DEWA supports the UN SDGs to prepare the next generation of sustainability leaders

The COVID-19 pandemic forced the global corporate community to react to the unforeseen. Also other challenges, such as global warming and extreme weather events have been pushing companies to prepare for risks other than only those of a purely financial nature. An integrated approach and sufficient focus is therefore key. For investors, the relevance and importance of environmental, social and governance (ESG) factors has never been more pressing. The 2020 EY global investment study revealed that no less than 98% of investors conduct a formal or informal review of non-financial disclosures, compared to only 64% in 2013. The extent to which businesses are prepared for ESG risks, plays a central role in an investor’s decision-making and long-term investment management.

The production-linked incentive (PLI) scheme for solar PV modules is a positive for domestic original equipment manufacturers and it would help improve cost competitiveness for the domestic industry, rating agency ICRA said on Monday. ‘The benefits available under the PLI scheme along with the imposition of basic customs duty (BCD) on imported solar PV cells and imported solar PV modules are likely to improve the cost competitiveness of domestic PV module manufacturers against imported modules by more than 10 per cent at the prevailing imported module prices, under assumption of backward integration up to cells,” it said in a statement.