Ricoh’s case study outlining its ‘Comet Circle’ philosophy forms a vital component of India’s corporate vision document ‘Delhi to Paris: Corporate Vision on Climate Change – Reinforcing India’s Commitment’. This vision document reflects India’s corporate perspective, its strengths, approaches and achievements in tackling climate change. TERI Council for Business Sustainability organised an exclusive launch of this document at the 21st Conference of the Parties (COP21) in Paris by Mr. Prakash Javadekar, Minister of State (Independent Charge) for Environment, Forests & Climate Change.
Ricoh established the Comet Circle in 1994 as the basis for fostering social sustainability. It guides us in the cradle-to-cradle stewardship role across our product lifecycle, and as a driver of circular economy for the value chain.
The year 2015 was pivotal with more than 150 world leaders adopting the new 2030 Agenda for Sustainable Development including the Sustainable Development Goals (SDGs) in September. Additionally, countries across the globe have released their country-specific Intended Nationally Determined Contributions (INDCs), also adopted at the COP21 in Paris. The implementation of the SDGs and INDCs will depend on the role that various stakeholders play and the partnerships they create. In this respect, contributions by the corporate sector and their relevance to the Post-2015 development agenda is important. It is necessary to enhance existing as well as new initiatives to maximise the impact and contribute significantly towards tackling climate change.
The Delhi to Paris: Corporate Vision on Climate Change, a mega initiative of TERI Council for Business Sustainability (TERI CBS), led by business members, aims to be the Indian corporate vision on the various aspects of tackling climate change and aligning this vision with the Government of India schemes. The initiative, subtitled ‘Reinforcing India’s Commitments’ focuses on four pressing themes that are of utmost importance to achieve a low-carbon and climate-resilient future – improving the efficiency of energy use, expanding the use of renewable energy, ensure water availability in a changing climate, and efficient waste management.
This initiative was launched at the High Level Corporate Dialogue (HLCD), the curtain raiser to TERI’s flagship event, Delhi Sustainable Development Summit (DSDS) on February 4, 2015. The HLCD witnessed the participation of 250 mentors from across industries; over 100 leading companies; more than 45 CEOs; and over 120 senior colleagues from governments, corporates, multilateral and bilateral organisations, and institutes.
Following the HLCD,TERI CBS conducted corporate consultations that witnessed participation from 200 companies and took place via webinars, thus making them carbon neutral. Discussions at the corporate consultations included India Inc.’s experiences, best practices, current interventions, and scope for improvement, thereby strengthening India’s position with regard to tackling climate change on the global platform. Of the participating companies, 60 organisations submitted comprehensive case studies on the four identified themes, which have been analysed by TERI experts and incorporated in the document.
As a prelude to the discussions at COP21,TERI CBS hosted a National Seminar in November 2015.The National Seminar was a culmination of deliberations that began in February 2015, corporate consultations that took place throughout the year, and case studies received from participating companies. The Seminar aimed to strengthen India Inc.’s approach towards tackling climate change and witnessed deliberations between corporate leaders, policy makers and members of academia.
TERI CBS’s initiative is perhaps the largest and most comprehensive corporate sector enterprise participating at COP21. However, this enterprise is just the beginning. TERI CBS is continuously enabling best practices in the Indian corporate sector and showcasing them at national and international forums. The Delhi to Paris: Corporate Vision on Climate Change document is a vision that will be translated into action in the coming years.