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'Competitiveness encouraging companies take the Green Business path'
CII to facilitate 1,000 Green Company (GreenCo) rated companies by 2020
SMEs going the Green way
Delivering the chief guest address at the inaugural session of CII GreenCo Summit 2016, Mr Nitin Desai, Member, Prime Minister's Council on Climate Change, highlighted how competitiveness is encouraging companies to take action and in the process enabling them to stay ahead of the environmental compliance curve. He added that essentially companies that lead are those who anticipate the future instead of reacting to regulatory requirements.

Mr Desai also underlined that green consumers, green finance & green governance should come together with green manufacturing, for environmental actions to have a greater impact. He cited the uptake of LEDs in India as an example of all four of these factors coming together.

Mr Jamshyd N Godrej, Chairman, CII Godrej GBC, underlined that there is no conflict between environment and economic development. Companies should be open and more transparent on their environmental process to their stakeholders, he added. CII aspires to facilitate 1,000 GreenCo rated companies by 2020, he informed. Concerted efforts by all the stakeholders and change in behaviour of people will go a long way in achieving high levels of environmental sustainability, he underscored.

Ms Shobana Kamineni, President Designate, CII noted that, increasingly, discussions on the need & importance of environmental management is spanning across various strata & age groups of the society. This indeed is a step in the right direction, she added. She highlighted how Indian companies have been working on many climate change mitigation activities, noting that the energy intensity of the country has reduced by 12% during 1990-2013.

Mr 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 informed that CII GreenCo rating system is evoking excellent response. Over 200 companies are working on the rating; this includes 78 GreenCo rated companies. Each GreenCo rated company saves about
Rs 2 Cr / year, he underlined. 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, 3 companies were from SMEs sector, he informed.

Mr Sanjay Singh, Co-Chair, GreenCo Summit 2016, highlighted that green makes good business sense and called on the need to forge more partnerships to promote green growth models.

Two MoUs- one between Telangana State Industrial Infrastructure Corporation Ltd (TSIIC) and CII and another between Jawaharlal Nehru Pharma City, Andhra Pradesh and CII were inked at the inaugural session. These MoUs are aimed at fostering 'Eco-Industrial Parks'. Mr Ramesh Datla, Chairman, CII Southern Region; Mr E V Narasimha Reddy, VC & MD, TSIIC and Dr P P Lal Krishna, CEO, Jawaharlal Nehru Pharma City signed the MoUs.

The inaugural session of GreenCo Summit 2016 was also marked by the release of GreenCo best practices manual and GreenCo education material.

16 June 2016
Hyderabad

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