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MYDA GroupGROUP
Sustainability & ESG

ESG Strategy & Materiality Assessment

An ESG strategy built on real material issues, with KPIs your board can own.

Professional fee
From ₹1,50,000
Govt. fees extra
Turnaround
30–60 days
Working days, typical
Authority
MYDA Group (independent advisory), aligned to GRI Standards, ISSB IFRS S1 / S2, SEBI BRSR and the NGRBC principles
Validity
Strategy refreshed annually; materiality typically revisited every 2–3 years or on a major business change

Investors, lenders, large customers and SEBI now expect companies to show how environmental, social and governance risks are managed — not just described. We run a structured materiality assessment, benchmark you against peers and frameworks such as GRI, ISSB and BRSR, and deliver a 3-year ESG roadmap with targets, governance and a data architecture that makes every later disclosure easier.

Legal basis: Voluntary and market-driven frameworks: GRI Universal Standards 2021, IFRS S1 and S2 (ISSB), TCFD recommendations and the National Guidelines on Responsible Business Conduct (NGRBC), 2019; mandatory disclosure follows through SEBI BRSR for listed companies

Who needs it

  • Listed companies and IPO-bound businesses preparing for BRSR and investor ESG scrutiny
  • Suppliers to global brands asked to complete EcoVadis, CDP or customer ESG questionnaires
  • Companies raising capital from banks, PE funds or DFIs with ESG covenants or exclusion lists
  • Mid-sized manufacturers, pharma and chemical companies starting ESG from scratch and unsure what to measure
  • Groups that need a consistent ESG policy, governance and KPI set across multiple plants and subsidiaries
  • Boards that want ESG risks and opportunities integrated into enterprise risk management

Common in:Manufacturing & Industrial UnitsImporters & Brand OwnersPharma & ChemicalsReal Estate & Infrastructure

Documents required

  1. 1Current sustainability, CSR, EHS and HR policies and any previous sustainability or BRSR report
  2. 2Organisational structure, list of sites, subsidiaries and business segments
  3. 3Energy, water, waste and emissions data for the last 2–3 financial years
  4. 4Workforce data: headcount, diversity, safety statistics, training hours, grievances
  5. 5Customer and investor ESG questionnaires or rating agency feedback received
  6. 6Board and committee charters, risk register and code of conduct
  7. 7Supplier base overview and existing supplier code of conduct
  8. 8Access to senior management and functional heads for stakeholder interviews

Missing something? We help you obtain or regularise supporting documents before filing.

How we get it done

  1. 1

    Baseline and gap assessment

    Week 1–2

    We review existing policies, data and disclosures against GRI, BRSR and ISSB expectations and the ESG rating methodologies that matter to your investors and customers.

  2. 2

    Stakeholder engagement and materiality

    Week 2–5

    Structured interviews and surveys with management, investors, customers, employees and community representatives, scored into a double-materiality matrix of financial and impact significance.

  3. 3

    Peer benchmarking

    Week 4–6

    Your performance and disclosure maturity are benchmarked against Indian and global peers to set credible, ambitious targets.

  4. 4

    Strategy, targets and governance

    Week 6–8

    We define the ESG pillars, 3-year targets and KPIs, the governance structure (board oversight, ESG committee, owners) and the policy suite required.

  5. 5

    Roadmap and data architecture

    Week 8–10

    A phased implementation roadmap with data collection templates, roles and a reporting calendar is handed over, with a board presentation to secure sign-off.

If you don’t comply

ESG strategy is not itself a statutory requirement, but the absence of one shows up quickly: weak or inconsistent disclosures in BRSR, poor ESG ratings that raise cost of capital, lost tenders with customers that screen suppliers on sustainability, and governance findings during due diligence. For listed companies, inaccurate ESG disclosures made without a strategy and data trail carry enforcement risk under the SEBI LODR Regulations.

Why MYDA Group

  • Specialists, not generalists

    Environmental compliance is our only practice, so your file is handled by people who do this every day.

  • Fixed fee, written scope

    You know the professional fee and the statutory fees before we start. No surprise add-ons.

  • Inspection and audit-ready

    We prepare your site and team for the board visit or certification audit and attend it with you.

  • Lifetime reminders

    Every condition, return and renewal goes into your compliance calendar with alerts.

Frequently asked questions

What is a materiality assessment and why does it come first?

Materiality identifies the ESG topics that genuinely matter to your business and stakeholders — for example water stress for a textile mill or product safety for a pharma company — so that effort and disclosure focus on them. GRI, ISSB and BRSR all expect you to explain how material issues were identified, and a documented assessment is the foundation for every later report.

Which framework should an Indian company follow?

Listed companies must follow SEBI's BRSR format, which is built on the NGRBC principles. Beyond that, GRI remains the most widely used for impact reporting, while ISSB's IFRS S1 and S2 are increasingly expected by global investors for financially material sustainability and climate information. We design the strategy so one data set feeds all three without duplication.

How is ESG different from CSR?

CSR under Section 135 of the Companies Act, 2013 is about spending 2 percent of average net profit on social projects. ESG is about how the business itself is run — its emissions, resource use, labour practices, supply chain, board governance and risk management — and how those factors affect enterprise value. A company can be fully CSR-compliant and still score poorly on ESG.

We are not listed. Do we really need this?

Increasingly, yes. Large listed customers must report on their value chain under BRSR Core, banks and PE investors apply ESG screens, and export customers in Europe face the CSRD and supply-chain due diligence rules that flow down to Indian suppliers. Starting early with a proportionate strategy is far cheaper than responding to each questionnaire ad hoc.

Often needed alongside

Sustainability & ESG

BRSR & BRSR Core Reporting

SEBI requires the top 1,000 listed companies by market capitalisation to publish a Business Responsibility and Sustainability Report as part of their annual report, and the BRSR Core set of KPIs is being phased into reasonable assurance or assessment for progressively more companies. We collect and validate the data across all nine NGRBC principles, draft the report in SEBI's format, prepare the evidence trail for the assurance provider and align the disclosures with your GRI or ISSB reporting.

Starting price
From ₹1,25,000
Turnaround
30–60 working days

Sustainability & ESG

Carbon Footprint & Carbon Credits

A GHG inventory tells you where your emissions come from and is the starting point for BRSR Core, customer disclosures, net-zero targets and participation in the Indian Carbon Market. We build your Scope 1, 2 and 3 inventory under the GHG Protocol and ISO 14064-1, prepare it for third-party verification and advise on carbon credit opportunities — both under the compliance mechanism of the Carbon Credit Trading Scheme, 2023 and in voluntary markets.

Starting price
From ₹75,000
Turnaround
20–45 working days

Sustainability & ESG

Net-Zero & Decarbonisation Roadmap

A net-zero commitment is only credible when it rests on a verified baseline, science-aligned interim targets and a plan of abatement measures with capital, savings and timing. We model your decarbonisation levers — energy efficiency, electrification, renewables, process change, fuel switching and supplier engagement — and build a roadmap that can be validated by SBTi, disclosed in BRSR and ISSB reports, and tracked by your board.

Starting price
From ₹2,00,000
Turnaround
45–90 working days