At The Seventh Sustainability For Breakfast

The seventh edition of Sustainability for Breakfast was graciously hosted by Wipro Limited at their verdant campus in Electronics City, Bangalore on the cloudy morning of the 3rd of July 2018.

Distinguished speakers from industry and from academia came together to brainstorm on the theme of “ESG Disclosures: A Transformation from Tactical to Strategic”.

Distinguished speakers from industry and from academia came together to brainstorm on the theme of “ESG Disclosures: A Transformation from Tactical to Strategic”.

The key takeaway from all three sessions was the fact that while ESG Risks aren’t integrated into Enterprise Risk Management processes at the moment at most enterprises, it will be critical going forward given how important investors, particularly institutional investors believe ESG Risks are.

First Session


The drivers of change and global best practices in ESG Disclosures. What sets the leaders in this space apart?

Jatin Dalal (Chief Financial Officer of Wipro Limited) and Deepak Padaki (Executive Vice President, Strategy & M&A, and Chief Risk Officer of Infosys Technologies Limited) gave short presentations on the sustainability practices at their respective organisations, both of which are considered leaders in their approach to sustainability in India. They then participated in a panel discussion moderated by Ankush Patel (Chief Executive Officer of Treeni Sustainability Solutions).

One of the highlights of the discussion was the insight that while ESG Risks can easily translate into Financial Risks for large organisations, because ESG Risks tend to present themselves over longer time frames (and therefore have significantly lower Velocity than Financial Risks), boards tend not to prioritise them.

Deepak Padaki lamented that, while they should ESG Risks do not elicit the same kind of reaction from Boards as Data Security does, and also made the point that strategy and risk are two sides of the same coin, the importance of strategy should reflect in a focus on risks.

Jatin Dalal highlighted Culture Risk as an example of an ESG Risks that has immense financial implications for enterprises. He also highlighted the difficulty of balancing ‘easy to cut items that have long term implications, and
difficult to cut items that have short term implications.’

Second Panel Discussion


What changes does it require in terms of changes in attitude, mindsets, organizational culture, and values?

The second session was a panel discussion that focused on what an organisation needs in terms of attitudes, mindsets, culture and values in order to drive transformation.

 Sunita Cherian (Senior Vice President, Human Resources of Wipro Limited) sought to dispel the cynicism about leading enterprises doing ESG disclosures just to tick a box on a checklist. She brought her own experience at Wipro to bear on the discussion and highlighted how organisations learned a lot from gaps identified through its ESG disclosures. In the context of ‘Diversity & Inclusion’ it was gratifying to note Wipro’s progressive approach to addressing LGBT issues formally.

Shankar Jaganathan (Founder & Chief Executive Officer of CimplyFive) was of the opinion that it would take a few organisations to innovate, in terms of leveraging disclosures not as a hygiene factor but as a strategic tool to learn from, before the rest follow.  He also made the important distinction that increasingly ESG Disclosures need to come with a guide to interpret them.   

Padmini Srinivasan (Professor, Centre for Corporate Governance, IIM Bangalore) noted that although a lot of companies are focused on sustainability, few if any have integrated ESG Risks in Enterprise Risk Management. She observed that change would have to be driven through investors, but there was a long way to go before that happened on a large enough scale.

Speaker Presentations


The final session began with Pallavi Singh (Principal Consultant, Treeni Sustainability Solutions) walking the audience through the complex world of disclosures, standards, and frameworks.

She highlighted the fact that most frameworks and standards were incremental in nature, and organisations needed to move from one to another based on the maturity of their ESG processes instead of jumping to whichever one caught the Board’s fancy.

After that I got the opportunity to present a sustainability software product’s vision.

I demonstrated how ReSustain could help enterprises identify, assess, and manage their ESG Risks in a systematic manner. The product allows the Chief Sustainability Officer and the Chief Risk Officer to collaborate in order to present the leadership with an accurate view of the enterprise’s ESG Risks.

Building Sustainable Value Chains

Learnings from the Fifth Edition of Treeni’s Sustainability for Breakfast (S4B)

Our recent edition of #S4B focused on how to incorporate sustainability in supply chain. This was arranged in association with Institute of Sustainable Communities. Newer standards, investor pressures, climate risks, social risks, and wide spread environmental pollution and social inequity are forcing companies to look at impacts beyond their own operations. Stakeholders are more focused on knowing how your business is sustainable and green. Supply chain forms one such part of any business, which plays an important role in making an organization sustainable.

Responsible Sourcing

Walmart’s contribution to incorporation of sustainability supply chain is legendary. They have been pioneers in this area since 2005 and launched their famous Walmart Supplier Assessment questionnaire and Index in 2009. Being one of the largest retailers in the world, responsible sourcing is an integral part of the Walmart business, and the company shared the processes, systems and technology interventions they are implementing to ensure they are not only a responsible company, employer, but also a responsible buyer. It is a great example of how large companies can be a great role model for the rest of the industry.

Working towards building Sustainable Communities

Institute of Sustainable communities’ presence is India is being felt through their work in establishing EHS+ centers in India. ISC believes in creation of sustainable communities and for this reason their work globally is helping create resilient supply chains. Suresh Kotla, Director (Sustainable Manufacturing), Institute for Sustainable Communities stated, “At ISC, we have been working with various global organizations to help them implement sustainable processes for building great supply chains. Large business houses will have to play a major role going ahead to mitigate the risk and to achieve sustainability in the supply chain.”

LCA approach to sustainable supply chain

Approach to supply chain from life cycle impact perspective is necessary to identify hotspots from both social and environmental perspective. Dr. Avantika Shastri from SABIC presented how life cycle approach to sustainability at SABIC has helped to define feedstock strategy, marketing of sustainable products, designing of products, assessment of megaprojects from sustainability perspective, technology development, and risk management.

 Inclusion of SMEs

Sustainability is not just a big corporation problem. Here are the top 4 hurdles faced by SMEs in implementing sustainability in their operations.

  • Limited understanding of the strategic importance of sustainability
  • Availability of suitable and affordable technology platforms to manage sustainability initiatives
  • Supporting government policies.
  • Access to sustainable investments.

Suppliers need to be deeply engaged and technology enabled, for innovation and for building resilient value chain, without which SDGs (Sustainable Development Goals) cannot be met.

Technology Enablement

Vital to this is technology enablement of sustainability in the supply chain. Some of the key areas of technology enablement are:

Real time data capture

To trace data for multiple tiers of suppliers. Big Data, Mobile Applications, social media, IoT, etc.

 Traceability through data

To trace where the materials were coming from all the way from source of origin. Blockchain, QR codes, ERP, Online surveys.

 Transparency and collaboration in Business models

For reduced costs, delivery times, liability. VMI (vendor managed inventory), PRO (producer responsibility organizations), product design, etc.

Better (remote) connectivity and faster service

To ensure reaching remote areas and faster service. Drones, glocal business models, mobile apps

 Predictive Logistics

To infer effects of climate change, social movements/unrest, distances, etc. GIS, maps with real-time traffic and other data

 Corporate Responsibility

To enable tracking of carbon, water or other footprints and to collaborate with suppliers to reduce their footprint and address fair trade practices and ethical sourcing.


Enterprise players across the globe have been working towards the implementation of sustainability practices in their operations. Collaboration with suppliers can be achieved through the implementation of scientific tracking and reporting methods and enable enterprises to create real impact. Governments and enterprise must enable inclusion of sustainable practices for SMEs.