ESG Services Pvt. Ltd., a fully owned subsidiary of Resurgent India Ltd. recently won the approval granted by Securities and Exchange Board of India as a Category II Environmental, Social and Governance (ESG) Rating Provider. The development reflects the company’s prudent and forward-looking strategy on a par with increasing demand for insights and solutions in ESG. RESPL was introduced by the Resurgent India in response to this purpose of being able to offer specialized ESG ratings and services intended to further enhance efficiency and ethical economic growth.
In the changing context of current business, ESG activities are essential to a business and an investor. Any firm that holds paramount all the aspects related to being environmentally conscious, social welfare, and good governance minimizes risks and opens more avenues for innovation with substantial long-term sustainable investment flows. ESG ratings have emerged as the benchmarks for corporate sustainability and ethical conduct. SEBI’s nod brings out Resurgent ESG Services as a significant player in the growing ESG space. By helping investors and companies, RESPL helps build a sustainable and robust economic structure for India. ESG Advisory Services of Resurgent India further support businesses to integrate ESG into their operations, create long-term value, and avoid the risks associated with the process.
It gives a holistic suite of services including designing sound ESG governance frameworks, due diligence, advisory on sustainable finance, customized CSR programs, and training programs. The firm would be able to quickly align its business with ESG in the operation and place them in step with global best practices regarding sustainability worldwide. This will directly reflect positively on the performance as it ensures a company stays up to best practices about sustainability at the international level.
The aggressive expansion program of this company means registering a total of 20 clients in its first nine months of operations in fiscal year 2024-2025. It expects a client base of 48 by the following fiscal year, 2025-2026, and up to 72 in the fiscal year 2026-2027. The company will post an expansion of business volume from 2025-2026 with the incorporation of ESG rating monitoring services to its current customer base. During the fiscal year 2024-25, the company plans on hiring five employees to work on business volume growths. Hence, the workforce will be increased to seven from two currently.
Jyoti Prakash Gadia, Managing Director, Resurgent India Ltd. ESG is increasingly the focus. “ESG is no longer about being in compliance; it’s the path to long-term economic prosperity,” he said. Stronger ESG ratings enhance a company’s attractiveness for capital and efficient functioning and contribute to the overall sustainability of the economy, he said. Managing proactive ESG risks will drive stability and growth in Indian financial markets, he said.