Frost & Sullivan and TERI Deliberate on Circular Economies and Sustainability Development Goals at the India Sustainability Leadership Summit 2017
The day began with the India Sustainability Leadership Summit hosted jointly by Frost & Sullivan and TERI. There were thought provoking plenary sessions on of ‘Circular Economies’ and on ‘Integrating Sustainability into Commercial Normality’, followed by actual examples of companies that are making headway in their journey towards sustainability and some upcoming and innovative technologies on green energy, microgrids and innovative solar heating.
The distinguished panelists represented policy makers, doyens in the field of sustainability and business leaders from renowned organizations like UNDP India, Ministry of Railways, Yes Bank, Ingersoll Rand, SIDBI, Reliance India Limited, Jain Irrigation, CLP Power, and Megawatt Solutions.
The plenary session chaired by Mr. Ajay Shankar, Former Secretary, DIPP, Ministry of Commerce & Industry threw light on aspects of responsible financing, and novel agricultural methodologies to enable water stewardship among farmers. Mr. G S Gill, Distinguished Advisor to TERI elaborated on various aspects that are considered while embedding SDGs as an integral part of the fabric of the organization.
The summit culminated in the awards night in the company of business leaders representing the manufacturing and service sectors. The grand awards night marked the celebration of the winners of this year’s Sustainability 4.0 awards with Mr. Ashok Chawla, Chairman, TERI welcoming all the delegates to the event. Mr. Raghavendra Rao, Sr. Vice President, Frost & Sullivan noted that the last few years have witnessed a positive rapid change toward adopting sustainability.
The banquet witnessed highly interactive and engaging participants from organizations that aim at adopting sustainable development practices at the core of their business strategy.
On the occasion, Dr. Ajay Mathur, Director General of TERI pointed out, “The growth of resource efficiency depends on both technologies and markets. In the last few years, we have seen how these new markets have exploded.” Congratulating the Award winners, he called upon Indian corporate leadership – “Many of you have pioneered converting what was yesterday’s waste, into what are today’s inputs into new products. This will lay the foundation for a healthy India and a healthy world.”
Discussing this year’s assessments, companies and increasing level of participation year-on-year, Mr. Y. S. Shashidhar, Managing Director and Partner – South Asia, Middle East & North Africa, Frost & Sullivan said, “India’s share in the global CO2 emission is just around 6% but the emission per capita has risen by almost 150% in last two and half decades. The challenge at hand is to manage our environment footprint while the Indian economic growth story continues. We are witnessing a spurt in investment and development of cleaner technologies over the last decade which is expected to drive the vision of a carbon neutral economy. We have also seen the evolution of new business segments as a result of climate change. Waste management industry in India itself, which was insignificant about a decade ago, is expected to be a $13 billion industry by 2025 as per research reports.”
The awards assessment framework has four major parameters and 13 sub-parameters, recognizing the efforts of front runners via a thorough benchmarking process. The model also takes into consideration global sustainability frameworks and future requirements of reporting. This year’s Sustainability 4.0 Awards were presented to companies in three major categories: Leaders, Challengers and Believers. Reliance Industries Limited received the highest recognition of – The Sustainable Corporate of the Year Award. Under the “Safety Excellence Assessments”, Tata Motors Limited received the highest honor of Safety Excellence Award – Overall Winner.
www.frost.com/sustainability or http://cbs.teriin.org/sustainability-awards.php. n the 2018 edition of the awards reach out to Mr. Srinidhi S. Rao at [email protected] and Ms Preeti Bathla at [email protected]
Recipients of the Sustainability 4.0 Awards 2017
|Sl. No.||Award Title||Winners||Location|
|1||Sustainable Corporate of the Year Award||Reliance Industries Limited|
|2||Sustainable Factory of the Year Award||ITC Limited – India Tobacco Division||Bengaluru|
|3||Sustainable Factory of the Year Award – 1st Runners Up||Mahindra & Mahindra Limited||Igatpuri|
|4||Leaders Award – Mega Large Business||ITC Limited – India Tobacco Division||Ranjangaon|
|5||Leaders Award – Mega Large Business||Bharat Aluminium Company Limited||Korba|
|6||Leaders Award – Large Business||United Breweries Limited||Golconda|
|7||Leaders Award – Large Business||Henkel Adhesive Technologies India Private Limited|
|8||Leaders Award – Medium Business||Johnson & Johnson Private Limited||Mulund|
|9||Leaders Award – Medium Business||UltraTech Cement Limited – Reddipalayam Cement Works||Ariyalur|
|10||Challengers Award – Mega Large Business||Hindalco Industries Limited|
|11||Challengers Award – Mega Large Business||Genpact India|
|12||Challengers Award – Mega Large Business||Yes Bank Limited|
|13||Challengers Award – Mega Large Business||Bharat Petroleum Corporation Limited – Mumbai Refinery||Mahul|
|14||Challengers Award – Large Business||Hindustan Coca Cola Beverages Private Limited||Ameenpur|
|15||Challengers Award – Large Business||ACC Limited – Gagal Cement Works||Barmana|
|16||Challengers Award – Medium Business||Dr. Reddy’s Laboratories Limited – CTO I||Hyderabad|
Recipients of the Safety Excellence Awards 2017
|Sl. No.||Award Title||Category||Winners||Location|
|1||Safety Excellence Award – Overall Winner||Mega Large||Tata Motors Limited||Pune|
|2||Safety Excellence Award – 1st Runner Up||Medium||Dr. Reddy’s Laboratories Limited – CTO I||Hyderabad|
|3||Safety Excellence Award – 2nd Runner Up||Medium||Johnson & Johnson Private Limited||Mulund|
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India #Sustainability Leadership Summit 2017
#Sustainability 4.0 Awards 2017
The Energy and Resources Institute (TERI) is a leading think tank dedicated to conducting research for sustainable development of India and the Global South. TERI was established in 1974 as an information center on energy issues. However, over the following decades, it made a mark as a research institute, whose policy and technology solutions transformed people’s lives and the environment. TERI’s key focus lies in promoting clean energy, water management, pollution management, sustainable agriculture and climate resilience. TERI’s Council for Business Sustainability connects its research work with the corporate sector. The Council guides the Indian corporates to frame and implement their sustainability agenda.