Session on Effective Implementation of Revised Guidelines on CSR & Sustainability • New Delhi, India • 4 February 2015
Central public sector enterprises (CPSEs) account for 20% turnover in India’s GDP and constitute the supply chain for a large number of other enterprises. Department of Public Enterprises (DPE), Government of India, acts as a nodal agency for all CPSEs irrespective of the sector they operate in. Last year DPE took a conscious step to emphasize Life Cycle concepts through a revision in CSR and Sustainability guidelines for CPSEs. For effective implementation of Section 2.4 of these guidelines, CPSEs need to be familiar with emerging concepts like Sustainable Consumption Production (SCP), Life Cycle Costing (LCC), Sustainable Public Procurement (SPP), Life Cycle Assessment and Management (LCA/M). On February 4, 2015, Federation of India Chambers of Commerce and Industry (FICCI) organized an exclusive session for CPSEs in New Delhi to discuss application of LC approaches to projects being taken up by them for promoting Sustainability.
The session was chaired by Mr. A.K Pavadia, Advisor, Inter State Council Secretariat, Govt of India (previously Joint Secretary, DPE). He explained that Life Cycle approaches add value to the entire business and should not be confined only to CSR and Sustainability projects. He cited various examples like Walmart’s innovative thinking, Ray Andersen’s business logic of sustainability that have revolutionized business models and geared them towards sustainability. Dr Sanjeevan Bajaj, CEO FICCI Quality Forum and co-chair of Life Cycle Initiative’s flagship 4a explained the concepts underlying LCT/LCM and showed how they were linked to effective implementation of the revised guidelines.