Frost & Sullivan and TERI Sustainability 4.0 Awards
Published on : Monday 07-09-2020
21 awards were presented to companies for their exemplary performance at the 11th edition of these Awards.
Mumbai, September 03, 2020 – The 2020 India Sustainability Leadership Summit and the 11th edition of the Sustainability 4.0 Awards were recently hosted on a virtual platform by Frost & Sullivan and The Energy and Resources Institute (TERI). The Awards recognised excellence in sustainable development practices among corporates that provide a measurable and verifiable framework for sustainability, while the Summit drew business leaders and industry thought leaders to discuss how to jumpstart the Decade of Action despite the Covid-19 setback.
The distinguished speakers at the Summit represented policymakers, thought leaders in the field of sustainability, and business heads from renowned organisations, including: Mr S V Ramana Murthy, Additional Director General – Social Statistics Division, National Statistics Office, Ministry of Statistics and Programme Implementation, Government of India; Mr Simon Stolp, Country Lead (India) – Energy & Extractives, World Bank Group; Dr Maria Mendiluce, Chief Executive Officer, The We Mean Business Coalition; Mr Mahendra Singhi, Managing Director and CEO, Dalmia Cement (Bharat) Ltd; and Mr Vineet Mittal, Chairman, AVAADA Group.
The Summit was followed by the Sustainability 4.0 Awards 2020. This year’s Awards were open to companies across manufacturing, logistics, hospitality, IT & ITES, KPO, BPO, banking, financial services and insurance, construction, telecommunications, and healthcare sectors in India and the Middle East. The Awards evaluation model comprises of four major parameters –people, planet, purpose, and partnership – and 13 sub-parameters. Each participant was evaluated and benchmarked against peers and competitors by a team of experts from Frost & Sullivan and TERI.
This year, 21 awards were presented to companies in five major categories: Super Achievers, Leaders, Challengers, Jury Special Mention, and Safety Excellence. Reliance Industries Limited, Navi Mumbai, received the Sustainable Corporate of the Year Award. Mondelez India Foods Private Limited, Mumbai, won the Sustainable Corporate of the Year Award-1st Runner-Up, while ITC Limited, Bengaluru, won the Sustainable Factory of the Year Award.
The Jury Special Mention Award was won by Vardhman Fabrics – A Unit of Vardhman Textiles Limited, Budni, for its water-savings initiatives. Vedanta Limited – Cairn Oil & Gas Division, Gurgaon, was declared the 1st Runner-Up for recycling of produced water for injection purposes, and Century Pulp & Paper, Lalkua, was the 2nd Runner-Up for its power plant optimisation.
L&T Hydrocarbon Engineering Limited – Modular Fabrication Facility, Hazira, won the Safety Excellence Award for the second consecutive year, while Pantnagar Metal Plant – HZL was the 1st Runner-Up. The Safety Excellence Awards assessment framework entailed evaluation under five major parameters – safety management, process safety, equipment safety, people safety, and occupational health.
To access the complete list of award recipients, please visit: http://frost.ly/4go
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