Canadian Manufacturing

Frost & Sullivan and TERI’s Sustainability 4.0 Awards 2021

This year's awards were presented to 19 companies across six major categories: Sustainable Corporate of the Year Award, Sustainable Factory of the Year Award, Safety Excellence Award, Leaders Award, Challengers Award, and the Jury Special Mention Award.

January 17, 2022   by CM Staff

Frost & Sullivan and TERI’s Sustainability 4.0 Awards 2021

MUMBAI — The 12th edition of Frost & Sullivan and The Energy and Resources Institute (TERI)’s Sustainability 4.0 Awards took place virtually on Jan. 12, 2022. The awards recognized companies embedding sustainability with economic value creation.

This year’s awards were presented to 19 companies across six major categories: Sustainable Corporate of the Year Award, Sustainable Factory of the Year Award, Safety Excellence Award, Leaders Award, Challengers Award, and the Jury Special Mention Award.

Dr. Reddy’s Laboratories Limited, Hyderabad received the Sustainable Corporate of the Year Award, while Hindustan Unilever Ltd, Pondicherry HPC Factory took home the Sustainable Factory of the Year Award. The evening’s other big winner was Toyota Kirloskar Motor Pvt Ltd, Bidadi, which earned the Safety Excellence Award.

This year’s Jury Special Mention Award went to IIFL Home Finance Ltd, Gurgaon for its initiative “Kutumb,” Rehau Polymers Private Limited, Pune for its initiative “UPCYCLE95,” and Welspun India Limited, Mumbai for “30 MLD Sewage Treatment Plant to Recycle and Reuse Domestic Sewage.”

Advertisement

“As India rebounds from the COVID-19 pandemic, we cannot afford to ignore the adverse impacts of climate change and the threat it poses towards the country’s future growth. Short-term profitability has to be nurtured together with the long-term sustainability for recovering from the pandemic today as well as to put us onto the path of a low-carbon future in a 2050 timeline,” said Dr. Vibha Dhawan, Director General of TERI in a statement.

The Sustainability 4.0 Awards program highlights the need for links between an organization’s strategy, governance and financial performance and the social, environmental, and economic context within which it operates. This program enables businesses to make more logical and sustainable decisions that ensure long-term stakeholder value. It emphasizes the four pillars of sustainability: purpose, partnership, planet, and people.

“The companies which fared well in all of these parameters came out winners, and I would like to congratulate the winners of the 2021 edition of this award program,” said Rahul Sharma, Director and Global Head, Manufacturing & Process Consulting Practice, Frost & Sullivan in a statement.