The Indian Institute of Corporate Affairs (IICA), under the Ministry of Corporate Affairs, has formed a Core Working Group (CWG) on Corporate Affairs and Environmental, Social and Governance (ESG). The CWG will review corporate disclosures, board-level ESG oversight, and global best practices. Shri Gyaneshwar Kumar Singh, Director General & CEO, IICA chairs the CWG. Shri R. Mukundan, Managing Director & CEO, Tata Chemicals, will serve as Senior Expert Advisor. Members include Senior Leaders from IOCL, NTPC Ltd., Schneider, Infosys Ltd., Reserve Bank Information Technology Ltd., Aditya Birla Group, Reliance Industries, Tata Consumer Products, ONGC, Dr. Reddy's Laboratories, Tata Steel, Consultancy firms, Industry Experts & Academicians from IIM Bangalore and IICA. Prof. Garima Dadhich, Head, School of Business Environment (SBE), IICA, will serve as the Member-Convener. The School of Business Environment will function as the Secretariat to the Group and provide support. The CWG's terms of reference include examining disclosure provisions under the Companies Act, 2013, reviewing international best practices, making recommendations for board-level ESG oversight, converging Indian norms with global standards, creating stakeholder engagement frameworks, and enabling measures for innovation, financing, and impact assessment of ESG initiatives. This was posted on 26 SEP 2025 3:12PM by PIB Delhi (Release ID: 2171696).
Key Entities Referenced
Indian Institute of Corporate Affairs (IICA): An institute under the Ministry of Corporate Affairs that constituted the Core Working Group.
Core Working Group (CWG): A group constituted by IICA to review Corporate Disclosures, Board-Level ESG Oversight and Global Best Practices.
Ministry of Corporate Affairs: The government ministry under whose aegis the IICA operates and the CWG was formed.
Companies Act, 2013: The act under which disclosure provisions will be examined by the CWG.
ESG: Environmental, Social and Governance issues that the CWG will address
Ministry of Corporate Affairs
IICA Forms Core Working Group (CWG) on
Corporate Affairs and ESG under the Chairmanship
of DG, IICA
CWG to review Corporate Disclosures, Board-Level
ESG Oversight and Global Best Practices
Posted On: 26 SEP 2025 3:12PM by PIB Delhi
The Indian Institute of Corporate Affairs (IICA), under the aegis of Ministry of Corporate Affairs, has
constituted a Core Working Group (CWG) on Corporate Affairs and Environmental, Social and Governance
(ESG) under the Chairmanship of Shri Gyaneshwar Kumar Singh, Director General & CEO, IICA. This
was done in pursuance of the directions of the Ministry of Corporate Affairs (MCA). The Group has been
formed to facilitate structured consultation and decision-making on matters relating to corporate disclosures
and governance in alignment with global practices and national priorities.
The terms of reference of the CWG include examination of disclosure provisions under the Companies Act,
2013, review of international best practices, recommendations for board-level ESG oversight, convergence of
Indian norms with global standards, stakeholder engagement frameworks, and enabling measures for
innovation, financing and impact assessment of ESG initiatives.
The CWG is chaired by Shri Gyaneshwar Kumar Singh, Director General & CEO, IICA. Shri R. Mukundan,
Managing Director & CEO, Tata Chemicals will serve as Senior Expert Advisor. Members include Senior
Leaders from IOCL; NTPC Ltd.; Schneider; Infosys Ltd., Reserve Bank Information Technology Ltd.; Aditya
Birla Group, Reliance Industries, Tata Consumer Products, ONGC, Dr. Reddy’s Laboratories, Tata Steel;
Consultancy firms; Industry Experts & Academicians from IIM Bangalore and IICA .
Prof. Garima Dadhich, Head, School of Business Environment (SBE), IICA, will serve as the Member-
Convener. The School of Business Environment shall function as the Secretariat to the Group and provide
institutional and technical support.
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(Release ID: 2171696)