Page 183 - CW E-Magazine (12-3-2024)

Special Report

of the world has further heightened Importance of Environmental, Social, to promote sustainable practices and
these uncertainties. Moreover, geo- and Governance (ESG) factors in the transparency, foster open dialogue with
political tensions between major trading risk management framework stakeholders, including investors, regu-
partners can escalate into trade disputes According to the World Economic lators, employees, and communities, to
Target Your Market More Effectively
or even trade wars, further exacerbating Forum (WEF), companies on the S&P address ESG concerns proactively, and
the challenges faced by chemical com- 500 ESG Index outperformed, suffered enhance transparency through regular
panies. For instance, friction between fewer losses, and recovered faster than reporting about ESG performance.
IndiaChemTrade
ChemImpex
China and India has resulted in recipro- the S&P 500 during the pandemic.
cal anti-dumping actions by both coun- Therefore, companies cannot afford to In conclusion, while no strategy
Free for subscribers of Chemical Weekly
For subscribers only
tries on various chemical products in ignore ESG risks and there should be can completely eliminate counterparty
ChemImpex, the trade database, tracks, on a daily
IndiaChemtrade provides consolidated trade statistics
2023. thorough due diligence on customers risk, a comprehensive risk management
basis, exports and imports of chemicals and related of India. The information provided here is based on the
and suppliers from an ESG perspective. approach can significantly reduce expo-
products through the major ports in India — a vital
annual trade data published by the Directorate General
Energy consumption and climate- Chemical companies should also engage sure and safeguard the financial health
of Commercial Intelligence and Statistics, Government
source of commercial intelligence. Find out on-line
change risk with their supply and distribution chains of businesses in the chemical sector.
how international markets are moving; where your of India. The database can be searched by: Chemical
Chemical companies, with their
About thE Author
substantial energy consumption and Name/Harmonised Code to obtain the consolidated
competitors are exporting and at what price; where
greenhouse gas emissions, find them- With over 25 years of experience, Kaushal spent 18
imports are coming from and how their prices are
trade (import or export) in that item; or by Country to
selves squarely in the crosshairs of the years with Dun & Bradstreet India in various leader-
moving. Download all this data, seamlessly, for a
obtain the trade (import or export) in all chemicals and
global climate-change crisis. Traditio- ship roles including President & Managing Director
related products between India and that country
small fee — online, anytime, with no hassles.
nal manufacturing processes rely heavily from 2010 – 2017. He helped establish Acuite Ratings &
ChemXchange
on fossil fuels, releasing vast quantities Research Ltd. (formerly SMERA Ratings Limited), Dun &
of carbon dioxide into the atmosphere. Bradstreet’s joint venture with SIDBI, and has served on
Open to all registered users — no subscription required
To mitigate this, a transition to cleaner, its Board.
ChemXchange — the chemical exchange with a difference — is where you can identify your buyers and sup-
more sustainable energy sources is
plyers on-line, any time. This unique platform is free to all advertisers in the print version of Chemical Weekly.
imperative. With climate change in the He serves as an Independent Director on the Board of Apar Industries Ltd,
spotlight now, it is necessary for the a US$1.2-bn manufacturing conglomerate. He also serves on the Risk Manage-
For more information contact: 022-24044477. Fax: 022-24044450
risk assessment framework to take into ment Committee of the Board of Directors.
Email: corporate@chemicalweekly.com or log on to chemicalweekly.com
account the steps that are being taken
by the company whose risk is being Kaushal holds an MBA from Bowling Green State University and is passio-
assessed towards energy transition and nate about reading, geopolitics, art, and travel.
carbon footprint reduction.
Missed a copy !!!
For Digital Edition of this month’s issue & all other past issues
Visit www.hpicindia.com

PDF copies available for download
Mrs. Usha S. - usha@hpicindia.com
Register Now

Contact: For Subscription : Mrs. Usha S. - usha@hpicindia.com
For Advertising : Mr. Vijay Raghavan - vijay@hpicindia.com

Chemical Weekly March 12, 2024 183

Contents Index to Advertisers Index to Products Advertised