presents

CORPORATE INDIAS GREEN INITIATIVES TOWARDS SUSTAINABILITY FE-EVI GREEN BUSINESS SURVEY 2011-12

Lead Authors

Presenting Partner

Ashutosh Pandey, President Emergent Ventures India E-mail: ashutosh@emergent-ventures.com Gaurav Sarup, Senior Consultant, Sustainability & Climate Value Advisory Emergent Ventures India E-mail: gaurav.sarup@emergent-ventures.com

Verification Partner

Contributing Authors
Vinod K Kala, Founder & Managing Director Emergent Ventures India Sanjay Dube, Vice President, Sustainability & Climate Value Advisory Emergent Ventures India

Associate Partner Abhishek Kaushik, Consultant Emergent Ventures India Design by Akif Ahmad

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The FE-EVI Green Business Survey 2011-12 has been prepared for and copyright in its vests jointly with Indian Express Newspapers (Mumbai) Limited and Emergent Ventures India Pvt Ltd. Permission of both companies is necessary for reprint. 2012. All rights reserved throughout the world.

For more information or reprint, please contact: E-mail fe-evisurvey@emergent-ventures.com Phone: +91 124 6653100 www.emergent-ventures.com E-mail fe-evi@expressindia.com Phone: +91 11 2370 2100 www.financialexpress.com

Corporate Indias Green Initiatives Towards Climate Change FE-EVI Green Business Survey 2011-12

Contents
Foreword Introduction & Key Findings Climate Change and Environment Natural Resource Management Corporate Governance, Disclosure & Stakeholder Engagement FE-EVI Green Business Survey Rankings 2011-12 Participating Companies FE-EVI Survey Methodology Jury Profiles 1 2 6 10 12 13 14 16

GREEN INNOVATOR HONOURS Foreword Framework for Green Innovator Honours Jury Profiles Participating Companies Profile of Honourees Sponsor Profiles 19 20 21 22 23 26

Foreword By M K Venu
he fourth edition of the FE-EVI Green Business Survey comes at a very interesting juncture. It comes very close to the United Nations Conference on Sustainable Development which will be held in Rio de Janeiro mid June to specifically agree by 2015 to a set of sustainable development goals. The UN Summit represents another big milestone in the international effort to accelerate progress towards achieving sustainable development globally based on the principle of common but differentiated responsibility among nations based on their stage of development. What is significant this time round is the draft proposal prepared for the Rio +20 summit includes a framework for reporting by relatively large companies across the developed and developing world on how sustainable development goals are being implemented. The World Trade Organization (WTO) is also being sought to be involved in seeing how the objectives of sustainable development are being realised on the ground. I am happy to note that the aims and objectives set out in the draft proposal for the Rio+20 summit is totally in sync with the painstaking effort made by the FE-EVI Green Business Survey these past four years to involve more and more companies to come forward and talk about their approach to adapting to climate change and addressing the issues relating to sustainable development. Indeed, core elements of sustainable development are gradually becoming part of the consciousness of corporate entities. FE-EVI survey has strived to play a catalyzing role in this regard. In a way the FE-EVI Survey can claim to have anticipated some of the new elements contained in the draft proposal to be discussed at the Rio +20 summit in June. The FE-EVI Survey has been involving more and more companies these past four years to come forward and tell the world about their specific efforts at introducing elements of sustainability in their core business operations. The Rio Summit this time round is also trying to lay down a measurable framework for progressively creating a green economy in the context of sustainable development and eradication of poverty. There are provisions in the UN draft that seek to make governments agree on the need to develop a global policy framework for all listed and large private companies to integrate sustainability within their reporting cycle. The UN Secretary Generals panel has suggested such reporting for all companies above a market capitalization of $100 million. Indeed, if this is agreed upon, a very large universe of companies will begin to integrate issues of sustainability in their reporting cycle. What the UN is trying to achieve at a global, inter-governmental level is something FE-EVI survey has been trying to do in its own modest way-to get companies to start reporting regularly on sustainability measures which are becoming integral to their businesses. The UN draft also talks about the development of green economy road maps by the global industry sectors, which could provide some basis for long term investor engagement and benchmarking through pricing risk and management quality.This is supplemented with suggestions for environmental pricing of national ecosystem goods and services. Overall we totally endorse the direction being taken by the forthcoming Rio Summit which has been described as a once in a generation opportunity by the UN Secretary General Ban Ki-Moon. We have no doubt that Indian businesses and civil society have a great opportunity to create for our own collective sake a national brand proposition out of sustainable development and show the rest of the world an optimal carbon path for 1.2 billion people which addresses concerns of poverty and environment in equally. This is an opportunity for India to demonstrate to the world that she can make a transition to a low carbon economy inspite of being at a stage of development where its per capital emissions are among the lowest in the world. A pro-active business response to environmental problems is therefore both necessary and inevitable. The Rio Summit's thrust of developing a specific framework for a green economy should propel Indian business leaders to play a pioneering role in innovation and to create success stories in best practices that surprise the world. A critical mass of companies must move in that direction to make the real difference. FE-EVI Green Business Survey promises to capture this emerging story in all its dimensions.

M K Venu Managing Editor The Financial Express

FE-EVI Green Business Survey 2011-12

Foreword By Ashutosh Pandey

e are facing serious financial problems worldwide: growth rates have slumped, and economic recovery seems difficult. In India, we have added problems of policy paralysis, high inflation and rising inequality. The world today is different from what we have seen in the past few decades. Yet despite functioning in this challenging economic and political scenario we haven't seen any slowdown in actions on sustainability aspects by Indian companies during 2011-12. This is undoubtedly good news; however we also haven't seen any remarkable improvement in performance since last year. Our research suggests that a small but increasing number of companies are making strategic investments into sustainability and are also reaping significant value from such investments. We have also found that though companies have their own unique ways of tackling such issues, there are a couple of points of commonality: a) Sustainability is becoming a Board level issue b) They are evolving their business-models to balance environmental, stakeholder and economic priorities. We initiated the FE-EVI Green Business Survey in the year 2008-09 to assess how Indian businesses are responding to climate change issues. In the last four years we have expanded the scope of this survey to include all important aspects of the broader sustainability agenda including climate change & environment, natural resource management, stakeholder engagement and corporate governance. The survey aims to provide a platform for Indian companies to learn from each other, to keep a track of the latest trends in corporate sustainability and adopt the best practices. During last year's survey we had moved away from evaluation based on awareness and intent to evaluation based on actual performance & actions. The Fourth Edition of the survey extends it further by evaluating performance of various companies on sector specific parameters as well. We hope insights from this survey will help companies further develop their sustainability plans.

Ashutosh Pandey President Emergent Ventures India

Corporate Indias Green Initiatives Towards Sustainability

Introduction and Key Findings

This is the fourth edition of the FE-EVI Green Business Survey. Over the last four years the report has tracked the evolution of corporate India's sustainability initiatives. It has seen companies become aware of the impact of climate change, environmental and social factors on their businesses and take action on critical environmental challenges like GHG emissions, water use and waste management. Certain sectors like cement have emerged as leaders in reducing their environmental impact. In the process, their operations have become benchmarks for the global cement industry. On the other hand sectors like power (especially thermal power) still have a long way to go to mitigate their environmental footprint. At present, many power plants are facing various sustainability risks such as fuel shortages, inefficient operations and friction from local communities who live around their plant facilities.

Interestingly, companies who cite CSR as the main driver for GHG management have seen the most declines in their GHG emissions. It is expected that new regulations in form of Renewable Purchase Obligations (RPO) and Perform Achieve Trade (PAT) will further reduce energy & emission intensities in near future.

Natural Resources Management The survey findings are: 42% of the companies are measuring and managing their water use. As a result, per company water use intensities have gone down by 5% annually. Resource efficiency is becoming an important business issue and hence there are more companies this year who have started analyzing medium and long term risks associated with natural resources. Corporate Governance, Stakeholder Engagement, & Disclosure The survey shows that: Board involvement has an impact on sustainability performance, especially if they are able to set up sustainability reporting structures in the organization. However only 14% of the Boards are currently focusing their energies on setting up sustainability departments within their organization. There is a new trend emerging of making the supply chain sustainable. 11% of the respondent companies are focusing their efforts on such issues.

FE-EVI Survey: A Survey to Measure Corporate Sustainability Performance

This year's survey continues from where we left it last year. It has sought to capture performance improvements on key sustainability metrics such as GHG emissions, energy use, water and waste management. It also sought to understand the kind of management systems companies are putting in place to make sustainability oriented decisionmaking systemic within their company.

Key Findings
Climate Change and Environment The survey reveals that: The efforts on managing GHG emissions and energy use are starting to show results. Overall GHG intensities have decreased at anannual rate of 10% (taken over revenue).

FE-EVI Green Business Survey 2011-12

Climate Change and Environment

The Current Landscape
2012 will be a watershed year for environmental legislation. In June, world leaders, advocacy organizations, and civil-society groups will meet at Rio de Janeiro to recommit themselves to collectively work on global issues of sustainable development at the Rio+20 UN Sustainable Development conference. In December, the world's attention will shift to Doha, Qatar, where the Kyoto Protocol will be renegotiated. Both these conferences will set the course on how the world balances the challenges of climate change, environmental degradation, social inequity, and robust economic growth. These conferences should also provide clarity on how the carbon markets will be structured in the post-Kyoto world. Closer home, irrespective of what happens globally, the Indian Government has embarked on a path to enable Indian industry to improve their energy efficiencies and reduce their GHG emissions. The Perform, Achieve, Trade (PAT) and Renewable Energy Certificates (REC) schemes will have a significant impact on how a company makes its energy usage and purchase decisions. These programs combined with other government schemes like the National Solar Mission, have the potential to drastically reshape India's energy profile. However, the risk of a global economic slowdown and a paralyzed policy environment might result in corporate climate change mitigation actions taking a backseat in the coming year. In such a scenario, business leaders will need to recommit themselves to keeping their sustainability commitments.

What Our Survey Covers

The Climate Change and Environment section of the survey sought to understand the steps companies are taking to help mitigate climate change and manage other environmental issues. Questions were designed to gauge the performance of companies when it comes to: Measuring their energy use and resultant GHG emissions Strategies and initiatives taken to improve energy efficiency and decrease air emissions

Business Response To Climate Change Survey Insights

Companies With Active GHG Management Plans Have Lower Energy Consumption Growth Rates Absolute CO2e emissions of companies who have reported their GHG emissions for the last three years have gone up by 4% over the last year. During the same time period, GHG emissions intensities have declined at the rate of 10% annually (overall intensity calculated over revenues). It should be kept in mind that while the GHG performance of the surveyed companies has improved, they are still collectively emitting more than 52 million tonnes of CO2e (Figure 1) into the atmosphere. Emission reduction measures are continually needed to be put in place by companies in order to help avoid catastrophic climate change.

Corporate Indias Green Initiatives Towards Sustainability

Absolute Co2e Emissions (million tonnes)

52.1

49.7 48.4

2008 - 09

2009 - 10

2010 - 11

Figure 1: Rise in absolute GHG emissions (2008-10)

9.41 % 2008 - 11 4.12 %

Annual rate of growth for Absolute Energy Consumption for companies with robust GHG management programs

Industry wide annual rate of growth for Absolute Energy Consumption

Companies are Starting to see The Inter-linkages Between Climate Change and Natural Resource Scarcity Companies also look upon addressing climate change concerns as a way to mitigate risk. 70% of the surveyed companies felt that climate change posed an imminent threat to their business in the future. Out of these companies, the issue of greatest concern, was the physical risk of climate change (83%), which included water scarcity and increase in salinity of coastal soils. Cement sector and food based FMCG companies are particularly worried about these impacts since their business operations depend on the availability of large quantities of fresh water. As climate change starts to threaten timely availability of resources, we see these concerns spreading to the power, real estate, and the chemical and fertilizer sector as well. CSR is The Strongest Driver for Reducing GHG Emissions; Regulatory Pressures Have Not Yet Taken Affect For 82% of the surveyed companies, the biggest reason to manage their GHG emissions is because such action results in improving operational efficiencies. 78% of the companies were looking to derive brand building benefits from this exercise, especially since more than 42% of the companies have felt some pressure from their stakeholders to address the issue of climate change. However, when actual performance on reducing GHG intensities was compared with drivers for managing emissions, companies that stated CSR as a driving force saw a 3.7% drop in emissions intensities (Figure 4). Similarly, companies that stated regulatory pressures as a driver for managing emissions, saw their GHG emissions intensities rise by 2.4%. This may be because most climate or energy related regulation has been passed by the Government only recently. The impact from these regulations will be seen in the near future.

Figure 2: Annual rate of growth of GHG emissions and energy consumption

The survey also revealed that companies with active GHG management programs have seen a much lower rise in their energy consumption as compared to the industry average (Figure 2). Sector Specific Performance The auto, IT, chemicals, FMCG, steel and cement sectors have seen a drop in their GHG intensities (Figure 3).
% change in absolute CO2e emissions and CO2e emissions intensity (CAGR: 2008-11)
10.10% 1.60% 1.41%

10% 2.48%

-0.16%

-0.32%

-0.03%

-0.78%

-0.06%

-1.22%

2.70%

-4.23%

Metals & Mining

Steel

FMCG

Cement

Chemicals

Pharma

Auto

% Annual rise in absolute CO2e emissions (CAGR: 2008 - 11) % Change in CO2e intensity (CAGR: 2008 - 11)

Figure 3: Absolute and Intensity Changes for CO2e by sector (CAGR: 2008-10)

FE-EVI Green Business Survey 2011-12

IT

-7.16%

0.83%

2.23%

Change in GHG Emissions Intensity

2.40% 2.40% 1.30% -3.70% -2.70% -2.50% Regulatory Pressures Stakeholder Demand Brand Building CSR Operational Efficiency Peer Pressure

Key Takeaways from Climate Change Mitigation Management

The Drivers for Managing for Climate Change are Becoming Stronger Companies have made progress on reducing their emissions, but improvements will have to be continuous and exponential in nature because of strong financial, environmental, and regulatory pressures that continue to evolve around this topic. Reasons companies should continue to focus on managing for climate change include: Rising fuel prices; shortage of supply: Fuel prices continue to rise. Over the last year, the cost of Brent crude has gone up by 34%. Coal prices have increased by 7%. Coupled with shortages of fuels like coal and natural gas, companies will face severe fuel-related challenges. In this scenario, using these resources efficiently becomes essential. Greater efficiencies also result in declining GHG emissions, a goal companies need to shoot for. Government regulation has kicked in. Whether it is the PAT scheme, or Renewable Energy Credits (RECs) domestically or the Aviation Bill in EU that charges a carbon tax to airlines, governments are no longer sitting idly by. If managed properly, these regulations can result in financial benefits for companies who are proactive about managing their GHG emissions. Those who do not will face severe financial disincentives for continuing to pollute. The environment: The environment is not waiting for us to get our act together. As GHG concentrations in the atmosphere rise due to human activity, the probability of us facing catastrophic climate change within our lifetime is very high. Studies reveal that global GHG emissions rose by 3.2% last year1. Companies need to press ahead with efforts to mitigate their impact, understand the risks they face and develop adaptation strategies for a climate changed planet.

Figure 4: The influence of drivers on GHG emissions intensities

Solar is Fast Becoming The Renewable Energy of Choice Purchase of renewable energy is one of the best ways of securing energy supply and decreasing operational GHG emissions. With schemes such as Renewable Purchase Obligations (RPOs) coming into force, renewable energy investments may see a rise. Out of the various renewable energy technologies, 48% of the total investment during the next year is going to be spent on solar power (Figure 6).
6%

22% 48% Solar Wind Biomass Hydro 32%

Figure 5: Proposed Investment in Renewable Energy (2012-13)

IndusInd Bank Ltd.

A Case in Renewable Energy Deployment Partnering with Wipro EcoEnergy, IndusInd bank is rolling-out solar approximately 100 powered ATMs in B and C class cities. Solar PV panels of around 1.32 kW is installed on the roof-top / terrace space of each ATM infrastructure and synchronized with the battery bank to continuously power the ATM for its 24 Hrs operation.

Corporate Indias Green Initiatives Towards Sustainability

The Way Forward

The path to a low-carbon future will be forged by civil-societies, policy-makers, and corporations working together. Working alone, the actions of each group will fail. Our suggestions for two of these groups are: For Regulators: Improve the investment climate for cleaner sources of energy. Create strong policies or incentives for companies to invest in slashing transmission & distribution losses of power. Take a serious look at implementing smart grid technology. Ensure that all policies as part of National Action Plan on Climate Change (NAPCC) are implemented in true spirit. The policy regime should be reviewed and updated regularly to ensure these are conducive for companies to take actions. For business: Improve R&D on energy management. There is no other way to leap-frog into the future of energy conservation. In addition, invest in renewables and energy efficiency projects to improve energy security, reduce GHG emissions, and curtail costs. Take proactive steps towards meeting emerging compliance requirements like PAT/RPO. Decisions should be based on creating long term strategic advantages and not focus short term costs but also on.

The State of the Climate, April 2012, http://www.ncdc.noaa.gov/sotc/

FE-EVI Green Business Survey 2011-12

Natural Resource Management

The Current Landscape
Last year's survey revealed that for most of India's largest companies, water (79%) and fossil fuels (63%) were the most critical natural resources because of uncertainty about resource availability and price volatility concerns. A year later, these concerns have only increased. 88% companies surveyed this year state water as a critical resource, while 67% are worried about the price fluctuations of petroleum and other oil-based fuels (Figure 7). Other resources such as land availability have fared no better (concern levels are up from 32% last year to 41% this year). Increasing concern over the resource crunch is forcing several stakeholders to exercise their influence over ownership of resources. From local communities stalling projects over land rights issues, to international governments putting a restriction on the amount of natural resources that can be taken out of their countries (Indonesia, coal), the influence of natural resources on company costs and operations is becoming increasingly significant with each passing year.
88% 79% 67% 63% 41% 32% 26% 41% 32% 22% 2009 - 10 2010 - 11

Manage resource use Understand the risks and opportunities arising from their dependence on natural resources

In addition to understanding their management systems for all resource use, the survey particularly sought to understand how water and waste are being managed by Indian companies.

Business Response To Natural Resource Management - Survey Insights

The 2011-12 survey revealed that companies are deploying multi-pronged strategies to manage their natural resource consumption. 88% of the companies view measuring resource consumption as a key activity to manage natural resources, while 83% of the companies are working to improve employee awareness and focusing on behavioural change. Nearly 80% of the companies surveyed are working on implementing resource conservation and management strategies. Regulation is of Key Concern To Companies; Conflict With Local Communities Remains Low On Priority. Companies are increasingly concerned about the regulatory response towards access to natural resources. 75% of the companies surveyed are concerned about regulation as opposed to just 20% last year (Figure 8). Given the socio-political scenario in the country, such concerns are found to be valid, especially with the increased focus of regulators on protecting the rights of the local communities and their access to natural resources.

0* Water Oil Based Fuels Land Coal

0* Soil Minerals

Figure 6: Natural resources in order of criticality for companies (Top 6)

What Our Survey Covers The Natural Resource Management section of the survey sought to understand how companies are managing their natural resource use. Questions were designed to gauge whether companies have formal systems that allow them to:

* Numbers for coal and soil were not asked last year

Corporate Indias Green Initiatives Towards Sustainability

Local communities

Sector Specific Performance

7% 20%

3.86% 6.83%

-10.19% 5.14%

7.86%

Regulations

75%

11.83%

2009 - 10 2010 - 11

1.33% -1.76%

-0.93%

-3.37%

-0.89%

1.32%

-0.52%

-0.80%

-0.21%

82%

Price fluctuations

25% 85%

BFSI

Metals & Mining

Steel

-0.92%

0.00%

Scarcity of raw materials

Chemicals & Fertilizers

Cement

Figure 7: Top challenges around natural resource management

However, considering that several regulations are centered on preventing the exploitation of rights of local communities, it is surprising that companies are not more concerned about their interactions with surrounding communities. A lack of understanding on how to deal with these external stakeholders might result in companies facing significant challenges in the future. Water Management is Improving; Yet The Risks Remain Grave The survey results for this year show a decline in average water consumption growth as well as water use intensities across companies. Average water consumption per company is increasing at a rate of 2.4% annually. Water use intensities (kiloliters/ton of production) per company have been decreasing by an average of 5% annually. However, though the relative numbers show improvement, in absolute terms, cumulative water consumption has gone up by 8.7% over the last three years. The impact of this water use in the current year is that the surveyed companies are consuming more than 657 million kilo-liters of water annually (Figure 12), a quantity of water that would drain the Dal Lake in Srinagar twice over. The cumulative annual growth rate of 8.7% means that an additional 57 million kilo-liters of water will be required next year.
In Million KL
800 704 657 600 555 2008 - 09 2009 - 10 2010 - 11

% Change in absolute water consumption (CAGR: 2008 - 11) % Change in Intensity

Figure 9: Percent change in absolute water consumption and water use intensity across sectors

Companies that have successfully reduced their water usage have used various means to achieve the outcome. There is a clear uptrend towards companies engaging in water recycling and water harvesting. Companies are also trying to spread awareness about water conservation among their employees to bring about a positive change in their water usage patterns.

Others 5%

Operational efficiency 24% Employee awareness/ Behavioral change 24%

Water recycling 25%

Water conservation/ harvesting 22%

Figure 10: Primary means of reducing water usage undertaken by companies

400

200

Water Consumption (KL)

Figure 8: Cumulative water consumption

FE-EVI Green Business Survey 2011-12

Pharma

Power

FMCG

Auto

IT

-3.52%

90%

2.64%

3.27%

Business Response to Waste Management Survey Insights

Waste Management Not Taken Seriously Enough; Yet To Take Its Rightful Place In Corporate Planning India's industry has seen rapid industrial growth over the last three years. Revenue numbers have gone up by an average of 7% during this period. Average industrial production growth over the same three year period has been 6%. In this phase of industrial growth, hazardous waste levels have declined by 12% and nonhazardous waste levels has gone up by 42.6%. Though companies are managing waste as per regulatory requirement, however quantum of waste production should be a cause for concern, because the cumulative non-hazardous waste produced annually by the surveyed companies is equivalent to the amount of municipal solid waste produced by New Delhi over a period of 16 years! Companies need to innovate to reduce waste generation apart from managing generated waste. Sector Specific Performance Waste is clearly a priority for some sectors, whereas other sectors are less inclined to track waste due to the non-intensive nature of their business. Reporting on waste is scattered at best and hence it becomes difficult to compare performance for all sectors. The data below (Figure 11, 12) highlights performance for those sectors with at least 75% reporting - Cement, Chemicals & Fertilizers, FMCG (Non Hazardous), Metals & Mining, and Steel (Hazardous).

% change in absolute non hazardous waste production (CAGR : 2008-11)

15.52%

0.60%

FMCG

Chemicals & Fertilizers

Metals & Mining

Cement

-0.52%

-0.83%

Figure 12: Sectoral change in absolute non hazardous waste production

Key Takeaways for Natural Resource Management

Companies Need To Track and Understand Evolving Environmental Regulation Closely Given the scarcity of resources due to increasing populations, rising per capita demands, and affects of climate change, governments will be forced to revise or introduce legislation governing natural resource use. Regulation on water is inevitable since existing regulations are weak and out-dated. In such a scenario, it becomes imperative for companies to track environment regulations, more specifically, companies should also pay attention to regulation around waste disposal and land use, as it is expected that both these issues will become more contentious as the resource crunch increases in the future. Companies Need To Link Natural Resource Management with Demands of External Stakeholder Companies are still not linking risks arising from natural resource procurement and consumption with the demands for those resources by external stakeholders. This is evident from the fact that companies still do not have robust stakeholder engagement frameworks that allow them to assess how environmental and social demands of stakeholders will impact business operations. It is important that companies begin to understand these linkages since external stakeholders are competing for the same finite resources and a winwin situation needs to be created in order to avoid future conflict.

% change in absolute hazardous waste production (CAGR : 2008-11)

19.37%

8.55%

-0.36%

-0.50%

Chemicals & Fertilizers

Metals & Mining

Cement

Steel

Figure 11: Sectoral change in absolute hazardous waste production

Corporate Indias Green Initiatives Towards Sustainability

Trend Watch: Companies are Putting in Place Systems That Put Greater Emphasis on The Environmental and Social Impacts of Their Natural Resource Use With 45% of the companies saying that they consider themselves responsible for natural resource use during the procurement and preprocessing stage of the product life-cycle and 70% setting policies that cover rehabilitation, sourcing, or bio-diversity, we see a rise in companies taking ownership of where and how they procure their natural resources-in order to manage for environmental and social factors.

Maruti Suzuki (India) Ltd

A Case for Waste Management Maruti has several waste reduction programs. It conducts an End of Life of Vehicle (ELV) Directive which aims at elimination of hazardous substances for 43 components across all models (except Onmi, Gypsy & Maruti 800). A total of 8471.80 MT of metal scrap has been sent to vendors for making small components. The company also sends its hazardous waste for coprocessing to the cement industry avoiding the need for incineration or sending it to the land-fill

The Way Forward

The companies surveyed have started measuring their consumption of natural resources closely. However, merely measuring use will not address the fast-changing natural resource scenario that is arising due to scarcity, price volatility, emerging regulation and stakeholder demand. In order to stay ahead of the curve, we suggest a threepronged strategy to companies (Figure 15): Understand what resources in the companys value chain are subject to the greatest environmental and social risks. Establish policies that address the environmental and social aspects of sourcing and use of natural resources. Integrate local stakeholder concerns while designing policies. Increase resource use efficiency drastically and increase spending on R&D that focuses on finding sustainable substitutes for natural resources that have the greatest environmental and social risk associated with them.

LOreal India Pvt Ltd

A Case for Product Recycling For 5 years, L'Oral has been implementing a stringent forestry certification policy for its packaging, which enables it to declare over 90% of its cardboard boxes as certified by the FSC (Forestry Stewardship Council). At the same time, the group conducts actions aimed at reducing the weight and volume of its packaging and lessening its impact on the environment.

Understand Sustainability Risk

Establish Sourcing Policies

Increase resource use efficiency and spend on R&D

FE-EVI Green Business Survey 2011-12

Corporate Governance, Disclosure & Stakeholder Engagement

The Current Landscape
The Indian Government has been very progressive about ensuring that sustainable development becomes part of the national growth story. Over the past few years it has introduced several policies that mandate companies to build sustainability models into their corporate structures. There are two policies that will significantly impact the decisions that are taken in the Boardroom. The Companies Bill mandates that corporations spend 2% of their profits on CSR activities. This decision will radically transform how corporate India engages with society. Given that the average CSR spend is around 1% today, this doubling of monies will force corporate Boards to be more involved in the manner in which their profits are distributed. Focus might shift to working on projects that mitigate the company's impact on society and environment as well as maximize the brand equity that the company can derive from this effort. The second decision, taken by the Department of Public Enterprise has mandated sustainable development activities for all central public sector organizations. These activities are part of the annual MoU that PSU companies sign with the Government of India. Both these regulations point towards a more involved corporate Boardroom on sustainability. With PSUs taking the lead, it will be difficult for the Boardrooms of private sector companies to be indifferent about their company's sustainability agenda. How involved is the Board of Directors and top management of the companies when it comes to addressing sustainability issues and what has been the impact of their involvement The reporting and accountability structures in place that allow companies to implement sustainability in their organization The number of years companies have been disclosing their sustainability performance publicly through sustainability reporting How well companies identify their key stakeholders and the manner in which they engage with them

B u s i n e s s R e s p o n s e To C o r p o ra t e Governance & Disclosure-Survey Insights

Board Involvement Remains Low; Most Concerned About Organizational Footprint Corporate Boards are still ambivalent about discussing and prioritizing sustainability performance of their companies. Only 42% of the surveyed companies had Board level committees to address sustainability. The most common agenda for Boards has been to endorse carbon and water footprint measurement exercises for their organizations. Boards Are Endorsing The Setting Up Of Corporate Sustainability Structures; Sustainable Product Development The key to successfully implementing sustainability strategies is to ensure that sustainability responsibilities are embedded into existing corporate structures. Of the companies where the Board has included sustainability as part of its discussion, 14% are focused on ensuring that sustainability implementation structures are set-up within the organization. 10% are focused on developing sustainability policies.

What Our Survey Covers

Under the corporate governance, disclosure and stakeholder engagement section we have sought the following information from the companies:

Corporate Indias Green Initiatives Towards Sustainability

11

Another aspect of moving forward on the sustainability agenda is to start developing products and services that incorporate sustainability into their DNA. 12% of the Boards are endorsing the inclusion of sustainability metrics into product development and giving a push to increase R&D on green products.

Trend Watch
The survey period saw a 15% rise in the number of companies releasing sustainability reports. We believe that this trend will continue over the coming year.

Several companies are starting to evolve sustainability roadmaps and introduce sustainability KRAs for their employees. This trend is on the rise and we see companies starting to derive benefits from this approach. The cement sector is an outstanding example of how companies can become industry leaders by focusing on sustainability aspects such as resource efficiencies, green R&D, and effective stakeholder engagement. Such an approach needs to spread across sectors and companies if industry plans to continue to remain competitive.

The Way Forward Business Response To Stakeholder Engagement - Survey Insights

Lack Of Awareness Among Stakeholders and Meeting Stakeholder Expectations are The Biggest Challenges When It Comes To Working With Local Communities A company's relationship with local communities goes a long way in ensuring disruption free operations. However as companies try and engage with local communities, 58% cite the community's lack of awareness about sustainability as one of the biggest challenges of the engagement process. Most companies try and overcome this challenge by organizing awareness and training programs among the communities (32.5% of surveyed companies). Additionally, dialogue (8% of surveyed companies) and CSR activities (32% of survey companies) help companies understand local community expectations (49%) - another key challenge for corporate departments. While progress has been made on embedding sustainability into corporate structures, companies still have a long way to go before they can start to see actual benefits from their initiatives. Since the principles of sustainability management ask companies to re-orient the way they analyze and act on data and information, the change and the impact of sustainability action will only be visible in the midto-long run. Companies can better facilitate this evolutionary process by: Developing short, mid, and long-term sustainability roadmaps: These roadmaps should chalk out what sustainability aspects are relevant for a company, the low-hanging fruit that can serve as success stories, and the overall strategy that the company will follow. Such roadmaps can also help effectively communicate their sustainability plans with their stakeholders. Develop financial linkages for sustainability actions: Since most corporate decision-making is still focused on the financial impact of their actions, companies should spend time analyzing how sustainability initiatives will translate into financial metrics. Such efforts will give an added incentive to implementing them. However, since not all sustainability decisions result in short-term financial gain, care must be taken about how companies make 'go-no-go' decisions on sustainability initiatives. In such cases, corporate sustainability roadmaps can help contextualize the decision-at-hand.

Key Takeaways From Corporate Governance & Disclosure

Companies are Better Embedding Sustainability Into Their Corporate Structures; Clear Sustainability Leaders Are Emerging Sustainability is no longer an unknown management principle. Several companies are beginning to understand the strategic importance of incorporating sustainability metrics in their decision-making.

FE-EVI Green Business Survey 2011-12

FE-EVI Green Business Survey Rankings 2011-12

India's Sustainability Leaders
Sustainability leaders across sectors have a few things in common: They have been very pro-active about managing their GHG emissions, energy use, water consumption and waste disposal They have a well structured stakeholder engagement plans and have created specialized departments to drive sustainability initiatives across their organizations They have committed to disclosing their sustainability performance through their sustainability reports In addition, these companies have achieve significant reductions in the energy, water and waste reduction intensities. The 2011-12 FE-EVI Green Business Leadership Award Winners are:

Company

Sector

Mahindra & Mahindra Ltd

Automobile

Shree Cement Ltd

Cement

Tata Chemicals Ltd

Chemical & Fertilizers

Tata Coffee Ltd

FMCG

Cognizant Technology Solutions

Information Technology

Essar Steel

Metals

Larsen & Toubro Ltd (Heavy Engineering)

Other Manufacturing

Jain Irrigation System Ltd

Other Services

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Participating Companies

Auto

BFSI

Cement

Chemicals & Fertilizers

Mahindra & Mahindra Ltd TVS Motor Company Ashok Leyland Ltd KMC Escorts Ltd Maruti Suzuki India Ltd

Citibank India ICICI Bank Ltd ING Vysya Bank Ltd Axis Bank Ltd Multi Commodity Exchange of India IndusInd Bank Ltd

OCL India Ltd JK Lakshmi Cement Ltd JK Cement Ltd, Nimbahera ACC Ltd Shree Cement Ltd Ambuja Cements Ltd Binani Cement Ltd

Chambal Fertilizers & Chemicals Ltd Rashtriya Chemicals & Fertilizers Ltd Tata Chemicals Ltd Gujarat Narmada Valley Fertilizers Company Ltd Camlin Fine Chemicals Ltd AkzoNobel India Ltd

FMCG

IT

Metals & Mining

Pharma

Tata Coffee Ltd Dabur India Ltd JVL Agro Industries Ltd L'Oreal India Pvt Ltd Tupperware India

Cognizant Technology Solutions HCL Technologies Ltd Infosys Ltd Zensar Technologies Ltd

Sesa Goa Ltd Sterlite Industries India Ltd Neyveli Lignite Corporation Ltd

Aventis Pharma Cipla Ltd Orchid Chemicals & Pharmaceuticals Ltd Dr. Reddy's Laboratories Ltd

Power

Real Estate & Infra

Steel

Suzlon Energy Ltd The Tata Power Company Ltd Triveni Engineering & Industries Ltd (Cogen Power Plant) Godavari Biorefineries Ltd (Sugar Based Cogen Plant) A D Hydro Power Ltd Surana Green Power Ltd Kalpataru Power Transmission Ltd Reliance Infrastructure Ltd (Dahanu Thermal Power Station)

Hindustan Construction Company Ltd Tata Projects Ltd IL&FS Engineering and Construction Company Ltd Marathon Realty Pvt Ltd

Essar Steel JSW Ispat Steel Ltd Mahindra Ugine Steel Company Ltd

Other Manufacturing

Other Services

Hero Cycles Ltd Sterlite Technologies Ltd Arvind Ltd DCM Shriram Consolidated Ltd Tamil Nadu Newsprint and Papers Ltd JK Tyre & Industries Ltd ABG Shipyard Ltd Honeywell Automation India Ltd Exide Industries Ltd Larsen & Toubro Ltd (Heavy Engineering IC) Cummins Technologies India Ltd Indian Oil Corporation Ltd

Essar Shipping Ltd The Orchid Hotel Jain Irrigation Systems Ltd Larsen & Toubro Ltd (Hydrocarbon IC) Agriculture Department , Goverment of Maharashatra Vodafone India Ltd

FE-EVI Green Business Survey 2011-12

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FE-EVI Survey Methodology

Background and Objectives

The FE-EVI Green Business Survey as an annual exercise was initiated in 2008. In the first year (2008-09) we gauged the awareness of Indian businesses on the issue of climate change. The focus of the survey changed to assessing the intent for actions related to climate change in the second year (2009-10). The third edition in financial year 2010-2011 expanded its horizons to include the impact of actions undertaken.

Sustainability assessment and disclosure standards like those of Global Reporting Initiative (GRI) and Carbon Disclosure Project (CDP) were also studied and key aspects were adapted for this survey so that the results are comparable In global context.

Questionnaire Design
The questions captured awareness, initiatives, and quantifiable metrics and were used to measure a company's progress over time. 95% questions were close ended.

2008 -09

Focus on Awareness

Role of Jury
2009 -10

Focus on Intent

A jury of 5 experts from industry, academia and policy was brought together to serve as guides and independent assessors for the evaluation process. Their role helped crystallize the ranking methodology.

2010 -11

Focus on Actions

Profile of Respondents
2011 - 12

Focus on Performance

Building on the last three editions, this year's survey rates the performance of Indian companies on sustainability parameters. The key study assessment areas are: Climate Change and Environment Natural Resources management Stakeholder Engagement and CSR Corporate Governance and Disclosure

Top 500 companies (revenue-wise) of India were chosen for this year's survey. Personnel specific to relevant departments in these companies were approached to respond to the survey. Responses from a total of 73 Indian companies encompassing 11 sectors were considered for this study. A list of all the respondent companies is given at the beginning of this report.

Ranking Framework
All the respondent companies were clubbed into 11 sector categories. In addition there were 2 categories for Other manufacturing and heavy industry and Other Service Industries. The survey aimed at identifying the top performing companies in each sector.

The survey evaluates corporate action over a period of three years - 2008-09, 2009-10, and 2010-11.

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The ranking was done on the basis of evaluation of the questionnaires filled by the company. The evaluation was done as explained below. Every company had to answer two sets of questions;

The distribution of the marks among the sections was done as follows,

Sector Set (5)

General Set (100)

For the overall section marks, its relative importance in the current sustainability scenario was a parameter to distribute marks. For each individual section, sub-section marks were distributed based on the quantitative questions it had, whose data could be mapped to a performance parameter. For each sub-section, different questions were allotted different marks based on its relevance in judging performance of a company.

Final Rankings

General Set: Common set of questions for all the companies Sector specific set: Specific set of questions for companies belonging to a respective sector.

The entire process of ranking was validated by an independent jury of experts. In addition, telephonic interviews were conducted with companies to understand their initiatives in greater details. All companies have been analyzed on their performance in Climate change and Environment, Natural Resource Management, Stakeholder Engagement, and Corporate Governance and Disclosure.

The weightage given to general set was 100 marks and to Sector set was 20 marks. The weightage given to the 4 assessment areas of general section are shown in the graphic below.

Climate change & Environment (33.25) (Scaled Down to 35)

Natural Resources Management(33.75) (Scaled Down to 30]

Stakeholder Engagement & CSR(25) (Scaled Down to 20)

Corporate Governance & Disclosure(16.5) (Scaled Down to 15)

GHG -10.75 Energy-9.5 LCA-5 Carbon Finance-5 Risk Assessment-5

NRM-13 Water Usage & Management-11.25 Waste Management9.5

Stakeholder Engagement-21 CSR-4

Disclosure-6 Corporate Governance-10.5

FE-EVI Green Business Survey 2011-12

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Jury Profile

K Subramanya
Former CEO, Tata BP Solar Mr Subramanya's single minded devotion to the environment and passion towards solar helped Tata BP Solar become India's largest solar company. Under his vision and stewardship, Tata BP Solar chronicled many achievements, some firsts and many distinct, in the Indian solar industry. His knowledge and articulation of Renewable Energy industry in general and Solar, in particular, makes him a preferred speaker at national and international forums. Mr Subramanya's other professional associations are : Chairman, Solar Energy Task Force, Federation of Indian Chamber Of Commerce & Industry (FICCI); Member, CII National Climate Change Council 2011-12; Fellow, World Academy Of Productive Science. He was conferred the award 'Electronics Man of the Year2010' by the popular publication Electronics For You for his outstanding contribution to the Solar industry and the ISA 2011 Sarabhai Award winner from promoting clean technology.

V Subramanian
CEO & Secretary General, Indian Wind Energy Association V. Subramanian is the CEO & Secretary General of the Indian Wind Energy Association. He was also the Business Development Adviser to the Council for Scientific and Industrial Research in 2008-09. He is a 1971 batch officer of the Indian Administrative Service from West Bengal and superannuated in June 2008 as Secretary in the Ministry of New and Renewable Energy in the Government of India. He undertook path breaking initiatives that resulted in more than doubling the grid connected renewable power generation capacity in less than three years. He has occupied various important positions in the Government of West Bengal and the Government of India. His rich experience cuts across various sectors like Finance, Aviation, Energy, and Labour among others. He was also the Adviser to the Government of Mozambique for three years and also the Secretary to the State Government in the Departments of Power and Labour. He was Additional Secretary and Financial Adviser in the Ministry of Civil Aviation and Tourism and was on the Boards of Air India, Indian Airlines, Airports Authority of India, Helicopters Corporation of India, Indian Tourism Development Corporation and a host of other PSEs.

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Dr Prem C Jain
Chairman and Founder of Spectral Services Consultants Dr Jain is the Founder and Chairman Spectral Services Consultants Pvt. Ltd, An AECOM Company, India's Leading Consultancy organization, pioneering in design of Green Buildings services systems. Spectral has the distinct honour of having designed services system for 21 LEED Platinum Rated green buildings. Dr Jain is also the Chairman of Indian Green Building Council and the Chairman for CII-IGBC's annual International Green building Congress from 2007 onwards. He is Fellow of a large number of International Societies. He has been listed in Marquis Who's Who in the World and in Marquis Who's Who in Science & Engineering from 1997 onwards, and in Baron's "The Asia 500 Leaders For The New century. He has a brilliant academic background in Engineering culminating into Doctor of Philosophy in Mechanical Engineering from the University of Minnesota, USA with a perfect score of 4.0. He is the first practicing engineer in India to have been nominated in 1995, Fellow of the ASHRAE USA in its history of a hundred years. He is the founder President of ASHRAE-INDIA Chapter. In 2005, he was bestowed with ASHRAE's highest honour DISTINGUISHED FELLOW award.

Vinod K. Kala
Founder and Managing Director, Emergent Ventures India Mr Kala is the founder and Managing Director of Emergent Ventures India (EVI), a leading integrated climate change and clean energy firm with a pan-Asia presence. He has been instrumental in developing innovative solutions combining technology and finance and has led the expansion of EVI into areas of renewable energy and technology development. He has over 20 years of experience in business strategy, financial engineering and organizational development. He has also led acquisitions and the creation of successful strategic alliances across various sectors in India and Southeast Asia. Vinod holds a PGDM from IIM, Ahmedabad and a BE in Mechanical Engineering from Malviya NIT, Jaipur.

Subhomoy Bhattarcharjee
Deputy Editor, The Indian Express Subhomoy Bhattacharjee is currently Deputy Editor with the The Indian Express. He has earlier worked with prestigious publications like Economic Times and Business Standard. He holds a masters degree in economics from the Delhi School of Economics and had qualified for the Group A of the Civil Services. He has written the first book in India on SEZs, which has been published by Anthem Press, an imprint of Wimbledon Publishing Company, London. Other than his columns in The Express Group publications, he also appears as an expert commentator for business news on radio and television and has lectured at IIMs as well as at journalism schools.

FE-EVI Green Business Survey 2011-12

Green Green Innovator Innovator Honours Honours

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Forward by Vinod Kala

The RIO+20 conference is close at hand. 20 years have elapsed when Earth Citizens took the challenge of 'sustainability'. Although significant progress has been made, and sustainability issues are becoming mainstream in the areas of policy, corporate strategy and life style choices, we have not succeeded in complete alignment. We still don't have an agreement on Climate Change regime beyond 2012. We have missed achieving Millennium Development Goals. This puts onus on Innovators to bring solutions to the market, which impact our environmental, social and development goals and accelerate the global sustainability momentum. Such Innovators will not only develop new technologies, but find new ways of applying existing technologies more effectively, and transform 'cost-value' relationship significantly to make the solutions attractive. Such innovators will also find new business models to rapidly improve market acceptance of the solutions. Innovation will also be needed in finding new regulatory constructs or new ways of financing, and new ways of helping communities participate in implementing and managing sustainability oriented investments. The challenges facing us are big. This environment is ripe for Innovations to occur. Emergent Ventures is attempting to catalyze innovation by identifying and rewarding those innovations which are 'unique' and pioneering, which can make a 'big impact' and which can 'scale up' rapidly. This is second year of such awards.

Choosing such innovations from the large list of nominations that we receive is a difficult exercise. Not all good innovations translate into reality and scale- up of innovations is fraught with many risks. It is difficult to factor in the differences in the present scale of impact, potential for future impact, target sectors of all the nominees and then compare them equally during selection. We found it difficult to find examples which scored high on all the three evaluation factors yet ' uniqueness', 'impact', 'scalability'. However, we feel that the nominees selected are worthy of recognition for scoring high on some of the three criteria we listed for our evaluation. However, with happiness we report that some of the winners this year have succeeded in business model innovations and show promise of impacting large populations in rural areas. We hope that the winners progress and become very successful in making the big impact that they envisioned. Our best wishes to them.

Vinod Kala Founder & Managing Director Emergent Ventures India

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Framework for Green Innovator Honours

Concept Methodology
Climate Change and Sustainable Development are two of the most pertinent issues of our time. A key to effectively addressing these issues will be to leap-frog in terms of technology. Additionally, these technologies would require rapid scale-up and distribution, a problem that is best resolved by entrepreneurs and business-minded people. The Green Innovator Honours was conceived to recognize entrepreneurs and organizations that are spearheading business innovation in climate change mitigation, adaptation, and sustainable development. The Honours seek to highlight companies who are "punching above their weight" in solving some of the biggest ecological, infrastructural, and equity challenges facing the nation today. The Honours sought to evaluate nominations from the following categories: Energy & power distribution, Natural resources management, Civic infrastructure challenges, Innovation at the bottom of the pyramid and Access to finance.

Evaluation
Companies were evaluated on the following criteria: Impact of the innovation on sustainability parameters of environment and society. The impact may have two dimensions potential as well as already achieved. Uniqueness of the innovation-how different, novel, superior the innovation is vis--vis other approaches in solving the problem or addressing a need. Scale-up potential of the innovation-this is the ability of the company in being able to rapidly grow and take the innovation to market. The driving factors includes market acceptance of the innovation, access to resources, business collaborations/partnerships, technical and organizational ability of the company.
Scalable Sustainability Impact Commercially Viable

Process Flow Evaluation

A three step process as depicted in the following figure was followed to determine the best innovations.

Green Business Innovator

The jury members conducted detailed interviews with the innovators to get a first-hand account of the idea, the company, their vision and growth plans, and their management team their drive and abilities.

Nominations

Initial Screening

Final Screening

Nominations were invited through advertisments in newspapers A total of 10 nominations were received

A set of questions for initial screening was sent to all participants Based on the initial screening by EVI, 4 companies were shortlisted

A phone interview was conducted for each of the short-listed companies by the independent jury Finally, 2 of the most innovative companies were selected

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Jury Profile

Shishir Priyadarshi
Director, World Trade Organization Shishir Priyadarshi is one of the Directors of the World Trade Organization. He heads the Development Division whose mandate is to facilitate work on all trade related developmental issues in the WTO, including those relating to the developmental aspects of the Doha negotiations, especially in so far as they relate to addressing the concerns of developing countries. Mr. Priyadarshi also leads WTO's work on sustainable development. He has a long experience of examining global trade and environment issues from a developing country perspective. He has played a key role in efforts aimed at increasing the trade related capacity of officials from developing countries. As an officer of the Indian Administrative Service, Mr. Priyadarshi has served in the Government of India in various capacities, including as a Director in the Cabinet Secretary's office, and as part of India's delegation to the WTO. He has also worked in the South Commission in Geneva, an organization, which was earlier headed by Prime Minister Dr Manmohan Singh. He has a Masters degree in Physics and one in Developmental Economics. He has written many papers on trade and development issues. He is also a visiting faculty in a number of international and national universities, including the London School of Economics and ISB, Hyderabad.

Vinod K. Kala
Founder and Managing Director, Emergent Ventures India Mr kala is the founder and Managing Director of Emergent Ventures India (EVI), a leading integrated climate change and clean energy firm with pan-Asia presence. He has been instrumental in developing innovative solutions combining technology and finance and has led the expansion of EVI into areas of renewable energy and technology development. He has over 20 years of experience in business strategy, financial engineering and organizational development. He has also led acquisitions and the creation of successful strategic alliances across various sectors in India and Southeast Asia. Vinod holds a PGDM from IIM, Ahmedabad and a BE in Mechanical Engineering from Malviya NIT, Jaipur.

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Participating Companies

Company
Giriraj Electronics, Surat

Business Description
Improved fuel burning efficiency through the use of H2O kit.

Toro Cooling Systems Pvt Ltd, Pune District

Low energy cooling solutions

Hanjer Biotech Energies Pvt Ltd, Mumbai

Solid waste processing

Sharada Inventions Pvt Ltd, Nashik

Solar driven central air-conditioners

Greenlight Planet, Mumbai

Providing solar lanterns to the people in the rural India

Kakatiya Energy Systems Ltd, Hyderabad

Automated switches

Shrijee Solar Structures, Mumbai

Structures for solar power plants

Geist Research Pvt Ltd, Bharuch

Recycling of water by filtering pure chemicals from waste water

Pro Nature Organic Foods Pvt Ltd, Bangalore

Promoting organic food consumption

Nandan Cleantec Ltd, Hyderabad

Bio-energy plantations

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Profile of Honourees
Nandan Cleantec Limited

Category

Natural Resource Management Increasing the yield of Jatropha cultivation in tonnage per hectare by 1.5 times, with an increase in the oil content of the seeds by 1.5-2 times. Nandan has found a solution to the difficult challenge of Jatropha oil yield and cultivation variability. We also appreciate their participative cultivation model that engages farmers in a meaningful manner

Innovation

Jury Comment:

About The Innovation Jatropha biodiesel fuel reduces GHG emissions by 66-68%. Priced on par or at a discount as compared to regular diesel, it was touted as a viable, eco-friendly replacement for fossil fuels. But, poor yield and variable supply of the Jatropha seed the source of Jatrpha oil resulted in a lessened adoption of this fuel. Nandan Cleantec has successfully increased the yield of Jatropha cultivation by 150% to 7.5 tonnes/hectare from the conventional yield of 5 tonnes/hectare. In addition, the oil content in the seeds is almost 5-7% more than the conventional seeds. Nandan Cleantec has also solved the problem of demand-supply variability through an innovative partnership model with village panchayats and farming communities. Business Model In addition to the technological innovations that have allowed Nandan to increase seed yields, it is the innovation in developing a catchment area for its seed crops that makes the company's business model unique. By creating several business models depending on the region where they operate they are able to create a robust supply chain for their seeds.Some of these business models are: Public Private (Panchayat) Partnership (P4): Utilizing the marginal land of panchayats for cultivation of the crop with the help of the small and marginal farmers employed under MRNREGS.
3

Self Help Group Linked: - Capacity building, training and skill development of people from local communities and buy-back of seeds at government declared market prices. NGO-Linked Contract Farming Model: - Identify and develop farmer clusters and provides them with quality planting material and bank credit support. Farmer clusters are assured of buy back under contract. Estate Farming Model: - Unutilized government owned marginal land is procured on a long term lease and developed for Jetropha farming. It results in mass employment generation for both skilled and unskilled labor force. Eventually, economic development of the region happens. Management The top management of the company comprises of Mr. Bhaskar Rao Volam, Managing Director of the company; Mr. Jaya Kumar Bhavanasi, Technical Director; Mr. Phaneesh Mudigondaa, Finance and Admin Director; Mr. C.S.Jadhav, Marketing Director. Achievements Nandan Cleantec have the following achievements to their credit: Winner of infoDev Top 50 SME competition. Dr. J. S. Juneja award for Creativity and Innovation for MSMEs by the All India Management Association. CRISIL SE1A for Highest performance and Highest financial capability for the year 2010. Looking Forward Nandan Cleantec is evolving its technology further to get a yield which is 2.5 times higher the conventional yield. They expect the crude oil production to increase from 50 litre/hour to 10001500 litre/hour.

InfoDev is a technology and innovation-led development finance program in the Financial and Private Sector Development (FPD) Vice Presidency of The World Bank and IFC

FE-EVI Green Business Survey 2011-12

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Greenlight Planet

Category

Energy and Power Distribution Solar Lanterns; longer lasting lithium ion batteries with better LED's which have longer time to replacement. A very unique business model to market it. Greenlight has a strong scale-up promise and potential for big impact.

Innovation

Jury Comment:

About The Innovation Sold under the brand name Sun King, Greenlight Planet's solar lanterns are 200% brighter than kerosene lamps and provide upto 16 hours of lighting on a day's charging. Compared to a conventional solar lantern, it provides longer battery life by using state-of-the-art lithium ion batteries. These solar lanterns have great potential to replace the conventional sources of energy like kerosene and fuel wood which are primary sources of CO2 and other air pollutants in rural households. Thus, the use of these solar lanterns clearly has climate change mitigation benefits in addition to having health benefits in the form of reduced exposure to various air pollutants. Business Model Greenlight Planet's business model strongly promotes rural development. Under the Direct-2Village scheme, Greenlight Planet trains and equips the local community with technical know-how to allow them to sell and provide after sale services for the product. The business model allows Greenlight Planet to penetrate into rural India while providing a source of revenue to the local rural community. In addition, Greenlight Planet's partnerships with organizations like TERI have allowed them to use their distribution network to reach out to newer markets.

Management Mayank Sekhsaria is the co-founder of Greenlight Planet. Prior to launching this social venture, Mayank worked with Google in Mountain View, California, where he developed and managed strategic partnerships. Mayank earned his degree in Electrical Engineering at the University of Illinois at Urbana-Champaign. Achievements Greenlight Planet has received numerous international awards Lighting Africa's Outstanding Product Awards in two categories. Recognized as the most innovative solar company in the BoP market by the global Solar for All initiative. Greenlight Planet's products have been highlighted and appreciated globally The Wall Street Journal (Solar Lanterns Bring Light to Rural India, December 7th, 2009) The Economist (Another Green Revolution, September 4th, 2009) Looking Forward Greenlight Planet's focus, so far, has been in Bihar and Orissa, where it has partnerships with 10002000 panchayats. However, the company is now focussed on spreading its presence across the country. For this, the scheme of Direct-2-Village is being pro-actively followed. Currently, there are about 1000 'saathis' under the scheme in the training period and that number is expected to grow multifold by the end of the year.

Corporate Indias Green Initiatives Towards Sustainability

Our Our Partners Partners

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Presenting Partner
Anu Solar

Anu Solar Power the brainchild of Mr T. J. Joseph, has been around for nearly three decades, and has had extensive and intensive exposure to the growth and development of the renewable energy sector in the country. The organizations founding fathers share a deep commitment to develop world class renewable energy products for the Indian masses, at affordable rates. One of the few companies with a significant and highly accomplished R&D team, Anu Solar Power has developed and customized a host of products, from solar water heaters, LED lights and solar inverters for the Indian scenario. The abiding force behind Anu Solar Power is the desire for India to be energy sufficient, and to harness a clean, renewable energy for economic growth. This motto has led to the development of a host of indigenous renewable energy products like solar water heaters, LED lights and solar inverters. We offer flat plate, and evacuated tub collector solar water heaters for both domestic and industrial use. Our range of LED lights are assembled at our state-of-the-art factory in Bangalore, and our solar inverter is one of the finest in the industry. Anu Solar Power pioneered a new method of deploying solar water heaters in homes when we launched I-Hot in 2009. The pay as you use concept, allows consumers to access hot water at an astounding15 paisa per unit, thus making solar water heaters highly accessible to the growing population. Products: Solar Water Heater (ETC)
100 LPD, 200 LPD, 250 LPD, 300 LPD, 500 LPD, 1000 LPD

Research & Development Headquartered in Bangalore, few companies engaged in the solar energy sector can boast of our size, spread of products and services or delivery of support. Our seamlessly integrated products are backed by extensive and intensive research, and perfected on par with international standards. Our large and constantly growing R&D team is driven by a deep commitment to innovation, and our products are developed keeping in mind niche needs of both domestic and commercial customers. Innovation We constantly raise the bar on performance, and thus, are early adopters of evacuated tube collector systems in the country. We are also one of the first to offer modular systems to commercial and industrial users. We now aggressively move towards adopting GRP tanks, which ensure high product durability to our customers. The hallmark of Anu Solar Power products is quality and perfection, it's what leads us to assemble our LED lights in-house rather than have them imported, and distributed. Our high quality inverters are developed in-house too. Our Strengths: Over 2 decades of experience in Renewable energy space Advanced Technology and Product Leader in the industry In-house production of complete solar systems Highest quality standards and excellent after sales service Value for money, products designed & developed indigenously Over 2 lakh solar water heater installations

Solar Water Heater (FPC) Solar Powered Led Lights Solar Power Generators Off Grid Power Solutions

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Associate Partner
PTC India Financial Services Ltd

The Eleventh five year plan contemplated additional generation capacity of 1,00,000 MW by March 2012. The plan accordingly envisaged additional investment of `INR 10,31,600 crores for growth and development power sector during the plan period. Private sector was expected to contribute 1/3rd of the additional investment. This was indeed a gigantic task. Private sectors participation needed specialized financial institutions which are not only able to raise additional resources required for supporting private power initiatives, but also to innovate new products and services conforming to the distinguishing needs of private power projects. In this background, committed to the development of power market and incentivizing the private investment in power sector, PTC India Ltd. (PTC) promoted PTC India Financial Services Limited (PFS) to act as a one stop provider of financial services, to begin with to private power projects. PTC India Financial Services Limited (PFS) is a systematically important non-deposit taking NBFC registered with Reserve Bank of India (RBI) and setup to devote itself exclusively for providing financial solutions to projects in the energy value chain. The Company has been conferred with the status of Infrastructure Finance Company during Fy11. Over the period of last four years, PFS has shaped itself into a fully grown financing institution. With strong parentage of PTC, business model of PFS is unique in itself. Structured as an NBFC, it is the only financing institution in the country that is devoted to private power projects and providing debt and equity linked products over life cycle of the projects.

Till now, PFS has sanctioned financial assistance portfolio of 60 projects aggregating to INR.7250 crores. The portfolio represents a wide range of green-field and brown-field projects in renewable as well as non-renewable space, and would help in creation of additional generation capacity of more than 20000 MW. The portfolio of PFS has been diversified to include solar power, EPC transmission projects and carbon financing. Uniqueness of PFS lies in developing and delivering structured products linked to equity or debt, tailored to risk profile and needs of specific projects in record timeframe. Thus PFS is not merely providing financial assistance but also add value to the project development process and that too by following a highly systematic and professional approach, said Mr. T.N. Thakur, CMD, PFS.

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Verification Partner

The fast-paced growth and development in India witnessed during last 10 years, catering to basic needs and aspirations of a billion people, has put rigorous strain on the natural resources causing almost irreversible damage to environment. However, a significant growth in awareness levels regarding environmental concerns has been witnessed in past couple of years. Climate change is now considered as a global threat, which needs immediate business attention. This Survey provides insights into the efforts pooled in by Indian businesses to grow in a sustainable manner and counter overriding issues like climate change. SGS would like to partner with these companies in their endeavors to combat climate change by offering a range of innovative services to manage risks and to explore mitigation opportunities.
- Mr. Shivananda Shetty, Director, Environmental Services.

About SGS India Pvt Ltd SGS is recognized as a global leader in inspection, validation, verification, testing and certification services. With global reach and local expertise SGS becomes a most convenient choice for a range of clients worldwide. SGS operates their range of services under various heads namely Environment, Industrial, Minerals, Steel, Textile, Oil & Gas, Chemicals, System Certification, Consumer Testing Services, Food and Agriculture. SGS Climate Change Program (SGS-CCP): SGSCCP offers a range of services addressing the growing need for mandatory and voluntary reporting of greenhouse gas emissions. The objective of the Programme is to facilitate trade in greenhouse gas (GHG) emissions and promote the harmonization of markets through the application of standardized validation and verification procedures. Currently, SGS Climate Change Program provides validation and verification service under following schemes/ certifications: Service Offerings Clean Development Mechanism (CDM) Joint Implementation (JI) Voluntary Carbon Standard (VCS) Gold Standard (GS) ISO 14064 / PAS2050/2060 EU Emissions Trading Scheme (EU-ETS) EU Emissions Trading Scheme (EU-ETS) for Aviation Sector Chicago Climate Exchange (CCX) Reducing Emissions from Deforestation and Degradation (REDD/ REDD+) EN 16001 Energy management System The World Commission on Dams (WCD) Biogenic CO2 Emissions

Validation Process As the verification partner to the event, SGS will ensure the authenticity and credibility of data collection, analysis and applied ranking methodology. An experienced SGS environmental team was present onsite to question and validate the process, ensure transparency and authenticate compilation of data and its analysis. The team also ensure that the jury decision is presented on the final day.

Corporate Indias Green Initiatives Towards Sustainability

About Emergent Ventures India

EVI is an integrated climate change and clean energy firm. EVI was founded in 2004 to help find ways to devise market based solutions to environmental problems. Since then, EVI has been working continually to further its mission - of finding ways to combine finance with low carbon technology to bring about solutions that mitigate climate change. We continue to work aggressively with industry, the financial sector, with government bodies and multilateral agencies to help pursue our mission. EVI has over 140 staff, with branch offices in Gurgaon, San Francisco, Jakarta, Singapore, Kuala Lumpur, Barcelona and Bangkok. Our team is an excited bunch of entrepreneurs, technologists, economists, community development workers, researchers, and managers. Website: http://www.emergent-ventures.com

About The Financial Express

Established in 1961, The Financial Express is an insightful business daily that offers comprehensive coverage of economic policy, business developments and market trends. With editions in Delhi, Chandigarh, Lucknow, Mumbai, Pune, Kolkata, Kochi, Bangalore, Chennai, Hyderabad and Ahmedabad, The Financial Express has essayed a leadership role in raising issues pertinent to industry and business. The publication takes great pride in playing the role of a facilitator and encouraging debate and discussion amongst its various stakeholder communities in order to drive change. Website: http://www.financialexpress.com

Disclaimer: The FE-EVI Green Business Survey 2011-12 is prepared from sources and data, which we believe to be reliable, but The Financial Express and Emergent Ventures India or their affiliates make no representation as to its accuracy or completeness. The report is provided solely for informational purposes and is not to be construed as providing advice, recommendations, endorsements, representations or warranties of any kind whatsoever.

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