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Environmental & Sustainability
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The Environment andBusiness
Dr Rajul Singh
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Course OverviewSessions/
TopicTitle
Topic 1The Environment and it's Crisis: What is it and how
have
we created it?
Session 1The relationship between human society and nature:
convergance of climate change and global warming
Topic 2What is to be feared from Climate Change and Global
Warming?
Session 2Implications of Climate change and Global Warming
on
business : Some evidences and predictions
Topic 3From Past to Present and to the Future: A Path
towards
Sustainability
Session 3 Why are we responding?: Potential forces blocking
change
Session 4How can we overcome these barriers: A Sustainable
Design
and mindset
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Session Overview
What is the relation between
Environment and Business?
How can the environment affectbusiness ?
What can be done to benefit
Business and Environment both ?
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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 climatevariability.
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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
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Business and Environment
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Environmental Risks to Business
The following are the environmental risks to
business
Regulatory
Risks
Legislations
&
Policies
OperationalRisks
Decreased productivity
Resource crunch
Production loss
PhysicalRisks
Natural Disasters
Changing climate
patterns
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Environmental Risks to business
Investment/Insurance
Related risks
yIncreasing Insurance
Premiums
High depreciation
costs
ReputationalRisks
Carbon Disclosure
Shareholder
Activism
Consumerpreferences
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EnvironmentalChallenges to
Indian Business
- &
&
y
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What is Sustainable Development?
, ( , 1987).
.
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Technological - .
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What is Environmental
Management ?
Environmental management is
management of those activities of a firm
that have or can have an impact on theenvironment.
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What can a company do for EM?
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Conclusion
Indian industry is responding to the environmental imperatives
but notto 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.
