Feeds:
Posts
Comments

Posts Tagged ‘KPMG’

Here are some key ideas which emerged at a National Seminar on Industrial Safety, Health and Environment organized by the Regional Labour Institute, Chennai and the Madras Management Association recently at Pondicherry in India.  

  • Businesses today face three kinds of challenges:
  1. Increasing digitization and the spread of internet which is fundamentally changing the way a    business interacts with its customers and suppliers.
  2.  As the world’s economic power and consumption of goods and services gradually shifts from the developed world to Asia, a host of new business opportunities present themselves.
  3. A value-based culture which takes into account socio-economic realities is becoming increasingly necessary to succeed in business. Businesses have the choice of being proactive while shaping future policies and goals. In the long run, this would avoid their facing pressure from either the community, or the government or the society at large. DSC_4999
  • Growth in business has to be consistent, competitive and profitable. A business also has to be socially relevant. A renewed emphasis on S-H-E alone can achieve this.
  • Following the tenets of S-H-E is not only about companies creating a separate Department to drive these goals. It is also about better regulatory compliance. It is also about calculating the carbon foot print. It is also about a change of attitude. It is about putting people and planet alongside the drive for profits. DSC_5025
  • Unless companies imbibe a culture which encourages all managers and executives to work together to achieve their goals by adopting sustainable methods, continuous growth may be difficult to achieve. Ensuring safety of all concerned is an important responsibility of the business. Many business leaders realize that a healthy employee contributes better. Work-life balance needs to be taken care in such a way that the employees are always happy as well as healthy. Businesses also need to ensure that they give back to Mother Earth more than what they draw from it. taking care of environment is an important issue which facilitates sustained growth.DSC_5109
  • All over the world, businesses are gearing up to ensure that their operations take place on a sustainable basis. There are already companies which have started reporting Environmental P&L Accounts.
  • In India, the government is now talking of shifting subsidies from chemical fertilizers to organic fertilizers. MNCs like BASF are talking about Product Stewardship, meaning compliance right through the entire supply chain to its end-use customers. DSC_5124
  • According to a recent study done by KPMG, India has emerged as a leader in the field of sustainability reporting. In the Asia-Pacific region, India has recorded the highest growth in sustainability reporting since 2011 – 53%. Chile is the next, with 46% increase, followed by Singapore (+37%), Australia (+25%), Taiwan (+19%) and China (+16%).
  • The safety of an employee should also cover the duration he or she is not on duty. The concept needs to be extended to the life outside, at home, on the road – practically in all spheres of life. DSC_5158
  • When companies think of a SHE culture, they should not ignore the safety and health of their women employees in a much wider context. They need to feel empowered to report misbehavior of any kind. At the work place, the need is to treat them with dignity and respect. As part of a progressive society, males need to examine their attitudes towards women at home and in public spaces.

The day-long seminar was attended by over 200 participants who benefited from the expertise of several subject experts and thought leaders from the field. It was inaugurated by the Lt Governor of Pondicherry.  

Read Full Post »