V-Guard Industries improves its CRISIL ESG rating to 63
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Business Standard
17 hours ago
- Business Standard
V-Guard Industries improves its CRISIL ESG rating to 63
V-Guard Industries announced that CRISIL has voluntarily rated the Company on Environment Social & Governance (ESG) standards. They have retained the Company under 'Strong' rating category and the overall CRISIL ESG Rating has been improved to '63', from '62' in previous year, mainly due to better-than-the-peer performance on some of the E and S parameters like Scope 1 and 2 emissions, energy consumption, safety related incidents, among others.
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Business Standard
18 hours ago
- Business Standard
RBI's revised co-lending norms likely to boost NBFC growth: Crisil
The revised co-lending guidelines issued by the Reserve Bank of India (RBI) are expected to create growth opportunities for non-banking financial companies (NBFCs) while expanding regulatory oversight of the segment, rating agency Crisil said in a note. The new directions extend the co-lending framework to all regulated entities (REs) and across all types of loans—secured and unsecured. 'The revised directions will increase growth opportunities for NBFCs over the long term because their applicability extends to such arrangements between all REs and all forms of loans, whether secured or unsecured,' said Malvika Bhotika, Director, Crisil Ratings. 'Further, the directions require each RE to retain a minimum 10 per cent share of the loans in their books, compared with a minimum 20 per cent exposure requirement for NBFCs currently. This should particularly benefit mid- and small-sized NBFCs that face higher funding constraints,' she added. According to Crisil, co-lending assets under management (AUM) of NBFCs have seen strong traction in recent years and are estimated to have crossed ₹1.1 trillion as of March 31, 2025. A key change in the revised guidelines is the permission for originating REs to provide Direct Lending Guarantees (DLGs) of up to 5 per cent of loans across all types of lending. Previously, this was limited to digital lending. The move is expected to enhance risk-sharing and reward alignment among co-lending partners. Uniform asset classification, borrower profiling Another positive development is the requirement that all partners in a co-lending arrangement follow consistent asset classification for a given loan exposure. This aims to ensure uniform risk assessment and greater transparency in borrower profiling. The revised norms will come into effect from January 1, 2026, or earlier if an RE chooses to adopt them in accordance with its internal policy.
Economic Times
21 hours ago
- Economic Times
Turning waste into wealth: How waste treatment innovation can create jobs and drive green growth
TIL Creatives Representative image India is facing a massive challenge with its growing waste problem. Every day, millions of tons of waste—plastic, organic, industrial, and electronic—pile up in cities and towns. But this mounting problem also presents a unique opportunity. Innovations in waste treatment can not only reduce pollution but also generate jobs and promote sustainable economic growth. Waste as a resource, not a problem Traditionally, waste has been viewed as something to be discarded. However, modern technologies are changing this perspective by turning waste into valuable resources. Through processes like recycling, composting, and waste-to-energy conversion, materials once considered garbage can now be transformed into raw materials, fuel, and fertilizers. For instance, plastic waste can be recycled into new products, organic waste can be composted to enrich soil, and industrial waste can be treated to recover metals and chemicals. Advanced waste-to-energy plants also convert non-recyclable waste into electricity or fuel, reducing dependence on fossil fuels. Health, equity, and investment risks Liquid waste management is often seen only as an environmental concern. But its consequences extend deeper, impacting public health and social equity, especially for marginalised communities near industrial areas. Untreated effluents contaminate water bodies, damaging ecosystems, disrupting agriculture, and posing serious health risks such as gastrointestinal illnesses, skin conditions, and even cancer. Malu Kamble, Managing Director of KEP Engineering, explains, 'For investors, these are clear red flags—indicators of regulatory exposure, reputational vulnerability, and long-term financial risk. In contrast, sustainable waste management practices reflect strong governance, proactive risk mitigation, and alignment with global ESG standards. They are not just responsible—they are essential to building resilient, investable businesses.'Job creation through new industriesThe rise of waste treatment industries has the potential to create millions of jobs across India. From waste collection and sorting to processing and product manufacturing, the sector requires a wide range of skills. This can open opportunities for unskilled workers, technicians, engineers, and enterprises involved in recycling and composting are already thriving in many parts of the country, often providing livelihoods to marginalized communities. The formalisation and scaling up of these operations can improve working conditions and income levels, while also boosting local economies. Driving green growth and sustainability Sustainable waste practices can do more than meet regulations. 'This is about creating shared value—where industrial progress does not come at the cost of human dignity,' Kamble highlights. Waste treatment innovation supports India's commitment to environmental sustainability and green growth. Efficient waste management reduces pollution, lowers greenhouse gas emissions, and conserves natural resources, aligning with India's goals under international agreements like the Paris Climate promoting a circular economy, where waste is minimized and materials are reused, reduces pressure on landfills and natural ecosystems. It also encourages industries to design products with end-of-life reuse in mind, fostering innovation and responsible consumption. Government policies and private sector roles The government has introduced various policies and initiatives to encourage waste treatment and recycling. Programs like Swachh Bharat Mission and Plastic Waste Management Rules aim to improve waste segregation and processing. Incentives for waste-to-energy projects and the promotion of Extended Producer Responsibility are also key companies and startups are increasingly investing in technologies such as bio-methanation, pyrolysis, and advanced recycling methods. Public-private partnerships can accelerate infrastructure development, create jobs, and scale sustainable waste management solutions. Building trust and business resilience Malu Kamble urges industries to take a proactive role in sustainable waste management: 'Building trust with communities is not just good ethics—it's good business. Companies that lead with transparency and invest in sustainable practices will gain investor confidence, access to impact-focused capital, and long-term resilience.'He also reminds us of the need for constant environmental commitment: 'Celebrate World Environment Day, every day, why only a specific day.' Challenges and the way forward Despite progress, challenges remain. Lack of awareness, insufficient infrastructure, and informal waste handling limit the sector's potential. Improving segregation at source, upgrading treatment facilities, and integrating informal workers into the formal economy are critical in research and innovation, promoting skill development, and encouraging community participation will be essential for success. With the right focus, India can turn its waste crisis into a powerful engine for green growth and job viewing waste not as a burden but as an opportunity, India can unlock new economic and environmental benefits. Waste treatment innovation offers a pathway to cleaner cities, more jobs, and a sustainable future. It is time to embrace this change and build a circular economy that works for everyone.
