Business Sustainability & Climate Risk Management

Due to inconsistent data and a lack of analytical tools, measuring and managing the risks from climate change can be difficult for many businesses. As a result, many are still just beginning to incorporate climate into their routine business operations and risk management procedures. More than half of Indian businesses are unsure of their stance on addressing the effects of climate risks on their companies and have not set carbon emission commitments. According to the State of the Climate in Asia 2021 report, extreme weather events like cyclones, floods, and heatwaves cost India 6 lakh crores in losses and damages. Businesses need to be properly trained in managing climate risks, have better access to environmental and climatic data, and comprehend the various risks that are related to their industry.

Nearly 1000 listed companies in India will begin using the Business Responsibility and Sustainability Report (BRSR) reporting structure, which was introduced by the Securities and Exchange Board of India (SEBI), starting with the fiscal year 2022–2023. The industries and businesses in the nation faced significant challenges as a result of these regulatory requirements. The speed at which these developments occur makes it difficult for the industries to strategize and to meaningfully engage experts and consultants in order to meet the requirements. Therefore, it is essential that executives at both the middle and senior levels quickly acclimate themselves to meet the present and future challenges. This includes doing so from a compliance perspective as well as by making strong decisions for their companies that will make climate risk proof.

Sustainability managers no longer bear sole responsibility for business sustainability. Instead, it must be incorporated into businesses at every stage of the value chain and in every department. Executives working in government and private sector organizations can learn enough about sustainability from an economic, social, and environmental perspective as well as how a business can go about integrating it into their business processes through the MDP on "Business sustainability and Climate Risk Management" offered by IIM-Raipur.

This Program seeks to provide inputs on the topics.

The course aims to help participants recognize the value of incorporating sustainability principles into business strategies, operations, and decision-making processes.

Participants will learn to recognize, evaluate, and manage climate-related risks and vulnerabilities that are unique to their organization and industry.

The program aims to familiarize participants with the advantages of incorporating biomimicry and nature-inspired design principles into business practices.

The course helps to provide participants with the skills and knowledge to create and carry out sustainable business strategies that take into account environmental stewardship and climate risk management.

Participants develop leadership skills to promote sustainability, manage climate risk, and create an environment-conscious culture.

The program pedagogy will include various training methods such as lectures, discussions, exercises, assessment instruments, and role plays.

The program is designed with a focus on mid and senior level managers who might be heading a team, department, work unit, or organization.