IRM IndiaAffiliate has signed a memorandum of understanding (MoU) with UltraTech CementLimited (UltraTech). IRM is the world’s leading professional body for ERMqualifications across 140+ countries. Both organisations will work towardsenhancing ERM and risk intelligence in the Indian cement sector. Additionally,Atul Daga, Executive Director and CFO of UltraTech, has joined IRM IndiaAffiliate’s Strategic Advisory Board to further guide the institute’s strategyand vision.

As a partof this knowledge partnership, both IRM India Affiliate and UltraTech Cementwill be organising webinars, roundtables, industry meetings, and thoughtleadership articles towards knowledge building for the sector.

Elaboratingon the collaboration, Hersh Shah, CEO, IRM India Affiliate, said: “UltraTechCement has well defined ERM and Environmental, Social, and Governance (ESG)processes in line with international standards and has also institutionalisedsustainability across its value chain future proofing its business. Ourassociation with UltraTech Cement will set the stage for enhancing risk culturein the building materials sector through sharing of best risk practices acrossplatforms.”

Added AtulDaga, Executive Director and CFO, UltraTech Cement, “Risk management is key tobuild a sustainable business. UltraTech has developed comprehensive riskmanagement framework and integrated ESG into its ERM process. We are delightedto partner with the Institute of Risk Management to further strengthen ourenterprise risk management process and build a risk awareness culture for theindustry.”