Frost Sullivan – Sustainability and Collaboration is the Way Forward to Address Changes in the Externalities of Business Environments

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Published: June 2, 2015 9:50:40 PM

Frost Sullivan recently concluded its 6th edition of the 'Green Manufacturing Excellence Awards (GMEA) ...

Frost & Sullivan recently concluded its 6th edition of the ‘Green Manufacturing Excellence Awards’ (GMEA) and India Sustainability Summit (previously referred to as the Green Manufacturing Excellence Summit) at Hyatt Regency, Mumbai. Frost & Sullivan’s Manufacturing & Process Consulting Practice has been promoting awareness and adoption of sustainable development practices across Indian manufacturing companies through a healthy benchmarking and incisive feedback process under this awards platform. Multiple sub-parameters ranging from sustainable strategy, risk management, stakeholder engagement, occupational health and safety systems, environmental management, and social accountability are tracked under the aegis of Sustainability through this platform.

At the India Sustainability Summit, various organizations from the Indian manufacturing sector were gathered under one roof to share their knowledge and experiences from their sustainability journey. Best practices from companies across industries were shared along with strategic keynote presentations by industry stalwarts who play an integral role in the field of sustainability in India. The importance of risk management and mitigation was stressed upon at the Summit; this is crucial for the longevity of any business Sustainability and collaboration is the way forward to address radical and frequent changes in the externalities of business environments. The key takeaway from the Summit was to inculcate the concept of long-term thinking, involving risk management and mitigation, stakeholder engagement, and a broader perceptive of sustainability in the mindsets of Indian corporations.

Nitin Kalothia, Director, Manufacturing & Process Consulting Practice, Frost & Sullivan reiterated this in his keynote address. He highlighted that, “Sustainability is an indispensable part of being resilient, proactive, and progressive with changing times. Companies need to collaborate with its key stakeholders across the value chain to maximize the benefit of this initiative, stand-alone focus will not be sufficient”.  He added “Organizations need to invest into sustainability projects with a long term focus and for doing that they need to have a medium to long term sustainability plan that will be the guiding document for seamless decision making”.

This year’s award model brought together experiences from the previous editions to include the concept of ‘shared value’ that involves creating economic value in such a way that it also generates value for all the stakeholders by addressing their needs and challenges. The reengineered model supports shared value by giving equal importance to creating partnerships with all those who have an interface with their organization.

In its second year, the Safety Excellence Model took companies through a detailed safety assessment built on five broad parameters (Safety Management Systems, Process Safety, Equipment Safety, Employee Safety, and Occupational Health). The highest scoring companies were recognized for ‘Excellence in Safety’ during the 2015 Green Manufacturing Excellence Awards banquet.

Frost & Sullivan strongly emphasizes a concise and structured framework that needs to be adopted by organizations in order to excel in their sustainability initiatives, evolving from long-term risk identification, building a sustainable supply chain, and understanding stakeholder requirements. Organizations need to balance their business’ economic challenges with a sound and clear understanding of the environmental and social impact along with a concrete action plan for mitigating the same. Showcasing this concept were some presentations made by UltraTech Cement Limited, Dr. Reddy’s Laboratories Limited, Grasim Industries Limited, Schneider Electric India Pvt. Ltd., Mahindra & Mahindra, ITC Ltd., United Breweries, and Wrigley India Pvt. Limited. The topics covered ranged from Sustainability, Risk Management, and Product Life Cycle Management to Safety at the workplace.

Moving forward, Frost & Sullivan plans to increase the scope of these award platforms to cover service sectors as well, which would include Banking, Hospitality – Hotels and Tourism, Construction, Logistics, Social Sector – NGOs, and Airports. With this change, we also expect sustainability to gain a wider spectrum of visibility and enhance learning among corporates in India.

Recipients of the Green Manufacturing Excellence Awards 2015

Overall Leader Award
Company NameFacility LocationAward
Bharat Petroleum Corporation Limited – Mumbai RefineryMahulOverall Leader Award
Johnson & Johnson LimitedMulundOverall Leader Award – 1st Runner Up
Hindustan Unilever LimitedBarotiwalaOverall Leader Award – 2nd Runner Up
ITC LimitedBengaluruOverall Leader Award – 2nd Runner Up
Leaders Award
Company NameFacility LocationAward
Mahindra & Mahindra Limited – Farm Equipment SectorNagpurLeaders Award – Mega Large Business
ITC Limited – India Tobacco DivisionRanjangaonLeaders Award – Mega Large Business
Hindustan Zinc Limited – Chanderiya Lead Zinc SmelterChanderiyaLeaders Award – Mega Large Business
Hindustan Unilever Limited – Haldia Detergent FactoryHaldiaLeaders Award – Large Business
ACC Limited – Lakheri Cement WorksLakheriLeaders Award – Medium Business
Challengers Award
Company NameFacility LocationAward
Sesa Sterlite LimitedJharsugudaChallengers Award – Mega Large Business
Bajaj Auto LimitedChakanChallengers Award – Mega Large Business
Dr. Reddy’s Laboratories Limited,  FTO – 3BachupallyChallengers Award – Mega Large Business
JSW Steel LimitedVijayanagarChallengers Award – Mega Large Business
Lakme Lever Private LimitedGandhidhamChallengers Award – Large Business
UPL Limited – Unit 2AnkleshwarChallengers Award – Large Business
Grasim Industries Limited – Birla CellulosicKharachChallengers Award – Large Business
UltraTech Cement Limited – Reddipalayam Cement WorksAriyalurChallengers Award – Medium Business
United Breweries LimitedGolcondaChallengers Award – Medium Business
Philips India LimitedChakanChallengers Award – Medium Business
Schneider Electric Infrastructure LimitedVadodaraChallengers Award – Medium Business
Darjeeling Organic Tea Estates Private Limited – Ambootia Tea EstateDarjeelingChallengers Award – Emerging Business
Nilkamal LimitedPondicherryChallengers Award – Emerging Business
Challengers – Certificate of Merit
Company NameFacility LocationCertificate Of Merit
ACC Limited – Sindri Cement WorksSindriCertificate of Merit – Challengers Category
Hindustan Unilever Limited – Mangalore Detergent FactoryMangaloreCertificate of Merit – Challengers Category
Olam Agro India LimitedVarikoliCertificate of Merit – Challengers Category
Sentiss Pharma Private LimitedNalagarhCertificate of Merit – Challengers Category
Sesa Sterlite LimitedLanjigarhCertificate of Merit – Challengers Category
UPL Limited – Unit 1AnkleshwarCertificate of Merit – Challengers Category
Welspun India LimitedAnjarCertificate of Merit – Challengers Category
Believers – Certificate of Merit
Company NameFacility LocationCertificate Of Merit
Henkel Adhesives Technologies India Private LimitedJejuriCertificate of Merit – Believers Category
J. K. Ansell LimitedAurangabadCertificate of Merit – Believers Category
J. K. Cement LimitedNimbaheraCertificate of Merit – Believers Category
JK Tyre & Industries LimitedChennaiCertificate of Merit – Believers Category
Kariwala Industries LimitedFaltaCertificate of Merit – Believers Category
Kirloskar Ebara Pumps LimitedKirloskarwadiCertificate of Merit – Believers Category
Oil India LimitedDuliajanCertificate of Merit – Believers Category
Raymond UCO Denim Private LimitedYavatmalCertificate of Merit – Believers Category
Sanofi India LimitedVernaCertificate of Merit – Believers Category
Sanofi India LimitedAnkleshwarCertificate of Merit – Believers Category
Schneider Electric India Private Limited- Power Factor Correction UnitBangaloreCertificate of Merit – Believers Category
United Breweries LimitedBombayCertificate of Merit – Believers Category
Usha Martin LimitedRanchiCertificate of Merit – Believers Category

Recipients of Frost & Sullivan’s “2015 Safety Excellence Award”

Safety Excellence Award
Company NameFacility LocationAward
Johnson & Johnson LimitedMulundSafety Excellence Award – Overall Winner
Henkel Adhesives Technologies India Private LimitedJejuriSafety Excellence Award – 1st Runner Up
Wrigley India Private LimitedBangaloreSafety Excellence Award – 2nd Runner Up
Safety Excellence – Certificate of Merit
Company NameFacility LocationCertificate Of Merit
ACC Limited- Lakheri Cement WorksLakheriCertificate of Merit – Safety Excellence
Hindustan Unilever Limited – Haldia Detergent FactoryHaldiaCertificate of Merit – Safety Excellence
Hindustan Zinc Limited – Chanderiya Lead Zinc SmelterChanderiyaCertificate of Merit – Safety Excellence
Philips India LimitedChakanCertificate of Merit – Safety Excellence
UltraTech Cement Limited – Reddipalayam Cement WorksAriyalurCertificate of Merit – Safety Excellence
Wrigley India Private LimitedBaddiCertificate of Merit – Safety Excellence

Business Standard was the National Newspaper Partner. Other Media Partners who supported this event were – Autocar Professional, Chemical Weekly, Efficient Manufacturing, Energetica India, EcoConstruction India, Industrial Product Finder, Iron & Steel Review, Metal Asia, Manufacturing Today, Process India and Sustainability Next.

To know more about the Green Manufacturing Excellence Awards and its methodology, please log on to https://www.frost.com/gmea

To participate in our future editions or to know more about the summit, please send an e-mail to Ravinder Kaur/Anita Chandhoke, Corporate Communications, at ravinder.kaur@frost.com achandhoke@frost.com or write to us at gmea2015@frost.com with your full name, company name, title, telephone number, e-mail address, company website, city, state and country.

About Frost & Sullivan

Frost & Sullivan, the Growth Partnership Company, works in collaboration with clients to leverage visionary innovation that addresses the global challenges and related growth opportunities that will make or break today’s market participants.

Our “Growth Partnership” supports clients by addressing these opportunities and incorporating two key elements driving visionary innovation: The Integrated Value Proposition and The Partnership Infrastructure.

 

  • The Integrated Value Proposition provides support to our clients throughout all phases of their journey to visionary innovation including: research, analysis, strategy, vision, innovation and implementation
  • The Partnership Infrastructure is entirely unique as it constructs the foundation upon which visionary innovation becomes possible. This includes our 360 degree research, comprehensive industry coverage, career best practices as well as our global footprint of more than 40 offices

For more than 50 years, we have been developing growth strategies for the global 1000, emerging businesses, the public sector and the investment community. Is your organization prepared for the next profound wave of industry convergence, disruptive technologies, increasing competitive intensity, Mega Trends, breakthrough best practices, changing customer dynamics and emerging economies?

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