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India well poised to emerge as a Global Leader in Green Business - Greenco Summit 2014-26 June 2014.
'GreenCo' is emerging as a strong brand and CII GreenCo Rating System, the first of its kind in the world is becoming popular among manufacturing and services sector companies. Already, India has 26 GreenCo rated companies and over 100 companies are working on this Rating.

By 2017, it is expected that there would be about 1,000 GreenCo rated companies in India, with an estimated savings of Rs 2,000 Crore in terms of energy and materials and India is well poised to lead the global green business movement. These were some of the key messages that emerged at CII GreenCo Summit 2014.

Mr Suresh Prabhu, Chairperson, Council of Energy, Environment and Water, India, and Former Union Cabinet Minister of Power, said that, there should not be a conflict of interest between economic development and the use of natural capital. It is easy to stop economic activity but its consequences will be catastrophic, he added. What is really necessary was to ensure economic development with judicious use of the natural capital. Self-regulation would go a long way in addressing ecological issues & concerns, he added.

Mr Prabhu presented GreenCo rating to 17 companies. Godrej & Boyce, Appliance Division, Shirwal (Satara, Maharashtra) gained the distinction of becoming India's first Platinum rated GreenCo Company.

Dr K U Mistry, Chairman, Gujarat Pollution Control Board, said that environment was the visible manifestation of God and steps should be taken to ensure that the environment is safe, green and clean. He said large number of manufacturing units in Gujarat followed the zero-discharge norms and reprocessed hazardous waste materials.

Mr Rene Van Berkel, Chief of the Cleaner and Sustainable Production Unit, United Nations Industrial Development Organization, said industrialization had been defined by labour productivity. But it was no longer a priority, but natural resources are. There is a paradigm shift to resource productivity.

We have to work towards mainstreaming of resource efficiency in production by the collective efforts of all stakeholders, he said. Going green is no longer a choice. It is a business imperative to be competitive, Mr Berkel underlined.

Mr Pradeep Bhargava, Past Chairman, CII Western -Region and Chairman GreenCo Summit 2014, said that India should take global leadership in green business. He said India is number two in terms of green building footprint. He highlighted that India should successfully demonstrate that economic development and sustainability can go hand in hand.

Mr Bhargava said that going the green way will make the companies competitive and also provide brand equity and a `feel-good-factor' of working for a great organization, irrespective of its size. Going the green way should also have social dimension and it should extend from Green Company to Green Community and Green Country, he added.

Mr V Narasimhan, Co-Chair, GreenCo Summit 2014 and Chairman, GreenCo Forum, Chennai, said Green makes good business sense. It facilitates resource conservation, bottom line improvement and creating green corporate image, he added.

He said a company by going the green way will become globally competitive. Companies should focus on exploring options on consumables & packing materials and logistics optimization, he added.

Mr S Raghupathy, Executive Director, CII-Godrej GBC delivered the concluding remarks.

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Chennai
26 June 2014


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