11 Motivators for Indian Companies to appoint Chief Green Officers

01)  Reserve Bank of India has taken the lead in ‘eTree Certificates’.

02) No more bouquet of flowers at Reserve Bank of India meetings and functions will be visible.

03) Instead, guests or participants will get ‘tree certificates’, as proof of trees having been planted on their behalf on the bank’s campus.

04) An IDBRT discussion paper also mentions about Chief Green Officers.

05) The paper outlines the responsibility of Chief Green Officers in Financial Institutions.

06) As the social awareness about Green initiatives is on the increase, Financial Institutions might add a condition in their loan agreement that corporate should have visible green initiatives.

07) Green is the way to safe-guard our environment.

08) Green is the way to hand over the earth to our future generations.

09) Chief Green Officers are expected to channelize the institutions Green efforts optimally.

10)  The spin-off for Financial Institutions appointing Chief Green Officers are immense.

11)  Chief Green Officers can play a positive role in corporate’s CSR activities being more meaningful. 

Applications invited for Chief Learning Officers for Indian Commercial Banks

            On 23/04/2014, RBI released the ‘Report of the Committee on Capacity Building in Banks and non-Banks’

            The report was placed on Reserve Bank of India’s website and the public have the option to submit their suggestions/comments on or before October 31, 2014.

Snailmail @ the Chief General Manager In-Charge, Reserve Bank of India, Department of Banking Operations and Development, Central Office, Mumbai

Email @ cgmicdbod@rbi.org.in

The above Committee was constituted by the Reserve Bank with the objective of implementing non-legislative recommendations of the Financial Sector Legislative Reforms Commission (FSLRC) relating to capacity building in banks and non-banks, streamlining training intervention and suggesting changes thereto in view of ever increasing challenges in banking and non-banking sectors.

The ambit of the Committee’s report is essentially human resource intervention that would be required for improving the efficacy and efficiency of personnel employed at various levels by banks and non-banking financial companies regulated by the Reserve Bank.

The most interesting recommendations of the Report are: -

1. Creation of position of “Chief Learning Officer” in banks and concept of return on learning
2. Entry point qualifications at recruitment stage, development of competency standards and certification/accreditation in various areas of training
3. Conducting a common Banking Aptitude Test (BAT) at entry levels.
4. eLearning as an important constituent for building capacity and imparting training

The Chief Learning Officer will be responsible for:-

• Leadership Development,
• Collaborative Learning across the organization,
• developing learning pedagogies tailored to the organization,
• measuring the quantum and quality of learning across the organization through various indicators,
• develop a Learnability Index for all personnel (i.e. a measure of the ability to learn of an individual) and apply that as an input into promotability,
• disseminate knowledge throughout the organization
• and continuously monitor and augment learning and sharing across the organization