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Sustainability and Collaboration is the Way Forward to Address Changes in the Externalities of Business Environments Says Frost & Sullivan - At the India Sustainability Summit, various organizations from the Indian manufacturing sector were gathered under one roof to share their knowledge and experiences from their sustainability journey - Frost.com
Sustainability and Collaboration is the Way Forward to Address Changes in the Externalities of Business Environments Says Frost & Sullivan

 

PRZOOM - /newswire/ - Mountain View, CA, United States, 2015/07/24 - At the India Sustainability Summit, various organizations from the Indian manufacturing sector were gathered under one roof to share their knowledge and experiences from their sustainability journey - Frost.com.

   
 
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Best practices from companies across industries were shared along with strategic keynote presentations by industry stalwarts who play an integral role in the field of sustainability in India. The importance of risk management and mitigation was stressed upon at the Summit; this is crucial for the longevity of any business Sustainability and collaboration is the way forward to address radical and frequent changes in the externalities of business environments. The key takeaway from the Summit was to inculcate the concept of long-term thinking, involving risk management and mitigation, stakeholder engagement, and a broader perceptive of sustainability in the mindsets of Indian corporations.

Nitin Kalothia, Director, Manufacturing & Process Consulting Practice, Frost & Sullivan reiterated this in his keynote address. He highlighted that,“Sustainability is an indispensable part of being resilient, proactive, and progressive with changing times. Companies need to collaborate with its key stakeholders across the value chain to maximize the benefit of this initiative, stand-alone focus will not be sufficient”. He added “Organizations need to invest into sustainability projects with a long term focus and for doing that they need to have a medium to long term sustainability plan that will be the guiding document for seamless decision making”.

This year’s award model brought together experiences from the previous editions to include the concept of ‘shared value’ that involves creating economic value in such a way that it also generates value for all the stakeholders by addressing their needs and challenges. The reengineered model supports shared value by giving equal importance to creating partnerships with all those who have an interface with their organization.

In its second year, the Safety Excellence Model took companies through a detailed safety assessment built on five broad parameters (Safety Management Systems, Process Safety, Equipment Safety, Employee Safety, and Occupational Health). The highest scoring companies were recognized for ‘Excellence in Safety’ during the 2015 Green Manufacturing Excellence Awards banquet.

Frost & Sullivan strongly emphasizes a concise and structured framework that needs to be adopted by organizations in order to excel in their sustainability initiatives, evolving from long-term risk identification, building a sustainable supply chain, and understanding stakeholder requirements. Organizations need to balance their business' economic challenges with a sound and clear understanding of the environmental and social impact along with a concrete action plan for mitigating the same. Showcasing this concept were some presentations made by UltraTech Cement Limited, Dr. Reddy’s Laboratories Limited, Grasim Industries Limited, Schneider Electric India Pvt. Ltd., Mahindra & Mahindra, ITC Ltd., United Breweries, and Wrigley India Pvt. Limited. The topics covered ranged from Sustainability, Risk Management, and Product Life Cycle Management to Safety at the workplace.

Moving forward, Frost & Sullivan plans to increase the scope of these award platforms to cover service sectors as well, which would include Banking, Hospitality - Hotels and Tourism, Construction, Logistics, Social Sector - NGOs, and Airports. With this change, we also expect sustainability to gain a wider spectrum of visibility and enhance learning among corporates in India.

Recipients of the Green Manufacturing Excellence Awards 2015

Overall Leader Award

Company Name - Facility Location - Award
Bharat Petroleum Corporation Limited - Mumbai Refinery - Mahul - Overall Leader Award
Johnson & Johnson Limited - Mulund - Overall Leader Award - 1st Runner Up
Hindustan Unilever Limited - Barotiwala - Overall Leader Award - 2nd Runner Up
ITC Limited - Bengaluru - Overall Leader Award - 2nd Runner Up

Leaders Award

Company Name - Facility Location - Award
Mahindra & Mahindra Limited - Farm Equipment Sector - Nagpur - Leaders Award - Mega Large Business
ITC Limited - India Tobacco Division - Ranjangaon - Leaders Award - Mega Large Business
Hindustan Zinc Limited - Chanderiya Lead Zinc Smelter - Chanderiya - Leaders Award - Mega Large Business
Hindustan Unilever Limited - Haldia Detergent Factory - Haldia - Leaders Award - Large Business
ACC Limited - Lakheri Cement Works - Lakheri - Leaders Award - Medium Business

Challengers Award

Company Name - Facility Location - Award
Sesa Sterlite Limited - Jharsuguda - Challengers Award - Mega Large Business
Bajaj Auto Limited - Chakan - Challengers Award - Mega Large Business
Dr. Reddy's Laboratories Limited, FTO - 3 - Bachupally - Challengers Award - Mega Large Business
JSW Steel Limited - Vijayanagar - Challengers Award - Mega Large Business
Lakme Lever Private Limited - Gandhidham - Challengers Award - Large Business
UPL Limited - Unit 2 - Ankleshwar - Challengers Award - Large Business
Grasim Industries Limited - Birla Cellulosic - Kharach - Challengers Award - Large Business
UltraTech Cement Limited - Reddipalayam Cement Works - Ariyalur - Challengers Award - Medium Business
United Breweries Limited - Golconda - Challengers Award - Medium Business
Philips India Limited - Chakan - Challengers Award - Medium Business
Schneider Electric Infrastructure Limited - Vadodara - Challengers Award - Medium Business
Darjeeling Organic Tea Estates Private Limited - Ambootia Tea Estate - Darjeeling - Challengers Award - Emerging Business
Nilkamal Limited - Pondicherry - Challengers Award - Emerging Business

Challengers - Certificate of Merit

Company Name - Facility Location - Certificate Of Merit
ACC Limited - Sindri Cement Works - Sindri - Certificate of Merit - Challengers Category
Hindustan Unilever Limited - Mangalore Detergent Factory - Mangalore - Certificate of Merit - Challengers Category
Olam Agro India Limited - Varikoli - Certificate of Merit - Challengers Category
Sentiss Pharma Private Limited - Nalagarh - Certificate of Merit - Challengers Category
Sesa Sterlite Limited - Lanjigarh - Certificate of Merit - Challengers Category
UPL Limited - Unit 1 - Ankleshwar - Certificate of Merit - Challengers Category
Welspun India Limited - Anjar - Certificate of Merit - Challengers Category

Believers - Certificate of Merit

Company Name - Facility Location - Certificate Of Merit
Henkel Adhesives Technologies India Private Limited - Jejuri - Certificate of Merit - Believers Category
J. K. Ansell Limited - Aurangabad - Certificate of Merit - Believers Category
J. K. Cement Limited - Nimbahera - Certificate of Merit - Believers Category
JK Tyre & Industries Limited - Chennai - Certificate of Merit - Believers Category
Kariwala Industries Limited - Falta - Certificate of Merit - Believers Category
Kirloskar Ebara Pumps Limited - Kirloskarwadi - Certificate of Merit - Believers Category
Oil India Limited - Duliajan - Certificate of Merit - Believers Category
Raymond UCO Denim Private Limited - Yavatmal - Certificate of Merit - Believers Category
Sanofi India Limited - Verna - Certificate of Merit - Believers Category
Sanofi India Limited - Ankleshwar - Certificate of Merit - Believers Category
Schneider Electric India Private Limited- Power Factor Correction Unit - Bangalore - Certificate of Merit - Believers Category
United Breweries Limited - Bombay - Certificate of Merit - Believers Category
Usha Martin Limited - Ranchi - Certificate of Merit - Believers Category

Recipients of Frost & Sullivan’s “2015 Safety Excellence Award”

Safety Excellence Award

Company Name - Facility Location - Award
Johnson & Johnson Limited - Mulund - Safety Excellence Award - Overall Winner
Henkel Adhesives Technologies India Private Limited - Jejuri - Safety Excellence Award - 1st Runner Up
Wrigley India Private Limited - Bangalore - Safety Excellence Award - 2nd Runner Up

Safety Excellence - Certificate of Merit

Company Name - Facility Location - Certificate Of Merit
ACC Limited- Lakheri Cement Works - Lakheri - Certificate of Merit - Safety Excellence
Hindustan Unilever Limited - Haldia Detergent Factory - Haldia - Certificate of Merit - Safety Excellence
Hindustan Zinc Limited - Chanderiya Lead Zinc Smelter - Chanderiya - Certificate of Merit - Safety Excellence
Philips India Limited - Chakan - Certificate of Merit - Safety Excellence
UltraTech Cement Limited - Reddipalayam Cement Works - Ariyalur - Certificate of Merit - Safety Excellence
Wrigley India Private Limited - Baddi - Certificate of Merit - Safety Excellence

Business Standard was the National Newspaper Partner. Other Media Partners who supported this event were Autocar Professional, Chemical Weekly, Efficient Manufacturing, Energetica India, EcoConstruction India, Industrial Product Finder, Iron & Steel Review, Metal Asia, Manufacturing Today, Process India and Sustainability Next.

To know more about the Green Manufacturing Excellence Awards and its methodology, please log on to frost.com/gmea

To participate in our future editions or to know more about the summit, please send an email to Ravinder Kaur / Anita Chandhoke, Corporate Communications, at ravinder.kaur[.]frost.com / achandhoke[.]frost.com or write to us at gmea2015[.]frost.com with your full name, company name, title, telephone number, email address, company website, city, state and country.

About Frost & Sullivan
Frost & Sullivan (frost.com), the Growth Partnership Company, works in collaboration with clients to leverage visionary innovation that addresses the global challenges and related growth opportunities that will make or break today's market participants.

Our “Growth Partnership” supports clients by addressing these opportunities and incorporating two key elements driving visionary innovation: The Integrated Value Proposition and The Partnership Infrastructure.

The Integrated Value Proposition provides support to our clients throughout all phases of their journey to visionary innovation including: research, analysis, strategy, vision, innovation and implementation.

The Partnership Infrastructure is entirely unique as it constructs the foundation upon which visionary innovation becomes possible. This includes our 360 degree research, comprehensive industry coverage, career best practices as well as our global footprint of more than 40 offices.

For more than 50 years, we have been developing growth strategies for the global 1000, emerging businesses, the public sector and the investment community. Is your organization prepared for the next profound wave of industry convergence, disruptive technologies, increasing competitive intensity, Mega Trends, breakthrough best practices, changing customer dynamics and emerging economies?

 
 
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Sustainability and Collaboration is the Way Forward to Address Changes in the Externalities of Business Environments Says Frost & Sullivan

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