New Delhi – The Federation of Indian Chambers of Commerce and Industry (FICCI) is organizing the second India Sustainability Conclave 2013 (ISC 2013) on February 25-26 at New Delhi. The two-day conclave has been designed to focus on emerging business sustainability issues in the Indian context with an emphasis on thought-provoking sub-themes, like – incentivizing sustainability through policy; making sustainability reporting a value-added proposition; and achieving balance between growth and sustainability.
ThinktoSustain.com is the Media Partner for the event.
Innovating or adopting sustainability practices requires a change in mind-set of all stake-holders – be it the top management, investors, government, employees or consumers. Stakeholders must be prepared to integrate corporate sustainability performance in their decision-making process. In order to achieve this situation, businesses need to communicate their value propositions clearly and strongly.
Sustainability reporting is just the beginning of the journey that offers the first set of opportunities for corporate to adopt sustainability values – transparency, disclosure and commitment.
There is considerable ongoing debate on whether the sustainability agenda be made mandatory or left as an element of choice. Whatever be the case, the end objective is to influence corporate behaviour to follow sustainability practices. In order to achieve this state of affairs, much is expected from the business world and policy-makers.
Business leaders have the option of taking the lead and setting new benchmarks through innovation. This would require a deeper introspection of prevailing business practices. Policy-makers would be straddled with the responsibility to create favorable conditions that motivate better sustainability performance.
“Creating sustainable business models that continuously strive to reduce, if not eliminate, the unwanted social and environmental impacts, would be the next big challenge for corporate leaders in the next ten years,” says G. V. P. Rajan, Vice President (Sustainable Strategies) at ThinktoSustain.com.
FICCI has played a lead role in voicing many such concerns in the past through its forums in “India Sustainability Conclave” that have witnessed participation from leading personalities from business, politics, policy, entrepreneurship, NGO domains.
According to Rita Roy Choudhury, Senior Director & Head – Environment, Climate Change & Renewable Energy at FICCI, “Corporate sustainability in a holistic sense would encompass not only minimizing/eliminating the adverse impact it has on society, environment and its financial bottom line, but also the delta it adds in terms of its positive impacts on the society and environment. Companies are increasingly weaving their corporate policies within the fabric of sustainability in order to add value to the society within which they operate.”
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A non-government, not-for-profit organization, the Federation of Indian Chambers of Commerce and Industry (FICCI) is the voice of India’s business and industry. FICCI has direct membership from the private as well as public sectors, including SMEs and MNCs, and an indirect membership of over 83,000 companies from regional chambers of commerce. For more information, visit www.ficci.com.
ThinktoSustain.com – a Sustainability News and Analysis website – is a leading online source of credible information on environmental sustainability catering to a global business and scientific community. Launched in 2009 by alumni of the Indian Institute of Management, Lucknow, India, the site is dedicated to popularizing sustainability initiatives and green innovations from all key sectors – corporate, development and academia. For more information, visit About Us.
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