BRSR has done excellent work. This is the phase of a new carbon globalization and transition geopolitics; however, it should not import colonial tendencies in the name of global standards. 

Let us build our own standards, it is my call this Independence Day.

ESG at ASEAN Track 2 event

The Responsible Business Panel at the ASEAN forum

It was an honour to present earlier this week at the ASEAN Economic Integration Forum on an all star panel on responsible and inclusive business.

Thank you so much to Dr Andika for the kind invitation.

ESG is policy, politics and process all at the same time, and has a huge implication on green growth.

Happy to join conversations on regulatory issues wrapping the transition.

Unlocking Capital for Sustainability Malaysia- Field Notes

Climate Finance is a question of speed and scale.

A powerful day of learning’s from the leaders of the sustainability ecosystem in Malaysia. The Malaysian Environment Minister is super articulate and candid.

The climate crisis is immediate, but it needs a complexity based approach and it’s about resilience. Multiple poly crisis, many tsunamis in the climate emergency paraphrasing Datin Sunita. The Climate Stack is linked to legal tender.

A magnificent day of insights and potential action, and the career of the continuous present.

Jessica and the Eco Business team have done a fabulous job.

Thinking Resilience

Yesterday’s technical error with Windows brought the connected world to our feet with the exception of China. It reminded me of the seminal work, Normal Accidents by Charles Perrow which speaks about complexity building its own fragility, as a character of the system. Where was the so called sociotechnical resilience ? After the pandemic, resilience should be the top priority, where as we listen to AI and ML all the time.

More thinking needs to go in how the normal could deteriorate into the sub normal.

Remembering Wadi Kabir

Deeply saddened by the tragic deaths in Wadi Kabir yesterday. Muscat is a sanctuary of peace and remains a key broker for stability in the region. Wadi Kabir is a place of my childhood with its industrial areas and car repair shops along with an Indian School supported by the Khimji’s.

Yes, the Pakistani community has had a deep presence in the district, and heartfelt condolences to the deceased especially the ROP officer and prayers for the injured.