CHALLENGES AND BENEFITS GREEN ENTREPRENEURSHIP CHALLENGES Attitudinal Important JourneyAwareness to Consciousness to Mindfulness Lack of Sensitivity to Environment and Societal Impact ID: 1028770
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1. GREEN ENTREPRENEURSHIPCHALLENGES AND BENEFITS
2. GREEN ENTREPRENEURSHIPCHALLENGESAttitudinalImportant Journey-Awareness to Consciousness to MindfulnessLack of Sensitivity to Environment and Societal ImpactInitial Investments Looked Upon as CostsLong Term Benefits not ConsideredConcept of Sustainability Not Fully UnderstoodRole of Governments, International Organisations, Regulatory Bodies, Large Corporations, SMEs, NGOs, Educational Institutions, Media, Customers, Competition and Individuals is either Unclear or Lacks the Passionate Effort Needed to Work as aTeam 2
3. 3The New Law of Spiritual Economics Needs More Publicity, Awareness and Following : “VALUES OF ENTERPRISE EQUALS ITS VALUATION ON CAPITAL MARKETS”Values mean Creating Abundance on Societal, Environmental and Financial Domains also Known as Triple Bottom Line Effect (John Elkington) Or Sustainable Development.Sustainable Development is a Development that Meets the Needs of Present Without Compromising the Ability of Future Generations to Meet Their NeedsGREEN ENTREPRENEURSHIPCHALLENGES
4. 4Conservation of Critical Resources like Water, Energy along with Recycling and Recovery of Pollutants from Waste not only Contribute to Cleaner Environment but also Higher Profitability of OperationsNeed for Conservation Invariably Promotes a Spirit of Innovation that very often creates better Product Quality through better ProcessesBetter Value Creation for Customers Creates Profitability, Which in Turn Creates Better Shareholder ValueTriple Bottom Line Effect Creates Positive Connect with Society and the Goodwill at large bringing in New Customers While Retaining the Existing OnesGREEN ENTREPRENEURSHIPBENEFITS
5. 5Ability to Attract Best Quality EmployeesImproved Relations with Regulators and Legislators making Corporate Operations Much EasierGreater Attractiveness to InvestorsNetworking with NGOs, Governments, International Organisations Create Helpful links in Addressing Other IssuesA Sustainable Business Translates into Long Term Growth and Progress for Everyone connected with itTax Benefits and SubsidiesCarbon CreditsGREEN ENTREPRENEURSHIPBENEFITS
6. 6TRIPLE BOTTOM LINE EFFECTS OR SUSTAINABILITY GOALS AND CHALLENGESReduce – Reuse – Recycle MantraImproving the Environmental Footprints of Products through Greater use of Recycled Materials, Reducing Packaging Waste, Energy and Water ConservationDeveloping New Products to Help Reduce Social or Environmental ProblemsActing to Enhance the Impact of the Organisation on the Community around OperationsImproving the Impact of the Organisation on the Environment around its Operations
7. 7Reducing GHG Emissions, Waste and PollutantsWorking with Governments to Promote Sustainable Development in the Country you Operate inImplementing Stronger Controls over Suppliers on Enforcing Human Rights as well as Environmental StandardsCommunicating an Organisation’s Performance on Sustainability to Investors and StakeholdersIncreased Representation of Women and Ethnic Minorities in Top ManagementTRIPLE BOTTOM LINE EFFECTS OR SUSTAINABILITY GOALS AND CHALLENGES
8. Revise and Tighten Controls to Support Ethical Business Dealings to Avoid Allegations of Corrupt PracticesEstablish and Enforce Policies for Ethical Investment and PurchasingEncourage Employees to Support the Community Schemes with their SkillsIncreased or Redirected CharityTRIPLE BOTTOM LINE EFFECTS OR SUSTAINABILITY GOALS AND CHALLENGES
9. Triple Bottom Line (TBL) encompasses people, planet and profit which are regarded as "three pillars of sustainability"SUSTAINABILITY & TRIPLE BOTTOM LINESustainabilitySustainability: Introduction and ConceptTriple Bottom LineTBL: Introduction and ConceptTBL ReportingCase StudyITCSuzlonTCS3M
10. Sustainable business is an enterprise that has minimal negative impact on the global or local environment, community, society, or economySUSTAINABILITYBusiness case for sustainability increase revenue, reduce energy expenses Transparency engaging and open environment in the company Stakeholder engagement to understand impacts and concerns Thinking ahead upgraded technology & throw away old materials“Corporate sustainability is a business approach that creates long-term consumer and employee value by creating a "green" strategy aimed toward the natural environment and taking into consideration every dimension of how a business operates”
11. “TBL is an accounting framework that incorporates three dimensions of performance: social, environmental and financial”TRIPLE BOTTOM LINEPillars of Triple Bottom Line“TBL dimensions are also commonly called the three Ps: people, planet and profits”
12. There is no universal standard method for calculating the TBL. Neither is there a universally accepted standard for the measures that comprise each of the three TBL categoriesTBL REPORTINGProfitTaxesWagesEmploymentRevenue per sectorHealthCultureCommunityEducationHousehold IncomeEnergyAir/WaterGreen PolicyPollutantsWaste ManagementGlobal Reporting InitiativeGRI helps businesses, governments and other organizations understand and communicate their impacts on issues such as climate change, human rights and corruption.Toyota created the hybrid gas/electric car the ‘Prius’, which helped Toyota break into the big 3 car manufacturers in USExamples of GRIIncreased market share and supported healthier lifestyle habits by purchasing Quaker oats
13. ITC has made a far-reaching contribution to the national cause of livelihood creation, particularly in rural IndiaCASE STUDY- TBL & SUSTAINABILITY AT ITC Social ForestrySoil and Moisture ConservationHealth & SanitationLivestock DevelopmentEducationSolid Waste ManagementCorporate Social ResponsibilityEnergy Conservation and Renewable EnergyWater ConservationWaste RecyclingGreenhouse Gases and Carbon SequestrationEnvironment, Health & SafetyPromoting Thought Leadership in SustainabilityCII-ITC Centre of Excellence for Sustainable DevelopmentThought Leadership for Economic Prosperity
14. CASE STUDY : ITC
15. CASE STUDY : ITC
16. CASE STUDY : ITC
17. ITC E-CHOUPALDEVELOPINGRURAL MARKET e-HUB
18. e-CHOUPAL-THE IDEAe-Choupal is an initiative of ITC Limited, a conglomerate in India, to link directly with rural farmers via the Internet for procurement of agricultural and aquaculture products like soya-beans, wheat, coffee, and prawns.
19. WHY e-CHOUPAL?
20. CONVENTIONAL SUPPLY CHAIN
21. e-CHOUPAL ADDING VALUE TO SUPPLY CHAIN
22. CONVENTIONAL Vs e-CHOUPAL MARKET COST ANALYSISCOST ELEMENTCONVENTIONAL MARKET E-CHOUPAL TROLLEY FREIGHT TO MANDI100Nil FILLING & WEIGHING LABOR70Nil LABOR KHADI KARAI 50Nil HANDLING LOSS 50Nil COMMISSION TO AGENT 10050COST OF GUNNY BAGS75NilLABOR (STITCHING & LOADING)35NilLABOR AT FACTORY (UNLOADING)3535FREIGHT TO FACTORY250100TRANSIT LOSSES10NilGRAND TOTAL755185% OF TOTAL SOYA-BEANS COST8%2%
23. EHS CERTIFICATIONS ISO 14001: Environment Management System Manufacturing units and Hotels of ITC (except new commissioned units; ITC Grand Bharat, My Fortune, Bengaluru and Foods unit at Malur) and the ITC Life Sciences & Technology Centre at Bengaluru. OHSAS 18001: Occupational Health & Safety Management Systems Manufacturing Units of ITC (except the newly commissioned Foods Unit at Malur) SA 8000: Social Accountability Leaf processing plants at Chirala, Anaparti and Mysuru, Cigarette factory at Kolkata, Packaging and Printing Unit at Tiruvottiyur and Haridwar and ITC Infotech Bengaluru. Food Safety: ISO 22000/HACCP Food Safety Management System ITC Maurya, ITC Mughal, ITC Maratha, ITC Grand Central, ITC Sonar, ITC Windsor, ITC Kakatiya, ITC Rajputana, WelcomHotel New Delhi and My Fortune Chennai and Foods Units in Haridwar and Pune.
24. LEED® Platinum Rating by US Green Building Council – Existing Building category Hotels: ITC Maurya, ITC Windsor, ITC Maratha, ITC Grand Central, ITC Mughal, ITC Sonar, ITC Kakatiya and ITC Rajputana. LEED® Platinum Rating by Indian Green Building Council – New Construction category ITC Gardenia, ITC Grand Chola and My Fortune Bengaluru. LEED® Platinum Rating by Indian Green Building Council – Green Factory Building ITC’s Units at Saharanpur, Bengaluru, Munger and Pune. Green Rating for Integrated Habitat Assessment (GRIHA) by The Energy and Resources Institute (TERI) and Ministry of New & Renewable Energy (MNRE), Government of India 5 star rating for ITC Grand Chola 24EHS CERTIFICATIONS
25. LEED® Gold Rating by Indian Green Building Council Packaging and Printing Unit at Haridwar and Leaf processing plant at Mysuru. FOREST STEWARDSHIP COUNCILTM- Chain of Custody and Controlled Wood b Rainforest Alliance Paperboards and Specialty Paper Units at Bhadrachalam, Tribeni, Kovai and BollaramBEE 5 Star Rating by the Bureau of Energy Efficiency, Government of India ITC Green Centre at Manesar. LEED® Platinum Rating (core & shell) by Indian Green Building Council and LEED Platinum Rating (commercial interiors) by US Green Building Council ITC Green Centre at Manesar. 25EHS CERTIFICATIONS
26. Corporate offices at One Earth campus have been named after the five key elements of nature, Aqua (Water), Tree (Wind+Wood), Sky (Ether), Sea and Sun (Fire)CASE STUDY: SUZLON (ONE EARTH CAMPUS)One Earth campus is the Global Corporate Headquarter spread over 10 acres of land in Hadapsar, PuneSuzlon One Earth is 100% powered by a combination of onsite & offsite renewable energy sources7% of the total energy consumption comes from 18 onsite hybrid wind turbines, solar panels & photovoltaic cells; 93% of the remaining is from offsite wind turbinesBamboo flooring used at workstations ensure reduced consumptionAir conditioning & cooling systems used are free of Chloro Flouro Carbons (CFCs) and Hydro Chloro Flouro Carbons (HCFCs)LED street lighting is completely powered by Renewable Energy based systems located on the site thus reducing approximately 25% of the total lighting load90% of regularly occupied spaces have daylight exposure
27. CASE STUDY: TCSEmployee base reached 319,656 – making TCS the 3rd largest employer in global IT services (105,481 women employee)Top Employers Institute: Ranked # 1 Employer in Europe, UK & North America Fit4Life program – Launched health program for wellness of employeesMarathon has created a unique opportunity to engage with the communitiesTCS is amongst the Most Honored Companies in Institutional Investor's 2014 Annual All-Asia Executive Team Rankings
28. CASE STUDY: TCSSwachh Bharat Abhiyan initiative – pledged 100 Crore to build dedicated sanitation facilities for girl students in government schools Adult Literacy Program - reached over 2 lakh beneficiaries with approx. 30,000 jail inmates becoming literateZero Incidents' organization – launch of Safety First initiative on May 2, 2014 Asian Sustainability Ranking: Ranked #1 of Top 100 CompaniesTCS is amongst the Most Honored Companies in Institutional Investor's 2014 Annual All-Asia Executive Team Rankings 96% - appreciate responsiveness & accessibility98% consider TCS as a partner of choice and are willing to endorse capabilities94% feel that it is easy to collaborate and do business+1500 Customers responded:-
29. CASE STUDY: 3M3M is an American multinational conglomerate corporation with $30 billion sales, 88,000 employees and 55,000 Products
30. NON-SUSTAINABLE GROWTH: MUMBAI CITY 2005 Floods major cause due to the exploitation of Mithi River Encroachment of Sanjay Gandhi National Park Destruction of Mangroves and development of urban infrastructure i.e. BKC & Lokhandwala Backbay Reclamation – Cuffe Parade Reduction in number of visiting flamingos Contamination of drinking water
31. BIBLIOGRAPHYMs. Chhaya Sehgal Founder and CEO, The Winning Edgehttp://www.ibrc.indiana.edu/ibr/2011/spring/article2.htmlhttp://suzlon.com/careers/l3.aspx?l1=8&l2=39&l3=73http://suzlon.com/careers/l3.aspx?l1=8&l2=39&l3=81http://agb-sustainability.blogspot.in/http://efficientcarbon.com/services/sustainabilityhttp://www.tcs.com/about/corp_facts/sponsorships/Pages/default.aspxhttp://socialinnovation.se/en/the-triple-bottom-line-with-swedish-cases-ericssontetra-pak-max-hamburgers-and-mitt-liv/Seven_things_CEOs_boards_should_ask_about_climate_reporting-- TBL.pdfhttp://www.tcs.com/about/corp_responsibility/cs-report/Documents/GRI-2014-Sustainability-Report-071015.pdf
32. T H A N K Y O U