10/22/20151 WELCOME NATURAL RESOURCE MANAGEMENT & SUSTAINABLE DEVELOPMENT: Some Observations Prof. Ranjan Kumar Bal Prof. Ranjan Kumar Bal

10/22/20152 SUSTAINABLE DEVELOPMENT  Meets the needs of present generation without compromising the ability of future generations  Minimum environmental impact  Maximum value addition for Customers/Society

NATURAL RESOURCES MANAGEMENT  Environmental Resources Management: Climate Change – Natural Hazards  Air Resources Management  Water Resources Management  Wildlife Management  Forestry  Soil Conservation India is 7 times behind China. 10/22/20153

NATURAL RESOURCES MANAGEMENT – Cont.  Efficient & Effective Deployment: Cost-Benefit Analysis  Planning, Controlling & Managing to achieve 100% resource utilisation  Match: Demand Vs. Supply INCLUSIVE GROWTH 10/22/20154

5 21 ST CENTURY  Trust -Transparency Gap  Information provided Vs. Information needs of Stakeholders / Society.  Trust-me Culture  Tell-me Culture  Show-me Culture Osama Bin Laden wanted to become a manager !!

10/22/20156 Research Findings: KPMG study: On “Measuring Performance of the Organizations of the Future” FINDING: “Over-reliance on summary financial performance measures (Viz. ROI) was hindering an organization’s abilities to create future economic value.” More Natural Resources = Less Economic Development

10/22/20157 RESEARCH FINDINGS  McKinsey & Co: 400 Firms “The environmental challenge is one of the central issues of the 21 st century.” “The environmental challenge is one of the central issues of the 21 st century.”  World Economic Forum: 650 Executives “Environment is the most important challenge affecting business.” “Environment is the most important challenge affecting business.”

10/22/20158 Social Economic Environmental Triple Bottom Line

10/22/20159 TBL or Sustainability  Framework for measuring performance  Single bottom line to Triple bottom line  Shareholder-oriented accounting to Stakeholder-oriented accounting Stakeholder-oriented accounting  3 P s: P rofit, P lanet & P eople

10/22/ SOCIAL BOTTOM LINE  Organisation’s impact on society  Public health & Community Dev.  Skill & Education  Social justice & Human Rights  Trust, Integrity & Teamwork  Labour practices  Product Responsibility

10/22/ ENVIRONMENTAL BOTTOM LINE  Efficient use of natural resources  Efficient environmental mgt.  Renewable natural capital DISASTER MANAGERS

10/22/ ECONOMIC BOTTOM LINE  Economic profitability  Employment generation  Market creation  Financial capital & Physical capital

10/22/ WHY ? WHY SUSTAINABILITY ?  Growth of Environmentalism  Climate Change & Natural Hazards  Relationship with Communities

10/22/ SUSTAINABLE ENTERPRISE  Makes resource-efficient products  Minimum environmental impact  Maximum value to stakeholders  Adding value to society.

10/22/ Sustainability :Challenges  Management & maintenance of economic, natural, social capital  Create “win-win” situation: Social & Environment friendly Climate Change – Natural Resources – Inclusive Growth

10/22/201516CHANGE Change is the only constant in to-day’s world. “Vasudheiba Kutumbakam.” INNOVATIVE STRATEGY Awareness & Education

10/22/ “Earth provides enough to satisfy everyone’s needs, but not everyman’s greed.” -GANDHIJI Self Discipline

10/22/ Writings on the Wall: “ ACT NOW or GET READY TO BE A PART OF HISTORY.” THANK ‘U’