Social Audit

Social Impact Assessment Study By HR LAB.  The ADB and the Hon'ble Supreme Court of India both are determined to protect Environment and Social issues for the survival of the human mankind on this planet. But, this is challenge if ADB is not monitoring correctly its projects in India and outside India. The evaluation   photographs number 3,4,5,6,7,8,9 and 11 have been appended here to examine the problem of the situation. There is some where negligence of ADB in monitoring the project. This also demonstrates the  poor quality of Social & Environmental Safeguard in ADB. This quality is required to be improved in the  ADB.  We hope that the ADB shall reciprocate in positive way and improve the weak area. The ADB can conduct a Third Party Social Audit to evaluate the  damages encountered in Environment and Social side.                                      ...

                                                                          * BIRENDRA K JHA "Social Risk" is an important part of the ESG. Many ESG Managers, have little expertise over the "Social Risk", which definitely covers the Human Resource best practice and compliance of Human Right with Labor Law.    ESG, is not alone the mission to "reduce the environment risk". Expert says violation of good HR and labor law practices are generating more carbon emission. When European Commission has tightened the nose of the strong ESG practices, then in this situation, company reporting poor ESG, shall be allowed to enter the European market ? Never, the European Commission shall blacklist such companies to operate in their European  territory.   In this condition,  shall Samsung als...

                                                                          *BIRENDRA K JHA  Social Auditor, has wide expertise  to audit the "Non-Financial Business".  Audit of climate-change is the business of first pillar of the ESG. The poor, ESG compliance has raised several litigation. This litigation has raised immediate punishment to the directors of company for filing wrong ESG reporting in the BRSR.  This litigation has touched the corner stone of following types of ESG litigation. Somewhere there is failure of ESG compliance and somewhere failure to account  correctly the ESG related emission. This mandates complete audit and assurance by independent auditor on the the ESG.  Here, ESG litigation is discussed on the first pillar "Environment". In Social pillar, which ...

  Mumbai town, is vulnerable site from the threat of high sea level. It has potential of damaging the banking business situated at Mumbai. But in the banking sector while disclosing BRSR report, this ESG risk  is missing. There is no contingency plan to handle this risk. This is one example of several other missing high ESG risks in the BRSR disclosure submitted to SEBI  by the Indian Banks * BIRENDRA K JHA  I visited a big branch of ICICI Bank at Delhi-NCR sometimes back. I found "5S" policy hanging in a clip placed in an isolated corner at bank, with lot of dust on it. In reality, policy is there but practice is missing. This is not the story of ICICI Bank alone. The condition of government sector banks are more poor and worst. One can't expect a systematic culture of "5S" here. You ask director level people sitting here in bank about the "5S". They start looking here and there! They try to skip their face! They try to avoid this question! This is sk...

  Social Impact Assessment Study by HR LAB.                                                                      * BIRENDRA  K JHA The thrust of the Companies Act, 2013 on businesses,  puts fiduciary duties on the Directors of a Company under Section 166,  requiring them to promote the objects of the company for the benefit of its members as a whole, and in the best interests of the company, its employees, the shareholders, the community and for the protection of environment. If this mandate is read clearly then it requires the director to follow strictly, the Complaints/Grievances'  on any of the principles (Principles 1 to 9) under the National Guidelines on Responsible Business Conduct, based on reasonable assurance & audit. A large number of top Indian companies have been getting t...