Mainstreaming Sustainability in Business Planning & Practices   Newsletter | July 2018       TERI Views   Editorial by Arupendra Nath Mullick, Vice President - TERI CBS     We look back with delight at our engagements with members of our Council in the first quarter of FY 18-19. Enthused participation of companies in the Council’s network contributed to the success of the Thought Leadership webinar series – which we started during the current financial year. Our cooperation with stakeholders in Japan and Netherlands, while aligned to the bilateral cooperation, urged Indian businesses develop solutions to tackle sustainability challenges. Two of our platforms - Energy Transition Commission India and Waste-Proofing the Future - have gathered momentum amongst the members. By addressing two key sustainability challenges of India viz. energy security and energy sustainability and closed-loop waste management, we indeed look forward to effective means to promote business solutions that will inflict transformational changes. Our Council for Business Sustainability serves as the interface for our research work to be connected to the corporate world and enables a two-way communication and engagement. TERI CBS engages with the core issue of what businesses must do to shape and lead in sustainability. We hope that the first newsletter for FY 18-19 provides you a bountiful reading. Please do reach out to us with your suggestions/feedback.     Shankar Venkateswaran: The Evolving role of the Chief Sustainability Officer in India     Indian companies have always recognised their responsibilities to communities and have acted on them well before CSR was mandated by law. However, environmental issues have tended to be seen from a compliance perspective.     Read More           Upcoming Event highlights   25 Jul | Webinar   Thought Leadership Webinar Valuation of Natural capital in the context of Indian Businesses Claim your spot     08 Aug | Webinar   Thought Leadership Webinar Circular Economy and Indian Businesses     25 Sep | TBD   Meeting of Chief Sustainability Officers' Forum Details to be announced         For further details on planned CBS engagements please click here       Around the World in Sustainable Development   People need to have a clear idea of the benefits Vikas Goswami of Godrej says the person leading sustainability efforts needs to ensure his/her vision is shared by the entire organization     The importance of a chief sustainability officer in business strategy Sustainability is about ensuring continuous business, and contributing to economic and social development, a healthy environment, and a stable society, says Yes Bank's chief sustainability officer Namita Vikas     There is very little talk about the impact of sustainability work Mahindra & Mahindra group’s chief sustainability officer Anirban Ghosh says we cannot continue doing business without taking into cognizance the impact of sustainability on society     CSR and the digital push to rural education CSR programmes implemented by organisations have been successful in fulfilling the aspirations of many students from remote areas.     Greenko raises $450 mn, to set up 11 GW integrated renewable projects Company recently acquired 1 GW projects of Gujarat-based Orange Renewables for $1 bn, making it India's second largest renewable company     'Go green' the new mantra for airlines The environmental impact of air travel is driving many airline companies to whittle down their carbon footprint and make flying more sustainable.     India is at start of e-mobility S Curve: ABB CEO Power and automation major ABB is upbeat about the e-mobility market in India and plans to expand its manufacturing facilities here to add fast battery charging solutions to its portfolio.     From ITC to Dabur, plastic waste control top priority for FMCG firms The government is now working on curbs for untreated plastic waste, mostly produced by FMCG entities       Highlights from Past Events     Webinar held on May 9th - Sustainability Trends 2018   The TERI CBS Webinar captures the Sustainability Super Trends of 2018 that - CEOs, Business Heads, Chief Sustainability Officers and/or such designated officers leading sustainability function - should be cognizant about.     Webinar held on July 11th - Sustainability in Supply Chains   To safeguard the global competitiveness, minimise risks and create long-term business relationships, it is important to achieve supplier's adherence to sustainability standards. This webinar provides practitioner’s perspectives of ABB India Limited, BASF on changing suppliers’ mind set by proving the sustainability business case.     India Sustainability Leadership Summit 2018   Eminent business leaders representing varied industry sectors from corporate India participated at the India Sustainability Leadership Summit themed 'Making Sustainability Business for All' - organized by TERI and Frost & Sullivan on 1st June 2018 in Mumbai       IN-FOCUS – Energy Transition Commission     'Better Energy, Greater Prosperity' - Energy Transitions Commission Report The report reflects a unique collaboration between the diverse members of the ETC, which brings together fossil fuels, power and industrial companies, alongside investors, environmental NGOs and researchers, from both developing and developed countries. The flagship report sets out achievable pathways to limit global warming to well below 2˚C while stimulating economic development and social progress.     'Transitions in Indian Electricity Sector' - TERI Report The Indian electricity sector is presently going through a major transformation. The accelerated pace of generation capacity addition over the past few years has led to a situation wherein the electricity supply potential is greater than the economic demand. TERI reports on all-India level demand projections up to 2029-30 and deliberates on the energy mix and renewable energy share in it.       Publications     Release of TERI Energy Data Directory and Yearbook (TEDDY) The 32nd edition of TERI Energy Data Directory and Yearbook (TEDDY) was launched in New Delhi on April 3 and provides companies with a compilation of energy and environment data from various government sources, policy documents and other secondary data       'Circular Economy - A business imperative for India' The TERI- YES Bank report offers a self-evaluation tool for business to optimize resources at product & organization level. The tool, names Materiality Circularity Indicator assesses Circularity at both - product and organization level, allowing businesses to align their performances in line with principles of circularity and highlight untapped opportunities.       ‘Electric Mobility Paradigm Shift: Capturing the Opportunities’ In collaboration with Yes Bank, this study identifies the barriers impeding the large scale adoption of the identified front runners in this segment. It also suggests policy and financial interventions required to upscale their adoption.       Copyright © 2018 TERI-Council for Business Sustainability The Energy and Resources Institute Core 6C, Darbari Seth Block India Habitat Center Tel.(+91 11) 2468 2100 and 41504900 | Fax (+91 11) 2468 2144 and 24682145 Email ID: businesscouncil@teri.res.in | Website: businesscouncil@teri.res.in   If you do not wish to receive this newsletter Click here