ICSI Advocates Principle-Based Stewardship to Tackle Climate Change

05 Dec 2025 CW Team

As a statutory body advancing corporate governance best practices, ICSI has positioned stewardship as responsible management of assets and relationships for sustained value creation, introducing the ICSI Guiding Principles on Stewardship (IGPS). The International Financial Services Centres Authority (IFSCA) has recognised the IGPS for adoption by Fund Management Entities and Institutional Investors in IFSCs, safeguarding the interests of clients, beneficiaries and society.

Emphasising stewardship beyond compliance, the IGPS aims to harness the role of Institutional Investors and Fund Managers in encouraging companies to shift from short-term gains to long-term outcomes by insisting on robust ESG frameworks that prioritise sustainable growth.

To support practical adoption, ICSI has launched a Stakeholder Engagement Toolkit on ESG to supplement the IGPS and assist Company Secretaries and Boards in formulating comprehensive ESG policies. The Institute has also introduced the ICSI Principles on Climate Change Governance (IPCG), providing guidance on climate-related disclosures, metrics and target-setting to monitor sustainability performance.

Highlighting the Institute’s proactive role, CS Dhananjay Shukla, President, the ICSI, said, “Integrating climate consideration into business frameworks require a cohesive methodology of well-crafted principles, detailed guidance on climate and sustainability matters and equipped professionals who can coherently translate it into reality. As a leading force in promoting best practices, the ICSI is offering it all, through its various initiatives.”

CS Asish Mohan, Secretary, the ICSI, added, “In a world where climate change is requiring corporations and nations, investors and investees, to act strategically, the Institute of Company Secretaries of India aims to utilise the significant pedestals occupied by these investors and stewards and promote principles-based governance to support sustainable development.”

With COP30 concluding in Brazil, the Institute of Company Secretaries of India (ICSI) has pressed the need for a principle-based corporate response to climate change and highlighted the strategic importance of embedding Environmental, Social and Governance (ESG) principles into business frameworks for long-term competitiveness.As a statutory body advancing corporate governance best practices, ICSI has positioned stewardship as responsible management of assets and relationships for sustained value creation, introducing the ICSI Guiding Principles on Stewardship (IGPS). The International Financial Services Centres Authority (IFSCA) has recognised the IGPS for adoption by Fund Management Entities and Institutional Investors in IFSCs, safeguarding the interests of clients, beneficiaries and society.Emphasising stewardship beyond compliance, the IGPS aims to harness the role of Institutional Investors and Fund Managers in encouraging companies to shift from short-term gains to long-term outcomes by insisting on robust ESG frameworks that prioritise sustainable growth.To support practical adoption, ICSI has launched a Stakeholder Engagement Toolkit on ESG to supplement the IGPS and assist Company Secretaries and Boards in formulating comprehensive ESG policies. The Institute has also introduced the ICSI Principles on Climate Change Governance (IPCG), providing guidance on climate-related disclosures, metrics and target-setting to monitor sustainability performance.Highlighting the Institute’s proactive role, CS Dhananjay Shukla, President, the ICSI, said, “Integrating climate consideration into business frameworks require a cohesive methodology of well-crafted principles, detailed guidance on climate and sustainability matters and equipped professionals who can coherently translate it into reality. As a leading force in promoting best practices, the ICSI is offering it all, through its various initiatives.”CS Asish Mohan, Secretary, the ICSI, added, “In a world where climate change is requiring corporations and nations, investors and investees, to act strategically, the Institute of Company Secretaries of India aims to utilise the significant pedestals occupied by these investors and stewards and promote principles-based governance to support sustainable development.”

Infrastructure Transport

05 Feb 2026

MMRDA Installs 325-Tonne Steel Spans on Mumbai Metro Line 4

The Mumbai Metropolitan Region Development Authority (MMRDA) has achieved a key construction milestone on Metro Line 4 with the successful installation of three large steel spans at Bhandup West during overnight operations.The spans, together weighing 325 metric tonnes, were launched using eight heavy-duty cranes and 12 multi-axle vehicles. The operation required precise engineering and meticulous planning to minimise disruption in the densely populated suburban area.Due to effective inter-agency coordination, the work—originally scheduled across four nights—was completed within just two n..

Infrastructure Transport

05 Feb 2026

CMRL Targets March 2027 Opening for Vadapalani–Panagal Park

Chennai Metro Rail Limited (CMRL) is progressing as scheduled to open the Vadapalani–Panagal Park section of Phase II’s Corridor 4 by March 2027. The 3.5 km underground stretch is part of the 26.1 km Corridor 4 connecting Lighthouse with Poonamallee Bypass.Construction activities are advancing steadily, with tunnelling works between Vadapalani and Panagal Park already completed. Track-laying operations are expected to commence shortly. At Panagal Park station, structural works have reached the concourse and platform levels, while excavation continues at the lowest level.CMRL is also consid..

Infrastructure Transport

05 Feb 2026

Maha-Metro Invites Pune Metro Civil Maintenance Bids

Maharashtra Metro Rail Corporation Limited (Maha-Metro) has invited bids for the annual civil maintenance contract of the Pune Metro Rail Project. The tender, bearing ID and number P1-O&M-20/2025, is scheduled to close on 23 February 2026, with a pre-bid meeting slated for 10 February 2026. The earnest money deposit (EMD) for the contract is Rs 3,50,500, and the duration of the contract is one year.The scope of work includes annual civil maintenance of 28 elevated and underground stations, 28.079 km of elevated viaduct including steel bridges, 12.15 km of tunnels, and two depots under the ..