It is important to create an environment where market participants can make smooth and accurate investment decisions that contribute to decarbonization.
One of the great changes in 21st Century Enterprise is that environmental leadership is associated with higher profits. Businesses that focus on environmental, social, and corporate governance (ESG) metrics are more likely to get good returns, more likely to have high-quality stocks, less likely to fall into big prices, and most importantly, less likely to go bankrupt.
Organizations that are embracing green talk about it through their activities. Apple, for example, recently removed charging adapters from its retail packaging, and TOMS (footwear) has started sourcing its packaging with at least 80% recyclable materials.
Those like Tesla, already known for its green certification, focus on the innovative design and functional performance of its products; As a result, green can be called ‘understood’ without selling much. When it comes to purchasing from consumers, social impact works. For example, in a similar survey, hotel guests were asked to wear a card on the door of their room to indicate their agreement to reuse the towel, and hotel guests were asked to wear a PIN that agreed to reuse the towel by hanging a card on the door of their room. Conservation programs increase towel recycling by 40 percent.
The companies that put the environment first are getting customer support in the market. P&G Fairy Ocean, for example, has launched plastic bottles, which are made from 10 percent sea plastic and 90 percent post-consumer recyclable plastic. 100 percent recyclable bottles were started to show what can be done to prevent plastic waste from reaching the sea. These products have done well. Companies that make new objectives a part of their stated philosophy are also gaining recognition from peers. Havells India and Godrej Consumer Products are among the 12 Indian companies to be included in the Dow Jones Sustainability Index (DJSI) 2019, which is used for environmental, social and governance (ESG) performance evaluation.
Sustainability is now part of the language that an organization speaks to its customers. It’s clear that companies are now looking for talent that can find ways to marry well-priced with environmental strategies. In such situations, it is important for those looking to pursue a management degree to focus on acquiring contemporary knowledge that will offer multiple career options. They may be advised to brush up their skills in ‘Green Finance’, ‘Green HR’, ‘Green Operations and Logistics’ and ‘Green Marketing’ with an Executive MBA.
Professionals with knowledge of green finance are a very high priority for the world. Japan’s financial regulator, the FSA, recently issued a release stating that “it is important to create an environment where market participants can make smooth and accurate investment decisions that contribute to decarbonization.”
The opportunities in India are endless. India is currently the world’s third largest emitter of greenhouse gases. Nevertheless, studies indicate that India is the only G-20 country whose climate activities are linked to the goal of not allowing global temperatures to rise above 2 degrees Celsius. It’s definitely something to celebrate and be proud of. Where we need to accelerate fast, however, is where green financing is embracing where India has a great place to grow and demonstrate leadership.
Interestingly, Universal Business School is the first green business school in India. Most of the leading business schools offer sustainability courses. IIM-A’s Sustainable Finance has a program designed to introduce mid-to-senior management with sustainable / green financing, international and domestic developments in emerging trends.
Green has always been good. It’s time to dump her and move on. The 21st Century Managerial Talent Pool has to adapt to this.