In response to the increasing focus on sustainability and responsible business practices, IFCI Limited (IFCI) has launched ESG PRAKRIT, a comprehensive technology platform designed to assist banks, financial institutions, and corporates in managing their environmental, social, and governance (ESG) commitments. The platform aims to provide holistic ESG assessment, reporting, and advisory solutions, addressing the growing demand for integrated ESG frameworks amid evolving regulatory expectations. During the launch event, M. Nagaraju, Secretary of the Department of Financial Services (DFS) in India's Ministry of Finance, highlighted the significance of managing climate risk as a systemic concern in today's economy. He noted that ESG PRAKRIT is a timely initiative to bolster ESG compliance and sustainability reporting, in line with the vision for a developed India by 2047. Rahul Bhave, Managing Director and CEO of IFCI, reaffirmed the organization's dedication to sustainable growth and its role in contributing to India's economic development.