Industria
Frost & Sullivan and TERI's Sustainability 4.0 Awards 2021 Honor Companies Embedding Sustainability with Economic Value Creation
received the Sustainable Corporate of the Year Award, while took home the Sustainable Factory of the Year Award. The evening's other big winner was which earned the Safety Excellence Award.
This year's Jury Special Mention Award went to for its initiative " for its initiative " and for "
The Sustainability 4.0 Awards program highlights the need for linkages between an organization's strategy, governance and financial performance and the social, environmental, and economic context within which it operates. This program enables businesses to make more logical and sustainable decisions that ensure long-term stakeholder value. It emphasizes the four pillars of sustainability:
said, "Frost & Sullivan and TERI's Sustainability 4.0 Awards follow an assessment methodology which is market-proven and provides insights to the participating companies to improve upon their processes and systems from a sustainability standpoint. The insights are primarily in 4Ps (purpose, people, partnership and planet), sustainability analytics (interweaving sustainability and data & analytics), and renewable energy consumption index. The companies which fared well in all of these parameters came out winners, and I would like to congratulate the winners of the 2021 edition of this award program."
, said, "As India rebounds from the COVID-19 pandemic, we cannot afford to ignore the adverse impacts of climate change and the threat it poses towards the country's future growth. 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 2050 timeline."
Dr. Dhawan added, "Businesses reflect the changing values and changing economics, which the world is currently witnessing, by focusing on resource efficiency and clean energy. As businesses carry out such initiatives, we need to make sure that others learn about them and the first-movers become the pioneers to inspire action by many. This fits with the ethos of our partnership with Frost & Sullivan. We aspire to have a larger number of companies in the country moving to structured sustainability programs."
said, "The Special Mention Awards and the process represent a fundamental transformation towards a truly sustainable economy and society, taking place across the world. The Jury Panel was impressed by the mindset that is emerging across the companies—the priority that the management is giving to going back to the basics, to rethinking how their enterprises must be run, to how they can make the transition speedily to a sustainable future.
India is on the cusp of a major transformation towards sustainability.
India being a developing country, the Indian industry has the possibility of using the late-mover advantage to leapfrog to the global frontiers as leaders in the transition to sustainability."
To know more about the awards and the methodology, please visit https://www.frost.com/events/sustainability-awards/https://bit.ly/39JkbLr. To schedule an interaction with our spokespersons, please email Priya George at priyag@frost.com.
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The Energy and Resources Institute (TERI) is an independent, multi-dimensional research organization with capabilities in policy research, technology development, and implementation. Headquartered in
New Delhi , TERI has regional centres and campuses in Gurugram, Bengaluru, Guwahati,
Mumbai , Panaji, and Nainital, supported by a multi-disciplinary team of scientists, sociologists, economists, engineers, administrative professionals and state-of-the-art infrastructure. The TERI Council for Business Sustainability serves as the interface for its research work to be connected to the corporate world. Set up by TERI to recognize and promote sustainability leadership practices, the Council is a network of Indian business leaders working on a shared commitment to mainstream sustainability in business strategies and practices. To know more – connect with us.
Priya George , Corporate Communications
P: +91 44 6681 4414
E: priyag@frost.com
:
P Anima, Media and Communications Lead
E: animap@teri.res.in
Sumit Bansal , Project Coordinator
E: sumit.bansal@teri.res.in
P: +91 1124682100
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