BWI: Frost & Sullivan Announces the Launch of its 2014 Edition of Green Manufacturing Excellence Awards and Summit –“Recognizing Excellence in Sustainable Development”

Press release from Business Wire India
Source: Frost & Sullivan
Wednesday, September 25, 2013 02:20 PM IST (08:50 AM GMT)
Editors: General: Entertainment, Environment, People; Business: Business services, Information technology, Media & entertainment; Technology
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Frost & Sullivan Announces the Launch of its 2014 Edition of Green Manufacturing Excellence Awards and Summit -"Recognizing Excellence in Sustainable Development"
Nominations Open - Last Date of Entry 31st October, 2013

Mumbai, Maharashtra, India, Wednesday, September 25, 2013 -- (Business Wire India) -- With a mission to partner organizations in building "Sustainable operations and Supply chains" Frost & Sullivan instituted the Green Manufacturing Excellence Awards in 2009. Integrating Sustainability into business models is the way forward for companies! Organizations that understand Environment and Social impact in addition to Economic challenges and design processes to bring a positive impact in all these three elements of sustainability are expected to excel in the future, too. Frost & Sullivan, after four successful editions, is proud to announce the launch of the 2014 Edition of Green Manufacturing Excellence Awards and Summit (GMEA).

According to Mr. Raghavendra Rao, Vice President, Frost & Sullivan, "Testing times usually result in typical behavior by commercial entities: the planning horizon shrinks and recedes into the short-term (you can call it fire-fighting) while most of the long-term concerns take a comfortable backseat. Thus, questions of 'what about the next month or the next quarter,' take a definitive precedence over holistic questions like 'where should we be in the next five years'; and, similar other issues that have long-term implications. One of these pertains to Business sustainability: What are our long-term business risks and what do we need to do 'now' so as to continue to deliver stakeholder value in the medium-/long-terms?".

The 5th edition of Green Manufacturing Excellence Awards (GMEA) continues to catalyze such introspective thought processes in organizations. This transformational process has made a definite difference to most of its participants over the last four years. And, it's Time to Introspect.Time to think long-term! Time to get going, yet again!

The on-site assessment process is designed to evaluate the link between sustainability initiatives being undertaken by organizations and their impact on the business. The emphasis will be to look at long-term sustainability risks identification, and organizational approach to address these issues. Initiatives taken and results achieved by organizations towards Reduce, Reuse and Recycle of Materials, Water, Energy, Emissions, Effluents, Waste and Products, and Services will be assessed. The assessment process will also be used to understand efforts made by organizations towards study of Biodiversity and its conservation, creation of a safe workplace for employees and impact on the society on account of the plant's operations. Efforts towards developing a green supply chain will also be reviewed.

"Safety Excellence Assessments" - As per statistics from the International Labor Organization, globally, there are more than 2.3 million deaths per year due to occupational incidents and work related diseases. These statistics highlight that the need for greater efforts toward creating a safe workplace. Frost & Sullivan would like to support industries in their endeavor through its "Safety Excellence Framework" and recognize efforts of front runners.

Nitin Kalothia, Director, Manufacturing & Process Consulting, Frost & Sullivan opines that "India has significant catching up to do with other nations on safety practices. Many leading corporates have invested the time, energy, and effort required to create safe workplaces, but their numbers are too low to make an impact at the country level".

The Safety Excellence model is built on five broad parameters, Safety Management Systems, Process Safety, Equipment Safety, Employee Safety and Occupational Health. These five parameters are further divided into sub-parameters that evaluate and map the organization's journey from a reactive to a proactive safety approach. Detailed feedback on the maturity of the organization's safety system will be shared in addition to the GMEA report. Also, the highest scoring organizations will be recognized for 'Excellence in Safety' during the Green Manufacturing Excellence Awards banquet.

As an integral part of the process, shortlisted sites are assessed on 'Occupational Health and Safety' along with other parameters. An addition to this year's program is the optional module on "Safety Excellence Assessments"! Thus, in addition to the standard evaluation done for safety systems, organizations can opt to have the maturity of safety systems diagnosed (in manufacturing facilities) and potentially awarded.

To know more about GMEA and its methodology, please log on to http://www.frost.com/gmea

To participate in Green Manufacturing Excellence Awards or know more about the summit, please send an e-mail to Ravinder Kaur/Nimisha Iyer, Corporate Communications, at ravinder.kaur@frost.com / niyer@frost.com or write to us at gmea2014@frost.com with your full name, company name, title, telephone number, company e-mail address, company website, city, state and country.

About Frost & Sullivan

Frost & Sullivan, the Growth Partnership Company, enables clients to accelerate growth and achieve best-in-class positions in growth, innovation, and leadership. The company's Growth Partnership Service provides the CEO and the CEO's Growth Team with disciplined research and best-practice models to drive the generation, evaluation, and implementation of powerful growth strategies. Frost & Sullivan leverages 50 years of experience in partnering with Global 1000 companies, emerging businesses, and the investment community from more than 40 offices across six continents. To join our Growth Partnership, please visit http://www.frost.com.


CONTACT DETAILS
Ravinder Kaur, Corporate Communications - South Asia, Frost & Sullivan, +91 9940141714 / +91 (44) 66814413, ravinder.kaur@frost.com
Akshata Mhatre, Corporate Communications - South Asia, Frost & Sullivan, +91 9867873010 / +91 (22) 66072020, akshatam@frost.com
Nimisha Iyer, Corporate Communications - South Asia, Middle East & North Africa, Frost & Sullivan, +91 9820050519 / +91 (22) 66072004, niyer@frost.com

KEYWORDS
ENTERTAINMENT, ENVIRONMENT, PEOPLE, BUSINESS SERVICES, IT, MEDIA, TECHNOLOGY

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