- LSSD 2016
- LSSD 2014
Leaders of corporate India at TERI CBS's "Leadership Summit for Sustainable Development 2016" (LSSD 2016) agreed that India is very well placed to be at the forefront to build the world's low-carbon economy. It was emphasized that more ambition and innovative collaboration among businesses, policy makers and financing institutions is required for bringing the low-carbon propositions to scale. LSSD 2016 brought together corporate leaders and multiple stakeholder groups to debate and discuss the need for corporate organisations to usher in urgent commitments to the on-going collaborative movement on climate change via a combination of interventions at the policy, financing and technology levels.
Themed as 'Translating India's NDCs to Business Actions', the Summit received an overwhelming response with participation from 100+ delegates including CBS member companies. LSSD 2016 commenced with a special video message by Shri Prakash Javadekar, Minister of State (IC) for Environment, Forest and Climate Change with his inaugural address on India's commitment to NDCs and the critical role that corporates could play in technology innovation and investments in order to achieve the set targets. Commending TERI's efforts Shri Prakash Javadekar, said, "The government has started walking the talk by initiating actions such as coal cess which has contributed to the Clean Energy Fund. Businesses will now have to do the same. They need to invest and innovate in India, instead of importing expensive technology. There is a need to attract our technology manpower to capitalise on innovation opportunities in India. Working on improving energy, water and emission efficiencies today present a huge business opportunity."
Dr Jaco Cilliers, Country Director, UNDP in India at the inaugural session emphasized on the adoption of Sustainable Development Goals (SDG) and need for SDGs to promote inclusive growth. He also highlighted the need of businesses to review their strategies and the impact they create and how companies can implement sustainability by using sustainable technologies, this will also bring down the cost of these technologies which is currently very high. Dr Cilliers said "Key is integrated way to work towards 4Ps (People, planet, profit, and partnership): All people benefit from development paths; how to sustain profits and prosperity among business, Planets: How do we protect it? , Partnership: these are the key to achieving solutions to developmental challenges. He closed his address with a quote by Nelson Mandela "Little bit of head, little bit of heart will go a long way in solving problems". Underlining the importance of organizing the Summit, Dr Ajay Mathur, Director General, TERI, took the discussions ahead and said "There is an urgent need for the pace and scope of the clean energy activities of Indian corporates to highlight : Innovation. Investments. Collaboration. These three factors need to work in sync for sustainable development. Secondly the businesses need to review their strategies and the impact they create. Moreover ambitious solar tendering programme and investment in tomorrow's technology is the focus. Energy, water and urban development are three areas where investments are most important."
The Summit was attended by senior representatives from government organizations – Ministry of Railways, NABARD, SIDBI and top Indian conglomerates viz. Tata Group, Mahindra Group, NTPC, GAIL and deliberated on major areas of Moving towards Clean Energy ( Renewable Energy & Energy Efficiency) , Climate Financing and the way forward for India Inc post Paris Agreement . As the Summit came on the heels of Signing of the Paris Agreement by India in April this year, when over 160 nations committed to reduce or moderate their greenhouse gas emissions. To take this agenda forward, India has taken up various initiatives, such as Pradhan Mantri UJALA (Unnat Jyoti by Affordable LEDs for All) Yojana, enhancement in solar Renewable Power Obligation (RPO) to 8% by March 2022, Renewable Generation Obligation on new thermal and lignite plants, no inter-state transmission charges and losses to be levied for solar and wind power, ancillary services to support grid operation for expansion of renewable energy etc. In this context, LSSD 2016 provided an opportunity to the Corporate India to share its experiences and current interventions, thereby strengthening India's position with regard to tackling climate change on a global platform.
LSSD 2016's deliberation came to end with valedictory session chaired by Dr Ajay Mathur and special remarks by Mr Ashok Chawla, Chairman, TERI with business thought leaders Mr Ulhas N. Yargop, Director, Mahindra & Mahindra and Mr Venkatesh Valluri, Founder & Chairman, Valluri Technology Accelerators deliberated on 'Way Forward for India Inc. Post Paris Agreement' .The Summit was well received by the audience. LSSD 2016 was supported by Mahindra & Mahindra and our outreach partner All India Association of Industries (AIAI).
The deliberations of the Summit lead to the Business Day of TERI's WSDS (World Sustainable Development Summit) where in corporate India will come together to chart out the action plan. Click Here to know more about WSDS 2016.
Leadership Summit for Sustainable Development (LSSD), the annual flagship event of TERI-Business Council for Sustainable Development (BCSD), forges a platform for Indian & global business leaders, policy makers and thought leaders to share insights on sustainable development. The Summit seeks to sensitize the business fraternity on the impact of rapidly depleting natural resources and its influence on environment and society. It endeavors to stimulate tangible action towards sustainable development through responsible business practices. More importantly, it aims to make aware the fraternity that economics does not clash with sustainability; instead it renders the business resilient to future variations.
Suresh P. Prabhu,
Prime Minister's Sherpa at G20 Meeting in Brisbane, Australia
Mr. Ajit Gulabchand,
Chairman & Managing Director,Hindustan Construction Company Ltd.
Dr. R K Pachauri,
President, TERI-BCSD & Director General, TERI
Mr. Martin Wright,
Director, Forum for the Future; Founding Editor, Green Futures
Mr. Anil B Jain*
Managing Director, Jain Irrigation Systems Ltd.
Mr. Ajay Goel
CEO, Tata Power Solar Systems Ltd.
Mr. Anil Sinha,
Former Regional Head, Inclusive Business, South Asia, IFC
Mr. Alok Dayal,
Sr. Director-Credit and Environment Risk, IDFC Ltd.
Mr. Ranganath N Krishna,
Managing Director, and CEO, Grundfos Pumps India Pvt. Ltd.
Mr. Rajiv Ranjan Mishra,
Managing Director-India, CLP Power India Pvt. Ltd.
Dr. Ajay Mathur
Director General, Bureau of Energy Efficiency
Mr. K C Mehra,
Resident Director, Shapoorji Pallanji Group, former Deputy MD, Tata Steel Ltd.
Mr. R Mukundan,
Managing Director, Tata Chemicals Ltd.
Dr. Prodipto Ghosh,
Distinguished Fellow, TERI
Ms. Namita Vikas,
Sr. President and Country Head Responsible Banking, YES Bank Ltd.
The 12th Leadership Summit for Sustainable Development held in New Delhi on October 7, 2014, culminated with an exceptional participation and response from the corporates. The summit organized by TERI BCSD focused on "Business as a Driver for Sustainable Development". The extensive line up of speakers and discussants addressed the august gathering with their thought provoking views on sustainability and shared experiences about efforts to mainstream sustainability in respective organizations.
The Summit began with Mr. Dipankar Sanyal welcoming the delegates and setting the theme of the Summit. This was followed by a business keynote delivered by Mr. Anil Jain, Managing Director, Jain Irrigation Systems Pvt. Ltd. Mr. Jain emphasized the importance of good business practices in order to achieve a higher sustainability benchmark for creating shared value and a sustainable society. Dr. R K Pachauri in his inaugural address emphasized India's urgent need for diversification of energy sources to reduce our exposure to externalities in the global market place for fossil fuels. He highlighted how TERI-Business Council for Sustainable Development, with corporate engagement, can undertake a mission to create new and renewable energy based cost effective solutions for India's energy security.
3 CSO Forum Reports: Waste to Resources, Road Map for Incorporating Energy Efficiency Retrofits in Existing Buildings and Corporate Social Responsibility-A Guide to Strategy Development & Implementation and a jointly developed Knowledge Report on e–Waste by YES BANK and TERI–BCSD were launched at the Summit's inaugural session.
Tata Power Solar Systems Ltd, commemorating their 25 years of service to the nation, launched a book titled 'Chasing the Sun'. This book in photographs depicts how lives have been positively impacted with access to energy in remotest part of the country.
The Policy Dialogue chaired by Mr. S. Vijay Kumar, former Additional Secretary and Secretary, Ministry of Mines, deliberated on current and future policy trends to supplement India's position as a sustainability leader. Distinguished representatives of the corporate diaspora and Dr. Ajay Mathur, Director General – Bureau of Energy Efficiency, identified the need phase out subsidies.
The Special Luncheon Session, wherein the thought leaders Dr. R K Pachauri and Guest of Honour Shri Suresh P. Prabhu, Prime Minister's Sherpa at G20 Meeting in Brisbane, Australia, talked about changing mindsets in order to promote renewable energy business models and achieve energy security in the wake of rising uncertainties around coal, gas and oil import.
The discussions deliberated by other distinguished speakers, such as Mr. Ajit Gulabchand from HCC, Mr. R Mukundan from Tata Chemicals Ltd, Mr. Rajiv Ranjan Mishra from CLP India Pvt Ltd, Mr. Ranganathan N Krishna of Grundfos Pumps India Pvt Ltd presented insightful views on scaling up sustainability.
The final session of the day discussed the ESG risk assessment carried out by major investment institutions in India and their collaborative initiative to develop India specific guidelines on Responsible Financing. The session also received support of SIDBI to SME sector which forms the Value Chain of major businesses to undertake planned and business justifiable sustainability programmes. This session also had participation from State Bank of India, IDFC, World Bank and YES BANK.
A short survey response (conducted during the event) affirmed that business will welcome development of India specific guideline for responsible financing with ESG parameters forming part of investment risk assessment by Banking and Financial Services organisations.
The Summit was supported by CLP India Pvt. Ltd (Gold Partner), Tata Power Solar Systems Ltd. (Partner for Clean Energy), SBI (Partner), Tata Group (Partner) and HSBC India (Partner), YES BANK Ltd. (Patron Member), GIZ (Knowledge Partner) and Energetica (Media Partner).
The 12th Leadership Summit for Sustainable Development was followed by the 3rd CSO Conclave on the 8th October, 2014.