SUMMER INTERNSHIP PROJECT REPORT

On

Investment Research Domain Covering Aspect of

Environmental & Ssocial Governance (ESG)
At
SG Analytics

In the fulfilment of curriculum of

Post Graduate Diploma in Management
Batch 2019-2021

By
Mohit Moolchandani
Guided By
SB. Subramaniam
 DECLARATION

This is to declare that I Mohit Moolchandani student of International School of Business

and Media, batch 2019-2021 has given original data and information to the best of my

knowledge in this Summer Internship Report (SIP) on the project titled Investment

Research Domain Covering Aspect of Environmental & Social Governance (ESG) is

a record of independent work carried out by me under the guidance and supervision of

Dr./Prof SB. Subramaniam towards the partial fulfillment of requirement for the

PGDM program.

Signature of Student Mohit Moolchandani

Date 09/01/2020

Signature of SIP Guide

Date

Signature of Chairperson Academics

Date 09/01/2020

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 ACKNOWLEDGEMENT
The internship opportunity I had with SG Analytics was a great chance for learning and
professional development. Therefore, I consider myself as a very lucky individual as I
was provided with an opportunity to be a part of it. I am also grateful for having a
chance to meet so many wonderful people and professionals who led me though this
internship period.

I am using this opportunity to express my deepest gratitude and special thanks to Konica
Kothari who in spite of being extraordinarily busy with her duties, took time out to hear,
guide and keep me on the correct path and allowing me to carry out my project.

I also express my deepest thanks to Sourish Chatterjee, Project Manager for taking part
in useful decision & giving necessary advices and guidance and arranged all facilities to
make life easier. I choose this moment to acknowledge his contribution gratefully.

I am also very thankful to our respected President Dr. Pramod Kumar and the Placement
cell who gave us an opportunity to intern with SG Analytics.

A great deal of thanks to my mentors Professor SB Subramanium and Professor Mahesh

Rengutwar along with all the faculty member for imparting knowledge and motivating
me.
I perceive as this chance as an enormous milestone in my career development. I will be
able to try to use gained skills and information within the absolute best manner, and that I
can still work on their improvement, so as to achieve desired career objectives. Hope to
continue cooperation with all of you within the future.

Mohit Moolchandani
20192228
ISB&M, Pune

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TABLE OF CONTENT
DECLARATION.................................................................................................................2
ACKNOWLEDGEMENT...................................................................................................3
EXECUTIVE SUMMARY.............................................................................................5
INDUSTRY PROFILE....................................................................................................7
CHAPTER 3....................................................................................................................9
COMPANY PROFILE..................................................................................................10
CHAPTER 4..................................................................................................................11
PROJECT OBJECTIVE................................................................................................12
PROJECT OBJECTIVE/ TASK UNDERTAKEN.......................................................12
CHAPTER 5..................................................................................................................13
METHODOLOGY........................................................................................................14
CHAPTER 6..................................................................................................................15
DATA ANALYSIS AND INTERPRETATION...........................................................16
CHAPTER 7..................................................................................................................17
RECOMMENDATIONS...............................................................................................18
CHAPTER 8..................................................................................................................19
CONCLUSION..............................................................................................................20
CHAPTER 9..................................................................................................................21
BIBLIOGRAPHY..........................................................................................................22

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CHAPTER 1
EXECUTIVE SUMMARY

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 EXECUTIVE SUMMARY

The 3-months and 2 weeks Summer Internship Program at SG Analytics for Higher
Education is a vital part of the 2-year PGDM Course. Since new to the corporate world
without any prior work experience, the Summer Internship adds worth to my CVs by
giving immense learning.

This report consists of the project details allocated to me during 3 months 2 weeks’
summer internship at SG analytics. I have worked in ESG project in this project I was
working under Governance team. The Governance team further divided in three pillars
which are Board, Pay, Ownership Team. I was working under Board team.

The report summarizes the project that were allotted to me and the learning that I took
out of the project. This reports contains all the data points that are from the open
sources and none of SG Analytics data has been disclosed as a part of company policy.

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 CHAPTER 2
INDUSTRY PROFILE

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Environmental, Social, Research (ESG)
Research

ESG stands for Environmental, Social, and Governance. Investors area unit more and
more applying these non-financial factors as a part of their analysis method to spot
material risks and growth opportunities. ESG metrics don't seem to be normally a part of
obligatory monetary news, although corporation’s area unit more and more creating
disclosures in their annual report or in an exceedingly standalone property report.
various establishments, like the Sustainable Accounting Standards Board (SASB), the
Global Reporting Initiative (GRI), and CDP area unit operating to create standards and
outline materiality to facilitate incorporation of those factors into the investment
method.

GROWTH OF ESG INVESTING

ESG is growing in significance amongst both institutional and retail investors. The
practice of ESG investing began in the 1960s as socially responsible investing, with
investors excluding stocks or entire industries from their portfolios based on business
activities such as tobacco production or involvement in the South African apartheid
regime.

ESG investments accelerated in 2013 and reports indicate that between 2014–16,
corporations that performed well on ESG parameters accomplished higher monetary
results further. ESG compliance goes to become progressively} necessary because the
effects of the climate crisis ar felt and accepted more.

Today, ethical considerations and alignment with values remain common motivations of
many ESG investors but the field is rapidly growing and evolving, as many investors look
to incorporate ESG factors into the investment process alongside traditional financial
analysis.

In recent years, institutional investor adoption of ESG and the subsequent growth in ESG
assets under management has accelerated. While much has contributed to this growth,
we focus on three primary drivers of ESG investment

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 CHAPTER 3
COMPANY PROFILE

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 COMPANY PROFILE

SG Analytics is a leading provider of data-centric research and contextual analytics

services globally to companies across BFSI, Media & Entertainment, Technology &
Healthcare sectors including Fortune 500 companies. The company has presence across
7 locations in the USA, Europe and India.

SG Analytics provides analysis services that gauge the property impact of securities
across multiple quality categories, in addition as reputational risks of investments. we
have a tendency to conduct this analysis by victimization each standardized ESG analysis
methodologies and custom methodologies.

SGA’s ESG research and consulting services help corporates institutionalize sustainable
performance and enable investors to make responsible decisions. As an ESG consulting
partner, SGA provides end-to-end support to our clients, globally. SGA assess and
benchmark sustainability performance, bridge gaps, monitor progress, and provide
regular reporting using interactive dashboards. SGA’s goal is to increase the ROI of the
company’s sustainability initiatives.

Vision:

“To enable positive change by collaborating with our customers, fellow SGA’ites and
society.”

Mission:
“Constancy of purpose: We align all our individual efforts to deliver quality service.”

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 CHAPTER 4
PROJECT OBJECTIVE

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 PROJECT OBJECTIVE/ TASK UNDERTAKEN

My Roles and Responsibilities

I. Assess the impact of every material issue and provide consultation to overcome
these.

II. Conduct corporate governance research & analysis of companies across multiple
sectors

III. Analyse the Annual Reports, CSR reports, Proxy Statement and Articles of a company
to fetch information with related to corporate governance- Related Data

IV. Understand and analyse company policies, Processes and Commitments towards its
shareholders and other indirect investors and stakeholder.

V. Representation of adequate number of non-executive directors and independent

director who will take care of interest of shareholders.

VI. Monitors the functioning of the management team.

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 CHAPTER 5
METHODOLOGY

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 METHODOLOGY

Objective of Secondary Research

 Understand and analyse the company policies, processes and commitments

towards its shareholders and other indirect investors and stake holders.
 Gather and understand the information related to ESG of the companies for the
investor who are interested in ESG investing.
 To analyse the report of the companies from the ESG perspective for the
investors who increasingly apply these non-financial factors as part of their
analysis process to identify material risks and growth opportunities.
 Conduct the corporate governance research and analysis of the companies
across multiple sectors.
 Study and analyze the Annual Reports, CSR Report, Proxy Statement and Articles
of a company to fetch information with regards to Corporate Governance-
related data.

SCOPE OF THE STUDY

 The study covers the ESG regulation of the companies for the purpose of ESG
investing.
 Board team analysis covered the details related to the Corporate Governance of
the companies which include the Board structure, information about its directors
about its directors and executives, their relation with the company and details
pertaining to the committees of the company.
 The research or the analysis of the companies is limited to the publicly available
data of the company.

 To evaluate the implementation of Corporate Governance Code by assessing

corporate governance score.

SOURCES OF DATA

 Press Release of the company

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 Annual General Meeting

CHAPTER 6
DATA ANALYSIS AND
INTERPRETATION

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 DATA ANALYSIS AND INTERPRETATION

In MSCI we used to profile the company and import the data from annual report,
proxy statement, AGM notice & Financial Statement and for Fixed Income
company we use the Financial Statement and Company Website.

For profiling we use to import the data in various tabs, which are:

1) Company Tab
This company Tab contains various information where we have to fill the required
fields
I. Company Short Name
II. Filing Date and Proxy
Date
This tab contains the annual report releasing date & also the publish date of AGM
notice by the company in the press release.
III. Filing Type
This tab contains the document which we are referring for profiling the company.
IV. Audit Responsibility
This tab contains the information regarding the audit responsibility for the
company. For example, in some company there is Audit Board and in some
company there is Audit Committee. So we have to choose accordingly.
V. Company Secretary and
General counsel
This tab contains the name of Company secretary and General Counsel. They are
the people who looks into legal matters of the company

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 CHAPTER 7
RECOMMENDATIONS

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 RECOMMENDATION

 For learning perspective, we were trained for only 1 pillar so we can be trained
for 2 pillars as well for better understanding how to come at end result.

 I think they can improve the training program for better understanding of
concept with more experienced trainer.

 More flexibility can be done in communication with senior and management

level.

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CHAPTER 8
CONCLUSION

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 CONCLUSION

 The objective of the study was corporate governance research and analysis of
the companies across multiple sector and by doing that we observed different
workings of different companies as companies’ policies differ from company to
company.
 Get to know about third party transaction and its impact in company decision.
 Companies with different policies have different parameters for outside related
reasons, Board structure, Independent and non-independent directors meaning
etc.
 MSCI relies on the information provided by the SG analytics to measure the
performance of the various companies.
 Secondary Research is very important as it provides information related to
company after properly analysis of the report related to the company.

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 CHAPTER 9
BIBLIOGRAPHY

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 BIBLIOGRAPHY (APA STYLE)

Reports: Annual Reports

Links:
 https://www.sganalytics.com/about-sga/

 https://www.tofler.in/sg-analytics-
privatelimited/company/U74140PN2007PTC145594
 https://www.sganalytics.com/blog/services/investment-research-
services/ethical-capital-esg-trends-in-global-investment-research/#:~:text=In
%20the%20ESG%20research%20space,research%20methodologies%20and
%20custom%20methodologies.
 https://www.sganalytics.com/esg-consulting/
 https://www.investopedia.com/terms/e/environmental-social-and-governance-
esg-criteria.asp
 https://www.sganalytics.com/team/

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