ANNOUNCEMENTS
With the integration of world economies through globalization, the companies are facing intense competition from each other. The companies are not leaving even a single stone unturned and therefore, trying their best to increase their profits by utilising the scarce resources efficiently. In today’s world, organizations are not only limited towards the interest of their shareholders instead they are considering a larger part of the society which consists of the stakeholders.
Therefore realising the need of the hour and rather than being a laggard, many companies have started imbibing the concept of sustainability into its company’s policy. The concept of evaluating the impact of the organization on the environment is gaining popularity among the corporate world. The companies are calculating their carbon footprints and water consumption so as to reduce the risk and tap on the opportunities to reduce its impact on the environment.
The report considers one such case study in which the carbon footprints of a company were calculated and accordingly the strategies for mitigating its impact were devised. The total water consumption by the company was also taken into account.
The case involves Radio Design India Pvt Ltd’s building in Gurgaon. The total CO2 emissions were 96.09 tonnes CO2 and the total cost to the company was Rs 11, 59,000 for a period of Mar’12- Apr’13. The total water consumption of the building was 302kl and the total cost from water consumption was Rs 6644 in a year. The emissions from electricity and the business travel through road and air were the highest. Although the amount of emissions emitted by the company was a small amount but some measures were suggested so as to reduce its energy consumption and efficient utilisation of its resources.
Key words: Globalization, Stakeholder, Sustainability, CO2 Emission
