Recent regulations in India, including the mandate for top companies to disclose sustainability parameters and commitments to the Paris Agreement, signal stricter government oversight and increased climate action. Against this backdrop, Envint, founded in Mumbai to drive sustainability into mainstream business practices, emphasizes the financial benefits of business responsibility. By integrating environmental, social, and governance principles into core strategies, Envint aims to shape a more sustainable future.
Envint stands out in the segment due to its singular focus on sustainability, climate action, and ESG. With a team of 35 professionals deeply dedicated to these areas, Envint offers a unique blend of expertise and pragmatism. Unlike other firms, Envint solely engages in work related to sustainability, ensuring unwavering dedication to its mission. Further, its pragmatic approach, shaped by partners' industry experience, guarantees practical solutions tailored to clients' needs. Since its inception, Envint has served over 120 clients worldwide, completing 300+ engagements across diverse geographies, including India, South Asia, the UK, the Netherlands, Canada, US and Singapore. This global outreach underscores Envint's commitment to advancing sustainability on a global scale.
Sustainability in Action
Envint helps clients to integrate sustainability, channelize responsible investment, and enable climate action. The firm has developed a four-tiered capability model that supports service delivery with sector expertise, thematic knowledge, and application of tools and frameworks.
"The firm aids clients in implementing sustainable practices by providing tailored strategies and plans, along with hands-on assistance in execution. This includes conducting audits to identify areas for improvement, followed by specialized training sessions on topics such as greenhouse gas accounting, diversity, equity, and inclusion, corporate governance, and environmental health and safety. Envint also assists in sourcing relevant service providers and the tools necessary for initiatives such as ESG data management, environment monitoring and biodiversity mapping. Through capacity-building, program management of ESG initiatives, deployment of in-house and external tools & automation where applicable, Envint contributes significantly to clients' success in sustainability implementation", elaborated Manish Jain.
Moreover, Envint has experienced significant benefits from adopting sustainable business practices, including cost savings, enhanced profitability, and a heightened sense of social responsibility. In assisting clients to identify avenues for innovation and growth through sustainability initiatives, the Envint approach begins with a thorough understanding of materiality — the critical issues posing risks or presenting opportunities for the organization.
This involves employing various methods such as materiality surveys, in-depth interviews with management, and benchmarking against industry peers. "Upon identifying material issues, we propose actionable steps for sustainability. For example, with a chemical company, we addressed safety concerns through process audits and targeted investments. By aligning initiatives with client needs, Envint enables innovation and growth while advancing sustainability goals", adds Anand Krishnamurthy.
Furthermore, Envint's client engagement process is methodical and transparent. It begins with a detailed discussion to understand the client's needs, followed by a proposal outlining scope, methodology, and team details. Engagements vary in duration, ranging from three weeks to multi-year projects, divided into phases. Upon agreement, the client issues a purchase order, and work commences with regular progress updates and milestone-based deliverables. These deliverables could include benchmarking presentations, due diligence reports, or sustainability disclosures, tailored to the engagement. Upon completion, clients may opt to conclude or extend the project as needed.
"With a firm belief in India's potential and the capabilities of its people, Envint envisions a bright future ahead. Expansion plans include catering to more global clients, establishing multiple offices, and investing in automation for enhanced efficiency. Envint is committed to nurturing internal talent and grooming future leaders within the organization", concluded Manish.
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