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‘Most conventional firms now pledge net zero strategy to fight climate change’



“Most of the conventional companies have now gone in the path of not only pledging as a net zero but also started working towards energy transition,” said Kapil Maheshwari, Leader Renewable Energy and Green Hydrogen Ecosystem Development, President Reliance Industries Limited while speaking at the at the sixth edition of the annual business conclave ‘Marmagya 6.0′ organised by IIM Sambalpur here on Saturday.

“In changing times, one must reassess where the growth opportunities are, deep dive into date and figure out a new business model. Driving future profits and still caring for the environment is the way forward. For all B-School students or new generation business leaders the next 10 years will see a great transformation, it is a great opportunity to learn and figure out new business models,” he added.

The theme of the two-day meet which commenced on Saturday is ‘Business in New Reality’.

The conclave aims at understanding the responsibilities and opportunities in the post-Covid scenario.

IIM Sambalpur Director Mahadeo Jaiswal said COVID-19 has paved the way for “new realities”.

“Data analytics, Machine learning, Artificial Intelligence, and Blockchain are changing the landscape of the traditional practices that the industry has been following. At IIM Sambalpur our vision and operating value system is to nurture responsible leaders with entrepreneurial mindsets. Our core values are based on 3I’s Innovation, Integrity, and Inclusiveness reflecting in our pedagogy and processes,” Jaiswal said.

Disruption due to Digitalization, Disruption due to Decarbonatization and Disruption due to Democratisation of business, these 3Ds are going to define the new realities. To support the three pillars the first important aspect are the Government policies how it is pushing ahead digitalization. Blockchain can only foster innovation only when cryptocurrency is allowed and if blockchain faces impediments, India will lose on digital innovation, he added.

Jaiswal further said that B-Schools must enable students to see the future, teachers must imbibe innovation in their pedagogy and students must instil a culture of cosmopolitan inclusivity to survive in a multinational-multilingual company. To become responsible leaders, one must come out with new learning, execution and provide solutions akin to the modern world. No carbon footprint for countries is another disruption where new source of energy should be invented and invested upon. All 17 SDGs must be brought into B-School possibly as a new course for finance, marketing etc.

Keynote speaker Pradeep Panigrahi, Head of Corporate Sustainability at Larsen and Toubro, said a thorough check on carbon dioxide emissions must be taken up by all companies to stay in business.

Highlighting that “decarbonising” the investment landscape was the key for the future of humankind, Panigrahi said, “We must take cognizance of this situation and act on it at the ground level”.

The inaugural program was followed by a HR panel on the topic “New age workforce with the flexible work structure”.

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