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Mainstreaming Sustainability in Business
Planning & Practices |
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| Newsletter | December 2019 |
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| Editorial by Arupendra Nath Mullick, Vice President - TERI CBS |
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India’s interest to make green the growth story of future is clear. Indian industry has made important progress on energy and emission reduction in the past, primarily through energy efficiency of key industrial processes. This has helped industry maintain competitiveness and reduce emissions. However to meet stricter emission targets, more fundamental changes will be required to reduce emissions until 2050 and beyond. The Industry Transitions track aims to foster collaboration across industry verticals for a low emission industrial development in the long term, in a sustainable and cost-effective manner. The articulate address of Mr Mahendra Singhi, CEO & MD of Dalmia Cement (Bharat) Ltd and Co-Chair of TERI CBS Executive Committee at United Nations Secretary General’s Climate Action Summit echoes the support from Indian business community. The business case for energy transition in Indian industries as aptly discussed at a TERI CBS webinar.
Through our Future Unfolded series, we bring you short videos that address diverse issues – ranging from low carbon pathways to circular economy – in the context of sustainable development and business. It showcases ideas and insights of thought leaders, academics and contemporary industry champions. We hope these would become useful resources for you all to strengthen the narrative for urgent business action.
Our Council for Business Sustainability serves as the interface for our research work to be connected to the corporate world and enables two-way engagement. TERI CBS engages with the core issue of what businesses must do to shape and lead in sustainability. Activities of the Council are governed by an Executive Committee - comprising CEOs from amongst the member companies. To access the array of recorded webinar sessions, articles, blogs, and half-yearly report on our activities in FY 19-20, please visit our website http://cbs.teriin.org/
We hope that the newsletter provides a good and insightful reading for you. And we look forward to your suggestions and opinions. .
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| Blog by Mahesh Pratap Singh, Head of Sustainability and Social Responsibility, Flipkart Group |
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| Sustainability Officer’s role in the Services sector
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Upcoming Event highlights |
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India Industry Coalition - Key Event Highlight |
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| Indian Industry Coalition @ UNSG Climate Summit (23rd September 2019, New York) |
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On 23rd September 2019, the UN Secretary General convened the Climate Action Summit in New York. At the Summit, the Governments of India and Sweden led the 'Industry Transition' track, supported by the World Economic Forum (WEF).
From India, there was strong participation from leading companies and TERI CBS members, including Dalmia Cement and Mahindra Group. Dalmia Cement is world-leading in its ambitions on sustainability, where under the leadership of Mahendra Singhi (TERI CBS Co-Chair), who also gave a speech at the Summit, they have committed to be carbon negative by 2040.
TERI also played a role in supporting the Indian government in its preparation for the Summit, with a series of high-level meetings and workshops in the run-up to the event. This track aimed to facilitate action in the heavy industry sectors, namely iron & steel, cement, aluminium and petrochemicals, as well as heavy-duty transport, covering aviation, shipping and trucking.
To know more about TERI’s work, please visit the Industry Transitions webpage here.
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Latest TERI publications on Industry Transitions:
1. Understanding India's electricity sector transition to renewables
This discussion paper was presented at the Sustainable Action Dialogue: New York on 'Leadership Coalition on Energy & Industry Transition, organised by TERI on the sidelines of the United Nations Climate Action Summit 2019.
The paper aims to provide an overview of the emerging transition of the Indian power sector to higher renewables.
2. Decarbonisation of Indian industry: Transitioning to a cleaner economy
This discussion paper was presented at the Sustainable Action Dialogue: New York on 'Leadership Coalition on Energy & Industry Transition, organised by TERI on the sidelines of the United Nations Climate Action Summit 2019.
The paper sets out the current status of Indian industry and its need to transition to resource efficient, sustainable and low-carbon production in order to support future growth. It also discusses challenges that need to be overcome for the 'harder-to-abate' sectors such as iron & steel, cement (and concrete), petrochemicals, aluminium, fertilisers, and bricks.
3. Climate action: Industries need to be frontrunners for a low-carbon future
Industries have an important role in bringing about low-carbon growth and meeting climate goals. The presence of a number of industry representatives at the UN Climate Summit 2019 was a sign of an increasing recognition of their role in taking steps to control carbon emissions, especially in ‘harder-to-abate’ sectors such as cement, steel, aviation etc.
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Around the World in Sustainable Development |
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E-Waste Management in India: Challenges and Opportunities
Growth in the IT and communication sectors has enhanced the usage of the electronic equipment exponentially. Faster upgradation of electronic product is forcing consumers to discard old electronic products very quickly, which, in turn, adds to e-waste to the solid waste stream. The growing problem of e-waste calls for greater emphasis on recycling e-waste and better e-waste management.
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Green Education: Joining Hands to Address Climate Change
Tata Steel in association with TERI hosted a session at the UN Climate Change Conference in Madrid on building awareness in the community, especially the youth, and measures to be taken for imparting environmental values to the citizens of tomorrow.
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EVs can help curb vehicular emissions and improve air quality
The Government of Delhi had released the draft of Delhi Electric Vehicle Policy on November 27, 2018. Against the backdrop of the worsening air quality in the Capital, it's time to revisit this draft policy and explore measures that need to be addressed for the growth of electric transport infrastructure in the Capital.
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Converting waste into wealth is the new vision for India: Nitin Gadkari
Highlighting that nearly 65% of India's population is rural, Nitin Gadkari, Union Minister for Road Transport & Highways and MSMEs, said that creating employment for the rural, agriculture and tribal sector is a high priority for the government.
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Digital India has the potential to create a $1 trillion digital economy: Sanjay Dhotre
Sanjay Dhotre, Hon'ble Minister of State for HRD, Electronics and IT at the inaugural ceremony of the sixth International Conference on Digital Landscape 2019 organised by TERI in November 2019, spoke exhaustively on how digital transformation can help create an agile environment, elucidating it with the example of government's Digital India programme.
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TERI Council for Business Sustainability’s ‘Future Unfolded’ series addresses a variety of critical issues– ranging from low carbon pathways to circular economy- within the sphere of sustainable development. It showcases ideas, insights and essential commentary from some of the premier thought leaders, academics and industry champions of today. |
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