August 20, 2021
12TH EDITION
Recognizing Excellence in Sustainable Development
DON'T MISS OUT!
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Sustainability 4.0 Awards
In its twelfth edition, Frost & Sullivan and TERI present the Sustainability 4.0 Awards 2021 that aims to highlight the need for linkages between an organization’s strategy, governance & financial performance and the social, environmental & economic context within which it operates. This program enables businesses to take more logical & sustainable decisions that ensure long-term stakeholder value.
Businesses across the globe share the most ‘common’ precious asset – PLANET EARTH. The industrial revolution, over the years, has dramatically changed the earth’s ecosystem and our relationship with it. Today, businesses are dealing with a complex and unprecedented brew of Environmental, Social and Governance (ESG) risks. The effort by the businesses to sustain and overcome this challenge is not only necessary but also makes good business sense.
‘Sustainability’ is foreseen as an increasingly important strategic tool to address these risks. Embedding sustainability with economic value creation, will redefine the business ecosystem by creating value for all stakeholders, build safer environment and a stronger community.
The Sustainability 4.0 Awards are designed to acknowledge the effort made by businesses towards achieving this objective. Through this initiative, we aspire to assist organizations unearth the risks, leverage the opportunities, enable them to benchmark their performance, and of course, be rewarded for their accomplishments.
Sarwant Singh
Regional Leader
Middle East, Africa and South Asia
Frost & Sullivan
Embracing sustainable practices are no longer prophecies, but are in today’s challenging environment an essential and imperative approach to foster business growth.
In the 12th year of the awards, Frost & Sullivan and TERI are committed to recognize the efforts of companies on a national platform, in taking up the responsibility and setting the standards for the future of organizations.
I take this opportunity to invite you to be part of this exciting assessment, improvement and recognition program.
Dr. Ajay Mathur
Director General
TERI
Sustainability has never been as important as it is now as we look at investments in post-COVID-19 pandemic times. The industry is now approaching sustainability as a tool to enhance operating profits and reduce waste management. It is emerging as the single most important factor in managing productivity and profits, in the years ahead.
The Sustainability 4.0 Awards capture the journey of corporates towards sustainability, and enable recognition of the first-movers. We – at TERI and at Frost & Sullivan – look forward to have you with us on this momentous journey, and invite you to join this recognition programme focusing on green, clean, and profitable business.
2019 & 2020 Participants Speak
Glimpses of 2019 Awards
SUSTAINABILITY IN COVID-19 ERA
COVID-19 crisis reveals clear linkages between an organization’s strategy, governance & financial performance, social, environmental & economic context within which it operates. This resonates with the ethos of Sustainability 4.0 Awards framework. Our experience with your organization and several others exhibits that embedding sustainability with economic value creation can redefine the business ecosystem and besides building a safer environment and a stronger community, it also creates value for all stakeholders.
For companies, an important lesson to learn from COVID-19 is the need to be transparent and ensure stakeholder management. Companies will now reassess the supply chain risks and go beyond the Tier-1 suppliers to address the vulnerabilities. Tier-2 and Tier-3 suppliers will gain importance as they will now be part of the sustainable development plan. This inclusion may bring the required strategic changes in the SME (Small & Medium Enterprises) ecosystem and create more reliable employment opportunities.
The concept of Sustainability itself is collaborative. Practically the efforts from companies to go beyond their operations to address the value chain risks & what impacts them is very limited. Areas like shared employment, skill availability, supplier development, and environmental protection need strong collaborative actions within our industry.
As far as sustainability is concerned, the focus should be more on effectiveness, and not just compliance.
EFFECT OF COVID-19 ON SUSTAINABILITY 4.0 AWARDS 2020
The year 2020 has been unprecedented and challenging for the service and manufacturing sectors alike. The mandate by the Government of India on self-isolation and social distancing are re-defining the way business operations across all sectors and geographies are operating.
For Frost & Sullivan & TERI, the country-wide lockdown and domestic travel restrictions adversely impacted the timelines of the 2020 edition of this program. However, we were able to uphold the integrity, objectivity and the stringent evaluation process by quickly adapting to the ‘new normal’ and leveraging the digital platform. Our experience in these times with participating organizations exhibits our commitment towards embedding sustainability with economic value creation that can re-define the new business ecosystem.
We received an overwhelming response, and the participating companies welcomed our virtual approach for evaluation. We were able to match the same quality of deliverables and host the first of its kind, Sustainability 4.0 Awards Banquet and India Sustainability Leadership Summit successfully via our virtual platform on August 28, 2020.
For the year 2021, due to uncertainty revolving around COVID-19, the site-assessments will be done virtually.