The Energy and Resources Institute (TERI) and Frost & Sullivan will jointly host the 12th edition of ‘Sustainability 4.0 Awards’, virtually on August 20, 2021, to recognize excellence in sustainable development. The awards aim to recognize organizations that have been able to fast-track their sustainability strategies even during the pandemic and strive for excellence in sustainable development. Companies interested in participating in this edition of the awards can submit their nominations on or before March 31st, 2021.
Sustainability 4.0 awards program will evaluate how organizations are interweaving their digitalization initiatives with the sustainability strategies, and provide them with a better understanding of what they need to do to be future-ready, says Sarwant Singh from Frost & Sullivan. Speaking about the impact of COVID-19 on sustainability, Dr. Ajay Mathur, Director General at TERI, said, “What we have seen is that companies that are sustainable also create more value because they use fewer resources, minimize waste, and consequently overall, they are better corporate citizens. As we move ahead, we are looking at companies that are pushing their profits and minimizing their waste management, we are looking at companies that use sustainability as a tool to enhance their performance.”
Sustainability 4.0 Awards emphasizes the four pillars of sustainability – Purpose, Partnership, Planet, and People. The highest-scoring, top two companies of the year will be recognized with Super Achievers Award: ‘Sustainable Business of the Year’ and ‘Sustainable Business of the Year – 1st Runner-up’ Award, respectively. This year’s awards will also include –Safety Excellence Awards, the Jury Special Mention Award, the Renewable Energy Consumption Index, and Sustainability Analytics.
- Safety Excellence Awards recognize organizations across five key criteria – safety management, process safety, equipment safety, behavioral safety, and occupational health.
- Jury Special Mention Award will be conferred to programs that are best-in-class, scalable, and replicable across industry verticals.
- Renewable Energy Consumption Index aims to recognize the industry’s transition to RE while aligning with India’s commitments under the Paris Agreement.
- Sustainability Analytics will evaluate how companies are effectively using analytics in their sustainability management in three aspects: Effective Data Collection, Usage of Smart Analytical Tools, and End-to-End Visibility in the value chain.
