Winsights - Innovation to win in a world of constraints
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Transcript of Winsights - Innovation to win in a world of constraints
© 2012 WIPRO LTD | WWW.WIPRO.COM | CONFIDENTIAL 1
WInsights October – December 2012
A Wipro Council for Industry Research Journal
© 2012 WIPRO LTD | WWW.WIPRO.COM | CONFIDENTIAL 2
© 2012 WIPRO LTD | WWW.WIPRO.COM | CONFIDENTIAL 3
Innovation to Win in a World of Constraints
This issue of Winsights presents insights from the various practice heads on how rapid rise
in consumption and growth, increased volatility and resource constraints are rippling across
industries and how industries can better adapt to these changes
Gains in energy efficiency, renewable
energy, forest conservation, and
sustainable land use worldwide could
achieve up to 75 percent of needed global
emissions reductions in 2020 at a net
savings of $14 billion
Quick Facts
40% increase in world
energy demand in the
next 20 years
83% of the world’s energy
is from fossil fuel
Companies spend 9% of
their operating cost on
energy
© 2012 WIPRO LTD | WWW.WIPRO.COM | CONFIDENTIAL 4
Innovation is the only solution
Rapid rise in consumption and
growth in the last few years has brought
resource constraints to the limelight
Consequences of natural resources
depletion is prompting organizations to shift to
new, sustainable business models
Environmental awareness is making
the ecosystem players assess the Triple
Bottom Line of People, Planet, and Profits
Enterprises look to lower carbon emission reductions and save on energy from fossil fuels
© 2012 WIPRO LTD | WWW.WIPRO.COM | CONFIDENTIAL 5
Sl. No. Article
1 Manufacturing The Future Is Green
2 Sustainability Reporting
3 Making The Carbon Commitments
4 Achieving Energy Savings In The Age of Capital Constraints
5 The New Journey to The Center of The Earth
6 Successful Change Management to Build a Sustainable Organization
5
In this Edition…
© 2012 WIPRO LTD | WWW.WIPRO.COM | CONFIDENTIAL 6
In this Edition…
Manufacturing
The Future is Green
Sustainability Reporting
Mirror, Microscope, Springboard
1 2 3
4 5 6
Adopting green Manufacturing practices
and achieving green targets require
long term commitment and sustained
effort on the part of businesses.
However, sustainability is non-
negotiable
Sustainability reporting by the
Corporate sector is today at a potential
inflection point. Whether it can fulfill its
role will depend on a variety of factors,
extrinsic and intrinsic to companies
Achieving the Carbon reduction goals is
a reward in itself apart from operational
efficiencies and enhanced sustainability
profile. It is undoubtedly the path to be
pursued resolutely.
Organizations need to ensure that their
energy efficiency programs are
managed holistically, with processes
established to enable visibility into
critical areas of operations.
Tomorrow’s mines will almost certainly
need to have fewer humans resulting in
greater efficiency, lower costs and
improved safety and environmental
performance.
The key to successful change
management is about inducing a
behavioral change among the people
involved
The New Journey to the
Center of the Earth
Making the Carbon
Commitments
Achieving Energy Savings in the
Age of Capital Constraints Successful Change Management
to Build a Sustainable Organization
© 2012 WIPRO LTD | WWW.WIPRO.COM | CONFIDENTIAL 7
Manufacturing : The
Future is Green
The adoption of green manufacturing
practices has become foundational for
businesses in view of the rapid depletion
of natural resources and the impact on
the environment from the proliferation of
electronic waste.
It adds to the competitive advantage and positions
organizations to benefit from the market for low
carbon environmental goods and services
currently estimated at $5.2 Trillion and expected
to grow to more than $6.5 trillion by 2015
1
© 2012 WIPRO LTD | WWW.WIPRO.COM | CONFIDENTIAL 8
The Green Journey
Create a Shared Vision
Evolutionary; Not
Revolutionary
Long-term Commitment
Align to Business
Goals
Monitor The Metrics
Closet he Green Supply
Loop
Review Suppliers’ Practices
Report and Disclose
© 2012 WIPRO LTD | WWW.WIPRO.COM | CONFIDENTIAL 9
Manufacturing : The Future is Green
For more details visit here
Green manufacturing is about using Green Energy,
developing Green Products and employing Green
Processes while reducing resource use and wastage.
These goals align well with the objective to improve
competitive advantage, making a compelling business
case for going Green.
Green Manufacturing
A dilemma for manufacturing companies adopting green
practices is that these are unlikely to generate profits in
the short term. But a trade-off for long-term gains is both
necessary and sustainable if the organization’s vision is
set firmly on the triple bottom line—people, planet, and
profits.
Sustainability is Non-negotiable Manufacturing organizations cannot side-step any longer, owing to the increased scrutiny on
their environmental performance as well as the pressing need to reduce resource use
© 2012 WIPRO LTD | WWW.WIPRO.COM | CONFIDENTIAL 10
Sustainability Reporting
Sustainability reporting can help with self-
reflection and continuous improvement; it
also allows for external scrutiny and this
combination provides a platform for
strategic actions and continuous
improvements.
Sustainability reporting on one hand, is not as
pervasive and widely accepted as financial
reporting, on the other hand, it has evolved to
occupy a distinct space of its own in the last
decade.
2
© 2012 WIPRO LTD | WWW.WIPRO.COM | CONFIDENTIAL 11
Breadth of Collaboration
Function Areas Covered
Human Resource Labour And Human Rights, Diversity, Freedom Of Association, Employee
Engagement
Facilities Operations Energy And Water Footprint, Climate Change, Waste Management,
Biodiversity
Finance Investor Relations, Board Governance, Payments To Stakeholders,
Sustainable Investments
Legal Codes Of Business Conduct, Political Lobbying, Anti-Corruption, Anti-Fraud
& bribery, Risk Management,
Product Development Life-Cycle Design Of Products, End Of Life Waste Management, Reduction
In Operational Footprint, Supplier Responsibility
Corporate Sustainability Sustainability Strategy, Community And Social Initiatives, Report Editing &
Compilation
Supply Chain Supply Chain Responsibility, Green Procurement Policy, Supplier Code Of
Conduct
Marketing & Corporate
Communication
Ethical Marketing And Advertising, Report Design And Communication
Strategy
© 2012 WIPRO LTD | WWW.WIPRO.COM | CONFIDENTIAL 12
Sustainability Reporting
1
• Member of DJSI for three years in succession and Sector Leader in Computer & Internet services sector
2
• Listed in World’s Most Ethical Companies 2012 by Ethisphere
3 • Part of Global Carbon Disclosure Leadership Index (CDLI)
4
• Ranked #2 In the Newsweek’s global ranking of 500 Green Companies
5
• Ranked # 1 in the Greenpeace global ranking of Green Electronics
For more details visit here
Reflection of Wipro’s passion for and attention to sustainability disclosures:
© 2012 WIPRO LTD | WWW.WIPRO.COM | CONFIDENTIAL 13
Making the Carbon
Commitments
Organizations across sectors have made
carbon reduction targets that vary from very
high to modest and have a mixed record on
achieving them. A look at how they can set
realistic but ambitious carbon targets to stay
competitive and sustainable.
Companies exhibit a mixed record on setting and
attaining carbon goals. Businesses that fail to
show a commitment to reduce emissions risk
being labeled as irresponsible.
3
© 2012 WIPRO LTD | WWW.WIPRO.COM | CONFIDENTIAL 14
Carbon Commitment Drivers
Given that efforts to go low carbon usually involve paying for some offsets, but the same targets
can cut down wasteful use of energy and push for new thought process in material and operational
efficiency.
1. Government Push for Carbon Reduction
2. Strategic Direction of The Industry
3. Develop an Environmentally Friendly Identity
4. Cost-efficiency
5. Increased Employee And Customer Satisfaction
© 2012 WIPRO LTD | WWW.WIPRO.COM | CONFIDENTIAL 15
Making the Carbon Commitments
For more details visit here
Carbon reduction goals helps in the form of greater operational efficiencies and an enhanced
sustainability profile
It is advisable to set the long term aspiration but publish mid-term goals which can be revised as the
organization gains more experience on sustainability
Evaluating the business, regulatory and technological landscape and getting internal commitments is a
crucial step before setting their carbon targets
Companies are usually driven by investor and peer pressure, government and regulatory mandates in
setting their carbon targets
© 2012 WIPRO LTD | WWW.WIPRO.COM | CONFIDENTIAL 16
Achieving Energy
Savings As energy supplies dwindle, organizations
are under pressure from various
stakeholders and governments to
improve energy efficiency, lower energy
costs, and reduce their carbon footprint
Energy efficiency programs deliver benefits, such
as better operating margins, and compliance
with regulatory goals; and intangible ones, such
as energy security, stock performance and
investor preference, lower costs across the
supply chain, and customer loyalty.
4
© 2012 WIPRO LTD | WWW.WIPRO.COM | CONFIDENTIAL 17
Energy's Synergy
Monitoring is the Key
Selecting the Right Strategy
• Any energy efficiency program is incomplete without adequate and
Regular monitoring and reporting.
• Continuous monitoring of the energy efficiency programs helps
establish patterns of energy.
• It takes care of asset performance, as well as challenge current
assumptions on performance and usage.
• An exhaustive analysis of the all the alternative approaches available
is necessary before implementing an energy savings plan.
• This requires a facility wide energy management review that calls for
analyzing the financial and energy consumption components in order
to frame the scope of the energy efficiency projects.
© 2012 WIPRO LTD | WWW.WIPRO.COM | CONFIDENTIAL 18
Achieving Energy Savings
For more details visit here
Energy Management Platform:
Offers the modeling capability
Provides advanced analytics tools
Offer distributed monitoring and control
Helps analyze asset performance and detect faults
Offers event and service management to evaluate
downtime and variance in energy consumption
There is no one-point solution to reduce energy consumption
Organizations need to implement a set of tools and processes to gain the visibility and control
Energy efficiency programs are managed holistically, with processes established at the plant
level to enable visibility into critical areas of operations
Companies that go beyond the requirements stand to benefit from the policy incentives and
opportunities that will be available in a world of energy constraints
Insights into Achieving Energy Savings
© 2012 WIPRO LTD | WWW.WIPRO.COM | CONFIDENTIAL 19
Journey to the
Center Of The Earth
Driven primarily by large scale
industrialization, urbanization of emerging
economies and advances in consumer
technology, we are witnessing the biggest
boom in the global mining and energy
industry in the last 50 years.
The mining model that most companies operate
under has not seen a significant “step-change”
in the last 20 - 30 years. This has been partly
driven by a super cycle of profits and therefore
no real ‘compelling event’ to evolve.
5
© 2012 WIPRO LTD | WWW.WIPRO.COM | CONFIDENTIAL 20
Drivers for Change
For more details visit here
Mining at greater depths
Leftover ore bodies : Lower grade
Newer deposits found in
more inhospitable conditions
Dearth of skilled
resources
Moving from supply
driven to demand driven
The problems identified are significant and simply doing the same things faster or
“scaling up” existing models and equipment will not work in tomorrow’s mine
Mining is increasingly becoming more difficult with traditional tools and execution
models. This is being driven by several factors:
© 2012 WIPRO LTD | WWW.WIPRO.COM | CONFIDENTIAL 21
Journey to the Center Of The Earth
For more details visit here
Change the Mindset of
Miners
Design a New Operating
Model
Standardise Where
Possible
Integrate and Gain a Full
View
Automate and Centralize
Control
Steps to consider when future proofing a Mining Company
The next few decades will witness increased global demand for almost all metals & put
pressure on miners to bring more capacity on line
Tomorrow's mines will need to have fewer humans resulting in greater efficiency, lower costs,
improved safety & environmental performance
Organizations would rely upon standardised, integrated and automated systems that can
manage remote sites
Future Insights
© 2012 WIPRO LTD | WWW.WIPRO.COM | CONFIDENTIAL 22
Change Management to
Build a Sustainable
Organization
It is difficult for organizations to avoid change as they strive to remain sustainable in an
ever-changing and competitive environment. Companies that have a system in place for
proactively responding to change will accelerate their competitive advantage
It has become a strategic imperative for
organizations to build in the ability to introduce
and sustain change. But change is more often
resisted than supported in organizations
because people rarely are given the chance to
understand the reason for the change.
6
© 2012 WIPRO LTD | WWW.WIPRO.COM | CONFIDENTIAL 23
Charting a Safe Course
Draw up a Clear Business Case for Change Created
Draft the Change Vision and Change Strategy
Set the Context & Framework for Change
Leadership Alignment & Securing Stakeholder Engagement
Communicating the Change Effectively
Remove Obstacles
Imparting Training
Benefits Realization
© 2012 WIPRO LTD | WWW.WIPRO.COM | CONFIDENTIAL 24
Succesful Change Management
For more details visit here
• Organizations and leaders need to chart a clear path and deliver results
• Organisation should offer clarity to the employees on the way they can contribute to success
• Support leaders to instill confidence, use a disciplined process to ensure effective use of change and communication resources
• Build a shared experience of the challenges and rewards of working together
• Identify and evaluate the attitudes of individual users and influential groups
• With effective communication Management can create strategies to overcome employee resistance to any change
Need for Strategic Focus
The key to successful change management is about inducing a
behavioral change among the people involved.
© 2012 WIPRO LTD | WWW.WIPRO.COM | CONFIDENTIAL 25
Wipro set up the Council for Industry Research, comprised of domain
and technology experts from the organization, to address the needs of
customers. It specifically surveys innovative strategies that will help
customers gain competitive advantage in the market. The Council, in
collaboration with leading academic institutions and industry bodies,
studies market trends to help equip organizations with insights to
facilitate their IT and business strategies.
For more information on the Research Council visit
www.wipro.com/insights or mail [email protected]
About Wipro Council for Industry Research
© 2012 WIPRO LTD | WWW.WIPRO.COM | CONFIDENTIAL 26
Wipro Technologies, the global IT business of
Wipro Limited (NYSE:WIT) is a leading
Information Technology, Consulting and
Outsourcing company, that delivers solutions to
enable its clients do business better. Wipro
Technologies delivers winning business outcomes
through its deep industry experience and a 360
degree view of “Business through Technology” –
helping clients create successful and adaptive
businesses. A company recognised globally for its
comprehensive portfolio of services, a
practitioner’s approach to delivering innovation
and an organization wide commitment to
sustainability, Wipro Technologies has over
140,000 employees and clients across 54
countries.
For more information, please visit www.wipro.com
About Wipro Technologies
© 2012 WIPRO LTD | WWW.WIPRO.COM | CONFIDENTIAL 27
Thank You ©Wipro Limited, 2012. All rights reserved.
For more information visit www.wipro.com
No part of this document may be reproduced in
whole or in part without the written permission of the
authors.
Wipro is not liable for any business outcome based
on the views presented in this document. For specific
implementation clients should take advise from their
client engagement manager.