Monthly meeting report: May 2014

Categories: Monthly Meeting Reports

Monthly meeting report: May 2014

Brief report on the May 2014 Monthly Knowledge Sharing and Networking Meeting

 

Theme: Sustainable Value Creation and Waste Management

 

Date: May 23rd, 2014

 

Hosted by: Enduring Value Advisory and Practice, LLP

 

Venue: Business India Office Complex, 268, Masjid Moth, Uday Park, New Delhi-110049

 

Speakers: Mr. Pooran Pandey, Executive Director, Global Compact Network India

Ms. Sangeeta Robinson, CEO, Enduring Value Advisory and Practice LLP

Mr. Danish Khan, Head-Operations, Enduring Value Advisory and Practice LLP

Mr. Amit Paras Nath Kumar, Managing Director, Hari Bhari Recyclables Pvt. Limited

 

Number of Participants: 42

 

New Delhi—Global Compact Network India organized a monthly knowledge sharing and networking meeting, titled, “Sustainable Value Creation and Waste Management” to understand waste management scenario in India.  The objective of the monthly knowledge sharing meeting is to bring together members and non-members to share ideas, knowledge, best practices, and interventions on issues related to sustainable development in India, such as, waste management.

Around 45 members from public and private institutions attended the meeting.  Some of the institutions that were represented are:  Tata Power Distribution Limited, YES BANK Limited, ACC Limited, Mercedes Benz, Government of India (GoI) Ministry of Tribal Affairs, Tata Teleservices, and NGOs like Habitat for Humanity.

While Mr. Pooran Pandey, Executive Director, Global Compact Network India emphasized the need to create and share knowledge and hold vigorous debates to bring about positive change in sustainability, Ms. Sangeeta Robinson, CEO, Enduring Value Advisory and Practice noted that businesses are increasingly realizing that creating sustainable value for greater economic and social benefit is the need of the hour.  In that context, Enduring Value Advisory and Practice provides sustainability and CSR advisory to clients and stakeholders facilitate on ground implementation, assurance-based reporting based on national and international guidelines, and communication.  A major emphasis rests on measuring performance around quantitative and qualitative factors.

One of the clients Enduring Value Advisory and Practice advises is Hari Bhari Recyclables Pvt. Limited.  Hari Bhari is a waste management company that works with clients and cities in India.  According to Ms. Robinson, key strength of Hari Bhari is that 95-97% of the waste is treated and no segregation is required.  Currently, the firm is working with municipal corporations to operate their land and treat the waste as most local municipal bodies in India do not have the capacity to address waste management on its own.  One of the emerging points of the meeting was that while land is provided local municipal bodies, and the Returns on Investment (RoI) are reaped by companies who have invested in the project.

With respect to waste management, members noted that treatment systems are different in India due to seasonal variation and waste characterization.  For example, currently, certain forms of waste like e-waste, medical waste, and garbage need to go through the segregation process before being treated.  Members questioned whether all waste matters can be treated without segregation and highlighted comparative models of how waste is treated in New York and Delhi.  Delhi, for example, faces significant challenges in treating waste, as 8,000 metric tons of waste is piled up on a daily basis.  To that end, it was noted that significant awareness building and education among citizens is needed around implications of inefficient and ineffective waste management practices on public health and economic development.