Will help address the skills gap at BFSI, companies in the evolving sustainability domain
CRISIL 1Academy – the training and certification arm of CRISIL Limited – is pleased to announce the launch of its ‘CRISIL-certified ESG risk analyst’ class.
The ESG Risk Analyst online course provides an in-depth understanding of environmental, social and governance (ESG) concepts, terminologies, frameworks, regulations and their applications when making investment and credit decisions.
The training content uses relevant market data, best practices, examples and case studies, both in the Indian and global context. It is embedded with animations, interactivities, human voiceover and knowledge checks to make it engaging, easy to understand and remember.
The course leverages CRISIL’s strong domain expertise in ESG risk assessment and sustainability consulting.
CRISIL is a pioneer in ESG scoring in India, with over a thousand companies rated for their ESG risk and performance. We are also a leading advisor for developing sustainability and decarbonization strategies, ESG integration into business operations and climate risk and social impact assessment for various companies.
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Says Miren Lodha, Director, CRISIL 1Academy, “Our clients, especially in banking, financial services and insurance (BFSI), have often faced challenges in finding the right talent and building capacity in ESG-related skills. Currently, the gap in ESG skills and awareness is being addressed through on-the-job training. But that carries the risk of partially understanding the core concepts. We believe that because this course is self-paced, comprehensive and in-depth, it can help organizations quickly grow ESG-related skills and address the talent gap.”
We expect that the demand for ESG professionals will only increase from now on.
Says Neeta Muliyil, Deputy Director, CRISIL1Academy, “The intense focus on sustainability is leading to more systematic research into ESG aspects of companies around the world. Investors, looking beyond traditional market interest rate returns, are pushing business leaders to redesign organizational strategy and increasingly focus on the triple bottom line. These shifts have created a high demand for professionals from different sectors with critical training in ESG analysis, sustainability practices and regulatory issues, and therefore for credible ESG courses that teach these skills.”
The Securities and Exchange Board of India and the Reserve Bank of India have also legislated for better corporate disclosures and standardization of green products. There is a similar enthusiasm among companies, investors and lenders towards ESG. For example, lenders are increasingly integrating ESG measures into their credit ratings and the number of ESG investment funds has increased from three to nine in just three years.