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Responsible Business in India

Responsible Business in India. Seema Arora 21 April 2011, Delhi BRCC project meeting. 21 st Century Business Drivers. Population Growth. Disruptive Innovation. Poverty & Inequity. Global Change. Urbanisation. Trade Liberalisation. Industrialisation. Information Explosion.

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Responsible Business in India

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  1. Responsible Business in India Seema Arora 21 April 2011, Delhi BRCC project meeting

  2. 21st Century Business Drivers Population Growth Disruptive Innovation Poverty & Inequity Global Change Urbanisation Trade Liberalisation Industrialisation Information Explosion Resource Consumption Pollution Civil Society

  3. Seven Sustainability Revolutions

  4. Sustainability is now seen as a key issue in business… “In the future, only companies that make sustainability a goal will achieve competitive advantage. That means rethinking business models as well as products, technologies, and processes.” C.K. Prahalad, M.R. Rangaswami and Ram Nidumolu Harvard Business Review 2009

  5. Our growth & expansion is a reflection of changing markets and what the future will be Risk Opportunity CII Pollution Sustainability Cost Savings & profits CESD Adjustments Innovation EMD Charity Biz models 2006 1992

  6. Catalysing change through increasing portfolio of products Sustainable Innovation Inclusive Biz Models C-SAP 3CS ISO 26000 Stakeholder Engagement +++ Bottom of Pyramid Carbon Disclosure Sus Biz Portfolio OHS IMS Social Accountability Sustainability Reporting + 2006 2011

  7. Sustainable business is dynamic and still evolving Sustainable Business Integrated into goals, strategies Community Investment Strategic partnerships Community Affairs Strategic giving Philanthropy Passive donations Profit Focus Shareholder value

  8. Different tools and approaches Tomorrow • Disruptive innovation • Renewable energy • Sustainable technology • Knowledge & service intensity • Systems thinking • Base of the Pyramid • Urban investment • Inclusive Capitalism • B2B Innovation & Repositioning Growth Path & Trajectory Internal External Cost & Risk Reduction Reputation & Legitimacy • Eco-efficiency • Risk management • Waste minimisation • Resource productivity • EMS / ISO 14001 • OHS / OHSAS 18001 • SA 8000 • CSR • Sustainability reporting • Stakeholder Management • Life-Cycle Management • Ecolabelling • Full Cost Accounting • Transparency Today

  9. Sustainability Value Framework Tomorrow Strategy: Clean technology Develop the sustainable competencies of the future Strategy: Sustainability Vision Create a shared roadmap for meeting unmet needs • Drivers • Societal Expectations • Competitive- • ness • Drivers • Pollution • Poverty • Inequity Corporate Payoff: Innovation & Repositioning Corporate Payoff: Growth Trajectory Sustainable Value External Internal Strategy: Pollution prevention Minimize waste and emissions from operations Strategy: Product Stewardship Integrate stakeholder views into business process • Drivers • Pollution • Consumption • Waste • Drivers • Societal Expectations • Transparency • Communication Corporate Payoff: Reputation & Legitimacy Corporate Payoff: Cost & Risk Reduction Today

  10. What will drive tomorrow? Social media More stakeholder driven Voluntary-regulatory combo Many different forms of businesses; hybrid business will be mainstream in medium term Resource constraints

  11. Tomorrow will be better; it could be Sustainability embedded CG Inclusive / BOP business models Sustainable & inclusive innovation Green will be competitive advantage until medium-term; post that it will be mainstream Integrated reporting

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