Frost & Sullivan and The Energy and Resources Institute (TERI) co-hosted the ‘India Sustainability Leadership Summit 2018’ and the 9th edition of ‘Sustainability 4.0 Awards 2018’ in Mumbai recently. The day commenced with ‘India Sustainability Leadership Summit’ where industry experts and dignitaries from various establishments and government bodies deliberated ideas, solutions, and technologies across industry verticals toward building sustainable economies.

Programs and schemes launched and implemented by the Government of India for achieving Sustainable Development Goals (SDG) across economic, social and environmental pillars were also discussed. The sessions also highlighted the importance of empowering communities, local authorities and governing bodies to implement sustainable living and deliberated on the need for social development and environment protection, impact of grid management, climate-smart agriculture and quantification of risks.

Encouraged by the initiatives taken by various companies across industries, Dr Ajay Mathur, Director General, TERI, said, “Sustainability considerations are beginning to form an integral part of commercial normality and increasingly of competitiveness. Businesses are slowly but surely moving toward business models that are focused on the 4Ps – People, Planet, Purpose and Partnership.”

The importance of sustainability centered business models backed by disruptive technologies, mega trends and convergence of industries was also discussed. The session on 'How do we Link Business Risks and Sustainability Imperatives with Financial and Non-financial resources' elaborated on managing risks and developing adaptive strategies in order to implement apt investment decisions for long term capacity building. The evening concluded with the ninth edition of the ‘Sustainability 4.0 Awards 2018’.