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WELCOMEWELCOME

NATURAL RESOURCE NATURAL RESOURCE MANAGEMENT & SUSTAINABLE MANAGEMENT & SUSTAINABLE

DEVELOPMENT: Some ObservationsDEVELOPMENT: Some Observations

Prof. Ranjan Kumar BalProf. Ranjan Kumar Bal

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SUSTAINABLE DEVELOPMENTSUSTAINABLE DEVELOPMENT

Meets the needs of present generationMeets the needs of present generation

without compromising the ability of without compromising the ability of future generationsfuture generations

Minimum Minimum environmentalenvironmental impact impactMaximum Maximum value additionvalue addition for for

Customers/SocietyCustomers/Society

NATURAL RESOURCES MANAGEMENTNATURAL RESOURCES MANAGEMENT

Environmental Resources Management: Environmental Resources Management: Climate Change – Natural HazardsClimate Change – Natural Hazards

AirAir Resources Management Resources Management WaterWater Resources Management Resources Management WildlifeWildlife Management Management ForestryForestry SoilSoil Conservation Conservation

India is 7 times behind China.India is 7 times behind China.04/20/2304/20/23 33

NATURAL RESOURCES NATURAL RESOURCES MANAGEMENT – Cont.MANAGEMENT – Cont.

Efficient & Effective Deployment: Efficient & Effective Deployment:

Cost-Benefit Analysis Cost-Benefit Analysis Planning, Controlling & Managing to Planning, Controlling & Managing to

achieve 100% resource utilisation achieve 100% resource utilisation Match: Demand Vs. SupplyMatch: Demand Vs. Supply

INCLUSIVE GROWTHINCLUSIVE GROWTH

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2121STST CENTURY CENTURY Trust -Transparency GapTrust -Transparency Gap Information provided Vs. Information Information provided Vs. Information

needs of Stakeholders / Society.needs of Stakeholders / Society.

Trust-me CultureTrust-me Culture

Tell-me CultureTell-me Culture

Show-me CultureShow-me CultureOsama Bin Laden Osama Bin Laden wanted to become a manager !!wanted to become a manager !!

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Research Findings:Research Findings:KPMG study:KPMG study: On “Measuring Performance of On “Measuring Performance of

the Organizations of the Future”the Organizations of the Future”

FINDING:FINDING: “Over-reliance on summary “Over-reliance on summary financial performance measures (Viz. ROI) financial performance measures (Viz. ROI) was hindering an organization’s abilities to was hindering an organization’s abilities to create create future economic valuefuture economic value.”.”

More Natural Resources = More Natural Resources = Less Economic DevelopmentLess Economic Development

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RESEARCH FINDINGSRESEARCH FINDINGS McKinsey & Co: 400 FirmsMcKinsey & Co: 400 Firms

““The The environmentalenvironmental challenge is challenge is one of the central issues of the 21one of the central issues of the 21stst century.”century.”

World Economic Forum: 650 ExecutivesWorld Economic Forum: 650 Executives

““EnvironmentEnvironment is the most important is the most important challenge affecting business.” challenge affecting business.”

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Social Economic

Environmental

Triple Bottom

Line

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TBL or SustainabilityTBL or Sustainability

Framework for measuring Framework for measuring performanceperformance Single bottom line to Triple bottom lineSingle bottom line to Triple bottom line Shareholder-oriented accounting to Shareholder-oriented accounting to

StakeholderStakeholder-oriented accounting-oriented accounting

3 3 PPs: Ps: Profit, rofit, PPlanet & lanet & PPeopleeople

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SOCIAL BOTTOM LINE SOCIAL BOTTOM LINE Organisation’s impact on societyOrganisation’s impact on societyPublic health & Community Dev.Public health & Community Dev.Skill & EducationSkill & EducationSocial justice & Human RightsSocial justice & Human RightsTrust, Integrity & TeamworkTrust, Integrity & TeamworkLabour practicesLabour practicesProduct ResponsibilityProduct Responsibility

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ENVIRONMENTAL ENVIRONMENTAL BOTTOM LINEBOTTOM LINE

Efficient use of natural resourcesEfficient use of natural resources

Efficient environmental mgt.Efficient environmental mgt.

Renewable natural capitalRenewable natural capital

DISASTER MANAGERSDISASTER MANAGERS

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ECONOMIC BOTTOM LINEECONOMIC BOTTOM LINE

Economic profitabilityEconomic profitabilityEmployment generationEmployment generationMarket creationMarket creationFinancial capital & Financial capital &

Physical Physical capitalcapital

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WHY WHY SUSTAINABILITY ??

Growth of Growth of EnvironmentalismEnvironmentalismClimate Change & Natural HazardsClimate Change & Natural HazardsRelationship with CommunitiesRelationship with Communities

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SUSTAINABLE ENTERPRISESUSTAINABLE ENTERPRISE

Makes resource-efficient productsMakes resource-efficient products Minimum Minimum environmentalenvironmental impact impact Maximum value to stakeholdersMaximum value to stakeholders Adding value to Adding value to societysociety..

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Sustainability :ChallengesSustainability :Challenges

Management & maintenance of Management & maintenance of economic, natural, socialeconomic, natural, social capitalcapital

Create Create “win-win”“win-win” situation: Social & situation: Social & Environment friendlyEnvironment friendly

Climate Change – Natural Resources – Climate Change – Natural Resources – Inclusive Inclusive

GrowthGrowth

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CHANGECHANGEChangeChange is the only constant in to-day’s is the only constant in to-day’s

world.world.

““Vasudheiba Kutumbakam.”Vasudheiba Kutumbakam.”

INNOVATIVE STRATEGYINNOVATIVE STRATEGY

Awareness & EducationAwareness & Education

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“Earth provides enough to satisfy everyone’s needs, but not everyman’s greed.” -GANDHIJI

Self Discipline

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Writings on the Wall:Writings on the Wall:

““ACT NOW ACT NOW oror GET READY TO GET READY TO BE A PART OF HISTORY.”BE A PART OF HISTORY.”

THANK ‘U’THANK ‘U’