Frost & Sullivan and The Energy and Resources Institute (TERI) got together for yet another edition of the India Sustainability Leadership Summit 2020 and the 11th edition of Sustainability 4.0 Awards. Hosted virtually against the backdrop of extraordinary circumstances, the summit got stakeholders of the automotive industry to think beyond the Covid-19 induced setbacks. The summit, instead, put the spotlight on jump-starting the ‘Decade of Action’ for growth. Like every edition, the 2020 edition, as a platform, promoted sustainable business strategies for the long term. Averred Ajay Mathur, Director General of TERI - The Energy & Resources Institute, and a member of the Prime Minister’s Council on Climate Change, “Longer-term sustainability is only possible by building up linkages between the strategy of the organisation, its governance and financial performance, environmental, social, and economic governance. In other words, the entire ecosystem”. “Short-term profitability has to be nurtured together with the long-term sustainability for recovering from the pandemic today as well as to put us onto the path of a low-carbon future in a 2040 or 2050 timeline,” he stated.
Sustainability 4.0 Awards
Open to companies across manufacturing, logistics, hospitality, IT & ITES, KPO, BPO, banking, financial services & insurance, construction, telecommunications, and healthcare sectors in India and the Middle East, the Sustainability 4.0 Awards evaluation model comprised of four major parameters - people, planet, purpose, and partnership and 13 subparameters evaluated by a team of experts from Frost & Sullivan and TERI.
n Reliance Industries Limited, Navi Mumbai won the ‘Sustainable Corporate of the Year Award’.
Genpact India Private Limited, Gurgaon won the Leaders Award – Mega Large Business, Service Sector.
Henkel Adhesive Technologies India Private Limited, Navi Mumbai won the Leaders Award – Large Business, Process Sector.
Ramky Enviro Engineers Limited, Delhi won the Certificate of Merit – Challengers Category.
Faurecia Interior System India Private Limited, Pune won the Certificate of Merit – Safety Excellence.
Sustaining the transformation
Ambassador Ajai Malhotra, Advisor (Climate Change), Project Management Unit, TERI referred to the frailties, blaming the latter for contracting global economies, deepening existential divides, and the decline in global output, sparing none. “The World Bank estimates an additional over 49 million people to face extreme poverty. It makes attaining the Sustainable Development Goals (SDGs) a big challenge,” he opined. He cautioned that a global bounceback was crucial to stay on track to attain the SDGs. Sarwant Singh, Managing Partner and Regional Leader, Frost & Sullivan drew attention to recycling, refurbishing, remanufacturing, reuse and redistribution as crucial principles to be followed by the industry. To contribute to a circular economy, it is crucial to build upon the aforementioned principles right from the design stage, he said in accord with the industry views. “From day one of designing the products, you can achieve it over the lifecycle of a vehicle and the ecosystem, for instance. Suppliers, manufacturers, retailers down to the landfill waste management could contribute to a linear economy,” he expressed.
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