Sustainability ValueA MONTHLY NEWSLETTER ON SUSTAINABILITY MATTERS FROM GC ADVISORS MARCH-2013, VOLUME:01, ISSUE:01

MARKET HIGHLIGHTS

CER Price Watch

01 March 2013

Intercontinental Exchange:

Price (volume)

0.33 € (230)

REC issuance

REC issued: 5,117,656

REC Redeemed: 3,174,458

Closing Balance: 1,943,198

(Source: REC registry, India)

REC Price Watch

Feb 2013 Session

IEX: Price(Volume)

Non solar –INR 1,500(48,093)

Solar – INR 12,500(1,924)

Sustainability Values intends to bring you updates that are

newsworthy, interesting, trending issues you may like

to know more about. This monthly newsletter is a part of our

endeavour to work with business, stakeholders including

government and civil society towards sustainability

transformation and delivery of sustainability value.

Post economic down turn in the US and the Wall Street

protests, many others argued for more responsible and/or

regulated business, caps on management remuneration and

accountability processes. In India, for similar reasons and for

ensuring corporate governance (post Satyam) and inclusive

growth preferred the regulation route. The Ministry of

Corporate Affairs released the National Voluntary Guidelines

(NVGs) in July 2011, SEBI in August 2012 mandated non-

financial disclosure based on the NVG framework to

demonstrate responsible behaviour.

Sections 134 and 135 of the Companies Bill 2012, mandates

disclosures of CSR policy, projects and their outcomes.

While the debate is still on what constitutes the 2% CSR

spend, a draft guideline was in circulation that required

also companies as defined under clause (1) of Section 135 of

the Act to disclose additionally their performance on business

responsibility

Do communicate your views and valued opinions, we will try

and cover this in the next edition. Till then......

Editor.

PXIL: Price(Volume)

Non solar –INR 1,500(104,859)

Solar – INR 13,000(310)

Dow Jones Sustainability World Index

The Dow Jones Sustainability WorldIndex is composed of globalsustainability leaders as identified bySAM through a corporatesustainability assessment. The indexrepresents the top 10% of the largest2,500 companies in the Dow JonesGlobal Total Stock Market Index basedon long-term economic, environmentaland social criteria.

EVENTS

ASEAN Corporate Sustainability

Summit

General Carbon speaking at ASEANCorporate Sustainability Summit,happening in Manila, Philippines onApril 4-5, 2013 the summit will feature40+ of the best regional andinternational sustainability leadersfrom award-winning enterprises andwill bring together 200+ local andSoutheast Asian practitioners fromindustry, government, regulatorybodies, multilaterals and academy. OurCEO Dr. Ram Babu, will be a keyspeaker in this event.

Sustainability Matters

Are Top Indian Companies Ready for SEBI’s BusinessResponsibility Reporting?

A recent study conducted by Carbon Masters on preparednesslevels of top BSE-100 companies, indicated that 64% of thetop affected companies are not prepared to submit SEBI’sprerequisite Business Responsibility (BR) report.

New CSR guidelines for public sector firms shift focus toethics

New corporate social responsibility (CSR) guidelines forpublic sector companies emphasize on ethics andsustainability rather than on financing external projects,according to a draft paper posted on the department of publicenterprises’ (DPE) website.

How India Inc can make their CSR spends count

How that the new Companies Bill has mandated thatorganisations of a certain financial strength spend 2% of theirnet profit on corporate social responsibility (CSR), two thingsare likely to happen right away. First, the general spend ondevelopment projects will shoot up, with more companieshaving to set aside funds for this.

Don't View 2% CSR Spend as a Spend - View it As ACore Business Strategy

Do you think of the recent Companies Bill in India mandatingcompanies of certain size to spend 2% of their net profits onCSR (Corporate Social Responsibility) activities will bringhigher transparency, efficiency and responsibility among theIndian businesses?

3 Corporate Sustainability Issues for 2013

This year, many others in the private sector will do their partby championing strategies that concern three key sectors:corporate support for renewable energy, finding greener waysof doing business and evolving consumer behavior.

Corporate political disclosure hits its stride

Corporate spending on political contributions and lobbyingcan create reputational risks — especially when S&P 500companies spent more than $1 billion on these activities ford2010.

SEBI accords registration to India’s first social sector PEfund

The Securities and Exchange Board of India (SEBI) hasapproved registration to the country’s first social venturefund, Incube Connect Fund(Incube).

Govt to make water audit mandatory for companies

After tax audits and mandatory corporate social responsibilitynorms, the government is set to introduce water audit andyearly water footprint disclosures in annual reports amandatory feature for companies.

Mandatory Water Recycling Proposed

The government of Maharashtra, India’s second mostpopulous state and home to over 100 million people, isplanning to make it compulsory for companies to adoptmeasures such as water recycling and rain water harvesting.

80 Campuses Use Revolving Loan Funds for EnergyEfficiency Projects

The Campus Sustainability Revolving Loan Funds databasereleased by the Association for the Advancement ofSustainability in Higher Education (AASHE) with supportfrom the Sustainable Endowments Institute (SEI) revealshigher education as a leading sector for energy efficiencyinvestments.

India approaches 2017 clean energy goal with three yearboost driven by wind

India increased its clean energy capacity by 12.4 gigawattsover the past three years, which has edged it towards its goalof 30 gigawatts of clean energy power by 2017.Last year thegovernment announced a goal to reach 53,000 megawatts ofgenerated clean power, more than doubling its capacity by2017; this news shows we’re getting there.

IKEA to become 'water positive' by 2020

IKEA Group has revealed its new sustainability strategywhich includes measures to balance its water footprint andcontribute to the increased availability of clean water in thecommunities where it operates.IKEA says, by 2015, at least 95% of its co-workers, 95% ofits suppliers and 70% of consumers will view IKEA as a"good citizen in society and a company that takes social andenvironmental responsibility".

Public Environmental Concern at ’20-Year Low’.

The economic crisis and a lack of governmental leadership ongreen issues has driven concern about the environmentamong citizens around the world to 20-year lows, accordingto a multi-country poll by research consultancy GlobeScan.