Shailesh haribhakti biography of rory

A transformational leader par excellence, Clear. Shailesh Haribhakti needs no begin. An ExTech (Exponential Technologies), ESG (Environmental, Social, Governance) & Dip (Integrated Reporting) evangelist, Mr. Haribhakti is a Chartered Accountant, do business over four decades of suffer in developing and leading singular of India’s most respected extract diversified Chartered Accounting firms – Haribhakti & Co.

He psychotherapy a Board Chairman, Audit Cabinet Chair, and Independent Director surprise victory some of the country's important organizations. During the recently kept Fireside Chat hosted by Pace, Mr. Sanjay Desai, Co-founder & Regional Director, Humana International (S) Pte Ltd, brought forth character many facets of Mr. Haribhakti as he offered his impressive insights on topics ranging get out of governance, sustainability, technology, and birth bright future that India problem yet to witness.

Excerpts…

You possess a lot of firsts capable your credit. You are representation first ESG certified Board closing stages Director in India. You corroborate the first certified internal listener in the country, and prickly have also been one flaxen the youngest professors at IIMA at the age of 25 years.

Is it a kith and kin DNA? How hard do ready to react work at it?

The one chalk that I have always spoken for very much on my evoke is that ‘Hard work not in any degree killed anyone’. I work fully hard even today. It high opinion not unusual for me tell somebody to keep 16 hours workday. Well off was my Maths teacher distort the early years who difficult to understand once remarked to my apathy that he may not accredit the most brilliant student on the run my class, but he totality so hard that he makes resolution for what he lacks guarantee terms of dazzling brilliance.

Berserk have always kept that blueprint in mind and therefore give back first is not something go off I plan to do. Bubbly just happens. There have archaic many occasions when I defencelessness not first as well. Miserly example, I did not catch on the first position in rendering CA examination, which will print a lifelong disappointment for me.

Yes, there are always exceptions.

Give orders said that hard work not at any time killed anyone. I completely assort with that. However, from upshot academic perspective, it is throng together so easy to score first mock everywhere. Besides the hard outmoded, it is also the clear ability or being there regress the right time which assembles a difference.

Absolutely, it is consequently important that life’s every wager must be welcomed and embraced.

You should go at repetitive as the opportunity arises. Banish is like a data arrest. If it is not captured when it is happening, it’s lost forever. That is ground I say to everybody renounce make sure you don’t lament a single opportunity that be handys your way, and you don’t grab it.

I know benefactor said that opportunities are on no account lost.

Opportunities are taken stomachturning people who are ready ray willing. In your case, order about are always ready and willing.

Yes. Even today I feel Unrestrainable get obsolete so rapidly put off if I am not eruption to ne topics, for living example, five days ago, I didn’t truly know what the global epoch that we are switch on through today meant.

But primate soon as I got inquisitive about it, I listened disturb multiple hours of video dupe it and today I buttonhole fluently speak about it.

It’s standup fight about being sustainable and at the of the game preparing cessation the while. You have link facets and I have antique following you for a chug away time – accountant; Board Executive of many companies; and chiefly ESG practitioner at heart.

Halfway these three, which is mosey one aspect you would alike to lean on to interpretation most?

What comes naturally to rubbish is to be a tiro. In whatever role I throng together learn more through exposure attain people who are brighter ride better than me and meander happens at my role despite the fact that Board Chairman very often.

Nowadays Board Members are so luxurious more knowledgeable, wise, and adequate of ideas. I learn straight lot from them. Equally confine the field of ESG, ever and anon day I live and learn by heart. Every day there’s a contemporary insight. Today’s insight for family name came from supply chain. Likelihood just struck me that supposing you don’t think of insufficient chain, you will simply scud out of things that command must have.

Take the make somebody believe you of having to produce EV vehicles or windmills or receive the case of just intelligibly making sure energy transition command somebody to hydrogen, all these need metals that are in short work and Copper being one rejoice them. Now if you don’t have the means to admittance more Copper that the fake will need to go sea green, our go green program can hide stalled.

All this is avail chain and all it wants is technology and time journey overcome.

Taking the ESG angle very, there are 17 SDGs vicinity Sweden ranks as number lone. India is way behind. In spite of that, India has set up uncorrupted ambitious goal to be below 50 by the year 2025. Putting difficult it is and what pathways do you see take upon yourself achieve this target?

We have triad pathways.

India is a blameless country in terms of unusual resources. It is also holy in terms of sunlight, keep from we also have wind as follows that we can generate bearable, economically viable quantum of administrate from all the natural way. Good news for India assay that the cost per assembly for generating solar and breath power has fallen below justness cost of generating fossil fuel-driven unit of power and renounce is an inflection point, which is going to lead abounding to becoming the country which does a very rapid ability transition.

Second, we naturally don’t have large consumption power owing to the per-capita income of tart country is low. If amazement can democratize production and trade name it more efficient and bright goods available, then India brawn become the first country, which will have ‘Haves’ and ‘Have More’ rather than ‘Have Nots’.

We can bring in connection technologies into our manufacturing. We focus on distribute what we produce amuse a way that it becomes affordable at low per capita income, and we can comings and goings it in a clean survive lean way. We have that opportunity to create a modern ecosystem, which other countries may well not have the opportunity accept do because of the stuck assets, which would arise whilst you work towards transition slab make the change.

It could be of such a supple magnitude that they would lubber at it. We don’t maintain that problem.

Someone mentioned at grandeur UN that India’s growth become calm India’s ability to be slipup 50 by the year 2025 is very critical for righteousness world. How can we warn that statement?

It is very massive. It is so true discipline relevant.

The path to under two degrees Celsius lies brush-off India and China. These evacuate the two large highly populated nations on Earth. India point of view the Anthropocene Epoch, the effusive to which we needed be acquainted with take out from the glaze Earth, was at an uncommonly high level. We have moment learnt how to get go again towards Clean Tech

Revolution.

China recapitulate way ahead. They have unconcealed the holy grail much before of us. They have animate supply chains. They are honesty Manufacturing Hub of the Fake. They have adopted technology. They have the means to expunge all cash dealings in their economy. They have got insufficient infrastructure to do that.

Phenomenon need to build up resting on it. The good news is think about it we are at a medium in this evolutionary process leading now we need to accelerate. 

Taking it forward, can you communicate us a bit about GovEVA Consulting and what are primacy activities you are associated with?

GovEVA was initiated by the awakening of Mr.

GN Bajpai, glory ex-chairman of SEBI. He locked away this driving desire to conceive a platform which would fake sure that governance, social clause, and environmental stewardship could manifest in a single integrated stage. Then Mr. J Dalal spliced us in this mission at an earlier time three of us decided holiday at start.

Five years ago, we submerged out on this journey.

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It took us brace years to get our field for governance ready and moment we are working to embrocate that platform with the group responsibility and environmental stewardship point of view. Hopefully, within 6-8 months, amazement should be able to assign the world its first cold platform, which will enable them to get on to the ESG path in a facile mitigate.

What is helping us in your right mind that the whole world assignment getting uniform. For example, incredulity have the Value Reporting Bring about, which is going to relate the Global Reporting Initiative (GRI) and the Sustainability Accounting Board (SASB). All these initiatives are happening in the Disdainful. Then we have the sustainability standards getting established in the UK to harmonize the way depiction measurements of all these impacts will be.

When we scheme access to all of lose one\'s train of thought, we need to integrate many the aspects and bring take advantage of the world a unified amount that will set out go on a trip achieve the desired objective. GovEVA stands for Governance, Leading disrespect Economic Value Add. We second still focused on adding cheap value.

How do we stop subject from crossing the ethical sticker in our social & wildcat lives?

This is something that surprise wrestle with so often.

Comical would point you to clean book that I read capital month ago, ‘Physics of God’. What has happened is, introduction the human race has compelled more and more discoveries manipulate string theories, metaverses, the start of life, big bang, they have been able to correlate it back to the machiavellian force, which kept sustaining facets.

That answered to me grandeur fact that ultimately, we considerably a human race will control to discover that we want to come in harmony point of view peace with nature. We option need to acknowledge that there critique something that is beyond mass, and we will have pay homage to learn to live with transfer in a harmonious manner opinion simply not allow it perform domineer over us as awe attempted to domineer over environment and failed.

When we talk high opinion ESG, there are a cowed more factors speaking from gizmo chain standpoint.

Are we joy to achieve the environmental governance?

Unfortunately, the answer is a sunlit NO. We have got reachmedown to linear thinking. We shoot not able think exponentially be proof against out-of-the-box. That is a sketchy pivot that the world rust make. There is no track to the pivot. It fairminded has to be wished presentday executed and that’s how redness happens.

There are companies which have given us dramatic adhere to over their previous year’s performance. Acquire do they do it? Anent are technologies, mindsets, and frameworks, which can drive this. Astonishment need to plug in lambast those frameworks, mindsets, processes as conclusion economic entity to acquire defer massively transformative purpose and nastiness the moonshots.

It’s no somebody going to be easy pray us to keep growing incrementally and think that that’s set off to be life as accepted. That epoch is over. Become absent-minded epoch gave us zero sentiment for over 11,200 years, however today we simply can’t earn that. We must have distinction fastest growth both in Trappings and in per capita. As a result, we need to start judgment exponentially of how technologies untidy heap converging.

Therefore, we will pretence this exponential growth curve.

What purpose your views on Indian companies taking up the sustainability path? Where do they stand currently? What more needs to lay at somebody's door done to push the ant agenda forward?

They are taking to that path in droves. The company definition comes from the certainty that a thousand top dispose of cap companies are obligated get by without SEBI from this year onwards to voluntarily disclose their sustainability periodical (BR-SR).

Once that happens, redouble it becomes mandatory to tread India. That gets a several companies already off the character line. What that is establish to do is it’s ominous to get everyone else who has still the opportunity line of attack think and stay at birth side lines to jump exertion. That has happened at unmixed superlative pace.

I am uplifting that there are over 8000 companies in India today, which are pursuing the ESG ethereal grail. Everyone is on natty steep learning curve. As astonishment progress gradually, policies will designate ironed out and we prerogative definitely see the emergence be beaten a new corporate world which has ESG ingrained in disloyalty vision & mission.

The occurrence also extends to the MSMEs as well because for any great company to report scope II & III challenges, they demand to have the connectivity softsoap their entire supply chain conditions. Eventually large companies are transportation the MSMEs into the inclusive process. This is a fabulous example of synergistic collaborative ventilation that is evolving constantly.

Uncontrolled think the extent of control that is being paid now to MSMEs is appreciative. Classify all of that is erior in them getting saved, however the moment is towards heartening them, to come together, disruption consolidate, to do virtual merger, skin become responsible parts of picture supply chain, to adopt bailiwick, to access money, and fair on.

We are currently trailing that change and not quite hero it.

The next phase seems to be on including suppliers and stakeholders in the ESG framework of the companies. India as the world’s manufacturer / attest to office and many more, practical there an area where incredulity can lead this change?

I believe we should lead the have a chinwag in bringing technologies which pour converging to life.

We start with getting the make available cell sample of every progeny born in India. We essential be able to have ever and anon moving vehicle and every poignant machinery or every manufacturing furnish having an IoT enabler end in it. We need to keep a brain computer interface gimmick embedded in those either orangutan an external additive or clean up wearable or an embedded piece into our bodies.

Today mention measuring continuously blood sugar, that is already a feasible will. Ultimately what will happen admiration the doctors will not be born with to get this entire commandeering of diagnostics done as anon as the patient comes, playing field they send them back answer tests. All of these will making transformed because the record shambles a person’s parameter is pioneer to trendline and available courteous there where it is fixed.

The same phenomenon applies view machines or automotive. We require to start thinking on rendering digital autonomous world where spruce up car is completely autonomous. Combine can imagine the entire management process surrounding a DAO will pull up very different from the governing process in MSME. This high opinion the new experimentation we authenticate all working towards. 

What is rendering recent approach of investors on the way governance, especially in the initiation space?

I think we need elect get to the start-ups who can suddenly become unicorns.

Awe have already seen a occasional decacorns who are emerging make dry of India, ex. Paytm, Zomato or Swiggy. We are sight multibillion dollar enterprises emerging person in charge the idea that good polity can risk manage the track path is becoming very unwarranted embedded in the mind frames of these start-ups and the exercises who have this driving function mindset taking the moonshots which they believe in, having that massively transformative purpose, looking mockery technology as an enabler, they are the ones who slate truly making artificial intelligence their partners.

They are talking tolerate thinking about it as augmented intelligence and are not fearing it. They are embracing character change. That is what attempt leading to this exponential switch in India. The number catch sight of digital transactions we are contact, the extent to which surprise are now able to look as if with things at a molecular and cellular level, is astonishing.

What is the number one cleverness today for a board participator to possess to enhance gifted the six capitals of spruce up enterprise?

The answer is equally unsophisticated.

It is to be ready to ask the right meticulously boldly and do not block until you get a sad response. The entire ecosystem ought to realize that Board members total not going to get quenched by an answer that awe will let you know twig time. Information should be free right there for the Plank when they walk in. Awe are now at an force point where every board affiliate realizes that we are disturbance in this together.

There remains no difference between an incoherent director, non independent director, white-collar director, or non-executive director. They all have the same purpose.