The National Guidelines on Responsible Business Conduct, 2018 (NGRBC), which is an improvement over the existing National Voluntary Guidelines on Social, Environmental & Economic Responsibilities of Business, 2011 (NVGs)
The NGRBC urge businesses to conduct business responsibly and sustainably and also encourage and support their suppliers, vendors, distributors, partners and other stakeholders to follow the same principle. The guidelines, articulated as a set of nine principles and their attendant core elements enunciate the thrust of the United Nation Guiding Principles (UNGPs) on Business and Human Rights and Sustainable Development Goals and yet remain true and specific to the Indian context.
Principle 1: Businesses should conduct and govern themselves with integrity, and in a manner that is ethical, transparent, and accountable.
Principle 2: Businesses should conduct and govern themselves with integrity, and in a manner that is ethical, transparent, and accountable.
Principle 3: Businesses should respect and promote the well-being of all employees, including those in their value chains.
Principle 4: Businesses should respect the interests of and be responsive to all its stakeholders.
Principle 5: Businesses should respect and promote human rights.
Principle 6: Businesses should respect and make efforts to protect and restore the environment.
Principle 7: Businesses, when engaging in influencing public and regulatory policy, should do so in a manner that is responsible and transparent.
Principle 8: Businesses should promote inclusive growth and equitable development.
Principle 9: Businesses should engage with and provide value to their consumers in a responsible manner.
Life Cycle Assessment (LCA) is a scientific method that is used to calculate the impact of a product or service on the environment.
LCA helps us make responsible decisions – for a healthy planet and, ultimately, its people!
For this reason, businesses should ask themselves:
How can our products be improved while also making them more sustainable?
Is it more important to make our products energy-efficient, or to reduce material consumption?
Should we aim to recycle or even use bio-based materials? And how much of a difference does that really make?
These are not simple questions, as there are countless factors involved. For example:
Which raw materials are involved in the production process, and where do they come from? What about soil, seeds, and fertilizer?
How do my goods get produced? What about heating, water, and ventilation?
How do the goods get transported? Via truck, rail, or airplane?
Four LCA phases - goal and scope, life cycle inventory, impact assessment, and interpretation
Goal and Scope Definition: This stage establishes the purpose and boundaries of the LCA, ensuring the assessment is focused and aligned with the intended objectives, such as comparing products or improving processes.
Life Cycle Inventory (LCI): Here, data on inputs (like raw materials and energy) and outputs (such as emissions and waste) are collected, providing the necessary information to evaluate environmental impacts.
Life Cycle Impact Assessment (LCIA): This stage analyzes the LCI data to assess potential environmental impacts, translating raw data into meaningful indicators like global warming potential and resource depletion.
Interpretation: The final stage involves drawing conclusions from the LCA results, guiding decision-making for product improvement, sustainability strategies, or stakeholder communication.
Environmental Management System (EMS) is a set of processes and practices that enable an organization to reduce its environmental impacts and increase its operating efficiency.
The first phase of the PDCA cycle is "Plan." During this phase, an organization identifies and establishes various parts of its EMS. For example, the organization identifies the ways that its operations may impact the environment (e.g., environmental aspects) and establishes detailed environmental goals (or environmental objectives).
The second phase of the PDCA cycle is "Do." During this phase, the organization implements various parts of its EMS. For example, it may implement operational controls to minimize environmental aspects and execute action plans to achieve environmental objectives.
The next phase of the PDCA cycle is “Check.” During this phase, the organization evaluates various parts of its EMS. For example, the organization may monitor the efficacy of the selected approach; assess environmental performance; and review existing plans, procedures, and programs to determine how well they are working.
The next phase of the PDCA cycle is “Act.” During this phase, the organization fixes and improves its EMS. For example, the organization may execute corrective action plans and make necessary updates to improve performance.