On 24th May 2023, IGCC SustainMarkets participated in ‘Responsible Business in India: a business exhibition’ hosted by the Thomson Reuters Foundation in collaboration with the Indo-German Chamber of Commerce, GIZ, Social Compact, and the Indian Chamber of International Business, which took place in Mumbai.
With incoming international regulations including the EU’s Corporate Sustainability Due Diligence (CSDDD) and Reporting Directives (CSRD) and the German Supply Chain Due Diligence Act, businesses in India must prepare in order to stay ahead of the curve.
Accordingly, the event focused on supporting Indian businesses in their implementation of responsible business practices, in the context of these new regulations.
A panel discussion, featuring Indras Ghosh (Head – IGCC SustainMarkets) and Prashant Mara (Managing Partner – BTG Legal) and moderated by Timothy Quick (Senior Manager – Thomson Reuters Foundation), touched on the legal frameworks behind the regulations and what they mean for India. The discussion highlighted practical steps for businesses to ensure compliance and maintain competitiveness in global markets.
The session was followed by a business exhibition of solutions for company representatives in attendance, in line with this objective. The exhibition of services to advance responsible business practices, specifically on decent work and fair labour, included ‘FairVoice’; the Inter-Company Grievance Mechanism developed by the Indo-German Chamber of Commerce in cooperation with Alliance for Integrity.
