Frost & Sullivan & TERI Institute New Award for Industries

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o recognize excellence in sustainable development across industries Frost & Sullivan and TERI have instituted a joint award. The award will be presented on May 26, 2017 at Hyatt Regency, Mumbai. Nominations for the awards are open till December 05, 2016.

Nitin Kalothia, Director, Sustainability Initiatives Practice, Frost & Sullivan said: “Enterprises today are dealing with a complex and unconventional trend of environmental, social, and governance risks. These require a sophisticated and robust sustainability-based management model. There is a paradigm shift in the perception of CXOs that in the past were reluctant to place sustainability at the core of their business strategy, but now have identified that pursuing sustainability has substantial financial benefits. In fact, a growing number of companies adopting sustainability practices has evidenced positive impact both on the top- and bottom-line performance and also leveraged onto added business opportunities”.

Sustainability 4.0 Awards are designed to accelerate adoption of sustainable development practices through a benchmarking and recognition process. The Award process involves a rigorous assessment of systems and practices by the team of experts and professionals from Frost & Sullivan, TERI and industry experts. Based on the assessment, the participating companies will be given a scorecard highlighting strengths and opportunities for improvements. Besides the assessment report, the participating organizations would also be provided with peer comparison along with the roadmap for improvement.

This year, the application is open to companies across Manufacturing, Logistics, Hotels, IT andITES, KPO, BPO, Banking, Financial Services andInsurance, Construction, Telecommunications and Healthcare in India and Middle East (covering the Kingdom of Saudi Arabia, the United Arab Emirates, Bahrain, Oman, Kuwait, Qatar, Lebanon and Egypt).

This event is supported by SustainabilityNext. www.frost.com/sustainability or www.teriin.org

Srinidhi S. Rao sustainability@frost.com

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