Environmental & Sustainability

The Environment and Business

Dr Rajul Singh

Course Overview
Sessions/ Topic Topic 1 Session 1 Topic 2 Session 2 Topic 3 Session 3 Session 4 Title The Environment and it's Crisis: What is it and how have we created it? The relationship between human society and nature: convergance of climate change and global warming What is to be feared from Climate Change and Global Warming? Implications of Climate change and Global Warming on business : Some evidences and predictions From Past to Present and to the Future: A Path towards Sustainability Why are we responding?: Potential forces blocking change How can we overcome these barriers: A Sustainable Design and mindset

Session Overview

What is the relation between Environment and Business? How can the environment affect business ? What can be done to benefit Business and Environment both ?

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 Business ??????????

Business and Environment

Environmental Risks to Business

The following are the environmental risks to business
Regulatory Risks


Legislations & Policies

Operational Risks Decreased productivity Resource crunch Production loss

Physical Risks Natural Disasters Changing climate patterns

Environmental Risks to business

Investment/ Insurance Related risks yIncreasing Insurance Premiums High depreciation costs

Reputational Risks Carbon Disclosure Shareholder Activism Consumer preferences

Environmental Challenges to Indian Business

&
y

&

What is Sustainable Development?

, 1987).

Technological

What is Environmental Management ?

Environmental management is management of those activities of a firm that have or can have an impact on the environment.

Why think of Environmental Management ?

What can a company do for EM?

Conclusion
Indian industry is responding to the environmental imperatives but not to the desired levels. Large corporations do voluntarily implement environmental policies and try to meet international standards. However, due to lack of facilities, technological innovations, dominance of small scale industries, poor awareness and concern many corporations evade environmental compliance. There is a need for understanding decision making processes of corporations in India to systematically integrate environmental issues in the strategy development and implementation.