Abhinandan Sah

🌿 Mangroves: India’s Coastal Shield is Growing Stronger 🌿 In a written reply to the Lok Sabha, Union MoS for Environment, Forest and Climate Change, Shri Kirti Vardhan Singh, shared a promising update on India’s mangrove conservation journey. As per the India State of Forest Report (ISFR) 2023 , India’s total mangrove cover stands at 4,991.68 km² , showing a net gain of 16.68 km² since 2019. This is a significant indicator of progress, especially in the face of rapid coastal development and climate threats. The recently launched MISHTI scheme (Mangrove Initiative for Shoreline Habitats & Tangible Incomes), announced in Budget 2023-24 and rolled out on World Environment Day 2023 , aims to restore degraded mangrove areas and promote afforestation along India’s coastlines. This initiative not only contributes to biodiversity but also empowers local livelihoods—truly a win-win model. 🔹 Under the CRZ Notification 2019 , mangroves are designated as Ecologically Sensitive Ar...

  Indore Municipal Corporation's Green Bond: A Milestone in Urban Sustainability Introduction 1 Overview of the Green Bond Issue 1 Investor Response and Subscription Details 2 Utilization of Funds 2 Listing and Future Implications 2 Conclusion 3 Introduction In February 2023, the Indore Municipal Corporation (IMC) achieved a significant milestone by issuing green municipal bonds to fund a 60 MW solar power project in Madhya Pradesh's Khargone district. This initiative marks a pioneering step for urban local bodies in India, showcasing a commitment to sustainable development and financial innovation.( mercomindia.com ) Overview of the Green Bond Issue The IMC's green bond issue aimed to raise ₹244 crore, with a base issue size of ₹122 crore and an option to retain oversubscription up to ₹122 crore. The bonds were structured into four separately transferable and redeemable principal parts (STRPPs), each with a face value of ₹250, corresponding to tenors of 3, 5, 7...

  ESG Implementation Timeline ESG (Environmental, Social, and Governance) Implementation Timeline, adaptable for organizations starting their ESG journey or improving their existing practices. The timeline is spread across four phases over 12 to 24 months, depending on organizational size and readiness. Phase 1: Preparation & Commitment (Months 0–3) 1 1. Leadership Commitment 2 2. Initial ESG Awareness 2 3. Gap Analysis 2 4. Policy Review or Creation 2 Phase 2: Strategy & Integration (Months 4–8) 3 1. Define ESG Goals & KPIs 3 2. Develop ESG Roadmap 3 3. Data Systems Setup 3 4. Stakeholder Engagement Plan 3 Phase 3: Implementation (Months 9–15) 3 1. Launch ESG Initiatives 4 2. Train Employees 4 3. Monitor & Audit 4 4. Begin Reporting Systems 4 Phase 4: Reporting & Continuous Improvement (Months 16–24) 4 1. Public Disclosure 4 2. Third-Party Verification 5 3. Feedback & Refinement 5 4. Plan for Next Cycle 5 Optional: Fa...