Social Audit

The Pelican Birds out of fear and loss of their offspring have migrated from the area where large scale careless cutting of trees have been identified in the satellite images. This was done for the ADB Project at the Brahmaputra Valley to construct largely the "Flood Embankment Project". This completely damaged the "Rural Toursim" and the necessary ecosystem ( see Social Audit Check point no: 6 ).                                                      * BIRENDRA K JHA  Social Safeguard Policy 2009 of the ADB Bank ( Asian Development Bank ) if not followed honestly in the development projects, then it is a serious concern. There is provision of external auditor to audit the Social Safeguard Policy. But, honestly this provision is implemented, this is difficult to say.  If executing agency is conducting the  Third Party Social Safeguard Social Audit, and the concurrence and consent of the ADB bank is not taken then it is more serious matter.   Large scale Social  Protec

The Standard on Audit (SA) 530 Audit Sampling  given by ICAI is an important guideline to select and torture the sample audit data, which provides the auditor with a reasonable basis on which to draw conclusions about the entire audit population.  There are generally, no statutory requirements specifying what work is to be selected from the population. This is intelligence of mind. The Social Audit conducted over the The Asian Development Bank financed project of the Maharashtra Rural Connectivity Improvement Project, the situation has been monitored and audited through satellite. This is demonstrated here how satellite data assisted the  Social Auditor in real time auditing of the vast data.  In Test Sample One: The road construction is not complete. The finishing part is not complete. A look at the road level indicator left side if compared with the right side, this speaks volumes of irregular data. This is "social issues" touching the arena of corruption or irregularities

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   ( Birendra K Jha,  is a Pan India Practitioner on the "Social Impact Assessment Audit"; "ESG Audit" &

                                                                          * 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 also be able to gain entry in the European Market? This is mind blowing.  Samsung is suspected of having breached ESG good practices. It has poor history in controlling "Social Risk&

                                                                          *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 is dealing with human resource practice, labor law practice and human right practices have a wide array of judicial impacts running from lower courts to the Hon'ble Supreme Court. This is wi

  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