The EnvironmentalChallenges to Business Dr Rajul Singh
Course objectives• Use environmental management and sustainable development as tools to counter global business concerns like climate change and natural resource depletion .• Identify the appropriate environmental tools and techniques for business to reduce its impact on the environment .• Apply Environmental Management
Course Overview• Session 1- Environmental challenges to business• Session 2- Environmental strategies for business• Session 3- Environmental Management Tools• Session 4- Environment Management Systems
Course Overview• Session 5 -Trade and Environment• Session 6 - International and national regulations related to environment• Session 7 - Class Test• Session 8 -Corporate Environmental Reporting (CER)• Session 9 - Green Business and Green Growth in Indian context• Session 10 – Guest Lecture
Session Overview➲W h a t is t h e r e la t io n b e t w e e n E n v ir o n m e n t a n d B u s in e s s ?➲H o w c a n t h e e n v ir o n m e n t a f f e c t b u s in e s s ?➲W h a t c a n b e d o n e t o b e n e f it B u s in e s s a n d
What is the biggest challenge before us ?➲ Climate Change (CC) is one of the most critical global challenges faced in the 21st century.➲ It is a change in climate attributed directly or indirectly to human activity that alters the composition of the global atmosphere and which is in addition to natural climate variability.
How does the Environment affect Business ??➲ Apart form the obvious effects on the existence of living beings, the environment poses many types of business risks.➲ Risks to
Environmental Risks to Business➲ The following are the environmental risks to business Regulatory Physical Operational Risks Risks Risks Decreased • Natural Disasters Legislations & productivity • Changing climate Policies Resource crunch patterns Production loss
Environmental Risks to business Investment/ Reputational Insurance Risks Related risks Carbon Disclosure Increasing ShareholderInsurance Premiums Activism High depreciation Consumercosts preferences
Environmental Challenges to Indian Business Environment not seen as a source competitive advantage Trade - off Between Cost & Competitiveness Dominance of Small & Medium Scale Sectors• Low material productivity
ConclusionIndian industry is responding to the environmental imperatives but notto the desired levels.Large corporations do voluntarily implement environmental policiesand try to meet international standards. However, due to lack of facilities, technological innovations,dominance of small scale industries, poor awareness and concernmany corporations evade environmental compliance.There is a need for understanding decision making processes ofcorporations in India to systematically integrate environmental issuesin the strategy development and implementation.