Nadir Godrej Shared Value Presentation
Nadir Godrej Shared Value Presentation
Published on: Mar 3, 2016
Transcripts - Nadir Godrej Shared Value Presentation
By Nadir Godrej
Now there are those who would opine,
That businesses do just fine,
When business is all that they do.
To some extent this is true.
Just one objective is efficient.
And honest business seems sufficient
To help society at large.
And yet we're faced with the charge
That for want of a level playing field
The benefits that businesses yield
Accrue to the managerial class
While they bypass the toiling mass.
And hence was born CSR
And this can take us very far
But it entails a separation
Of the expenditure and generation
Of wealth. And yet we clearly know
No problem's solved by money flow
Alone. Some deep thought is required
For good solutions to be inspired.
And hence came this new paradigm.
Why did it take so much time?
Shared value makes a lot of sense
When viewed through a certain lens.
Now externalities are the base
On which one can make the case.
There is a conflict that we face
As we pursue the development race.
In many a developing nation
There is a lack of education.
We are then faced with climate change
And though it seems very strange
Governments can't decide
To take this problem in their stride.
If business goes on as before
These problems will hit us for sure.
So businesses themselves will gain
By successfully avoiding pain.
And if we summon up the will,
We have the capital and skill
To achieve most social goals.
Not pouring money into holes
But based on a solid business case
And working at a blistering pace.
This can be social enterprise
Or businesses of any size.
And to my mind the real key
For businesses is synergy.
Good projects can always be found
Where there is a common ground.
By this it should be understood
Both business good and social good
Should be enhanced side by side.
And we have found when this is tried
There is a constant feedback loop
Both society and the group
Do benefit in many ways.
Shared value serves as well as pays.
Your market strategy succeeds
As you eschew wants for needs.
And strategists will surely find
Their strategies get refined.
All stakeholders get excited
And employees are most delighted.
As development's accelerated
New customers are created.
And CEOs find it exciting
To soar above the tough trench fighting
And solve big problems most disdain
Because they seem such a pain.
But truth to tell, you take a bath
When you tread the beaten path.
But when you push where no one goes
Success then flows, heaven knows.
At this stage I really ought to
Salute Professor Michael Porter.
The brilliant idea he conceived
Was admired and well received.
And so when we could see
The light, we turned to FSG.
With confidence, now I can say,
They know how to show the way.
They worked with our entire team
And mined the rich and endless seam
Of talent as well as empathy
That in our group we can see.
And from the dross extracted gold
To build a program big and bold.
We called it Godrej, Good and Green.
And what a journey it has been.
If you permit me now to quote
A poem, that I then wrote,
You will then see what we mean
By our Godrej, Good and Green.
Godrej Good And Green
"For rapid growth of the nation
The big constraint is education
And so we chose to train a million
Good thing the number isn't billion.
Some think that we are aiming high
But setting sights at the sky
Can help us reach a lofty height.
And if we try with all our might
In ten years surely we'll succeed.
Right now we have to plant the seed.
And at the start we may be slow
But soon we'll be in fuller flow.
And if we teach the youth to earn,
Enabling them to quickly learn,
Then all of us will get to spend
The demographic dividend.
While growth is good and is our right
We should always keep in sight,
As billions seek the promised land
Enough resources aren't at hand.
What we deplete we must restore.
While this is hard I'm very sure
That if indeed we are wise
We'll first reduce, then neutralise
Our water use and C emission.
And that will serve as our green mission.
Green energy will play a role
In fact we have a separate goal.
A one third share, that we may need
To well surpass, to succeed
In Carbon emission elimination
As green energy, in my estimation,
Is already in a dead heat
And very soon will compete
With fossil fuel resources
As costs will rise from newer sources.
But in my mind our final pillar
Will prove to be the real killer.
Making products good and green
By most of us it's often seen
As striving for either or.
But there's a case to be made for
Producing products which are seen
As being both good and green.
These attributes will help to sell
And this will turn out very well
By helping businesses to grow
Much faster and ensure the flow
Of cash to spend on good and green.
And this is how it should be seen.
And in due course this little seed
If nurtured well will surely grow.
By 2020 we will show
That all three goals can be achieved
And once results are clearly seen
Then the Godrej Group will be perceived
As championing both Good and Green."