Henkel Adhesive Technologies India Pvt Ltd announced that is has received the ‘Challengers Award’ under Large Business, Corporate Category, at Frost & Sullivan’s Sustainability 4.0 Awards 2016. Henkel India received this award after being assessed on various parameters of sustainability across its operation facilities.
Henkel India said its nationwide operations were assessed on different parameters of sustainability at an organisation level for this award. A visit was made to the company’s manufacturing site at Thane district of Mumbai, where a two-day on-site audit took place, for assessment on four parameters and 11 sub-parameters. These parameters included business strategy, governance and ethics, risk management, stakeholder management, sustainable supply chain, society, customers, environment management, bio-diversity, human capital management, and occupational health and safety.
One of the major highlights from Frost and Sullivan while assessing Henkel India were that the company’s operational efficiency with respect to energy, water and waste management has seen year-on-year improvements. Additionally, Henkel India has a robust risk identification and mitigation system that is implemented. Frost and Sullivan also said that the company gives prominence to any negative impact from its partners (OEMs and Customers), which can have a detrimental effect on the company’s operations. Finally, Henkel’s Innovation Centre in Pune is available to its value chain partners for analysing their products and getting the best performance out of them, noted the rating firm.
Bappa Bandyopadhyay, Director – Operations and Projects (Adhesives), Henkel India, said sustainability is one of the core values at the company, which is strongly committed to ‘achieving more with less.’ He added that Henkel India is pleased to receive the Challengers Award, as it confirms that the company is on the right track in its journey towards Sustainability.
There is a clearly defined corporate roadmap to become three times more efficient by 2030 as compared to the 2010 levels, noted Sundar Iyer, CFO, Henkel India. Frost and Sullivan’s Sustainability awards were instituted in 2009, and have transformed over the years. In its current version, it covers all elements of a sustainable organisation (purpose, planet, people, and partnership) instead of just heavily focusing on environmental sustainability.