Environment depletion has been a serious concern for the world since past many years. In response to that, many organisations have taken several initiatives with the intension to deter the further damage to the environment. In our CSR column, we present to you the initiatives taken by Bill Forge and Tesco in the field.
We have chosen Environment and Sustainability as the theme for this month’s CSR contributions. Saving our Environment is our prime duty, however, as most of us assess, this tends to increase the manufacturing costs and ceases the manufacturers to remain competitive. This is probably one of the reasons that global organisations are not voluntarily resorting to environment-friendly practices and sustainability.
There are various directives and regulations that are being imposed by the Government, to force the businesses to become sustainable. Some of the research shows that sustainability leads to enhancing top-line and bottom-line returns, through innovative technologies developed through corporate brainstorming and research. There are certain organisations that have successfully utilised environment-friendly initiatives to aid them lowering their costs by reducing their inputs. There is a transformation that is seen in the corporate environment, which is the key to progress.
CSR has a pivotal role to perform in this area. It assists organisations to imbibe environment-caring attitude and sustainability into their culture thereby making every employee breathe it when (s) he is at work. This develops a conducive philosophy and enables him/ her to educate his surroundings both at work and off-work in terms of similar attitude. At large, this enables a social change, which in turn will lead a better tomorrow. Planting trees is one part of this endeavor whereas utilization of solar energy and electric energy is another dimension of it. We have compiled three such case studies from diverse organisations in this article which elaborate how these organisations have implemented their efforts and become a benchmark for others to emulate. Such efforts, we are sure, will help them in difficult economic times of today, when corporations are keen to boost profits and stay ahead of competition.
This story is from the December 2016 edition of industrial business MART.
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This story is from the December 2016 edition of industrial business MART.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
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Go Green
Environment depletion has been a serious concern for the world since past many years. In response to that, many organisations have taken several initiatives with the intension to deter the further damage to the environment. In our CSR column, we present to you the initiatives taken by Bill Forge and Tesco in the field.
Success: It Needs You
Road to success has never been so easy. One is bound to encounter ups and downs in this journey. Hard work, consistency, discipline are some of the factors that need to be practiced religiously in order to achieve success.
Rewrite Your Story
“She is free in her wildness; she is a wanderess, a drop of free water. She knows nothing of borders and cares nothing for rules or customs. ‘Time’ for her isn’t something to fight against. Her life flows clean, with passion, like fresh water.” – Roman Payne
CSR for Women Empowerment
Multitasking is the middle name of women and donning multiple roles comes naturally to them. Women with their spirit, strength and sensitivity are undoubtedly the backbone of any society. The competence shown in discharging their duties, care and compassion displayed in taking care of the family are the two sides of the same precious coin ‘ the woman’.
Visionary Budget, Vibrant Manufacturing!
The clarion of ‘Make in India’ laid the foundation for growth in Manufacturing. The sector has witnessed increased inflow of FDI since then; the sector is expecting more conducive tax structure and ‘Ease of Doing Business’ with the roll out of GST soon. Meanwhile, as a catalyst, the Union Budget 2017 has features in store for the manufacturing sector to provide it right impetus for continuous growth.
Government Initiatives for Better India
THOUGHTFUL, is one word which can be used to describe budget 2017. Aftermath of demonetization and subsequent cash crunch in the system lead to slow down in the economy, manufacturing sector also slowed down, quarterly result of companies were affected (with few exceptions). Finance Minister has tried to curb demonetization effect in this budget.
Electric Revolution: JBM Solaris Ecolife 9m
Electric Buses have overcome the ‘under development’ phase and have hit the market for practical use. Joining the diverse fleet of buses on road is the Ecolife 9 Electric bus by JBM, with promising features and a futuristic approach. Proclaimed to be emission-free and handy to the user, the bus guarantees a low operation cost.
Managing Inventory for Better Operational Efficiency
Inventory in manufacturing or production unit has both advantages and disadvantages for different departments. While Inventory has been shown as a burden on OPEX due to maintenance cost by some, some attribute virtues to Inventory as it offers better customer service by variety of choices, availability and low handling cost etc. While the excess or shortage of Inventory has definitely negative impact on business, a proper management of it can help in operational efficiency and better customer service
Patience & Passion Equals SWAYAM
How often does it happen that people hold on to their dreams till they have achieved it, enduring all the ups and downs? Well, here is a story of patience and passion that inspires us on many levels. One project, eight years and participation of more than 250 students! SWAYAM has earned it all and so have the minds behind it.
Age of Artificial Intelligence
It’s hard to know what to think about Artificial Intelligence these days. Almost everyone in the industry believes it to be a revolution as deep and as fundamental as the industrial revolution or the birth of the computer. Yet the field seems divided over when we will get to general intelligence and what that will ultimately mean for us. Some believe it will be our greatest invention yet and others that it may lead to our doom.
