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I want to summarize ikes act and the social aspects and the environment aspect these aspects have overlapping areas which are being evaluated and the

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I want to summarize

ikes act and the social aspects and the environment aspect these aspects have overlapping areas which are being evaluated and the eventual integration of these economic social and environment they actually take you towards the sustainable now what is expected from sustainability is actually having a system which entry provides sustainable sustainable limply word sustainable economy sustainable systems sustainable institutions sustainable environment and eventually a sustainable world which is there for that time to come which is therefore a word next generation to takeover and we leave the world in a position which is good enough for our next generation so that is the idea of having sustainability at for that aspect we need consider technomic party consider social power we need to consider the end bar they they think we're going to discuss it detail going forward some of them will be quite detailed but again towards the end we can have more question and answer session as well towards the end so no the question is how sustainability benefits finance again clear right now considering things from the conventional perspective you're not coming to this to the summit perspective as yet but we need to understand that sustainability ensures long term benefits versus short term profit data so for example we all must have heard the story of the of the golden eggs laid boots so there was a goose that used to laying golden axe and somebody thought that let's let's cut it let's cut into pieces then try to get all the eggs at the same time and the person last everything because after that there were no Gordon exit more so this same situation that at times for the short term profit making we destroy the environment we destroy the social segments we destroy the economy we destroy the common man had because we want to have short term profits yes everybody wants to have promised and particularly for people like us who believe in the life hereafter have to have to consider this thing in the broader concept while anybody who doesn't believe in the life hereafter may think of okay this is my short life span whatever I can get to get out of it I want to get out but even the conventional world including those who do not believe in life thereafter have now started thinking in the broader perspective they believe that sustainability ensures long term benefits through the society to the organisations and to the to the countries and economies et cetera S compared to short term profit taking So what are the long term benefits of of sustainability that we want to achieve or like what needs to be achieved through through working towards ensuring sustainability in the long run this is particularly with respect to finance as a whole end it applies to normal commercial entities significantly as well so first part is cost cutting and efficiency creating a sustainable business can deliver significant cost savings and efficiencies for example using his resources such as carbon and water will have a direct impact on costs risk mitigation environmental and social risk can also be material financial risk in evermore complicated and disconnect interconnected word and integrated approach to risk management is essential new competitive and revenue opportunities up there by applying an integrated approach respectively from business planning creating new sources of revenue innovation that is a very important part that doctor integrated thinking that helps finance teams to force renovation by updating their business models technology and processes improved employee development and retention valuing social and human capital teams people making making sure that environmental hazards are not there for them boys about the lesser than issues are not there for the common man around there around the locations of the industry this ensures employed it data protection and on a broader basis add fungus from that stakeholder relationships how delete first is design according to sustainability topics not stick it over also sustainability has different aspects environmental aspects that the society aspects the employee S Max the there are so many different aspects on that which so it has to be done on a topic but profit basis so there's probably need to be divided on that then then then the sustainability team needs to have decision rights which cube change that is needed then the structure structure that needs best fits need to be followed that should be implemented on the whole organisation and the design and government governance should be prioritised that other than morning line because the most important part is processes and governance reporting line or or that

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