Press Release. Frost & Sullivan, TERI to honour sustainable development practices at the Sustainability 4.0 Awards

Frost & Sullivan and The Energy and Resources Institute (TERI) have come together once again to recognize enterprises and emerging innovators leading the change in the sustainability space. The ninth edition of ‘ Sustainability 4.0 Awards ’ will be held on June 01, 2018 at Hyatt Regency, Mumbai. The awards aim to acknowledge the top-performing companies that have augmented their focus on excellent sustainability strategies and extended efforts toward building a holistic business, society and environment.   TERI has joined hands with Frost & Sullivan to attain the common goal of recognizing companies with best practices in sustainability. It aims at assisting adoption of sustainable development practices in the organizations and recognize the efforts of front runners through a healthy benchmarking process.   Companies interested in participating in this edition of the awards need to submit their nominations by November 30, 2017 . To know more about the awards or to participate, please mail to Srinidhi S. Rao at SrinidhiR@frost.comwith your full name, company name, title, telephone number and company e-mail address, or please log on to the event website for more details -http://sustainability4awards.org/ .   Talking about the awards program this year, Nitin Kalothia , Director, Sustainability Initiatives Practice, Frost & Sullivan said, “Excellence in sustainability is a journey of continuous improvement. In its ninth year, the Sustainability 4.0 Awards has come a long way from businesses thinking of sustainability to businesses that are seeking ways to be more sustainable and inclusive in their activities. The awards program is designed with an objective to recognize and celebrate the enterprises that are leading the way to a sustainable future. We strongly believe such organizations are role models that inspire others to follow suit. Partnering with TERI has further fostered our commitment and action plan on this journey.”   Partnering with Frost & Sullivan for the Sustainability 4.0 Awards 2018, Puneet Chandra , Senior Director, TERI said, “In a world where energy and carbon emissions are constrained, every business must take resource productivity seriously. Business as usual is not an option now. It is equally important that the efforts of businesses in this direction are recognized and appreciated at platforms that facilitate knowledge and practice sharing.”   The awards assessment framework has four major parameters and 13 sub-parameters based on which the efforts of front runners are recognized, which involves a thorough benchmarking process. The model also takes into consideration global sustainability frameworks and future requirements of reporting. The award program has three levels of recognition – ‘Believers’, ‘Challengers’ and ‘Leaders’ with respective, predefined qualifying scores. The top two highest scoring companies (overall) will be recognized with ‘Sustainable Business of the Year’ and ‘Sustainable Business of the Year - 1st Runner-up’ awards, respectively.   The awards also include ‘Safety Excellence Awards’ honoring companies working toward creating a safe workplace and imbibing a culture encouraging safety at all levels within the organization. The Safety Excellence Awards assessment model has five major parameters – Safety Management, Process Safety, Equipment Safety, People Safety and Occupational Health. The application is open to companies in India and the Middle East (covering the Kingdom of Saudi Arabia, the United Arab Emirates, Bahrain, Oman, Kuwait, Qatar, Lebanon and Egypt) across the following sectors: