Innovation and Growth for Sustainability

Essential mandate for ethical CSR Aditi Kapoor/Alternative Futures

NIILM-CMS, New Delhi 01 February 2013

Key Questions
Reducing

greenhouse gas emissions Meeting green building standards Redesign manufacturing and business process to reduce toxic emissions and hazardous & non-hazardous waste Sustainable HR policies Promoting sustainable lifestyle choices for employees (and clients) To convince you that all this works very well for businesses.

Reducing GHGs
Make

GHGs reduction a corporate policy; have targets; learn from others Mitsui, CISCO on transportation and energy-use in office; some examples:
Increase use of IT for in-city, inter-city and even international meetings; share documents virtually instead of sending them manually Switch to green fuels for office transport Invest in natural cooling methods to reduce AC use Subsidise car-poolers by providing free parking space; adopt differential transport allowance policy; rely on smaller, more fuel-efficient office

Focus

The Importance of Global Standards

ISO

Standards drive innovation and sustainability by being global tools for best practices ...they also demonstrate quality and inspire consumer confidence Global Compact Network, 10 Principles

UN

Global
Indian

Reporting Initiative making sustainability reporting a standard practice

Green Building Councils Leadership in Energy and Environmental Design (LEED-INDIA) Bayer, ABN-AMRO, Aircel, Ashok Leyland, Mahindra, Birla, CII, CISCO, etc National Voluntary Guidelines on Social, Environmental & Economic Responsibilities of

GOI

Be Sensitive to

Local knowledge and local traditions

green buildings of RMA Architects are relevant, sustainable and founded on local knowledge

Making the core business sustainable check supply chain & products/services
Recycling water by Pepsi/HULs 3P approach seeks to double business & reduce envtl impact , not Maruti (road saftey but no equity?) - 2012 eval study, DU [3P - people, planet & profits)

Voluntary reporting...it may become mandatory

100 top-listed entities must submit Business Responsibility Reports as part of annual reports (SEBI, Nov 2011)

Be socially aware understand equity, gender

IFMR Trust and financial inclusion; Accenture/ Infosys/ Earnst & Young

Creating an Envt of Sustainability

All departments equally important Build sustainability mindsets and skills, especially in leaders/managers (capacity
development, exposure trips [eg PwC], incentives, mentors, etc)

Add environmental & social goals to usual financial objectives & performance evaluation Reward green creativity, innovation Think out of the box eg. transport/roads for
women