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In this issue:
Issue: #3 | June 2014
Translating�Vision��������������������������Into�Reality
To subscribe visit : www.fiinovation.co.in
Incorpora�ng Sustainability in
Business Processes by Inves�ng
in Philanthropy
India's An�‐Tobacco Campaign
: A take
Fiinobserva�on of Interna�onal
Days
Fiinova�on ‐ IOD at the 24th
World Congress on Total Quality
& Leadership
Fiinova�on ‐ IOD at the 24th World Congress on Total Quality and Leadership
01
Influencersspeak…
"Any company, which does not report non‐compliance towards the CSR rule is liable to be charges of penalty in the bracket of Rs 50 thousand to Rs 50 lakhs. Also, the board of directors may be charged with imprisonment for 5 years and/or fine worth Rs 25,000,”
‐Milind Antani, Nishith Desai Associates
“While every ci�zen of India has a role to play in social development, corporate leaders have to become front‐runners.”‐N. R. Narayana Murthy, Infosys
“If those who are be�er off do not act in a more socially responsible manner, our growth process may be at risk, our polity may become anarchic and our society may get further divided.”
‐Dr Manmohan Singh, Former PM
The 24th Annual World Congress on Total Quality and Leadership & the Golden Peacock Awards were held on 23-24 May 2014 at
Trivandrum, Kerala, India. The event, a joint initiative of Fiinovation & Institute of Directors (IOD), was attended by over 200
international and national delegates. Taj Vivanta, Trivandrum witnessed the participation of various senior dignitaries with the
onset of its Opening Session that started with the welcome address by C. M. Radhakrishnan Nair, Chairman, IOD Kerala State
Chapter who highlighted the significance of the theme of leadership given the changing political scenario of the country.
The Guest of Honour, E K Bharat Bhushan, IAS, Chief Secretary, Govt. of Kerala spoke of the interdependence of quality and
leadership 'which cannot be divorced'. Prof Colin Coulson Thomas, Professor University of Greenwich spoke of leadership being
'not about us but about those people without whom we would not be able to deliver'. Attributing leadership to traits of 'focus,
reverence, decisiveness and courage', Prof Thomas focused on 'reinvention being the key to longevity.
S. Chakraborty, CEO, Fiinovation spoke of the paradigm shift of what leadership is today, he recalled Mahatma Gandhi words
where he spoke of it was 'the yesteryears when the leaders would be known by the muscles they use. Today they will be known for
their capacity to bring their community along themselves.' He spoke of a new school of leadership which is waiting to be born that
looks at re- conceiving. Mr Chakraborty spoke of how leadership is no longer about flexing your muscles but has moved from 'what'
to 'who and how'. We need to look stakeholder engagement that may or may not be the shareholder of the company.
Mrs. Sheila Dikshit, Hon'ble Governor of Kerala attended the Inaugural Session where she spoke of the relevance of working
collectively, working hard and working inclusively. She advocated for work, which must continue ,while the government, judiciary
and industry and other facets develop a holistic vision for development that understands the aspirations of the rich and the poor.
She advocated for education and skill development as important agendas.
The Role of Leadership in Driving Excellence & Sustainability chaired by S. Chakraborty who emphasized the relevance and role of
sustainability in ensuring long term business success.
The Golden Peacocks Nite Award was honored by Hon'ble Mr Oommen Chandy, Chief Minister of Kerala who quoted Peter
Drucker through his thought provoking statement which spoke of how 'rank does not confer power, it imposes responsibility'. The
two day event helped establish the link between quality, sustainability and leadership. The recommendation and the event provided
an excellent platform for networking and establishing relationships.- Aditi Tewari
Incorpora�ng Sustainability in Business Processes
by Inves�ng in Philanthropy
On 26th Nov, 2008 Larsen and Toubro (L&T) became India's first
Engineering and Construction Company to launch a Corporate
Sustainability Report. The company was awarded the highest GRI
ranking of A+ which also raised the bar for other corporations. The
company has been serving the community and the environment for
decades. It became the first Indian engineering and Construction
Company to map its carbon foot print. The impact of their CSR
activities has been widely recognized. They have been the recipients
of the 'Caring Company Award' from the World CSR Congress and
the CMO Asia's Best CSR Practices Award in 2012.
According to GRI guidelines, the company in the economic,
environmental and social indicators scored, 9, 30 and 40 respectively
ensuring a total score of 79. The CSR activities of L&T are focused in
three major sectors, i.e. Health, Education and Livelihood. L&T hosts
a lot of its initiatives keeping in line with the MDGs. Looking at the
different aspects of sustainability and CSR, L&T with 13 bn annual
turnover has been working towards incorporating sustainability in
their business practices and investing in the social development
sector. In 2012-13, the company earmarked Rs 73 crore, or 1.49% of
its net profit, for CSR initiatives. This was before The Companies Act
came into effect and the CEO Mr AM Naik spoke of increasing the
spending keeping the mandate in mind but also said that L&T "wasn't
waiting for the government to tell us how much philanthropy to do and
we're certainly not going to hesitate to increase [our spend]."
Under the domain of sustainability, L&T engages with stakeholders at
three levels, social, governance and environment. The social front
includes increasing attrition rate, capacity building, employee health
& safety and inclusive development. The good governance aspect
involves L&T initiation of sustainability disclosures and increasing
transparency across all working process. Work under environment
included reduction of carbon footprint, resource conservation,
energy efficiency and enhanced usage of renewable energy and
p r o d u c t innovation. The drive is closely monitored
b y t h e CEO who is said to 'lead by example'.
02
Some of the achievements of L&T over the years are:
Avoided more than 27,000 Tons of CO2 emission
Energy conserva�on increased by more than 12%
U�lizing Renewable Energy over 10 %
8.7 MW wind farm in South India
407 KW Grid Connected Plant of Solar Energy
6.3% Reduc�on in water consump�on overall
191 million lts of water conserved through check dams
22.9 million lts of rainwater harvested
16 campuses with a Zero wastewater discharge status
Over 5 lakh beneficiaries of L&T CSR ac�vi�es.
- Rahul Choudhury
Climate Change
Energy Conservation
Water Conservation
Waste Management
Education
Skill Development
Mother & Child Healthcare
Core Area of CSR for L&T
- Rahul Choudhury
India's An�‐Tobacco Campaign‐ A Take
03
Dhumapana (drinking smoke) in India dates back to almost 2000 BC when smoking cannabis was first mentioned in Atharvaveda.
Smoke was used for various medical purposes in Ayurveda and was not limited to cannabis but various other plants that were
recommended to promote general health. As of today dhumapana has been restricted to cigarette smoking, cannabis (rather
discretely) and beedi smoking. However, fumigation and fire offerings are still practiced in Ayurveda. As per Fiinovation (IFA Pvt
Ltd), tobacco was introduced to India in the 1600s that later merged with existing practices of smoking of mostly cannabis.
As of today, about 4.2 million hectares of tobacco are under cultivation worldwide. 6.7 million tons of tobacco is produced
throughout the world. The leading tobacco producers are China (39.6%), India (8.3%), Brazil (7.0%) and the United States (4.6%).
The tobacco industry in India is valued to be more than Rs 22,000 crores out of which 12% is exported. ITC Limited (25.4% owned by
British American Tobacco) is the major player in India. There are approximately 96,865 registered tobacco farmers in India apart
from many who are not registered. Tobacco is produced on around 0.25% of India's cultivated land. Jammu and Kashmir has the
highest number of tobacco consumers in India. The government has supported the growth of the tobacco industry since 1947.
There are seven tobacco research centers located in Tamil Nadu, Andhra Pradesh (2), Punjab, Bihar, Karnataka (2) and West
Bengal. The government has also setup Central Tobacco Promotion Council which works to increase exports of Indian tobacco
The irony that exists,
Smoking in public places was prohibited nationally from 2 October, 2008. However, the first legislation came in 1975 when the
government mandated use of statutory warning in the cigarette packets. The Cable Television Network (Regulation) Amendment
Bill, came into force since 8 September 2000, completely prohibits cigarette and alcohol advertisements. In 2003, COTPA was
tabled in the parliament and it came into force in 2004. The law included prohibition of smoking in public places, ban on tobacco
advertising and sponsorship, ban on sale to and by minors in an area within radius of 100 yards of any educational institutions,
display of pictorial health-warning labels, and content regulation of tobacco products. Apart from this the law was not restricted to
only cigarettes but other tobacco products marking improvement in efforts to control tobacco usage. India signed the WHO FCTC
(World Health Organization Framework Convention on Tobacco Control) in 2004, subsequently adopting the rules, regulations and
suggestions that came with the treaty. Smoking ban on films and television came into effect in 2005.
In 2007, Chandigarh became the first city to become tobacco free which was soon followed by Shimla. Sikkim became smoke Free
State in 2010 and Goa in 2012. Assam became the first state to ban smokeless tobacco in 2014. The government began screening
two anti-tobacco advertisements, tagged "Sponge" and "Mukesh", in movie theatres and on television from 2012. As of today
smoking is allowed on roads, and inside one's home or vehicle.
The way forward would be to first stop promotion of tobacco production and encouraging tobacco farmers towards alternative
livelihood. In addition to that, efforts need to prohibit import of tobacco and reduce sanctions on states that promote tobacco
cultivation. Therefore we need to understand that if there is no supply there won't be any consumption even if there is a demand.
- 348 women friendly e-toilets to come up in Chennai, India
- The govt. intends to set up 10 AIIMS institutions but the six under construction have run out of funds.
- Goa will be garbage free by 2015
- Plastic bags and other plastic garbage thrown into the ocean kill as many as 1,000,000 sea creatures every year
- India alone accounts for 50 million people who are directly dependent on forests for their subsistence.
- Scientists develop a sensor that can be embedded in the eye
Food For Thought...- Rahul Choudhury
04
Fiinobservation of International Days
May 31st is World No-Tobacco Day (WNTD), and the aim for
this year was abstinence from all forms of tobacco
consumption across the world for an entire day. Tobacco
consumption is one of the biggest threats to public health and
takes the life of 6 million people annually. It kills 600000 non-
smokers who are affected by second hand smoke. This day
spreads awareness about the adverse affects of tobacco use.
It is being observed for 26 years despite the resistance that
exists from governments, smokers, growers and the tobacco
industry.
WNTD was formulated by The World Health Organization in
1987. The theme for this year is “raising taxes on tobacco”
thereby advocating for effective policies to reduce tobacco
consumption. Innovative Financial Advisors Pvt. Ltd.
understands that only 8% of the world's population lives in
countries with sufficiently high tobacco taxes and therefore
there is need to call for higher taxes in tobacco products.
India is world's third largest producer of tobacco and world's
second largest consumer of tobacco. The nation needs to take
some drastic measures to curb tobacco usage. India has
played a crucial role in WHO Framework Convention on
Tobacco Control (FCTC) negotiations and has been
implementing strict measures to control tobacco usage. The
ministry believes that anti-tobacco campaigns should continue
till we are able to reduce tobacco usage by 30 per cent.
World No‐Tobacco Day 31st May
May 3rd is celebrated as World Press Freedom Day which is
aimed to remind the government of their duty to uphold the
right of freedom of expression. The theme for this year is
“Media Freedom for a Better Future: Shaping the post-2015
Development Agenda.” It focuses on the media's importance
in the development foray; which is inclusive of safety of
journalists and the sustainability and integrity of journalism.
As per Innovative Financial Advisors Pvt. Ltd. the role of media
in development and good governance are not mutually
exclusive, infact they support each other while promoting a
nations socio-economic development. Innovative Financial
Advisors Pvt. Ltd (Fiinovation) believes that independent
media provides a platform for discussion on various
developmental issues like poverty, environment, science,
gender, youth and world peace among others. Free press can
be utilized to monitor, investigate and criticize policies of any
nat ion which also enables good governance and
transparency. A society that has access to public documents
and processes can highlight the conflict of interests and
empower its citizens to hold accountable the elected
representatives.
The World Press Freedom Day provides an opportunity to
deepen our understanding about the role of media and post-
2015 development agenda.
Fiinova�on, a research based organiza�on, is an integrated solu�on enabler in the CSR and sustainability domain. It is focused towards
enhancing quality across organiza�onal value chain through meaningful innova�on thereby ensuring sustainability. It is Asia's first proposal
research laboratory wherein research is focused primarily on four sectors, which include Health, Educa�on, Livelihood and Environment.
Work is done through different prac�ces namely: CSR‐CSO partnership, CSR Policy design, programme design & management, impact
assessment, and sustainability assessment and sustainability repor�ng.
Fiinova�on
24/30, Ground Floor, Okhla Industrial Estate, Phase III New Delhi ‐ 110020
Phone: 011‐42332200 | Fax : 011‐42332205
To know more please visit our website: www.fiinova�on.co.in | Email: media@fiinova�on.co.in
World Press Freedom Day 3rd May
- Media & Communications Team- Media & Communications Team
About Fiinova�on