Frost & Sullivan and The Energy and Resources Institute (TERI will jointly host the 12th edition of ‘Sustainability 4.0 Awards’, virtually on August 20, 2021. It is designed to recognize the efforts of companies in India that have successfully integrated sustainability (into business and investment decisions) as well as speed-up sustainability strategies even during the pandemic and strive for excellence in sustainable development. The companies interested in participating in this edition of the awards can apply on or before March 31, 2021.
Sustainability 4.0 Awards emphasize four sector-agnostic elements of sustainability - Purpose, Partnership, Planet, and People, which underpin the sustainability program of every organization. The highest-scoring top two companies of the year will be presented with the Super Achievers Award: ‘Sustainable Business of the Year’ and ‘Sustainable Business of the Year – 1st Runner-up’ Award, respectively. Also included are, Safety Excellence Awards, the Jury Special Mention Award, the Renewable Energy Consumption Index, and Sustainability Analytics.
The ‘Safety Excellence Awards’ recognize organizations across five key criteria - safety management, process safety, equipment safety, behavioral safety, and occupational health. The ‘Jury Special Mention Award’ will be conferred to programs that are best-in-class, scalable, and replicable across industry verticals. The ‘Renewable Energy Consumption Index’ aims to acknowledge the transition from industry to RE while adhering India’s commitments under the Paris Agreement. ‘Sustainability Analytics’ will evaluate how companies are effectively using analytics in their sustainability management in three areas: Effective Data Collection, Usage of Smart Analytical Tools, and End-to-End Visibility in the value chain.
Sarwant Singh, Managing Partner and Regional Leader - Middle East and South Asia, Frost & Sullivan, hopes that the awards will encourage more companies to embrace a structured sustainability program, as digitalization and sustainability merge into two of the most powerful market influencers in today's corporate landscape, he asserted, “Sustainability is an essential tool for long-term value creation for stakeholders. Our partnership with TERI has provided the right impetus to this commitment as we continue to leverage this partnership for increased adoption of sustainability practices in business.”
Analysing the implication of COVID-19 on sustainability, Dr Ajay Mathur, Director General, TERI, explained, “What we have seen is that companies that are sustainable also create more value because they use fewer resources, minimize waste, and consequently overall, they are better corporate citizens. As we move ahead, we are looking at companies that are pushing their profits and minimizing their waste management, we are looking at companies that use sustainability as a tool to enhance their performance.”
To download the application form, follow: http://frost.ly/59v. For more information, please reach out to Vivekananda Bhat at VivekanandaB@frost.com, with full name, company name, title, telephone number, and company email address.