On 30th September 2022, Small Industries Development Bank of India (SIDBI) and Dun & Bradstreet signed a Memorandum of Understanding (MoU) to create the SIDBI -D&B Sustainability Perception Index (SIDBI – D&B SPeX) during an event held in Coimbatore, Tamil Nadu (TN).
- SIDBI and D&B also signed a MoU for developing and implementing the Index.
- It is India’s 1st Sustainability Index Dedicated to MSMEs (Micro, Small & Medium Enterprises).
- Dun & Bradstreet, the global leading provider of business decisioning data and analytics.
What is SIDBI – D&B SPeX?
i.It is a quarterly survey to provide valuable insights on adoption of an ESG (Environmental, Social, and Governance) framework by assessing the view points of businesses on different parameters. It will cover nearly 250 MSMEs every quarter from the D&B/SIDBI database of MSMEs.
- It will also capture feedback on specific events and policies, and will also cover the sectoral and sub sectoral perceptions/aspirations & preparedness.
ii.It will also assess the impact of regulations and government policy on environmental practices in the SME (Small & Medium Enterprises) sector.
iii.It will be presented as a quantitative measurement for policy makers to push businesses towards adopting an ESG framework in their business strategy.
iv.It envisages to establish the Indian economy and markets (especially mid-market segment) towards a sustainable future, attracting sustainable capital and investments.
v.It will enable MSMEs to integrate the responsible good practices within their operation as a part of national commitment on energy independence and carbon neutrality.
Recent Related News:
i.SIDBI and Open Network for Digital Commerce (ONDC), a pioneering initiative to democratize India’s e-commerce ecosystem, have signed an MoU to coordinate the operations of institutions involved in related endeavours.
ii.SIDBI has partnered with TP Renewable Microgrid
Ltd., (TPRMG), a wholly-owned subsidiary of Tata Power, to develop an innovative programme that will establish 1,000 green energy enterprises across India.
About Small Industries Development Bank of India (SIDBI):
Chairman & Managing Director– Sivasubramanian Ramann
Headquarters– Lucknow, Uttar Pradesh
About Dun & Bradstreet India:
Managing Director & CEO– Avinash Gupta
Location– Mumbai, Maharashtra