Sustainability is an important part of any industrial function. A big driver of growth and continuing success, it is what many experts believe the defining factor of excellence and achievement in the industrial and manufacturing sector in the 21st Century. Hence, organizations are committed to excellence in this field. In India too, companies are seeking to increase sustainability.
One among them is Mukesh Ambani owned Reliance Industries Limited (RIL). The Nagothane Manufacturing Division (NMD) of RIL has bagged the prestigious Golden Peacock Award for Sustainability 2013. The selection rounds and the award ceremony were held at London from October 1- 4, 2013. The Golden Peacock Award for Sustainability has been instituted to encourage sustainable development. It recognizes the urgency and magnitude of the risks and threats to collective sustainability, alongside increasing choices and opportunities, and mandates transparency in economic, environmental and social impact corporate initiatives lead to. The Golden Peacock Global Award for Sustainability aims to stimulate organizations to rapidly accelerate the pace of stakeholder oriented improvement process.
Golden Peacock Awards, instituted by Institute of Directors in 1991, are now regarded as Holy Grail of Corporate Excellence Worldwide. Today Golden Peacock Awards Secretariat receives over 1,000 entries per year for various awards, from over 25 countries worldwide. The achievement of the Golden Peacock Award is the most powerful way to build your brand. The Award winners are eligible to use the Golden Peacock Awards logo on all printed and promotional materials for next one year, which evidences to all its customers and suppliers the highest accolade acclaimed by the company. No business award today receives the kind of recognition and adulation among peers that the Golden Peacock does. They provide not only worldwide recognition and prestige, but a competitive advantage in driving business in this tumultuous world
This isn’t the first time RIL has been presented with this prestigious award. RIL’s Hazira Manufacturing Division (Which was also presented three Platinum awards at the 2nd Lean Six Sigma Convention of the CBE and the highest honour of the International Convention on Quality Control Circles 2013) was awarded with the Golden Peacock award for sustainability in 2008. RIL has also been presented the award in 2009 and 2011.