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Published byAron Scott Briggs Modified over 8 years ago
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Sustainability Reporting: Current Trend & Future Scope APSEZL Sustainability 1
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State of Business Vanguard Departments Competitive Dominance Production, Finance, Business Development Competitive Equilibrium Marketing, Quality, Product Innovation Competitive Decline Sales, Finance, Quality Survival at Stake Finance, Sales, Legal 2 APSEZL Sustainability Four Phases in Corporate Life – Lead Functions Where is Environment and Society?
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3 APSEZL Sustainability Economic Social Environment Governance 1)Theme of Sustainability Reemphasises Centrality of Corporate Governance. 2)Reckons with Environmental & Social Responsibility. 3)Sure to benefit Corporate Risk Reduction. Intended Thrust of Sustainability Reporting
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APSEZL Sustainability 4 Sustainability Report – GRI Database
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1. Beauty Contest Approach; Lots of nice words and tokenism 2. Less attention to fundamentals in working; few Sustainability Enhancing Projects & Processes 3. The Fundamentals 1) Energy & Emissions – Both attitude & Technology issue. Opportunity in Renewables. 2) Water – Difficulty in Resource augmentation. Conservation stumbles on Social Conviction & Other constraints. 3) CSR – Getting attention; major issue is in Community Mobilization; Bigger Challenge in making community act for Collective Good. 4) Forest & Biodiversity – Weak offsets; low investment may not yield result; communities generally cold on this. 5) Supply Chain – May be unorganized. Not easy to train a variable set of truckers on Road Safety/Personal Health or small time mining lease operators in safe operation or environment friendly closure of mines. 5 APSEZL Sustainability Current Reporting Practice (with salutes to exceptions)
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Internal Benefits of Sustainability Reporting Avoiding being implicated in publicized environmental, social and governance failures. Increased understanding of risks and opportunities Emphasizing the link between financial and non-financial performance Influencing long term management strategy and policy, and business plans Streamlining process, reducing costs and improving efficiency Increased efficiency and waste reduction 6 APSEZL Sustainability
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External Benefits of Sustainability Reporting Hypotheses: 1)Improving reputation and brand loyalty o Mitigating or reversing negative environmental, social and governance impacts o Enabling external stakeholders to understand the organization’s true value, and tangible and intangible assets 2)Improved access to capital 3)Improved access to and retention of talent Quantitative & Rigorous Studies Required 7 APSEZL Sustainability
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Adani Group’s Endeavours Sustainability Reporting a Recent Introduction Adani Power has Reported in GRI – G4 in 2015 covering previous year. That is in public domain. Adani Ports & SEZ Ltd to Report in GRI-G4 this year covering 2015-16. Milestones in Sustainability Journey of APSEZ 1.A robust digital Grievance Management Mechanism – for all stakeholders 2.Complete Carbon footprint of ports within GRI-G4 boundary viz Mundra and Hazira 3.A robust internal framework for Stakeholder Engagement and in particular a specific one for Community Engagement. 4.Implementation of Zero Waste Policy in Mundra Port 5.Some small steps for Water Conservation & Technology adoption 6.Energy Conservation done ever the years by: Tug Boat speed management, Supply of shore power, Conversion of Gantry Cranes to electric energy source and others. 8 APSEZL Sustainability
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Thank You APSEZL Sustainability 9
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