A Case Study on TERI Rewards Corporate Efforts

The annual awards recognise the efforts of corporates in environmental management and sustainable initiatives

In order to encourage environmental management and protection in the corporate sector, TERI instituted the Corporate Environmental Awards last year. Encouraged by the response and interest shown by corporates, TERI has decided to confer the awards annually.

The objective of the awards is to recognise the leadership efforts of corporates in environmental management and sustainable initiatives, recognise innovative practices that promote sustainable development and further encourage and provide momentum to environmental initiatives.

The awards are divided into three categories: Category 1: companies with a turnover of less than or equal to Rs 100 crore per annum; Category II: companies with a turnover of between Rs 100 crore and Rs 500 crore per annum; and Category III: companies with a turnover above or equal to Rs 500 crore per annum. The application fee for category I is Rs 500 per application; category II, Rs 2,000, and category III, Rs 5,000.

Says R K Pachauri, director general, TERI, “The TERI Corporate Environmental Awards help corporates and Indian society in general in two major ways. Firstly, the awards recognise good practices and excellence in protecting the environment on the part of deserving corporate organisations. Secondly, the awards help to focus on the responsibility of business in protecting the environment and conserving our natural resources.

Even those organisations that do not participate in the process will get to know about these awards and feel motivated to do their bit in the same cause. Overall, these awards will help to prepare businesses for the coming era when the corporate sector will have to face very stringent environmental standards to be imposed by the public at large and governments in particular. The bottomline of a company that prepares effectively for such a future will be healthier than that of one that does not.”

Out of 110 applications received by TERI this year, 18 companies were shortlisted and the final awards will be given on June 17. The selection of the awards is based on a questionnaire filled by the company and a case study on the environmental initiative undertaken. After short listing the companies, experts from TERI visit the site to check on the authenticity of the environmental initiative.

The case studies were evaluated on the basis of a few pre-set parameters, like pollution prevention—proactive practices, process improvements and modifications undertaken resulting in environmental improvement, waste reduction and energy or resource conservation.

Scientific research and technological innovation—research or technological innovations that have been implemented or demonstrated for addressing environmental issues. Environmental benefits—success and effectiveness of the programme, both in terms of environmental and economic benefits. Potential model for business commitment—the replicability or transferability of the practices, outcomes or experience of the project.

The jury members for selecting the awards are Justice J S Verma, former-chairperson, National Human Rights Commission and former chief justice of India; Vishwanath Anand, vice-chairperson, National Environment Appellate Authority; Suman K Bery, director-general, National Council of Applied Economic Research; Sanjaya Baru, chief editor, The Financial Express; and R K Pachauri, director general, TERI.

In Category I, five companies were shortlisted: M K Electric; Chemfab Alakalis Ltd; Shriram Alkali and Chemicals; The Orchid—An Ecotel Hotel and Hitech Arai.

In Category II, five companies were shortlisted: Andhra Paper Mills Ltd; Sanghi Spinners India Ltd; Shree Cements Ltd; Star Paper Mills Ltd and Samcor Glass Ltd.

In Category III, eight cases were shortlisted: Orient Paper Mills; Grasim Industries Ltd; Bharat Petroleum Corp. Ltd; Hindustan Lever Ltd; Chennai Petroleum Corp. Ltd; Harihar Polyfibres; Hindalco Industries Ltd and Hero Honda Motors Ltd.

How are the TERI Corporate Environmental Awards different from other similar awards? Mr Pachauri explains, “I am not aware of any other award dealing with environmental performance where such rigorous evaluation and objective scrutiny is carried out in determining the winner.

Not only is the technical and economic evaluation of each entry carried out by a team of researchers from TERI, but the final decision is taken by a very eminent panel of judges chaired by a former chief justice of India. It is the result of the objectivity and rigour of the process that has given these awards the prominence they have attained in a short period of time.

Another feature of the award, which is worth mentioning, is the subdivision of companies on the basis of turnover. Hence, the performance of a small unit is not evaluated against that of a large enterprise, which may have very different managerial and technological capabilities. The awards are differentiated on the basis of size of the enterprise.” Last year, TERI received some 89 entries; this year, it is 110. Mr Pachauri does not think the numbers are low. “Firstly, a jump of over 25 per cent in the entries received in merely a year is a very encouraging development, but the figure of 110 entries consists of very serious contenders. We accept entries only with a modest processing fee. This eliminates those who may not be serious and those who have only trivial achievements to claim.

Besides, the process is made known to all potential contenders, who would be persuaded that this is a high calibre process of selection signified by the very choice of the judges who form the selection panel. Also, the companies are aware that any claims that they make in their entries will be carefully investigated by TERI researchers by site visits and on-the-spot evaluation for all shortlisted candidates. This helps further to eliminate doubtful claims and trivial entries.”

Last year, the Phulpur plant of Indian Farmers Fertiliser Co-operative Ltd (IFFCO) won the first award in category III of TERI Corporate Environmental Awards for setting up effluent projects for not only recycling, but also for zero liquid discharge. Says C P Srivastava, joint general manager, Projects, IFFCO, “We feel proud to be awarded as it recognises our efforts to keep the environment clean.”

Please answer the questions below based on the case study above:

1. What is the objective of the case?

2. Discuss the objective of rewards.

3. Discuss the 3 categories of awards mentioned in the case.

4. What is the another important feature of the award apart leadership from efforts mentioned in the case?

Answer rating: 100% (QA)

1 Objective of the case To recognise the leadership efforts of corporates in environmental management and sustainable initiatives recognise innovative ... View the full answer