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Competitiveness is encouraging companies to stay ahead of the environmental compliance curve and go green, Nitin Desai, Member, Prime Minister’s Council on Climate Change, said.
Speaking at the inaugural session of CII GreenCo Summit 2016, Nitin Desai highlighted companies that lead are those who anticipate the future instead of reacting to regulatory requirements.
Desai said green consumers, green finance and green governance should come together with green manufacturing, for environmental actions to have a greater impact. He cited the uptake of LED lights in India as an example of all four of these factors coming together.
Jamshyd N Godrej, Chairman, CII Godrej GBC, said there is no conflict between environment and economic development. Companies should be open and more transparent on their environmental process to their stakeholders.
He said CII aspires to facilitate 1,000 GreenCo rated companies by 2020.
Pradeep Bhargava, Chairman, GreenCo Summit 2016, called on the need to not just consider payback but also think of “payfront” and work towards becoming green and enable reductions in the price of environmentally friendly products.
He said CII GreenCo rating system is evoking excellent response. Over 200 companies are working on the rating and this includes 78 GreenCo rated companies. Each GreenCo rated company saves about Rs 2 crore per year.
It is inspiring to witness that SME companies are going the green way, he said. Out of the 30 companies who were awarded with GreenCo rating at the inaugural session, three companies were from SMEs sector.
MoUs
One memorandum of understanding was inked between Telangana State Industrial Infrastructure Corporation Ltd (TSIIC) and CII and another between Jawaharlal Nehru Pharma City, Andhra Pradesh and CII.
These MoUs aim at fostering ‘Eco-Industrial Parks’.
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