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Winsights - Innovation to win in a world of constraints


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This issue of Winsights presents insights from the various practice heads on how rapid rise in consumption and growth, increased volatility and resource constraints are rippling across industries and how industries can better adapt to these changes

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Winsights - Innovation to win in a world of constraints

  1. 1. WInsights October – December 2012 A Wipro Council for Industry Research Journal1 © 2012 WIPRO LTD | WWW.WIPRO.COM | CONFIDENTIAL
  3. 3. Innovation to Win in a World of Constraints Gains in energy efficiency, renewable Quick Facts energy, forest conservation, and sustainable land use worldwide could  40% increase in world energy demand in the achieve up to 75 percent of needed global next 20 years emissions reductions in 2020 at a net savings of $14 billion  83% of the world’s energy is from fossil fuel  Companies spend 9% of their operating cost on energy This issue of Winsights presents insights from the various practice heads on how rapid rise in consumption and growth, increased volatility and resource constraints are rippling across industries and how industries can better adapt to these changes3 © 2012 WIPRO LTD | WWW.WIPRO.COM | CONFIDENTIAL
  4. 4. Innovation is the only solution Rapid rise in Consequences of consumption and natural resources growth in the last few depletion is prompting years has brought organizations to shift to resource constraints to new, sustainable the limelight business models Environmental awareness is making Enterprises look to the ecosystem players lower carbon emission assess the Triple reductions and save on Bottom Line of People, energy from fossil fuels Planet, and Profits4 © 2012 WIPRO LTD | WWW.WIPRO.COM | CONFIDENTIAL
  5. 5. In this Edition… Sl. No. Article 1 Manufacturing The Future Is Green 2 Sustainability Reporting 3 Making The Carbon Commitments 4 Achieving Energy Savings In The Age of Capital Constraints 5 The New Journey to The Center of The Earth 6 Successful Change Management to Build a Sustainable Organization 55 © 2012 WIPRO LTD | WWW.WIPRO.COM | CONFIDENTIAL
  6. 6. In this Edition… 1 2 3 Manufacturing Sustainability Reporting Making the Carbon The Future is Green Mirror, Microscope, Springboard Commitments Adopting green Manufacturing practices Sustainability reporting by the Achieving the Carbon reduction goals is and achieving green targets require Corporate sector is today at a potential a reward in itself apart from operational long term commitment and sustained inflection point. Whether it can fulfill its efficiencies and enhanced sustainability effort on the part of businesses. role will depend on a variety of factors, profile. It is undoubtedly the path to be However, sustainability is non- extrinsic and intrinsic to companies pursued resolutely. negotiable 4 5 6 Achieving Energy Savings in the The New Journey to the Successful Change Management Age of Capital Constraints Center of the Earth to Build a Sustainable Organization Organizations need to ensure that their Tomorrow’s mines will almost certainly The key to successful change energy efficiency programs are need to have fewer humans resulting in management is about inducing a managed holistically, with processes greater efficiency, lower costs and behavioral change among the people established to enable visibility into improved safety and environmental involved critical areas of operations. performance.6 © 2012 WIPRO LTD | WWW.WIPRO.COM | CONFIDENTIAL
  7. 7. 1 Manufacturing : The Future is Green The adoption of green manufacturing practices has become foundational for businesses in view of the rapid depletion of natural resources and the impact on the environment from the proliferation of electronic waste. It adds to the competitive advantage and positions organizations to benefit from the market for low carbon environmental goods and services currently estimated at $5.2 Trillion and expected to grow to more than $6.5 trillion by 20157 © 2012 WIPRO LTD | WWW.WIPRO.COM | CONFIDENTIAL
  8. 8. The Green Journey Evolutionary; Create a Long-term Not Shared Vision Commitment Revolutionary Closet he Align to Monitor The Green Supply Business Metrics Loop Goals Review Report and Suppliers’ Disclose Practices8 © 2012 WIPRO LTD | WWW.WIPRO.COM | CONFIDENTIAL
  9. 9. Manufacturing : The Future is Green Green Manufacturing Green manufacturing is about using Green Energy, developing Green Products and employing Green Processes while reducing resource use and wastage. These goals align well with the objective to improve competitive advantage, making a compelling business case for going Green. A dilemma for manufacturing companies adopting green practices is that these are unlikely to generate profits in the short term. But a trade-off for long-term gains is both necessary and sustainable if the organization’s vision is set firmly on the triple bottom line—people, planet, and profits. Sustainability is Non-negotiable Manufacturing organizations cannot side-step any longer, owing to the increased scrutiny on their environmental performance as well as the pressing need to reduce resource use9 © 2012 WIPRO LTD | WWW.WIPRO.COM | CONFIDENTIAL For more details visit here
  10. 10. 2 Sustainability Reporting Sustainability reporting can help with self- reflection and continuous improvement; it also allows for external scrutiny and this combination provides a platform for strategic actions and continuous improvements. Sustainability reporting on one hand, is not as pervasive and widely accepted as financial reporting, on the other hand, it has evolved to occupy a distinct space of its own in the last decade.10 © 2012 WIPRO LTD | WWW.WIPRO.COM | CONFIDENTIAL
  11. 11. Breadth of Collaboration Function Areas Covered Labour And Human Rights, Diversity, Freedom Of Association, Employee Human Resource Engagement Energy And Water Footprint, Climate Change, Waste Management, Facilities Operations Biodiversity Investor Relations, Board Governance, Payments To Stakeholders, Finance Sustainable Investments Codes Of Business Conduct, Political Lobbying, Anti-Corruption, Anti-Fraud Legal & bribery, Risk Management, Life-Cycle Design Of Products, End Of Life Waste Management, Reduction Product Development In Operational Footprint, Supplier Responsibility Sustainability Strategy, Community And Social Initiatives, Report Editing & Corporate Sustainability Compilation Supply Chain Responsibility, Green Procurement Policy, Supplier Code Of Supply Chain Conduct Marketing & Corporate Ethical Marketing And Advertising, Report Design And Communication Communication Strategy11 © 2012 WIPRO LTD | WWW.WIPRO.COM | CONFIDENTIAL
  12. 12. Sustainability Reporting Reflection of Wipro’s passion for and attention to sustainability disclosures: • Member of DJSI for three years in succession and Sector Leader 1 in Computer & Internet services sector • Listed in World’s Most Ethical Companies 2012 by 2 Ethisphere • Part of Global Carbon Disclosure Leadership Index (CDLI) 3 • Ranked #2 In the Newsweek’s global ranking of 500 Green 4 Companies • Ranked # 1 in the Greenpeace global ranking of Green 5 Electronics For more details visit here12 © 2012 WIPRO LTD | WWW.WIPRO.COM | CONFIDENTIAL
  13. 13. 3 Making the Carbon Commitments Organizations across sectors have made carbon reduction targets that vary from very high to modest and have a mixed record on achieving them. A look at how they can set realistic but ambitious carbon targets to stay competitive and sustainable. Companies exhibit a mixed record on setting and attaining carbon goals. Businesses that fail to show a commitment to reduce emissions risk being labeled as irresponsible.13 © 2012 WIPRO LTD | WWW.WIPRO.COM | CONFIDENTIAL
  14. 14. Carbon Commitment Drivers 1. Government Push for Carbon Reduction 2. Strategic Direction of The Industry 3. Develop an Environmentally Friendly Identity 4. Cost-efficiency 5. Increased Employee And Customer Satisfaction Given that efforts to go low carbon usually involve paying for some offsets, but the same targets can cut down wasteful use of energy and push for new thought process in material and operational efficiency.14 © 2012 WIPRO LTD | WWW.WIPRO.COM | CONFIDENTIAL
  15. 15. Making the Carbon Commitments Companies are usually driven by investor and peer pressure, government and regulatory mandates in setting their carbon targets Evaluating the business, regulatory and technological landscape and getting internal commitments is a crucial step before setting their carbon targets It is advisable to set the long term aspiration but publish mid-term goals which can be revised as the organization gains more experience on sustainability Carbon reduction goals helps in the form of greater operational efficiencies and an enhanced sustainability profile For more details visit here15 © 2012 WIPRO LTD | WWW.WIPRO.COM | CONFIDENTIAL
  16. 16. 4 Achieving Energy Savings As energy supplies dwindle, organizations are under pressure from various stakeholders and governments to improve energy efficiency, lower energy costs, and reduce their carbon footprint Energy efficiency programs deliver benefits, such as better operating margins, and compliance with regulatory goals; and intangible ones, such as energy security, stock performance and investor preference, lower costs across the supply chain, and customer loyalty.16 © 2012 WIPRO LTD | WWW.WIPRO.COM | CONFIDENTIAL
  17. 17. Energys Synergy Monitoring is the Key• Any energy efficiency program is incomplete without adequate and Regular monitoring and reporting.• Continuous monitoring of the energy efficiency programs helps establish patterns of energy.• It takes care of asset performance, as well as challenge current assumptions on performance and usage. Selecting the Right Strategy • An exhaustive analysis of the all the alternative approaches available is necessary before implementing an energy savings plan. • This requires a facility wide energy management review that calls for analyzing the financial and energy consumption components in order to frame the scope of the energy efficiency projects.17 © 2012 WIPRO LTD | WWW.WIPRO.COM | CONFIDENTIAL
  18. 18. Achieving Energy Savings Energy Management Platform:  Offers the modeling capability  Provides advanced analytics tools  Offer distributed monitoring and control  Helps analyze asset performance and detect faults  Offers event and service management to evaluate downtime and variance in energy consumption Insights into Achieving Energy Savings  There is no one-point solution to reduce energy consumption  Organizations need to implement a set of tools and processes to gain the visibility and control  Energy efficiency programs are managed holistically, with processes established at the plant level to enable visibility into critical areas of operations  Companies that go beyond the requirements stand to benefit from the policy incentives and opportunities that will be available in a world of energy constraints For more details visit here18 © 2012 WIPRO LTD | WWW.WIPRO.COM | CONFIDENTIAL
  19. 19. 5 Journey to the Center Of The Earth Driven primarily by large scale industrialization, urbanization of emerging economies and advances in consumer technology, we are witnessing the biggest boom in the global mining and energy industry in the last 50 years. The mining model that most companies operate under has not seen a significant “step-change” in the last 20 - 30 years. This has been partly driven by a super cycle of profits and therefore no real ‘compelling event’ to evolve.19 © 2012 WIPRO LTD | WWW.WIPRO.COM | CONFIDENTIAL
  20. 20. Drivers for Change Mining is increasingly becoming more difficult with traditional tools and execution models. This is being driven by several factors: Newer Moving Leftover ore deposits Mining at Dearth of from supply bodies : found in greater skilled driven to Lower more depths resources demand grade inhospitable driven conditions The problems identified are significant and simply doing the same things faster or “scaling up” existing models and equipment will not work in tomorrow’s mine For more details visit here20 © 2012 WIPRO LTD | WWW.WIPRO.COM | CONFIDENTIAL
  21. 21. Journey to the Center Of The Earth Steps to consider when future proofing a Mining Company Change the Design a New Standardise Integrate and Automate and Mindset of Operating Where Gain a Full Centralize Miners Model Possible View Control Future Insights  The next few decades will witness increased global demand for almost all metals & put pressure on miners to bring more capacity on line  Tomorrows mines will need to have fewer humans resulting in greater efficiency, lower costs, improved safety & environmental performance  Organizations would rely upon standardised, integrated and automated systems that can manage remote sites For more details visit here21 © 2012 WIPRO LTD | WWW.WIPRO.COM | CONFIDENTIAL
  22. 22. 6 Change Management to Build a Sustainable Organization It is difficult for organizations to avoid change as they strive to remain sustainable in an ever-changing and competitive environment. Companies that have a system in place for proactively responding to change will accelerate their competitive advantage It has become a strategic imperative for organizations to build in the ability to introduce and sustain change. But change is more often resisted than supported in organizations because people rarely are given the chance to understand the reason for the change.22 © 2012 WIPRO LTD | WWW.WIPRO.COM | CONFIDENTIAL
  23. 23. Charting a Safe Course Draw up a Clear Business Case for Change Created Draft the Change Vision and Change Strategy Set the Context & Framework for Change Leadership Alignment & Securing Stakeholder Engagement Communicating the Change Effectively Remove Obstacles Imparting Training Benefits Realization23 © 2012 WIPRO LTD | WWW.WIPRO.COM | CONFIDENTIAL
  24. 24. Succesful Change Management The key to successful change management is about inducing a behavioral change among the people involved. Need for Strategic Focus • Organizations and leaders need to chart a clear path and deliver results • Organisation should offer clarity to the employees on the way they can contribute to success • Support leaders to instill confidence, use a disciplined process to ensure effective use of change and communication resources • Build a shared experience of the challenges and rewards of working together • Identify and evaluate the attitudes of individual users and influential groups • With effective communication Management can create strategies to overcome employee resistance to any change For more details visit here24 © 2012 WIPRO LTD | WWW.WIPRO.COM | CONFIDENTIAL
  25. 25. About Wipro Council for Industry Research Wipro set up the Council for Industry Research, comprised of domain and technology experts from the organization, to address the needs of customers. It specifically surveys innovative strategies that will help customers gain competitive advantage in the market. The Council, in collaboration with leading academic institutions and industry bodies, studies market trends to help equip organizations with insights to facilitate their IT and business strategies. For more information on the Research Council visit or mail wipro.insights@wipro.com25 © 2012 WIPRO LTD | WWW.WIPRO.COM | CONFIDENTIAL
  26. 26. About Wipro Technologies Wipro Technologies, the global IT business of Wipro Limited (NYSE:WIT) is a leading Information Technology, Consulting and Outsourcing company, that delivers solutions to enable its clients do business better. Wipro Technologies delivers winning business outcomes through its deep industry experience and a 360 degree view of “Business through Technology” – helping clients create successful and adaptive businesses. A company recognised globally for its comprehensive portfolio of services, a practitioner’s approach to delivering innovation and an organization wide commitment to sustainability, Wipro Technologies has over 140,000 employees and clients across 54 countries. For more information, please visit www.wipro.com26 © 2012 WIPRO LTD | WWW.WIPRO.COM | CONFIDENTIAL
  27. 27. Thank You ©Wipro Limited, 2012. All rights reserved. For more information visit No part of this document may be reproduced in whole or in part without the written permission of the authors. Wipro is not liable for any business outcome based on the views presented in this document. For specific implementation clients should take advise from their client engagement manager.27 © 2012 WIPRO LTD | WWW.WIPRO.COM | CONFIDENTIAL