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Maharashtra

CM Inaugurates India’s First ESG Lab

  • 20 Aug 2025
  • 3 min read

Why in News? 

Maharashtra CM Devendra Fadnavis inaugurated India's first ESG (Environmental, Social, and Governance) Lab in Mumbai, urging students to prepare for a rapidly evolving world influenced by climate change, artificial intelligence, and quantum computing 

  • The event also included the felicitation of winners from the national robotics competition, organized by STEM Learning and Brilio (a Private Company). 

ESG (Environmental, Social, and Governance) 

  • About: Environmental, social and governance (ESG) is a set of standards for how an institution operates in regard to the planet and its people. 

Importance of ESG for India 

  • Climate: India faces extreme weather events (e.g., floods, heatwaves, sea-level rise). 
    • In 2024, extreme weather occurred on 322 out of 366 days (CSE report). 
    • Companies with strong environmental practices, clean energy, and reduced emissions can mitigate these risks. 
  • Social: India struggles with poverty, inequality, and lack of basic needs. 
    • Companies focusing on social responsibility can create a more inclusive economy and drive positive societal change. 
  • Governance: Strong corporate governance based on transparency and ethics rebuilds trust, attracts investments, and supports sustainable growth. 

India’s ESG Initiatives 

ESG Related Recommendations of Parliamentary Standing Committee  

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