Monday, February 28, 2011

Union Budget 2011 - India: a step towards sustainable reforms

The Union Finance Minister, Mr. Pranab Mukherjee in an interview with ET has emphasized that reform does not always mean a big ticket item which will capture the headlines. Reform is continuing process. It is not stop and go. It has to be continuous, steady .. sustainable in the long run.

Thus the theme of the Union Budget 2011 is that of sustainability !! The ground for path beaking reforms is being created and nurtured to usher in changes in governance of the democracy.   


The U.K. government is contemplating reducing the incentives it had planned for the solar power sector. Cornwall County hit hard.


The U.K. government is contemplating reducing the incentives it had planned for the solar power sector. The above market rates promised for the sector is seeing a plethora of firms moving into it. The government is keen to avoid a boom bust scenario for the sector. It was a very similar scenario was seen in the Czech Republic and Spain. Some of the County’s like Cornwall are very disappointed by the government’s move. The county was expecting to get around $1.6 billion investments in solar power. The investors are now tightening the purse due to uncertainty in government’s policy.

Booming market for carbon management and energy management softwares

The market for carbon management and energy management softwares are booming. According to one estimate, the U.S firms are expected to spend about $600 million on such softwares in the next four years. The market is expected to grow at an average of 50 % each year. As the economic growth stabilizes, the spending in this sector would also increase. The Oil and Gas sector followed by the telecom sector will be biggest spenders in the green and sustainability management softwares. The sustainability officers will have ever-increasing budgets at their disposal.

Proctor & Gamble has initiated many projects for Green and Sustainable Growth. Wind and Solar Power, LEED certification, recycling, rainwater harvesting and waste management are some of them.

Proctor & Gamble has decided that most of the new site of the organization would be LEED certified. The firm is already in the process of getting its plant in Taicang in China LEED certified. In addition to that where ever local certification is available the firm will also work towards it. The Plant in China would have rainwater harvesting, waster water management, solar powered lighting, recycling facilities and zero waste to landfill. Some of these features are already being used by the firms other facilities in other countries. The firm also has a long-term target of powering 100% its plant from renewable sources of energy. The firm is also using wind power at its plant in Coevorden, Netherlands. Some of the office buildings of Procter & Gamble is already LEED platinum certified.

The King’s Speech is sweeping the 2011 Oscars, let us take look into how Oscar is becoming Green and Sustainable.

While The King’s Speech is sweeping the Oscars, let us take look into how Oscar is becoming green and Sustainable. Every year the organizers of Oscar and the stars who attend the night make sure that they do their bit to make the event green and sustainable. Some stars like Livia Firth would be wearing a dress, which has been recycled from old dresses. Stars are also making a conscious effort to move into environmentally friendly fuel-efficient cars. Some of them also might give up limousines and other vehicles, which are not so environmentally friendly. Some of the actors support the cause of animal rights and promote being a vegan. The red carpet that will be used in the Oscars is being made out of recycled water bottles. There are also four documentaries, which have been nominated in the Oscars cover green topics. Efficient Hydrogen Fuel cells will be the energy source for the lighting. In addition to that there is an effort to server organic food for the various parties that are held during the event.

Sunday, February 27, 2011

Green Architecture has been the focal point in the recently inaugurated architecture fair in Seoul, South Korea.

Green Architecture has been the focal point in the recently inaugurated architecture fair in Seoul, South Korea. People and customers have been showing increasing interest in green buildings and town planning. To keep in tune with the times the Seoul fair is focussing on green buildings. It attempts to bring in small firms, and large corporations under a single roof and brings latest developments in architecture and building technology to address worlds environmental issues.

Attorney General of Missouri has sued the firm Camden County, Mo. company KMS Developments and the owner Dennis Karl

Attorney General of Missouri has sued the firm Camden County, Mo. and the owner of the firm for violating the Clean Water law of the state. According to the lawsuit, there has been three accounts of violation by KMS Developments and the owner Dennis Karl. The firm owns a water treatment plant has violated the following:

• It has not installed the ultraviolet disinfection system

• In fact it didn’t even have an permit to operate

• Security measures were not adequate to prevent unauthorized entry into the facility

Organization Efficiency and Green Organization through ERP implementation. Master Data mamangement for SCM and ERP

Master data is backbone for any ERP implementation and more so for planning tool like SCM master data hungry animal. Especially when we talk about the SCM as it cut across various functions and dependencies are quite high, it’s most important to have this integration done as we have experience more often a time the master data gets corrupted during this integration only.

We have created and followed the following in our case. This has given us good results.

Note on Central Operations Planning Team
Scope
Ensure effective and accurate planning enabled by SAP -APO
Validate all business rules and process parameters in the Planning system
Ensure accuracy of master data in line with business rules and process parameters
Analyze and interpret planning run results and accordingly advise execution teams.

Team composition

Central Planning Coordinator – integration across the planning functions
Sales coordinator – Demand side management
Production coordinator(representation of each category) – Production mgt
Category Finance representative
Procurement coordinator ( RM/PM) – Procurement mgt
Logistics / warehousing coordinator – demand fulfillment
SAP – APO lead – System Support

Team member’s roles & responsibilities

Central Planning Coordinator
· Function as a central point of contact for all planning related areas
· Ensure smooth functioning of both the Planning and Execution system
· Ensure all Input parameters(business rules) & Master data are updated/validated in the system as per run schedules
· Coordinate system output validity checks and report back for corrective action wherever necessary
· Coordinate central APO runs and subsequent deployments with the Central SAP Shared service team
· Responsible for manual interventions in the system in co-ordination with the planning team members to handle exception scenarios
· Identify training needs and coordinate training programs for users

Sales Coordinator
· Ensure/Check forecast in line with demand plan note and demand transfer to APO-SNP in quantity and location terms is as per schedule
· Provide input parameters like deployment settings, product priority, network correction/creation, FG masters extension/creation, delay in days, safety stock norms, market –System SKU mapping, Schemes schedules., etc prior to the planning run (as per the norms at-least 7 days prior to the run)
· Point of contact between the brand team and Sales Ops. Team at front-end for new launches, market extensions and any other market interventions to be mapped in the system
· Responsible for analytics and report-backs in the areas of finished goods demand and supply
· Identify training needs and coordinate training programs for users

Manufacturing Coordinator (for each Category)
· Review and validate production related master data in the system prior to the planning runs (as per the norms at-least 7 days prior to the run). These include capacity, capability, factory calendars, planned shutdowns, etc.
· Provide input parameters like run sizes, Change-over plans, extension of SKU code to a plant, safety stock norms etc. before planning runs
· Conversion of production plan to manufacturing schedule (planned orders to process orders with necessary amendments)
· Analysis of system outputs and report back on shipment plan and mfg. schedules
· Identify training needs and coordinate training programs for users

Category Finance Representative
· Review and validate FG price masters and supply chain cost parameters at each nodal point before the periodic run
· Validate the supply network from the cost angle

Procurement Coordinator
· Review and validation of procurement related masters before monthly planning runs (as per the norms at-least 7 days prior to the run). These include procurement lead time, forward cover stock etc.
· Analysis of system outputs and report-backs on the procurement plan
· Identify training needs and coordinate training programs for users

Logistics Coordinator
· Coordinate daily shipment activities from hubs / manufacturing locations for K1 and K2 movements to comply with the system proposed shipment plan
· Monitoring and review of transit stocks and Stock on Hand to ensure accurate updation of the same in the system
· Identify training needs and coordinate training programs for users

SAP – APO lead
· Ensure completeness of all master data and system parameters prior to the planning runs
· System Configuration and design for new products, locations and processes
· Coordinate all system runs as per schedule with the Central SAP team
· Coordinate trouble-shooting in case of any system errors
· Enable business analytics by providing necessary data from the system to the business team
· Arrange training programs for users based on identified training needs from the team

Saturday, February 26, 2011

UPS: Green Fleet, 48 LNG powered Trucks. Working along with US Department of Energy’s Clean Cities program to build LNG fueling stations in Las Vegas

UPS is always been green conscious. Over the years, it has been trying to reduce fuel consumption by introducing various energy efficiency improvement projects. Now it has bought 48 new tractor trucks, which run on liquefied natural Gas (LNG). The new truck will be more energy efficient and will emit about 25% less green house gasses.UPS is working along with Department of Energy’s Clean Cities program to build LNG fueling stations in Las Vegas. Once the fueling stations are build UPS is planning to increase the number of LNG power trucks.

Philips Electronics has managed to achieve a 7 % reduction of carbon footprint.

Philips Electronics has managed to achieve a 7 % reduction of carbon footprint. It has also improved its operational efficiency by six percent, which has resulted in energy efficiency. The annual reports show that the organization has reduced it carbon footprint from 1937 kilotons to 1808 kilotons of CO2 equivalent between the year 2009 to 2010. The organization also improved its energy efficiency from 1.35 to 1.26 terajoules per million euro sales. The firm also showed that it is far ahead in the path of Green and invested about 450 million Euros in projects of Green innovation. It had a target of investing 1 billion Euros in such project, which it has already done two years before schedule.

IFRS Financial Sustainability. To adopt or not to adopt?That is not the question:

Converting to IFRS is one decision you won’t have to make. Every company will eventually be going on this ride. The questions are when and how. This might feel eerily familiar. Over thepast decade, many companies have traveled the Y2K and Sarbanes-Oxley roads. Those experiences offer lessons you’ll be able to use with IFRS, but there are important differences, too. For one thing, IFRS is being driven by the globalization of capital markets. Not just by government policy. This is a unique challenge. If you act as though you’ve done it all before, you’ll run the risk of under-planning and missing opportunities. And if you think convergence will solve this problem, think again. Important decision points are coming up faster than you may think. Do you want to get ahead of the crunch and ensure a smooth, orderly process? Do you want to move among the early adopters to realize potential benefits before your competitors? Every business will have a different outlook on IFRS, but no matter what your approach, know this: The full transition will take a well planned effort, requiring leadership and vision. For many companies, it will take at least three years

Friday, February 25, 2011

Employee participation is the key for the success of any sustainability initiative within an organization : Alcoa and Entergy Corporation


Employee participation is the key for the success of any sustainability initiative within an organization. In addition to that, if customers and suppliers also participate in the program then it becomes an added advantage. Some organizations like Entergy Corporation have made a conscious effort to include the local community as an integral part of the sustainability initiative. They have included the local non-profit bodies as a part of the program and the disadvantaged consumers. Alcoa have launched a program where in they have engaged themselves with the local community and schools. In one of the program, Alcoa saved about $100,000 from reduced power consumption from a suggestion made by an employee.

Taiwan plans to have around 6400 MW watt of installed capacity for power generation from renewable sources by 2020.

Taiwan plans to have around 6400 MW watt of installed capacity for power generation from renewable sources by 2020. In the year 2009, the installed capacity was around 3060 megawatt. The electricity from renewable sources will constitute about 6% of the total energy being consumed by the country in 2020.

New boiler norms under Clean Air Act by Environmental Protection Agency (EPA, US ) will reduce the cost to the industry by half

Environmental Protection Agency (EPA) has come up with new rules that will reduce the cost for the industry to half of what it was earlier estimated. The Clean Air Act standards for boilers and certain types of incinerators have come up with norms, which will result reductions in toxic emissions like mercury dioxins etc. With the new rules, the costs are estimated to be $1.8 billion for the industry. The new rules also puts up norms for the boilers, which are small and are installed in hospitals, universities, hotels and buildings. Last year industry had raised concerns that which huge amount that would be involved in adhering to the rules the cost to the industry would stall economic recovery.

Sustainability management requirements of an organization. Tasks under the purview of a Chief Sustainability Officer ( CSO ) for an Australian organization

Sustainability management requirements of an organization based out of Australia:

The following points try to highlight some of the tasks under the purview of a Chief Sustainability Officer ( CSO ) for an Australian organization:

• Most of the organizations need to report to the federal government some of the reports are as follows: Energy Efficiency Opportunities Program, National Greenhouse and Energy Reporting framework, National Pollutant Inventory.

• State government reports as follows: Environment and Resources Efficiency Plans, WaterMaps.

• Monitor the utilization of electricity, gas and water. Data can be collected from a range of sources and used to identify high resource-consuming buildings, to monitor ongoing building performance, to generate building ratings, for internal cost recovery. Smart meters can be integrated with sustainability management systems for automated data gather.

• The organization needs to proactively do cost benefit analysis and forward planning of utilities, environmental projects and initiatives

Thursday, February 24, 2011

Hospitality Industry prefers the color Green !!

After a stock market listing in October 1994, Kamat Hotels Chairman and Managing Director Vithal Kamat was looking for the next big need to meet in the hospitality business. A conversation with a close friend steered him towards building an environmentally responsible hotel that could fill a niche in the hospitality industry. Three years later, the plan came to life in the form of Asia's first eco-friendly hotel - its was frst hotel in the region to be certified by HVS, New York, a global consulting and services organization - branded The Orchid. This 5-star property in Mumbai targeted the business traveller, was located near the airport and was competitively priced. The Orchid was a success from the start - culminating in the form of over 63 international awards for its energy conservation efforts.

Between 1997 and now, the go-green wave in the hotels business in India has gathered momentum. There are now at least 7 - 10 hotels in the country that have been certified by HVS and LEED (Leadership in Energy &Environmental Design) agency. The cost of an ECOTEL (eco-hotel) is about 5 - 10% more than a regular hotel but the long term savings and benefits most certainly offset the investment. A proper implementation of eco-friendly practices reduces wastage and the operating profits are maximized.

Hotel Rodas is a fine example of sustenance - both environmentally and financially. Its arched facade, glazed windows and internal walls are not just visually appealing, but also play a critical role in reducing loss of energy from the sides of the building and maintaining lower temperatures within. The hotel uses heat generated by its ACs to heat water for its bathrooms and kitchen, doing away with boilers in the process. The heat recovery system alone saved approx. Rs. 14 lacs between Jan 08 to Oct 09 estimates HVS. Energy efficient lights lead to a saving of Rs 34,000. Use of recycled paper / stationery adds Rs. 1 lac to the kitty.

Some instances of greening the hotel: 
  • Use of CFLs as lighting options
  • Use of bio-blocks in staff urinals to eliminate water wastage
  • Reflective albedo roof coating and hanging gardens reduce heat absorption and AC costs
  • Water harvesting, water treatment plants and water efficient fixtures
  • Trees and plants in gardens watered by treated sewage water
  • N-E facing helps reduce heating by direct sunlight
  • Double insulated windows reduce needs for AC and daytime lighting
  • Cement mixed with fly ash is more durable than plain cement for longer sustenance
  • Heat generated by AC units used to heat water centrally
  • Use of recycled paper / stationery
The growing green consciousness in the hospitality industry clearly show that such initiatives add to the bottom line, not just add a new dimension to a hotel's brand identity. Environment-friendly practices elevate a hotel's profile and save a lot of money.

A business process view of the impact of ICT in Real Estate Sector

This paper was published as part of the proceedings of Business Process Council (BPC) World Conference 2007, Mumbai, Nov 2007

Authors: Mazumder S and Chatterjee A

Abstract: The paper begins with an introduction to the growth story of the real estate sector and the tremendous developments in the field of ICT over the past decades. The view of the real estate sector taken is essentially a business process oriented one. A traditional (disconnected, isolated) ICT approach vis-à-vis an integrated (connected, transparent) ICT approach has been compared and the potential of the latter has been emphasized for further growth of the sector.


This paper is an endeavor to portray how business process efficiency is enhanced by implementation of integrated ICT systems.
 

Green Supply Chain as a competitive advantage enabler in the FMCG sector

This paper was published in the proceedings of Business Process Council (BPC) World Conference 2010, Mumbai, Sep 2010

Authors: Mazumder S and Chatterjee A

Abstract: The paper briefly discusses how supply chain plays a pivotal role in any FMCG company’s competitive advantage in the market and how traditionally companies have been focusing on building highly efficient supply chains to achieve the same.


However in a broader context, companies need to recognize other more impactful forces pertaining to protecting our environment that are gaining prominence globally and especially now in the Indian scenario. Organizations are taking steps to become environment friendly and going green within the boundaries of their business objectives. Initiatives to minimize carbon footprint across the supply chain, is even more significant, where pricing is extremely competitive and the shelf price increases further in certain countries which impose additional taxes for large carbon footprint.

For the FMCG industry where supply chain is a key driver for attaining competitive advantage, this paper discusses key aspects of greening the supply chain including best practices, approach to going green which strikes balance between social goals and business goals and case studies highlighting some of the initiatives taken up by leading FMCG companies.
 
Read full paper

Spend Analysis as a strategic cost advantage driver in SCM

This paper has been published as part of the proceedings of Biennial Supply Chain Management Conference, IIM Bangalore, Jan 2011

Authors: Mazumder S and Chatterjee A

Abstract: Procurement and Supply Management function plays a key role in manufacturing as well as services supply chains. Over a period of time, the function tends to become a support function to areas such as production, services, quality, maintenance and other key line functions and continues to perform a transactional role.

While in an upward inclined economy, most organizations focus on value creation through top-line growth, aggressive marketing plans, extensive ATL communications and new product launches, there is always an opportunity to unlock potential value through cost reduction initiatives in the procurement and supply management area to register higher levels of operating profits. The need to undertake such strategic cost reduction programmes becomes even more pronounced during downturns, when opportunities to grow by the top-line diminish and the organization may compete in the marketplace by harnessing the cost advantage and being more profitable than peers.

This paper discusses Procurement Spend Analysis as a technique and tools to achieve cost advantage in the supply chain. Organizations derive potential benefits from undertaking such strategic cost reduction programmes to provide impetus to its bottom-line.
 

ICC World Cup cricket being organized in the Indian subcontinent and being hosted by India, Sri Lanka and Bangladesh. How much Green is the event?

ICC World Cup cricket being organized in the Indian subcontinent and being hosted by India, Sri Lanka and Bangladesh. It would be a good study to see to find out what is the effect of such mega event on the environment. It is a well-known fact that such events have a salubrious effect on the local economy however, they do have a major impact in terms of environmental aspects. Have the organizers taken measures to neutralize the effect of the event? What is the Carbon and other Green house Gasses emitted from such events. How are the organizers making sure that the wastes generated are disposed of in an environmentally friendly manner? I have not found any information.

Indian Space Research Organization ( ISRO ) has found a underground cave on the lunar surface using Chandrayaan-I data

Indian Space Research Organization ( ISRO ) has found a big underground cave on the lunar surface. This could be used by man to settle on lunar surface and conduct scientific experiments. Scientists form Space application Centre (SAC) using data from the Chandrayaan-I have found this 1.2 km long horizontal lava tube. This cave would be a good shelter for the astronauts on the hostile environment of the moon.

Heinz in a move towards Sustainability and Green will start using plant- based bottles developed by Coke.

Heinz in a move towards Sustainability and Green will start using plant- based bottles developed by Coke for their 20-ounce ketchup. Heinz and Coca- Cola have announced a partnership in this regard. The traditional bottles which Heinz uses have greater GHG footprint and hence moving over to the plant based bottles will help them to reduce green house gasses emissions, energy and water consumption and Solid waste.



Faulty approach by Sustainability rating Firms

In a recent study and research by consultancy firm SustainAbility found that most of the firms which rate organizations on their sustainability initiatives actually do not disclose their methodology and approach to the firms they are rating. The methodology is often a black box and organizations often do not come to know how and what to do to improve on their ratings. The rating firms at least should disclose the methodology and various parameters to the client so that they can work on those areas where they do not fare well. The rating firms also often depend on sources of public information and media to form their opinion. There is a huge discrepancy in approach of various rating systems.

Earthquake of 6.3 magnitude struck Christchurch, New Zealand.At least 65 people seems to have died and the toll is expected to rise further.

Earthquake of 6.3 magnitude struck Christchurch, New Zealand on 22nd Feb 2010. At least 65 people seems to have died and the toll is expected to rise further. Christchurch is New Zealand’s second biggest city. This is the country’s deadliest natural disaster in the last 80 years. The damage caused by this earth quake seems to be much more than the one caused by the earthquake measuring 7.1 on 4th September. The dead include people who were travelling busses and were crushed by falling buildings.

International Organization for Standardisation (ISO) , ISO 26000 for Sustainability is not a code which can be certified by any organization.

According to International Organization for Standardisation (ISO) , ISO 26000 is not a code which can be certified by any organization and body. This is a code is voluntary guidance for Sustainability. Hence organizations and governments cannot force any organization and suppliers to comply with this guidance. According to Roger Frost, head of communication at the ISO central secretariat in Geneva, “Anyone tempted into buying such a service is wasting their money and risks damaging the credibility of their organization since ISO has made it quite clear that ISO 26000 is not a certification standard,”.

Wednesday, February 23, 2011

Green Supply Chain research by A.T. Kearney , Ernst and Young

In a research carried out by leading management-consulting firms found interesting results on Green Supply Chain. The emissions almost doubled in 2010. Organizations are making carbon management a increasing part of the supply chain strategy and the number is up to 17 %. Climate change policies are becoming an integral part of the business strategy. For example in one of the initiatives by PepsiCo the organization saved almost $60 million in energy. Organizations are increasingly adhering to the CDP supply chain program.

Kraft Foods is planning to use EPS Corp systems and services to reduce its energy consumption.


Kraft Foods is planning to use EPS Corp software for carbon and energy management and services to reduce its energy consumption. The organization plans to deploy EPS’s xChange Point system after the pilot project at one of the facility gave encouraging results. Kraft has already cut its energy consumption by 15 percent. The energy experts from EPS will also help Kraft to identify the potential improvements and the initiatives for Sustainability.

Rocket farms is large flower grower in US. The firm has taken a number of measures to reduce their energy consumption.

Rocket farms is large flower grower in US. The firm has taken a number of measures to reduce their energy consumption. They have installed heat curtains and under-bench heating. They have also installed rolling benches to increase the utilization of space in the green houses. They have started using drip irrigation, building green houses using recycled materials, reducing consumption of pesticide by pest management and recycling cardboards and plastics. The firm was rewarded an incentive of about $300,000 by Pacific Gas and Electric for its energy saving drives.

Israel based Ormat Industries Ltd. said that it expected to report loss in 2010. The firm operates and manufactures geothermal plants.

Ormat Industries Ltd. said that it expected to report loss in 2010. The firm operates and manufactures geothermal plants. The firm is based out of Israel and it mentioned that it would write down the value of a U.S. unit. The share fell in the Tel Aviv stock exchange on the news.

Tuesday, February 22, 2011

Oracle is targeting the market of smart meters by launching its solution Oracle Utilities Meter Data Management 2.0.

Oracle is targeting the market of smart meters by launching its solution Oracle Utilities Meter Data Management 2.0. This solution will help energy and utility firms to manage consumer’s energy and water consumption data. This solution will interface with smart meters. This also has a portal where in the customer service representative and the technician can view consumer’s details and past consumption data. With this release the firm has resolved a lot of integration issues between disparate systems.

Prince Charles of UK delivered a speech on low carbon and its cross-linkages with development and prosperity at the European Parliament.

Prince Charles delivered a speech on low carbon and its cross-linkages with development and prosperity at the European Parliament. He covered various aspects of industrialization, environment and developmental issues. About 300 MEPs (Member of the European Parliament) attended the talk. Economists, EU corporate leaders, Investors, Pensions Funds also attended the Summit. The complete transcript of the speech is available at the following website:
http://www.princeofwales.gov.uk/speechesandarticles/a_speech_by_hrh_the_prince_of_wales_to_the_low_carbon_prospe_1007667674.html

India’s Reserve Bank of India ( RBI ) has decided to allow banks to lend at a subsidized rate to solar power projects, which do not link up to the Grid

India’s Reserve Bank of India ( RBI ) has decided to allow banks to lend at a subsidized rate to solar power projects, which do not link up to the Grid.  Projects like Village lighting can be subsidized by as much as 5 percent out of which 2 percent can be refinanced by the government. India’s has an ambitious target of setting up 20,000 megawatts of solar power generation capacity by 2020. This project has been named as the Solar Mission. The Ministry of New and Renewable Energy plans to install a solar capacity of 200 megawatts under this project by 2013.  

Contact Energy, which is New Zealand’s largest Energy and utility company, has plans to raise about $500 for a geothermal project


Contact Energy, which is New Zealand’s largest Energy and utility company, has plans to raise about $500 for a geothermal project in New Zealand. The firm has already placed order for equipments for the 166-mega watt power plant. The Te Mihi project will be built near the Wairakei plant. Once the new plant is ready in 2013, the old plant will be decommissioned. According to the Chief Executive Officer of David Baldwin Geothermal Energy is the most important source of power in the country as most of the other sources of power depend on the vagaries of nature. The firm also has the permission to build a second steam plant with a capacity of 250 megawatts.

Monday, February 21, 2011

United Nations Environment Program (UNEP) has suggested that $ 1.3 trillion per year would be required to boost the Green Ecosystem

United Nations has suggested that to give a boost to the Green Economy countries would need to pump in about $ 1.3 trillion from industries to areas, which will help cut emissions of Green house gasses. This money roughly translates to about 2% of the economic output. This would also greatly reduce the dependency on fossil fuels and reduce the effect of fuel price fluctuations on the economy. The areas where this money would be utilized are as follows:
· Agriculture
· Buildings
· Energy Supply
· Fisheries
· Forestry
· Industry
· Tourism
· Transport
· Waste
· Water
The details of the study is available in a study by United Nations Environment Program (UNEP).

India plans to use Coal tax to build distribution system for power from renewable sources like solar and wind power

Every coal producer in India pays tax. The government is mulling over to check if they can use a part of this money to build up transmission line for clean energy. The money would be distributed to the States, which are building significant capacity to generate power from renewable sources (like solar and wind power). The money would be used by the states to build the infrastructure to distribute the power generated from such sources. A nationwide grid is not available to distribute power generated from renewable sources. The coal tax, which is in effect from 1 July, is expected to generate revenue of $ 500 million.

About Us: Sustain2Green , Making a Sustainable Impact



Sustain2Green - presentation


Sustain2Green is a unique platform to bring forth interesting articles, thoughts, surveys ,findings, news and updates about everything related to sustainability and greening initiatives across the globe. This could range from initiatives around core manufacturing, supply chain and logistics management, products, alternate energy solutions, infrastructure, governance, leadership, health, entertainment, sports and many more areas.




Today sustain2green is a rich repository of relevant content contributed by hundreds of authors drawn from various walks of life. The contributors include eminent thought leaders from the Industry, Academia, Consulting and Professional bodies who passionately believe in the cause - 'the need for sustainability and greening in all aspects of life'. The panel includes senior management executives, researchers, practitioners and thought leaders. The team has a vision to build a strong network of passionate believers in the cause,sustain2green is a forum with a ever growing number of followers keenly followed by leading search engines, print media houses and portal rating services. We have been indexed by The Huffington Post, The Times of India, Mumbai Mirror and many others.


We believe the journey is getting exciting everyday...

Write to us at sustain2green@sustain2green.com to explore ways to be a part of this journey or to contribute articles.

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Started with a vision to create a forum to exchange ideas and create a vibrant discussion forum on key challenges that we are faced with today around sustainability and green initiatives in 2008, the portal has been gaining popularity leaps and bounds.

We are being tracked regularly by leading search engines, indexed by leading blogs, aggregators and media houses. Visitors from all over the globe love visiting this portal for news, updates, articles, white papers and sustain2green point of views. This is a forum where various contributors post updates and articles for discussion. It does not claim copyrights or originality of posts.

We beckon everyone who is passionate about this theme to know more about this forum and get associated with this idea whose time has come...

Sunday, February 20, 2011

CEOs believe the era of sustainability has come

Late last year Accenture along with the United Nations Global Compact, released the CEO study "A new era of sustainability". The most significant finding is 93% of the approximately 1000 CEOs surveyed from across the globe indicated they believe sustainability is important to their company's future success. 

In his foreword to the report, UN Global Compact executive director Georg Kell states: “today’s CEOs are more convinced than ever of the need to embed environmental, social, and corporate governance issues within core business. But they also are convinced that good performance on sustainability amounts to good business overall: The imperative to act has shifted from a moral to a business case". 

The study points to five key ways businesses can collaborate with other organizations—including suppliers, governmental agencies, and nongovernmental agencies—to drive more sustainable business practices. These points include actively shaping consumer and customer awareness, attitudes, and needs; generating new knowledge, skills, and mindsets for sustainable development; leading the creation of an investment environment more favorable to sustainable business; embedding new concepts of value and performance at the organizational and individual levels; and creating a clearer and more positive regulatory environment for sustainability.   

Giving Pledge - Warren Buffett, Bill Gates and Melinda Gates – Their Visit to India


Warren Buffett, Bill Gates and Melinda Gates are coming to India next month. Their mission is pure philanthropy. In his recent article, the three have expressed their excitement about the visit to India. They want to meet the rich and the wealthy people in India and want to convince them to give a part of their wealth to the society. They have termed it as the Giving Pledge. In US the movement has met with good success. Recently Azim Premji donated about $ 2 billion to his philanthropic activities. It is also good to see the three also have gained good knowledge about India and its history. It is also heartening to see that these rich and famous people have made more visit to India for their philanthropic activities than they made for their Business pursuits.

Organization Sustainability through IFRS - Where the rubber meets the road

IFRS isn’t completely different from Indian GAAP. After all, it’s still accounting. But a lot of important things are different, and each can trigger far-reaching changes. Here are some of the key things to look out for—and what CFOs need to do about them.

Meet that long-lost relative :-
The change - Consolidation policy. Entities are consolidated based on assessing risks and rewards, as well as governance and decision-making activities.

The implication - More entities may be consolidated. Entities that may need to be assessed for consolidation include those where there is a significant equity investment, such as joint ventures, special purpose entities, and franchisees.

Are you afraid of commitment? :-
The change - Provisions. Under IFRS, a liability is recognized when an entity has a demonstrable commitment—a different standard from under INDIAN GAAP.

The implication -Liabilities will be recognized and measured differently. Examples include restructuring charges, onerous contracts, uncertain tax provisions, litigation, and asset retirement obligations

Recognizing the unrecognizable :-

The change -R&D. Internal costs to develop a product must now be capitalized

Development costs will be deferred and amortized. Entities will need to identify and track costs that should be capitalized as assets, assign useful lives, amortize the assets, and evaluate them for impairment.

Is the price right? :-
The change -Asset impairment. Impairments are recognized based on an asset’s recoverable amount—the higher of its fair value and value-in-use.

The implication -Impairment charges will be recognized earlier and measured differently. They are also required to be reversed if the conditions that led to the impairment no longer exist.

Is the value fair? :-

The change -Financial instruments. Fair value measurements may be different and are not always based on exit value. Assets are derecognized based primarily on an assessment of risks and rewards. The debt and equity components of contracts are required to be separated.

The implication -Financial assets and liabilities will be measured differently. It will be more difficult to derecognize financial assets because qualified special purpose entities no longer matter. Instruments with debt and equity elements will be accounted for differently

Depreciation isn’t simple anymore :-
The change -Property. Assets are depreciated on a component basis, and an asset’s residual value is revalued each period. There is also an option to revalue property.

The implication -The computation of depreciation will be more complicated. Also, the measurement of an asset may be different.

What’s 2+2? :-
The change -Less guidance. IFRS is less reliant on bright lines and detailed rules than INDIAN GAAP.

The implication -CFOs will need to focus more on the economics underlying transactions and events. This will eliminate accounting arbitrage and result in more judgment in applying standards. Examples of areas where more judgment is required include financial statement presentation, property, leases, revenue recognition, consolidation policy, provisions, intangibles, and financial instruments.

Saturday, February 19, 2011

Spain has decided to join the European Union trading system on carbon dioxide allowances when the third phase begins. The third phase is expected to begin in 2013.

Spain has so far not joined the European Union’s trading platform on carbon dioxide allowances. However, it has decided to join the trading forum when the third phase begins. The third phase is expected to begin in 2013. This information was given by spokeswoman from the ministry of climate of Spain.

Financial Sustainability - IFRS understanding and mapping to ERP SAP

Trust you guys are very bussy preparing for IFRS since the countdown has started and it is no longer a wishful thinking any more...All must of grearing up their concerned area of interest as preparor of financial statement or as practionor or as user of the report. Plz take a pause and ponder whether we will be able to comply with all the requirements of standards by preparings financial statement & books of accounts manually. All the complex principles like fair value, NRV, marked to market price, componentised capitalisation, etc. which itself will be paradigm shift from the historical cost of reporting. Further, most of quality professional time will be invested in presentation and disclosure. Most of the professional time will taken in applying the principles of IFRS - 'Form over substance'. In such situtation your dependency on the IS [ information system] will increasly become intese. Further, there are enterprise which have already invested in ERPSAP or other form of ERP. You have to spend qulaity time in tweaking and tinkerring the application module to make the same align with you IFRS requirements and yet suit the business process of the organisation. In addition to all these there is one more imposing challange staring at our face, is training all process owners, power users, end users,etc. where most of them may be having any finance background or acumen. The evaluation of your level of preparedness in the above context is also call for serious attention. The adoption of IFRS or convergence of IGAAP to IFRS may happen at statue level but the same has to get infused in the culture and work practice of the enterprise.....

FedEx has announced that it has opened the first Green Data Center next to its Rocky Mountain Tech Center in Colorado Springs.

FedEx has announced that it has opened the first green data center next to its Rocky Mountain Tech Center in Colorado Springs. The environment friendly data center is claimed to be one of the best in the country in terms of energy efficiency. The data center’s Power Usage effectiveness (PUE) ratio on an average is 1.28. A ratio of 1 is said to be the perfect and most data centers have the PUE ratio at around 2.5. FedEx has also applied to LEED certification for the building.

Friday, February 18, 2011

U.S. Environmental Protection Agency and the San Joaquin Valley Air Pollution Control District have settled a dispute against two biomass power plants in California.

 














U.S. Environmental Protection Agency and the San Joaquin Valley Air Pollution Control District have settled a dispute against two biomass power plants in California. The companies have been accused of violating Clean Air Act by emitting various green houses gasses and other pollutants much beyond their permissible limits. The two companies have agreed to pay an amount of $ 835, 000 jointly. They would also need to install equipments and instruments, which will help to monitor and report the emission of air pollutants by the two organizations. The San Joaquin Valley has five of the ten cities which have the worst air quality in United States.  

Indian Institute of Management Calcutta, India ( IIMC ) – Social Initiative - INCA ( INitiative for Community Action )


Greetings from INCA (INitiative for Community Action)! We are pleased to release a compilation of all the consulting projects undertaken by lNCA in 2010-11 (http://tinyurl.com/projects2010-11). This year, 19 teams worked with 13 organizations from the social sector on a variety of projects, under the guidance of 12 faculty members. The organizations we helped ranged from Bengal Home Industries Association which is close to completing 95 years to a new generation advocacy organization like Prantakatha. The projects varied from marketing to fund raising to designing awareness campaigns to help in capacity planning. Besides the attached Abstract document, INCA has also released a booklet containing detailed reports of the work done on all 19 projects, which will be available at IIMC Library for any future reference. Apart from the management consulting projects, INCA was also actively involved in organising various events at IIMC to promote social awareness. Some of these activities included:The first ever "Joy of Giving Week" at IIM Calcutta from 26 Sept - 2 Oct, where students and faculty members donated money, clothes, books, and other resources to help the under-privileged Blood Donation Camp at IIM Calcutta in association with Indian Association of Blood Cancer & Allied Diseases 3 Guest Talks by: Mr. Anshu Gupta (an Ashoka Fellow and founder of Goonj), Ms. Anupama Muhuri (Manager-Volunteer Action, CRY), Mr. Bappaditya Mukherjee (Social Development Consultant) Stalls by CRY, Bengal Home Industries Association, Behala BodhayanWe hope to continue receiving your guidance and support in all of INCA's future endeavors. To know more about INCA activities, do visit our website: http://www.inca-iimcal.com/
- From INCA - IIM Calcutta

Vestas plan for the first off shore wind farm on floating platform with agreement with WindPlus

Vestas Wind Systems A/S, is the world’s largest manufacturer of wind turbines. It has also planned to deploy the world’s first off shore wind farm on a floating platform. For this it has signed an agreement with WindPlus.

German firm Conergy AG is planning for $ 2.7 Billion wind farm in Australia. Australian Prime Minister Julia Gillard is focused on clean energy

The German firm Conergy AG is planning for $ 2.7 Billion wind farm in Australia. The firm is waiting for more support from the government. They are also looking towards the expansion of targets of renewable energy by the government. The firm is also expecting that the government will put a praice on carbon emission which will force people to move towards renewable energy. Australia has a target to draw 20 percent of its energy from renewable sources by 2020. Prime Minister Julia Gillard has decided that it is important to push the country to move towards clean energy.
http://www.wikio.co.uk