Bhubaneswar: Dr. Prabodh Mohanty, President of the Utkal Chamber of Commerce and Industry Ltd (UCCIL), addressed the awareness session on ESG (Environmental, Social, and Governance) and Sustainable Business Practices for MSMEs, organized by the FICCI Odisha Chapter on 30 May.
The Odisha Chapter of the Federation of Indian Chambers of Commerce and Industry (FICCI) successfully organized an insightful awareness session on Environmental, Social, and Governance (ESG) and Sustainable Business Practices for Micro, Small, and Medium Enterprises (MSMEs).
The session, held at Hotel HHI, saw Dr. Mohanty warmly welcomed by Shri Pankaj Sathija, Chairman of the FICCI Odisha Chapter.
Dr. Mohanty, a prominent voice in the industrial fraternity of Odisha, shared his perspectives on how MSMEs can leverage ESG frameworks to not only meet regulatory requirements but also unlock new opportunities for growth and investment.
His presence underscored the collaborative efforts between industry bodies to drive sustainable development in the region.
In his address, Dr. Mohanty underscored the critical need for MSMEs to adopt sustainable practices, highlighting the long-term benefits of integrating ESG principles into their operations. He emphasized that embracing ESG is not merely a regulatory compliance but a strategic move that can enhance competitiveness, attract investment, and ensure the resilience of businesses in the evolving global economy.
Dr. Mohanty’s participation highlighted the collaborative spirit between UCCIL and FICCI in promoting sustainable development and supporting the growth of MSMEs in Odisha.
His insights were particularly valuable for the participating MSME representatives, providing them with a clearer understanding of how to navigate the complexities of sustainable business and leverage it for their advantage. The session aimed to empower MSMEs with the knowledge and tools necessary to build a more sustainable and responsible business future.
Shri Sathija, in his welcome address, emphasized the growing importance of integrating ESG principles into business operations for long-term sustainability and competitiveness. He highlighted FICCI’s commitment to empowering MSMEs with the knowledge and tools necessary to navigate the evolving landscape of sustainable business.
The awareness session aimed to equip MSMEs with practical insights into adopting sustainable practices, understanding relevant policies, and exploring the benefits of ESG integration. Experts from various fields were slated to deliver presentations and facilitate discussions on best practices, challenges, and opportunities in the transition towards a greener and more responsible business ecosystem.
The event served as a crucial platform for knowledge exchange and networking, fostering a deeper understanding of sustainable business practices among Odisha’s MSME sector.