India: A Testament to Democracy & its ESG principles
Remasankar Sivasankaran Nair
Vice President & Advisor - Global Client Engagement
The 2024 Indian general election underscores the power and significance of democracy through participation, representation, and accountability. This election saw the highest voter turnout in India's history, with 50% of the voters being women, highlighting the robust engagement and fairness in the democratic process.
Key Statistics:
Population: 1.44 Billion
Eligible Voters: 968 Million
Voter Participation: 642 Million
Women Voters: 312 Million (50%)
The record participation of 312 million women voters and a significant turnout of youth underscore the inclusive nature of democracy, emphasizing that every citizen's voice matters.
Election Outcomes and Governance
The formation of a coalition government reflects the necessity of collaboration and compromise in a democratic setup, ensuring that diverse perspectives are considered in governance. This inclusivity is crucial for balanced and representative decision-making.
Commitment to ESG Principles
India's commitment to achieving net-zero emissions by 2070, promoting renewable energy, improving social infrastructure, and ensuring transparent governance demonstrates the country's dedication to Environmental, Social, and Governance (ESG) principles.
领英推荐
Environmental Initiatives
Solar Power: With an installed solar power capacity exceeding 60 GW, India ranks among the top five solar power producers globally. The International Solar Alliance (ISA) is an initiative by India to promote solar energy worldwide, aiming to mobilize $1 trillion in investments by 2030.
Electric Vehicle (EV) Adoption
From April 2023 to March 2024, India sold 1.68 million electric vehicles, with two-wheelers comprising 85-90% of the sales.
The government aims for 30% of private cars, 70% of commercial cars, and 80% of two- and three-wheelers to be electric by 2030. As of March 2024, the penetration rate for electric two-wheelers reached 9.1%.
Challenges Ahead
Despite these advancements, challenges such as land acquisition, grid integration, and financing remain. Addressing these issues is essential for sustaining the momentum in renewable energy and EV adoption.
This election and India's ongoing efforts in sustainability reflect the country's progress and commitment to a democratic and environmentally responsible future
Ref
?