Skip to content
  • Home
  • Who We Are
    • About CRB
    • Governing Body
    • Team
    • Code of Conduct
    • Achievements & Affiliations
    • Annual Reports
    • Financials & Legal Documents
  • What We Do
    • Operational Verticals
    • Industry Sector
      • Agro Based Industries
      • Apparel And Textiles
      • ICT And Electronics
      • Mining and Minerals
    • Thematic Areas
      • Circular Economy
      • Business & Human Rights
      • Private Sector & SDGs
      • SMEs & Sustainability
      • Voluntary Sustainability Standards
      • Environment & Climate Change
  • Current Initiatives
    • Business and Human Rights Due Diligence
      • Enhancing Circularity, Ethical Decarbonisation &
        Social Wellbeing in India’s Built Environment
      • Capability Building Tailored for Indian Suppliers
      • Awareness Raising and Capacity Building for SMEs
        on Conducting Environment and Human Rights Due Diligence
      • Self-Assessment Framework on Business & Human Rights
        for Indian Apparel & Textile Industry
      • Exploring Opportunity & Challenges to Operationalise
        Family Friendly Policies in India’s Apparel and Textile Value Chain
    • Circularity
      • Demonstrating Decarbonisation Pathways through Pilots in Textile SMEs
      • Roadmap for Circular Cluster in Ludhiana’s Apparel & Textile Sector
      • Narrative Building on Circular Economy for Sustainable Development
        in the Asia Pacific Region
      • Accelerating the Transition of the Indian Textile Sector towards Circularity
      • Landscaping Study for Food Waste in the HoReCa and Retail Segments
      • Mapping of Sustainability Certification for the Indian Textile Sector
        with Special Focus on Increasing Export Competitiveness of MSMEs
      • Circular Electronics
    • Sustainable Consumption and Lifestyles
      • An Analysis of the Assessment and Implementation
        of Green Claims
      • Analysis of Global Campaigns and their linkages
        with Mission LiFE and the Indian Ecomarks Scheme
    • Deforestation-free Commodity Supply Chains
      • Sustainability Ambassador
      • WWF Industry & Policy Engagement
        on Deforestation Free Edible Oil in India
    • EU-India Collaboration on Sustainability/SDGs
      • EU India Business Collaborative Initiative on Sustainable
        Development, Climate Action and Inclusivity
      • EU Policy and Outreach Partnership in India
    • SMEs and GHG Emission Reduction
      • MSMEs Capacity Building on Race to Net-Zero
    • Sustainable and Inclusive Agri-Value Chains
      • Promotion of Regenerative Agricultural Practices
        for a Food Secure and Climate Resilient Future
        in the EU-India Partnerships
      • Building Capacities for Augmenting Livelihood to
        Sustain the Mangrove Stewardship of Women in the
        Indian Sundarbans to Adapt to Climate Change
      • Applying Capitals Approach in Business Decision Making
        for Sustainable Agri-Food Sector
      • Continuing Professional Development
      • FPOs-Industry Interface on SDGs
      • TEEB Agri Food
    • Multi Stakeholder Platforms
      • Business & Human Rights Network
      • FOLU India CREST
      • Alliance of Cotton & Textile Stakeholders
        on Regenerative Agriculture (ACRE)
      • Coalition for Responsible Sugarcane India
      • Sustainable Palm Oil Coalition
      • VSS Collaboration India
      • India Sustainability Standards (ISS)
    • Youth Engagement on Sustainability (YES)
      • Youth for Sustainability (YfS) India Alliance
      • Engagement & Representations
      • Youth for Sustainable Palm Oil Fellowship
  • G20
  • Knowledge Hub
    • Blog
    • News Room
    • Publications
    • Events & Updates
  • Careers
  • Home
  • Who We Are
    • About CRB
    • Governing Body
    • Team
    • Code of Conduct
    • Achievements & Affiliations
    • Annual Reports
    • Financials & Legal Documents
  • What We Do
    • Operational Verticals
    • Industry Sector
      • Agro Based Industries
      • Apparel And Textiles
      • ICT And Electronics
      • Mining and Minerals
    • Thematic Areas
      • Circular Economy
      • Business & Human Rights
      • Private Sector & SDGs
      • SMEs & Sustainability
      • Voluntary Sustainability Standards
      • Environment & Climate Change
  • Current Initiatives
    • Business and Human Rights Due Diligence
      • Enhancing Circularity, Ethical Decarbonisation &
        Social Wellbeing in India’s Built Environment
      • Capability Building Tailored for Indian Suppliers
      • Awareness Raising and Capacity Building for SMEs
        on Conducting Environment and Human Rights Due Diligence
      • Self-Assessment Framework on Business & Human Rights
        for Indian Apparel & Textile Industry
      • Exploring Opportunity & Challenges to Operationalise
        Family Friendly Policies in India’s Apparel and Textile Value Chain
    • Circularity
      • Demonstrating Decarbonisation Pathways through Pilots in Textile SMEs
      • Roadmap for Circular Cluster in Ludhiana’s Apparel & Textile Sector
      • Narrative Building on Circular Economy for Sustainable Development
        in the Asia Pacific Region
      • Accelerating the Transition of the Indian Textile Sector towards Circularity
      • Landscaping Study for Food Waste in the HoReCa and Retail Segments
      • Mapping of Sustainability Certification for the Indian Textile Sector
        with Special Focus on Increasing Export Competitiveness of MSMEs
      • Circular Electronics
    • Sustainable Consumption and Lifestyles
      • An Analysis of the Assessment and Implementation
        of Green Claims
      • Analysis of Global Campaigns and their linkages
        with Mission LiFE and the Indian Ecomarks Scheme
    • Deforestation-free Commodity Supply Chains
      • Sustainability Ambassador
      • WWF Industry & Policy Engagement
        on Deforestation Free Edible Oil in India
    • EU-India Collaboration on Sustainability/SDGs
      • EU India Business Collaborative Initiative on Sustainable
        Development, Climate Action and Inclusivity
      • EU Policy and Outreach Partnership in India
    • SMEs and GHG Emission Reduction
      • MSMEs Capacity Building on Race to Net-Zero
    • Sustainable and Inclusive Agri-Value Chains
      • Promotion of Regenerative Agricultural Practices
        for a Food Secure and Climate Resilient Future
        in the EU-India Partnerships
      • Building Capacities for Augmenting Livelihood to
        Sustain the Mangrove Stewardship of Women in the
        Indian Sundarbans to Adapt to Climate Change
      • Applying Capitals Approach in Business Decision Making
        for Sustainable Agri-Food Sector
      • Continuing Professional Development
      • FPOs-Industry Interface on SDGs
      • TEEB Agri Food
    • Multi Stakeholder Platforms
      • Business & Human Rights Network
      • FOLU India CREST
      • Alliance of Cotton & Textile Stakeholders
        on Regenerative Agriculture (ACRE)
      • Coalition for Responsible Sugarcane India
      • Sustainable Palm Oil Coalition
      • VSS Collaboration India
      • India Sustainability Standards (ISS)
    • Youth Engagement on Sustainability (YES)
      • Youth for Sustainability (YfS) India Alliance
      • Engagement & Representations
      • Youth for Sustainable Palm Oil Fellowship
  • G20
  • Knowledge Hub
    • Blog
    • News Room
    • Publications
    • Events & Updates
  • Careers

Business Responsibility and Case for Sustainability

  • April 27, 2022

share this

Picture of Anirban Ghosh

Anirban Ghosh

Chief Sustainability Officer, Mahindra Group
Linkedin

For a long time post World War II we have had a reasonably stable economic environment to operate in; most changes that have occurred, have done so over a period of time, have often been short-lived, or their impact has been felt gradually. This stability afforded us the luxury to focus solely on developing our economy and society, not quite realising the unintended consequences that were building up for life on earth. Now that we have been operating beyond planetary boundaries for decades, the safety net protecting us all along is under threat – the rope is running out.

Living comfortably on earth is critically dependent on deep decarbonization in this decade. We have no time to lose and must do whatever is possible today. Climate science says that we must reduce emissions by half by 2030 and become net zero by 2050. It is believed that the technologies required to achieve the 2030 goal are already available while new technologies need to come to market for the 2050 goal to be met.

Business has an opportunity to transition from being responsible for the problem to being responsible for the solution. A climate solution can scale when it becomes economically feasible and creates value for the consumer. Business has the responsibility to bring new climate solutions to market and help achieve economies of scale. This is in addition to adopting green technologies itself and run a green operation.

As climate triggers multiple technological transformations in areas like lighting, cooling, electricity generation, green materials, electric mobility to name a few, sustainability is becoming synonymous with business continuity and resilience. No business can afford to fall behind in the technological transformation in its industry if it wishes to remain afloat and be relevant, even if it doesn’t understand the impact of climate change and the imperative for managing it.

The need for new climate solutions to achieve 2050 goals provides a wonderful opportunity for new businesses. Soon we could be seeing businesses do things like converting kinetic energy to electrical energy, making solar films flexible, making air taxis real, building net zero buildings, making meat in the laboratory – all businesses that do not exist today!

Organizations use natural resources to fashion solutions that satisfy customer needs. These resources are finite and need to be handled responsibly, so there is an obvious need for extreme innovation that will make businesses greener, and propel new green businesses that will offer innovative solutions to consumers. Together this will facilitate the collective transition to a more sustainable world.

The Mahindra Group defines sustainability as an endeavour to “Build enduring business while rejuvenating the environment and enabling stakeholders to Rise”. The need to manage risks arising out of climate change and the opportunities that it is triggering is making it very clear that for businesses to be resilient, sustainability is not just the best way to do business, it is the only way.

 

[1] https://www.moneycontrol.com/news/business/companies/climate-risk-is-starting-to-worry-banks-and-regulator-rajeshwar-rao-rbi-dy-gov-7487091.html

[2] https://www.wsj.com/articles/pg-e-wildfires-and-the-first-climate-change-bankruptcy-11547820006

[3] https://www.bloombergquint.com/global-economics/mountain-pine-beetle-infestations-are-killing-forests-could-worsen-emissions

[4] https://www.apple.com/in/newsroom/2018/05/apple-paves-the-way-for-breakthrough-carbon-free-aluminum-smelting-method/

[5] https://6fefcbb86e61af1b2fc4-c70d8ead6ced550b4d987d7c03fcdd1d.ssl.cf3.rackcdn.com/cms/reports/documents/000/005/595/original/CDP_India_Report_2020.pdf?1615972085

[6] https://www2.deloitte.com/content/dam/Deloitte/in/Documents/about-deloitte/in-india-turning-point-noexp.pdf

Photo credit: Jeswin Thomas, Unsplash

True Cost of Plastics in Our Food Systems

Awareness campaigns, capacity-building, collaborative funding needed to create robust food waste management ecosystem

Union Budget 2025: Impact on Sustainability and the Social Sector

Environmental pollution and its impact on wage workers

Forests and Food: How Agroforestry Can Enhance Food Security

From Shadows to Structure: Rethinking the Informal Economy

Partners so far

1
2
3
4
5
logo
logo1
logo2
logo3
logo4
logo5
logo6
logo7
logo8
logo9
logo10
logo11
logo12
logo13
logo14
logo15
logo16
logo17
logo18
logo19
logo20
logo21
logo22
logo23
logo24
logo25
logo26
logo27
logo29
logo30
logo31
logo32
logo33
logo34
logo35
logo36
logo37
logo38
logo39
logo40
logo41
logo42
logo43
logo44
logo45
logo46
logo47
logo48
logo49
logo50
awslogonew
logo52
logo53
logo54
logo55
logo56
logo57
logo58
logo59
logo60
logo61
logo62
logo63
logo64
logo65
logo66
logo67
logo68
logo69
logo70
logo71
logo72
logo73
logo74
logo75
logo76
logo77
logo78
logo79
logo80
logo81
logo82
logo83
logo84
logo85
logo86
logo87
logo88
logo89
logo90
logo91
logo92
logo93
logo94
logo95

Get In Touch

CENTRE FOR RESPONSIBLE BUSINESS

USO House, USO Road, 6 Special Institutional Area, Off Shaheed Jeet Singh Marg,New Delhi-110067 (India)

+911141088853

info@c4rb.org

Facebook Twitter Youtube Linkedin Instagram

Important Links

Home

About CRB

News

Blogs

Legal Documents

Contact Us

Privacy Policy

CRB on Twitter

Tweets by Centre4RespBiz
Facebook Twitter Youtube Linkedin Instagram