1. Balancing growth and sustainability

Balancing growth and sustainability

Sustainable development—a broad concept that balances the need for economic growth with environmental protection and social equity—has become a topic of significant discussion in the government and corporate circles in recent years.

By: | Updated: September 14, 2015 11:39 AM
Sustainable development

Sustainable development—a broad concept that balances the need for economic growth with environmental protection and social equity—has become a topic of significant discussion in the government and corporate circles in recent years.

Sustainable development—a broad concept that balances the need for economic growth with environmental protection and social equity—has become a topic of significant discussion in the government and corporate circles in recent years. The achievement of sustainable development cannot be simply left to government regulators and policy makers; industry too has a significant role to play. The 10th Sustainability Summit, to be held in New Delhi on September 15-16, will be an exclusive event to present sustainability solutions, best practices, enhance learning experiences and develop partnerships to transform innovative ideas into action.

The Summit is being organised by the Confederation of Indian Industry (CII) and ITC Centre of Excellence for Sustainable Development, with The Financial Express as its print media partner. It will be inaugurated by Prakash Javadekar, minister of state for environment. The two-day event is focussed on helping businesses find solutions to challenges in this emerging area of concern. This is the 10th Sustainability Summit and it will continue its legacy by bringing together distinguished speakers and sustainability leaders, like global CEOs, industry leaders, ministers and bureaucrats from the Indian government.

Other major speakers at the conference will be Suresh Prabhu, Union minister for railways, Ashok Lavasa, environment secretary, Nandita Chatterjee, secretary, ministry of housing & urban poverty alleviation. Among other dignitaries participating in the event are Tata Chemicals MD R Mukundan, ITC chairman YC Deveshwar, Ambuja

Cement CEO & MD Ajay Kapur, Dalmia Cement Group CEO Mahendra Singhi, among others.

Yuri Afanasiev, UN resident coordinator & UNDP resident representative in India, Jacob Werksman, principal advisor in DG, Climate Action European Union and EU’s lead negotiator on climate change, Peter Bakker, president, World Business Council for Sustainable Development, François Richier, ambassador of France to India, among others will also participate in the Summit. CII-ITC Centre of Excellence for Sustainable Development officials informed that these speakers are expected to provide intellectual insights through solutions that will create tangible and realistic steps for a transition towards sustainable and thriving future.

The 10th Sustainability Summit is being organised in partnership with ministry of environment, forest & climate change, ministry of housing and urban poverty alleviation, ministry of new and renewable energy, Ananta Centre, CBD-UNEP, GIZ, IGBC, NFCG, WBCSD, WWF-India and The Financial Express is the print media partner. The other sponsors for the event are ITC, BMW, DSM India, Ambuja Cements, Dalmia Cements, Grundfos Pumps India, NABARD, National Biodiversity Authority, Rio Tinto India, Hindustan Zinc, Ericsson India, SABMiller India, Thinkstep and Wipro.

The Summit will focus on important issues such as biodiversity, climate change, electric vehicles, next 10 years of sustainability in India, smart cities, water, sustainable agriculture, sustainable development goals amongst other issues covering vivid economic aspects and their impacts. “Sustainable development is far behind unless we overcome the impacts of causes leading to the depletion of earth’s resources. To keep this fragile ecosystem intact, every sector whether it is industry or other stakeholders need to focus on sustainable solutions. This is not only to reduce the organisation’s impact on environment but look into the future with maximum stability through new innovations,” CII-ITC officials said.

In order to enhance industry responsiveness, and enhance awareness in their stakeholders on this critical topic of corporate sustainability, the CII-ITC Centre of Excellence for Sustainable Development launched the Sustainability Summit in 2006. Over the years, the Summit has focused on promoting excellence, partnerships, competitiveness, strategies, remodeling growth, sustainable and inclusive solution and in turn transformed itself to one of the leading sustainability events.

Many organisations have started incorporating alternative practices which create a path towards sustainable solutions. These solutions require collaboration on a large scale; while the responsibility to formalise an international climate policy regime is that of the governments, the role of business is critical in converting these policies into action that can minimise the impacts of climate change.

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