With a mission to partner organizations in building "Sustainable operations and Supply chains" Frost & Sullivan instituted the Green Manufacturing Excellence Awards in 2009. Integrating Sustainability into business models is the way forward for companies!
Organizations that understand Environment and Social impact in addition to Economic challenges and design processes to bring a positive impact in all these three elements of sustainability are expected to excel in the future, too.
According to Mr. Raghavendra Rao, Vice President, Frost & Sullivan, "Testing times usually result in typical behavior by commercial entities: the planning horizon shrinks and recedes into the short-term (you can call it fire-fighting) while most of the long-term concerns take a comfortable backseat.
He adds, “Thus, questions of 'what about the next month or the next quarter,' take a definitive precedence over holistic questions like 'where should we be in the next five years'; and, similar other issues that have long-term implications. One of these pertains to Business sustainability: What are our long-term business risks and what do we need to do 'now' so as to continue to deliver stakeholder value in the medium-/long-terms?"
The 5th edition of Green Manufacturing Excellence Awards (GMEA) continues to catalyze such introspective thought processes in organizations. This transformational process has made a definite difference to most of its participants over the last four years. And, it's Time to Introspect. Time to think long-term! Time to get going, yet again!
The on-site assessment process is designed to evaluate the link between sustainability initiatives being undertaken by organizations and their impact on the business. The emphasis will be to look at long-term sustainability risks identification, and organizational approach to address these issues.
Initiatives taken and results achieved by organizations towards Reduce, Reuse and Recycle of Materials, Water, Energy, Emissions, Effluents, Waste and Products, and Services will be assessed.
The assessment process will also be used to understand efforts made by organizations towards study of Biodiversity and its conservation, creation of a safe workplace for employees and impact on the society on account of the plant's operations. Efforts towards developing a green supply chain will also be reviewed.
Safety Excellence Assessments –
As per statistics from the International Labor Organization, globally, there are more than 2.3 million deaths per year due to occupational incidents and work related diseases. These statistics highlight that the need for greater efforts toward creating a safe workplace. Frost & Sullivan would like to support industries in their endeavor through its "Safety Excellence Framework" and recognize efforts of front runners.
Textiles | On 29th Mar 2017
Li & Fung Limited has outlined its next Three-Year Plan (2017-2019)...
Apparel/Garments | On 29th Mar 2017
Carrington Workwear, one of the largest producers of workwear fabrics ...
‘New vendor is welcome if he offers cost, quality and timely delivery’
Mag Solvics Pvt. Ltd
ITME 2016 exploited our full strength like never before
Fashion industry likely to remain labour-intensive in coming years
The Indian market has huge potential in technical textiles, and by far,...
Schlegel und Partner
Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...
Steve Cole of Xerium Technologies discusses the industry. Xerium is the...
Occasions Elegance Wear
It is believed that by early 19th century, Varanasi weavers had moved away ...
Silvia Venturini Fendi
"Yes, my confidence and positive attitude are my strengths and should be...
Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...