Why Sustainability

Sustainability has been swiftly rising to the top of corporate agendas. Companies today are increasingly being asked by their stakeholders to commit to higher levels of performance through an expanding number of sustainability commitments. New regulations mandating companies to address sustainable Development (SD) & CSR have been introduced over the past few years. The Securities and Exchange board of India (SEBI) mandated the top 100 listed companies (by market capitalization) to submit Business Responsibility (BR) Reports as part of their annual reports. The Ministry of Corporate Affairs launched the National Voluntary Guidelines (NVG) on Social, Environmental and Economic Responsibilities while the Department of Public Enterprises (DPE) brought out the guidelines for Sustainable Development and Corporate Social Responsibility for Central Public Sector Enterprises for aligning SD into the core of their business planning. More recently, Companies Bill got passed in parliament mandating all companies having a profit of more than 5 crores to spend at least 2% of their average net profit for last 3 years.

All these developments and stakeholder demands need a proactive approach from corporate entities. Business leaders need to leverage sustainability as a competitive advantage – to streamline and optimize effectiveness, increase economic benefits, mitigate risk, strengthen stakeholder confidence through reporting and innovation across the organisation