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The James Webb Space Telescope (JWST) has marked its second anniversary with a breathtaking new image of two galaxies, known as the Penguin and the Egg, locked in an intricate cosmic dance. This latest image showcases the observatory’s remarkable capabilities and its contributions to our understanding of the universe.

Launched on December 25, 2021, the Webb telescope began its scientific mission with its first observations released on July 12, 2022. Since then, it has provided unparalleled views of the cosmos, capturing light across infrared wavelengths that are invisible to the human eye. These capabilities allow Webb to see through dense gas and dust, revealing distant galaxies, detecting molecules in exoplanet atmospheres, and detailing the explosive deaths of stars.

“With remarkable images from the corners of the cosmos, going back nearly to the beginning of time, Webb’s capabilities are shedding new light on our celestial surroundings and inspiring future generations of scientists, astronomers, and explorers,” said NASA Administrator Bill Nelson.

The new image features the intertwined Penguin and Egg galaxies, collectively known as Arp 142. Located 326 million light-years away in the Hydra constellation, these galaxies resemble a penguin guarding an egg. Webb’s Near-Infrared Camera and Mid-Infrared Instrument captured this detailed portrait by combining observations in both near-infrared and mid-infrared light.

The blue haze in the image represents a mix of stars and gas, illustrating how the two galaxies are gravitationally bound. Separated by about 100,000 light-years—astronomically close—the Penguin and Egg galaxies began their interaction 25 to 75 million years ago. They are expected to merge into a single galaxy millions of years from now.

The Hubble Space Telescope previously imaged this galactic pair in visible light in 2013, but Webb’s infrared capabilities reveal previously unseen details. Initially, the Penguin galaxy had a spiral shape, but interactions with the Egg galaxy have reshaped it. The Penguin’s center now appears as its eye, with unwound spiral arms forming a beak, head, backbone, and fanning tail.

This galactic dance has caused gravitational forces to compress gas and dust in the Penguin, sparking waves of star formation. These new stars appear as feathers in the Penguin’s tail and fish-like shapes in its beak. The surrounding smoky material contains carbon molecules, while faint orange regions represent dust. In the background, distant spiral and oval-shaped galaxies are visible.

The Egg galaxy, oval-shaped and filled with aging stars, remains largely unchanged due to its lower gas and dust content. Despite the ongoing interaction, the Penguin has not overtaken the Egg because both galaxies have similar mass.

NASA has shared a visualization of the Webb image, allowing viewers to “fly” through the galaxies. Astronomers estimate that the Webb telescope will continue to operate for at least 20 years, providing invaluable insights into the universe’s mysteries.

“In just two years, Webb has transformed our view of the universe, enabling the kind of world-class science that drove NASA to make this mission a reality,” said Mark Clampin, director of NASA’s Astrophysics Division. “Webb is providing insights into longstanding mysteries about the early universe and ushering in a new era of studying distant worlds, while returning images that inspire people around the world and posing exciting new questions to answer. It has never been more possible to explore every facet of the universe.”

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Elon Musk’s brain-computer interface startup, Neuralink, is set to implant its device into a second human patient next week, company executives confirmed during a briefing on X (formerly known as Twitter). The announcement marks a significant milestone for Neuralink, which aims to revolutionize the interaction between human brains and digital devices.

Currently, Arizona-based Noland Arbaugh is the only person to have received the Neuralink brain chip implant. Arbaugh, who was paralyzed from the shoulders down following a 2016 accident, underwent the procedure earlier this year. Musk expressed optimism about increasing the number of recipients, stating, “We hope to have, if things go well, high single digits by the end of this year.”

In a previous update in May, Neuralink revealed that the tiny wires inside Arbaugh’s brain had shifted out of position. However, during the recent briefing, Musk assured that the implant had become “more or less very stable.” He added, “We’re only just moving now to our second Neuralink patient, but we hope to have more participants by year-end.”

Neuralink executive Dongjin “D.J.” Seo elaborated on the technical aspects of the brain implant, explaining that it takes time for the brain tissues to anchor the threads in place post-surgery. “Once that happens, everything has been stable,” Seo said, as quoted by Reuters.

To ensure the safety and success of the implants, Neuralink has implemented several risk mitigation measures, including skull sculpting and adjusting carbon dioxide levels in the blood to normal ranges.

Musk also highlighted the broader vision of Neuralink, emphasizing its potential to address the long-term risks associated with artificial intelligence. “The long-term goal of Neuralink is to mitigate the longer civilizational risk of AI,” he said. “Neuralink can help create a closer symbiosis between human intelligence and digital intelligence.”

The Neuralink brain implant allows paralyzed patients to control digital devices using only their brain signals. The device captures brain signals through tiny wires and translates them into actions, such as moving a cursor on a computer screen. In videos shared by Neuralink, Arbaugh has demonstrated the ability to play video games, browse the internet, and navigate his laptop without physical movement.

As Neuralink prepares to implant its second brain chip, the company is poised to make significant strides in enhancing human-computer interaction, potentially offering new levels of independence and capability to individuals with severe physical limitations.

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New Delhi, July 7, 2024 — The sci-fi epic Kalki 2898 AD is maintaining its impressive run in theatres, completing two weeks since its release. On its 14th day, the film grossed ₹7.5 crore in India, bringing its total domestic earnings to ₹536.75 crore, according to Sacnilk. The producers, Vyjayanthi Films, announced that the film had crossed ₹900 crore globally by its 11th day. With these figures, Kalki 2898 AD has surpassed the lifetime earnings of Ranbir Kapoor’s Animal, which grossed ₹915 crore worldwide in 2023.

  • Kalki 2898 AD* now ranks as the second-biggest hit for its lead star Prabhas, following SS Rajamouli’s Baahubali 2, which grossed over ₹1788 crore worldwide in 2017. Additionally, it has become the highest-grossing film for veteran actors Amitabh Bachchan and Kamal Haasan.

Despite experiencing a significant drop of over 75% on its second Monday, when it earned ₹10.4 crore, the film has maintained steady collections in single digits. According to Sacnilk, the decline from Tuesday to Wednesday was approximately 14%.

Initially, Kalki 2898 AD garnered most of its revenue from the Telugu version but has now shifted focus to the Hindi market. On its 14th day, the Hindi version contributed ₹4.75 crore, while the Telugu version earned ₹1.7 crore. The Hindi version has grossed ₹229.05 crore, whereas the Telugu version stands at ₹252.1 crore. On Wednesday, the film recorded a Hindi occupancy rate of 13.81% and a Telugu occupancy rate of 18.6%.

  • Kalki 2898 AD* features a dystopian world inspired by Hindu scriptures and is set in the year 2898 AD. The film is directed by Nag Ashwin and stars Prabhas, Amitabh Bachchan, Deepika Padukone, Kamal Haasan, and Disha Patani in lead roles.

This post-apocalyptic film continues to captivate audiences, demonstrating strong staying power at the box office.

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July 7, 2024 — The Pentagon has reiterated that the United States will continue to view India as a strategic partner, expressing confidence that India will support efforts to achieve an “enduring and just peace for Ukraine.” This statement came as Prime Minister Narendra Modi concluded his historic visit to Russia.

“India and Russia have had a relationship for a very long time. From a US perspective, India is a strategic partner with whom we continue to engage in full and frank dialogue, including their relationship with Russia,” said Pentagon press secretary Major General Pat Ryder during a news conference in New York on Tuesday.

The Joe Biden administration had already conveyed its concerns during Modi’s two-day visit to Moscow. Ryder noted, “As it relates to the NATO summit this week, of course, like you, the world is focused on that.”

Addressing concerns that Russian President Vladimir Putin might use Modi’s visit to portray Russia as less isolated, Ryder emphasized, “President Putin’s war of choice has isolated Russia from the rest of the world, and it has come at great cost.”

Ryder assured that the US will continue to view India as a strategic partner and maintain a robust dialogue with them. He added, “The Prime Minister also met recently with the Ukrainian president and offered his assurances that India will continue to do everything within its means to support a peaceful solution to the war in Ukraine.”

“We trust that India will support efforts to realize an enduring and just peace for Ukraine and will convey to Mr. Putin the importance of adhering to the UN charter and the principles of sovereignty and territorial integrity,” Ryder said.

Meanwhile, Ukraine continues to grapple with the aftermath of a devastating attack. Rescuers were searching the rubble of Ukraine’s largest children’s hospital in Kyiv, which was hit by a Russian missile, killing at least 42 people. Ukrainian President Volodymyr Zelensky, addressing the tragedy on the social platform X, criticized Modi’s visit to Russia. Zelensky said, “It is a huge disappointment and a devastating blow to peace efforts to see the leader of the world’s largest democracy hug the world’s most bloody criminal in Moscow on such a day.”

The Pentagon’s statement underscores the complexity of international relations as the US continues to balance its strategic partnership with India against the backdrop of the ongoing conflict in Ukraine.

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New Delhi, July 7, 2024 — In a pivotal decision, the Supreme Court has decided not to halt the NEET UG 2024 counseling process, despite serious allegations of paper leaks and other malpractices. Petitioners had sought the suspension of counseling and a Central Bureau of Investigation (CBI) probe into the alleged irregularities surrounding the examination.

The bench, headed by Chief Justice of India D.Y. Chandrachud, stated that the evidence presented was insufficient to warrant an immediate cessation of the counseling process. The court stressed that emotional appeals, such as those linking NEET results to student suicides in Kota, should not influence judicial decisions.

While the Court did not stop the counseling, it recognized the gravity of the malpractice allegations. A notice was issued to the National Testing Agency (NTA), responsible for conducting NEET, requesting a detailed response within two weeks. The next hearing is scheduled for July 8.

The petitioners argued that the examination’s integrity was compromised, impacting the future prospects of numerous aspirants. They called for a comprehensive investigation to ensure the fairness and transparency of the NEET UG 2024 examination process.

NEET UG is a crucial examination for students aspiring to enter undergraduate medical and dental courses in India. Given the high stakes and the sheer number of candidates—over a million—any hint of malpractice raises significant concerns among students and their families.

The outcome of this case is highly anticipated, as it could have far-reaching implications for medical education in India. The NTA’s response to the Supreme Court will be pivotal in determining the future course of action regarding these allegations.

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This year, software firm 37signals will see a profit boost of over $1 million (£790,000) from leaving the cloud. “To achieve this with relatively modest changes to our business is astounding,” says co-owner and CTO David Heinemeier Hansson. The US company, which serves millions with its project management and productivity software, including Basecamp and Hey, previously relied on third-party cloud services.

In 2022, cloud services cost 37signals $3.2 million. “Seeing the bill on a weekly basis really radicalized me,” says Heinemeier Hansson. He realized that a week’s worth of cloud spending could buy powerful computers, prompting him to invest in hardware and host it in a shared data center for $840,000 per year. This move was driven by costs and concerns over the concentration of internet infrastructure in the hands of a few major cloud providers.

Despite the cloud’s promise of being cheaper, easier, and faster, Heinemeier Hansson found no measurable productivity gains. The speed of cloud deployment, while impressive, was unnecessary for their needs. For experiments requiring significant but short-term computing power, 37signals still uses the cloud, finding it ideal for such tasks.

Heinemeier Hansson recommends the cloud for start-ups with uncertain futures, advising against buying computers when renting is more viable. However, 37signals is not alone in cloud repatriation. A Citrix survey found that 94% of large US organizations had repatriated data or workloads from the cloud in the last three years, citing security concerns, unexpected costs, performance issues, compatibility problems, and downtime.

German firm Plitch, which provides software for modifying single-player games, moved to private data centers, saving 30-40% in costs after two years. The need for control over proprietary R&D data and advanced AI processing power drove their decision. Performance issues and limited customization options in the cloud also contributed.

Mark Turner, chief commercial officer at Pulsant, helps companies migrate from the cloud to colocation data centers, where clients own the hardware but house it with another firm. Turner notes a growing trend of repatriation for workloads that never belonged in the cloud. His clients, such as LinkPool, have significantly reduced costs by moving to colocation.

Despite this trend, cloud computing remains a massive business with major players like AWS, Microsoft Azure, and Google Cloud Platform. For companies like Expedia, the cloud is essential, enabling them to consolidate data, deploy solutions globally, and benefit from the cloud providers’ resilient infrastructure. Expedia’s cloud center of excellence saved about 10% on cloud costs last year by setting policies to manage consumption wisely.

While some companies are moving away from the cloud, it continues to offer significant advantages for many businesses, proving that the decision to use cloud services depends on specific needs and circumstances.

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Prime Minister Narendra Modi is set for a pivotal three-day visit to Moscow and Vienna, focusing on the Ukraine war, green fuel, and clean energy. During his visit, PM Modi will engage in private dinners with Russian President Vladimir Putin on July 8 and Austrian Chancellor Karl Nehammer the following day, aiming to bolster India’s energy security and acquire green technologies from both nations.

The visit to Moscow is particularly significant as India seeks to strengthen its energy ties with Russia amidst Europe’s procurement of energy supplies from West Asia at higher prices due to the Ukraine conflict. PM Modi will also explore alternative routes, including the Arctic, for evacuating energy from Russia and consider increased investment in the Russian energy sector.

PM Modi will be physically conferred with the Order of St. Andrew the Apostle the First-Called, the highest state decoration by the Russian Federation. The key discussion between Modi and Putin will center on the ongoing Ukraine war, which continues to destabilize global markets and security. Armed with insights from the recent G-7 summit in Italy, PM Modi will urge President Putin to return to the negotiating table, emphasizing the futility of prolonging the conflict.

Additionally, Modi will discuss halting the recruitment of Indians to fight in the Ukraine war and seek to enhance cooperation with Russia in space and nuclear energy. India aims to activate Kudankulam Reactors III and IV with Russian assistance in the next two years and commence work on Reactors V and VI. Further cooperation on India’s Gaganyaan space mission and the future establishment of a space station will also be on the agenda.

Following his engagements in Moscow, PM Modi will travel to Vienna for a private dialogue with Austrian Chancellor Karl Nehammer on July 9. This marks the first visit by an Indian PM to Vienna since 1983, highlighting Austria’s historical ties with India, including contributions by Indologist Joseph Tieffenhaler.

The Ukraine war will also be a key topic of discussion in Vienna, with both India and Austria positioned to play a role in resolving the conflict, which has significant economic implications for the Global South. Austria’s expertise in clean and green technologies, such as converting used cooking oil into green fuel, will be a focal point of the visit. Austrian companies are notably involved in Indian infrastructure projects, including tunneling through challenging terrains in northern India.

Overall, PM Modi’s visit to Russia and Austria will address critical issues of energy security, the Ukraine conflict, and the advancement of green technologies, reflecting India’s strategic priorities on the global stage.

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On the Fourth of July, the most significant password leak in history was revealed, dubbed RockYou2024 by its original poster, “ObamaCare,” on a prominent hacking forum. This massive compilation contains 9,948,575,739 unique passwords in plain text nearly 10 billion passwords marking an unprecedented scale of exposure.

While this is a serious security concern, there are important caveats. Users should still prioritize changing their passwords frequently or using a secure password manager, and implementing Two-Factor Authentication (2FA) or Multi-Factor Authentication (MFA) to enhance their security.

However, despite its vast scope, RockYou2024 is primarily an aggregation of previous password leaks. It builds on the earlier “RockYou2021” compilation, which included 8.4 billion passwords. Thus, only about 1.5 billion new passwords were added to the list. According to the hacker ObamaCare, some of these were newly cracked with the aid of an RTX 4090 graphics card, a tactic that has been warned about previously.

Cybernews highlighted the potential risks associated with this compilation, stating, “Attackers can utilize the ten-billion-strong RockYou2024 compilation to target any system not protected against brute-force attacks. This includes everything from online and offline services to internet-facing cameras and industrial hardware. Combined with other leaked databases containing user email addresses and credentials, RockYou2024 could lead to a cascade of data breaches, financial frauds, and identity thefts.”

Despite these concerns, it is worth noting that RockYou2024 is largely a compilation of existing leaks, dating back to at least 2021. While users should remain vigilant and take appropriate precautions, the impact of the headline is somewhat mitigated by the fact that this is primarily an aggregation of previous breaches.

Cybersecurity remains an ongoing battle, and users should stay proactive in protecting their information, even if this compilation represents a consolidation of existing hacker efforts.

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Ola founder and CEO Bhavish Aggarwal has commented on Tesla’s exit from the Indian market, asserting that the loss is Tesla’s, not India’s. Aggarwal emphasized that the Indian EV market is expanding rapidly, presenting significant opportunities that Tesla will miss out on.

“While the Indian EV and lithium ecosystem is early, we’re gaining momentum quickly. It’ll be too late for Tesla when they look at India seriously again in a few years,” Aggarwal posted on X (formerly Twitter).

This statement follows a Bloomberg report indicating that Tesla has not pursued discussions with officials in New Delhi, leading to the expectation that the company will not invest in India. The report comes shortly after Elon Musk postponed his visit to India. The government, aware of Tesla’s financial challenges, does not anticipate fresh investments from the EV maker.

Tesla, which has recently faced a second consecutive decline in global deliveries and increasing competition from China, has made several strategic adjustments. In April, Musk announced job cuts, sold the automaker’s flagship Cybertruck stall, and delayed the construction of its Mexico plant.

With Tesla’s pullback, the Indian government may shift focus to domestic players like Mahindra & Mahindra and Tata Motors to drive EV production in the country.

Ola, a leading Indian EV startup, is poised for a significant market debut. In June 2024, the Securities and Exchange Board of India (SEBI) approved Ola Electric’s IPO, featuring a primary issuance of ₹5,500 crore and a secondary sale of ₹1,750 crore. This approval marks Ola Electric as the first EV startup to receive such clearance from the market regulator.

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Read the full interview now and share with your sustainability

Companies now require expertise in sustainability and ESG reporting as well: Prof. Ganesh Channa

Prof. Ganesh Channa, President of the World Environment Council, has a proven track record of environmental action. He’s a visionary leader dedicated to building a sustainable future for our planet. His organization spearheads environmental initiatives across the globe, from planting over a million trees to collaborating with governments on policy changes. In this interview, Prof. Channa shares his insights on how we can all contribute to a greener tomorrow.

Team Reblue: Hi Ganesh Sir, thank you for interviewing with us. So, as you are president of the World Environment Council, to start with, we would like to know what is the objective of the organisation and how long it has been running.

Prof. Ganesh Channa: Yes, it all started in 2019.

We began with the intention of taking on a single project. During that time, I discussed the idea with colleagues and friends. We decided to focus on environmental issues because we felt a strong connection to nature, something I’ve felt since childhood. That’s why we decided to establish a large organization to work on these issues.

Our organization started in Delhi and Solapur. We officially began operations in 2021, but we’ve been working on this platform for the past five to six years.

Currently, we have volunteers and official members in over 120 countries. We function as a non-profit organization.

Our vision is to create a sustainable future and promote social, economic, and environmental well-being in communities around the world.

Our mission is to work together, like stewards of our planet, to create a cleaner, safer, and more eco-friendly world by improving local environmental quality. This is the core of our vision and mission.

Team Reblue: Given your presence in over 120 countries, a pretty large footprint, can you elaborate on how you collaborate with your members? Do you primarily work with governments, businesses, or other entities to achieve your vision of a sustainable future?

Prof. Ganesh Channa: Basically, my idea was to work globally. So, we decided to undertake some projects and connect with those working on environmental issues, like this one. We’d promote it using a major social media platform to maximize benefits. Think Facebook or LinkedIn – these platforms are ideal.

Through these platforms, we can achieve our goals. We can connect with people worldwide, and some might even join us as official members. Others might volunteer their time and effort.

This year, we initiated a few environmental projects. This one, for example, is our first.

This is now our fourth year! We’ve actually planted over 10,00,000 trees across India with our volunteers and supporters.

Essentially, this is an ongoing mission. We plant trees in various locations, ensuring we have the proper information and record everything with evidence. This year, we will implement different projects and activities.

We’ve actually planted over 10,00,000 trees across India with our volunteers and supporters.

Essentially, this is an ongoing mission. We plant trees in various locations, ensuring we have the proper information and record everything with evidence

Team Reblue: What are the participation opportunities for members, and how can members from different countries actively participate?

Prof. Ganesh Channa: Yes, webinars and conferences are possibilities. We can definitely plan these. We’d provide all the information, including banners and other materials. Organizations could then implement the content based on their needs.

The challenge is that we can’t be physically present everywhere.

That’s why we want to connect with everyone. Organizations can connect with us, and we’ll share information about our projects, including those we plan to implement this year. This information will be sent via email and social media to those who connect with us. Organizations can then begin projects using both our banner and their own.

Team Reblue: Given that the company secretary and chartered accountants will likely be involved in sustainability reporting and regulatory matters, how, in your experience, can they contribute to a company’s sustainability goals? In other words, what specific roles can chartered accountants and company secretaries play across various organizations?

Prof. Ganesh Channa: Absolutely. However, there are already existing guidelines like ACD or ACB. These guidelines are used for various reports, including medical reporting, environmental, social, and sustainability (ESD) reporting. All of these reports are typically prepared based on these frameworks.

Accountants can get involved through social audits. There’s a separate platform for them to register and work as social auditors.

Company secretaries are also involved in similar ways.

Finally, we launched our own ESG reporting course last month, including modules on both ESG auditing and ESD reporting. The curriculum, content, and syllabus were all developed by us, along with selecting qualified trainers.

This was a successful pilot batch – a five-day online ESG Sustainability reporting course that recently concluded. We’re operating through an online model, and this batch had students from Arab countries and France, demonstrating successful execution on our own platform.

The demand for qualified professionals goes beyond social auditing. Companies now require expertise in sustainability and ESG reporting as well. There’s a high demand and many recruitment opportunities in these areas, including UNC reporting and sustainability reporting more broadly.

Team Reblue: Are the company secretary and chartered accountant primarily responsible for auditing the sustainability report? Additionally, must the report comply with the specific region’s reporting standards?

 Prof. Ganesh Channa: Yes sir. The issue is that there’s a shortage of qualified social auditors. This is a significant requirement globally and in India, as companies often lack experienced and qualified personnel in this area. Currently, across India, there are only around 500 social auditors.

However, the demand for qualified professionals goes beyond social auditing. Companies now require expertise in sustainability and ESG reporting as well. There’s a high demand and many recruitment opportunities in these areas, including UNC reporting and sustainability reporting more broadly.

Team Reblue: When you mention social audits, do they focus solely on the social aspect of ESG (Environmental, Social, and Governance) within a company’s sustainability strategy and performance? Or does a social audit encompass all three pillars of ESG?

Prof. Ganesh Channa: Yes, ESG is a vast subject, and there aren’t necessarily specialists in every single aspect. This is because countries implement frameworks based on their specific needs. There are various frameworks available, such as GRI (Global Reporting Initiative), SASB (Sustainability Accounting Standards Board), and TCFD (Task Force on Climate-related Financial Disclosures).

An experienced ESG auditor might also be an expert in ESG reporting. Our course focuses heavily on the practical aspects of ESG reporting. This is crucial because real-world applications involve following industry-specific government norms and guidelines. Since readily available information might be limited, we use case studies and practical exercises to help students, as well as those enrolled in our ESG reporting course, understand the process.

Team Reblue: In your opinion, what are the primary factors driving organizations to adopt sustainability initiatives? Are regulations the main reason, or are there other significant motivators?  

Prof. Ganesh Channa: Yes, there are many organizations like KV and others working on sustainability implementation. However, our focus is different. While some organizations focus on specific areas or sectors, we work across various areas, making our approach versatile. This means we can cater to a wider range of needs.

Additionally, unlike some organizations that operate solely at the corporate or industry level, we work from the ground level up to the corporate level. We even collaborate with the government on sustainability initiatives.

So yes, that’s what makes our approach unique.

Team Reblue: Building on your experience, what are the key drivers for companies to enter the sustainability space and implement related initiatives? Are government regulations the primary motivator, or are there other significant factors you’ve observed in the industry?

Prof. Ganesh Channa: There are already government regulations regarding ESG (Environmental, Social, and Governance) and sustainability. These rules apply to both large corporations and smaller companies. As a result, companies need to provide some level of sustainability reporting.

The government doesn’t necessarily need to directly train candidates. They set the requirements, and based on those, organizations develop curriculums, train candidates, and potentially recruit them for government agencies and sectors.

Additionally, there are SEBI (Securities and Exchange Board of India) guidelines. This year, SEBI is likely mandating sustainability audits and unspecified reporting (UC) for over 2000 companies.

Team Reblue: Earlier you mentioned emerging trends and technologies impacting sustainability. In your experience, which of these trends and technologies do you see as most beneficial for companies on their sustainability journey?

Prof. Ganesh Channa: Yes, it really depends on the company’s needs. There are many existing technologies that can be applied to sustainability reporting and auditing. However, companies may struggle to implement them effectively.

This is why some companies establish their own technology for sustainability reporting. These technologies allow companies to input data, generate reports, and streamline the entire process. While physical boards may still be used, technology offers significant benefits.

Furthermore, technology can save the environment. When industries implement specific technologies following relevant guidance, it becomes easier to track their operations and ensure they align with sustainability and ESG goals. Software plays a key role in facilitating this process.

Team Reblue: Regulations related to sustainability are constantly evolving, with new frameworks emerging and older ones potentially becoming obsolete (like the possible duplication of TCFD after COP28 in Dubai). This can be a challenge for companies. How are companies you work with balancing the need to comply with these evolving standards while also making progress on core sustainability initiatives like reducing electricity consumption?  

Prof. Ganesh Channa: There are indeed many frameworks available, but their applicability depends on the specific context. Since India is a vast country with a large population, it may require different criteria and frameworks compared to smaller nations.

Frameworks like GRI (Global Reporting Initiative) and SASB (Sustainability Accounting Standards Board) serve as general guidelines. However, the government continuously updates its rules and regulations based on evolving needs.

For instance, the Environment Protection Act was originally enacted in 1986 but was subsequently updated in 2020. These guidelines provide a common framework for India and potentially other countries as well.

The Environment Protection Act (1986) outlines initial sector-specific requirements, including how to prepare projects, reports, and specific writing formats. Over time, these requirements are updated within the Act.

Therefore, there isn’t a single, specific set of criteria. Instead, a common framework is often used as a starting point.

Many people understand ESG is a broad topic, but lack in-depth knowledge. Organizations often hold webinars and conferences, but the information might not be comprehensive.

Team Reblue: There is a huge gap between the availability of people who understand sustainability and the demand for them in industry. What is the best way to bridge this gap? Many industries, including manufacturing, finance, and others, will require personnel with sustainability expertise. What initiatives are governments and industries taking to address this growing demand?

Prof. Ganesh Channa: Many people understand ESG is a broad topic, but lack in-depth knowledge. Organizations often hold webinars and conferences, but the information might not be comprehensive.

The World Environment Council follows government and UNSDG (Sustainable Development Goals) guidelines. We recently participated in the Ocean Conference in Portugal, and based on learnings there, we’re developing legal frameworks for upper ocean protection. We also submitted water protection guidelines to the Indian government.

Additionally, we offer ESG reporting training. Recognizing students coming from diverse fields like nuclear, finance, manufacturing, etc., we developed a practical ESG toolkit for students. This toolkit covers various sectors, including firecrackers, food processing, footwear, and more. It’s designed to be user-friendly and guide students through practical applications of ESG principles.

Our initiative aims to bridge the knowledge and practical skill gap regarding ESG. Many people confuse ESG with GST (Goods and Services Tax). We leverage technology (Microsoft Excel) to create a user-friendly tool where users can simply input their sector, and the tool provides relevant guidelines and reporting procedures.

This is just one of the initiatives undertaken by the World Environment Council to enhance ESG understanding.

Team Reblue: Our discussion covered existing Indian environmental laws. However, are there any potential gaps in the current legal framework that might necessitate new legislation in the near future? Additionally, what specific legal initiatives do you think would be most beneficial in enhancing India’s sustainability efforts?

Prof. Ganesh Channa: Yes, it depends on the government. The Ministry of Environment plays a crucial role, and they do update environmental laws periodically based on evolving needs. However, it’s important to remember that effective implementation relies on both government action and public cooperation.

Additionally, many countries have their own Environmental Protection Acts, which guide their environmental regulations.

AI can be used to analyze vast amounts of data related to a company’s environmental impact, social responsibility, and governance practices. This data analysis can then be used to generate comprehensive and accurate ESG reports, which are essential for financial stakeholders.

Team Reblue: Given our focus on technology and software development, do you have any specific recommendations for companies like our own – Reblue Ventures? What types of software solutions do you see as most beneficial for the sustainability efforts of various industries?

Prof. Ganesh Channa: Yes, there are definitely possibilities for companies like yours. ESG reporting is becoming increasingly important, and AI technology can be a valuable tool in this area.

For instance, AI can be used to analyze vast amounts of data related to a company’s environmental impact, social responsibility, and governance practices. This data analysis can then be used to generate comprehensive and accurate ESG reports, which are essential for financial stakeholders.

So, exploring the use of AI for ESG reporting could be a good direction for your company.

Team Reblue: Awesome. Thank you for doing this interview and sharing your insights with us! We’re sure our readers will get a lot of value from this. 

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