HomeBusinessIndia's Top Management Experts Call for Immediate Sustainable Best Practices at GLIM Gurgaon Conference

India’s Top Management Experts Call for Immediate Sustainable Best Practices at GLIM Gurgaon Conference

Most Read

Great Lakes Institute of Management (GLIM), Gurgaon today hosted its first international conference, titled “International Perspectives in Economics & Management for Sustainability”, which was participated by around 75 world-renowned researchers and representatives from the industry as well as the Government . With this conference, GLIM has signaled its intent to emerge as a leading academic and research institute in the sphere of “Sustainable business practices” and offer to industry not only competent and environmentally responsible management professionals but also intellectual capital in all spheres of sustainability.

Dr. Debashish Sanyal (Director – GLIM, Gurgaon) lighting the lamp surrounded by international delegates at the Winter Business School Conference on Sustainability 2022

- Advertisement -

The pre-conference proceedings on December 19 included a panel discussion on “Climate change and Financial Risk”, with international speakers Prof. Olatunde Shobande (Senior Economist at the University of Aberdeen, UK), and Prof. Kazi Sohag (Ural Federal University), and moderated by Prof. Tomas Balezentis (Professor at Vilinius University, Lithuania). Prof. Sohag explained how Russia, despite economic sanctions, was able to maintain fiscal stability through a dual approach of “no rouble-no-petrol” leveraging its hydrocarbon exports to appreciate its local currency and maintaining a sizeable National Welfare Fund to counter the economic sanctions. Prof. Shobande focused on the criticality of providing every household with electricity to address the “energy poverty”, which is a critical issue in developing countries, and which would help reduce the usage of solid fuels and improve environmental sustainability. A highlight of the pre-conference session was the signing of a formal MoU between GLIM Gurgaon and Ural Federal University, Russia. Dr. Debashis Sanyal, Director GLIM-G and Prof. Kazi Sohag of UFU signed the MoU. It would explore student and faculty exchange programs, as well as funded research for projects of international agencies.

The conference was formally inaugurated on Dec 20 by Prof. Leila Dagher, Director of the Institute of Financial Economics at the American University of Beirut, and a renowned researcher in the areas of energy, environmental, and financial economics. The inaugural session was preceded by a keynote address by Dr. Amol Phadke, a Staff Scientist in the Electricity Markets and Policy Department at the Lawrence Berkeley National Laboratory and a Senior Scientist at the Goldman School of Public Policy, University of California. Dr. Phadke highlighted the urgent need for the energy sector, currently responsible for worldwide CO2 emissions of 30 giga tonnes per year, to radically transform itself, and spoke about a range of opportunities that exist in the energy, transport, and power sectors, in terms of exchanging conventional energy sources with clean energy: electric vehicles in place of internal combustion engines, solar/wind power to replace coal, etc. Subsequently, Mr. Mohan Lakhamraju, Chairman of GLIM, during his address, formally announced the launch of a Center of Excellence in Sustainability at GLIM Gurgaon. Dr. Debashish Sanyal, Director GLIM Gurgaon took the audience through a journey of various achievements and accolades of GLIM Gurgaon, despite being one of the youngest business schools in the country. Dr. Sanyal also announced that in a year’s time, the next international conference on Sustainability would be hosted by GLIM Gurgaon. During her inaugural address, Prof Leila Dagher presented interesting insights gleaned from her research work: relating to possibilities of providing green power to individual households, and predictions of global oil prices in the context of financial shocks, especially in Asian markets.

A second track in the conference comprised 19paper presentations by researchers across the country, on four themes – Economics, Finance, Marketing & HR, and Analytics. Each track concluded with a “Best Paper” award by the Session chairs in their respective themes. Mr. Rahul Kumar (“CSR – not a substitute for ESG”), Dr. Sneha (“Impact of COVID-19 on government workers in India”, Mr. Sanjeev Kumar (“Interconnectivity and Investment Strategies among commodity prices”) and Nikhita Tuli and Harish Kumar (“Demystifying the engagement process: A BOP perspective towards social media app engagements”) were the recipients of the Best Paper awards.

The post lunch session included a Fireside chat with Journal editors Prof. Justin Paul, Editor-in-Chief, International Journal of Consumer Studies and a Professor at the University of Puerto Rico, San Juan, and Prof. Aviral Tiwari, faculty at IIM Bodh Gaya, and Associate Editor of Energy Economics journal, with Prof Bappaditya Mukhopadhyay of GLIM Gurgaon to discuss how students and researchers should build up their skills and competencies to publish in renowned, peer reviewed journals, and improve their academic credentials.

The conference ended with an industry-focused panel discussion titled, “Environmental Efficiencies through Sustainable Practices”, with participants from the corporate sector, not-for profit sector as well as government of India. Panelists included Dr. Manoranjan Mohanty from the office of the Principal Scientific Advisor to Govt of India, Ms. Upali Nag from Group M (Motivator) and Mr. Akash Sharma of economic think tank CUTS International who shared their insights into specific interventions being taken by them to take forward the mandate of sustainability across their spheres of influence. The panel, chaired by Prof Sanghamitra Bhattacharyya of GLIM Gurgaon also deliberated on ways in which various stakeholders can synergistically work together to collectively contribute to India’s sustainability goals and commitments.

GLIM Gurgaon, despite being among the youngest business schools in the country, has been going from strength to strength, in terms of NIRF rankings (52nd rank), AMBA, AIU and AICTE accreditations, upcoming AACSB accreditation, impressive quantum of research publications by its faculty members in internationally and nationally reputed journals, and rapid increase in number of programs for different categories of students and different market needs.

More details on GLIM Gurgaon can be accessed at www.greatlakes.edu.in/gurgaon.

Subscribe To Morning Newsletters

Sign up to receive the latest news stories, exclusive interviews, and more in your inbox.

We don’t spam! Read our privacy policy for more info.

Editor's Pick

Read More Stories

SKF Showcases Intelligent & Clean Solutions for the Textile Industry at International Textile Machinery Exhibition (ITME) 2022

SKF India, the country's leading technology and solutions provider of bearings and services will showcase innovative products and solutions...

OneRare and Cornitos: Bringing the Magic of Cornitos to the Foodverse

Cornitos is a leader in the Snack category and has always strived to give its fans and patrons the...

Chitkara University Signs MoU with NEC Corporation India to Transform Learning in the Field of AI/ML

Chitkara University announced its collaboration with NEC Corporation India, a wholly owned subsidiary of NEC Corporation, for a comprehensive...

Role of skills-based hiring in promoting inclusive economic growth in India

In recent years, India's employment landscape has experienced a profound shift, with an increasing emphasis on skills-based hiring. This...

Global Cryptocurrency Regulations: Impact on Industry and Investor Behavior in 2024

The world of cryptocurrency has seen remarkable growth and evolution since its inception, transitioning from obscure digital assets to...

COP28 UAE: SANY Promotes Green Manufacturing Transformation, Takes Concrete Action to Tackle Climate Challenges

CHANGSHA, China, Nov. 23, 2023 /PRNewswire/ -- SANY Group, ("SANY"), a globally leading enterprise of the high-end equipment manufacturing industry, is accentuating advancing sustainable development and the green manufacturing transformation of the heavy machinery industry, ahead of the COP28 UAE, that is set to take place from November 30 to December 12 in Dubai. The theme of the 13-day program this year is "Actionism," calling for people to rise to meet the climate change challenges.

The COP28 will center on four major paradigm shifts – namely accelerating the transition from fossil fuels, agreeing on climate finance shifts, emphasizing the role of people and nature in climate action, and ensuring the summit is an inclusive event that women, indigenous people, local communities, youth, countries and more can all be a part of.

SANY is responding actively and positively to the summit's agenda with concrete actions to promote the transformation of green manufacturing, bringing sustainable solutions to the industries of mining, construction, wind power, and more.

Taking green actions to build a sustainable future

SANY is vigorously expanding the use of green energy (renewables such as solar and wind) in production processes to reduce the reliance on traditional energy sources, lower carbon emissions, and support climate change actions. It has adopted multiple initiatives, especially in accelerating the R&D and application of wind energy, hydrogen, and electrification solutions, and achieved significant results.

SANY's subsidiary SANY Renewable Energy has been investing in and constructing wind farms to boost the proportion of wind power in the energy structure, through intelligent upgrades in manufacturing and creating intelligent workshops. By doing this, SANY Renewable Energy has reduced the overall unit energy consumption and carbon emissions by 15 percent compared to pre-upgrade.

In 2022, SANY has added more than 3,000 energy metering connections. SANY built China's first intelligent mixing station park and invested 3.22 million yuan in photovoltaic construction that will produce 900,000 kWh of power annually. The park will cut 887 tons of carbon emission, 242 tons of dust emissions, 26.7 tons of sulfide, and 13.4 tons of nitric oxide to achieve synergetic development of intelligent manufacturing and environmental conservation.

A total of 11 subsidiaries of SANY have installed photovoltaic power generation equipment, with clean energy usage amounting to 16.013 million kWh.

SANY is actively engaged in the R&D of hydrogen fuel cell technology to improve battery efficiency, reduce cost, and boost the production and storage capabilities, while expanding the applications of hydrogen energy.

Innovation-driven climate action tackles industry bottlenecks

Through establishing a green supply chain, SANY adopts renewable materials and environmentally friendly technologies to reduce resource waste and improve the sustainability of the supply chain.

SANY continues to improve the long-term mechanism for pollution prevention and control, strengthen the control of waste emissions including water, gas, and other hazardous substances, and be cautious of business and operation actions that could damage the ecological environment. In 2022, the group's wastewater and gas emissions met the standard rate of 100 percent, with a 100 percent compliance rate for hazardous waste disposal.

The group is also pushing for using environment-friendly materials to minimize pollution, so that the carbon reduction throughout the product life cycle also includes materials. In 2022, its VOCs emission density was 0.0011 tons per million revenue, a 39.71 percent reduction from the base year.

Meanwhile, the continuous upgrade of production techniques and processes, promotion of energy conservation technologies, and advancement of low-carbon technology development are not only playing key roles in improving production efficiency, but also reducing carbon footprint and aims to reach the "dual-carbon" goals.

Calling for the public's participation

SANY has been carrying out training programs and campaigns centered on environmental protection for employees, while further raising community engagement in terms of green, low-carbon, community-friendly, and educational innovation agendas. In 2022, the company employees completed 687.4 hours of volunteer work, and SANY invested 9.75 million yuan in the year to support 15 public welfare projects.

SANY Construction Industry is leading the green technology application in urban infrastructure construction to accelerate the sustainable development of cities and building intelligent cities, green transportation systems, and energy-conserving architectures to reduce energy consumption, improving urban environment quality and people's livelihoods.

In terms of biodiversity and sustainable development, SANY emphasizes the conservation of soil, ocean, crops, and animals to create a better future, and advocates a circular economy to decrease the waste of resources.

In the context of increasingly severe issues of global climate change, SANY, as a leader in the green industry, is committed to promoting sustainable development and actively joining global efforts to address climate change through comprehensive initiatives such as green supply chains, green energy, and carbon emission reduction.

For more information about SANY Group, please visit www.sanyglobal.com or follow us on Facebook or YouTube.

Video - https://mma.prnewswire.com/media/2284211/SANY_s_New_Energy_Action.mp4
Logo - https://mma.prnewswire.com/media/1518641/logo_Logo.jpg

Cision View original content:https://www.prnewswire.co.uk/news-releases/cop28-uae-sany-promotes-green-manufacturing-transformation-takes-concrete-action-to-tackle-climate-challenges-301996601.html