CITI Educates Textile & Garment Industry On ESG Requirements
The Confederation of Indian Textile Industry (CITI) is organising a series of seminars to provide the Indian textile and garment industry, a better understanding of Environmental, Social, and Governance (ESG) requirements.
CITI said the need for ESG has been growing not only because of expectations from the western markets, but recent SEBI and RBI guidelines have made it relevant, for the listed textile companies and supply chain partners.
The first two webinars were to understand; why the industry now needs to understand them and follow the ESG norms and the opportunities therein.
The third webinar on ‘ESG Reporting Frameworks’ was focused more on the reporting frameworks and reporting requirements with the view to give the industry a perspective on the various reporting frameworks that are presently available.
The webinar detailed the frameworks under Global Reporting Initiative, UN Global Compact, National Guidelines on Responsible Business Conduct, Business Responsibility and Sustainable Reporting, etc.
The presentation was made by Shankar Venkateswaran, Managing Partner, Sustainability Integration and Co-founder of Ecube.
Representatives from Triburg and New Times Group also spoke at the seminar, wherein New Times Group highlighted the concerns of the users specifically with regard to the plethora of requirements.
Triburg, as a facilitator to several exporting units, also highlighted the challenges they observed of the suppliers
CITI will continue to hold these workshops to dive deeper into the various aspects of sustainability ESG requirements and reporting frameworks, with the objective of capacity building of the textile and apparel industry, especially MSME’s.
