~ The Executive Director - Sundar Textiles & Founder- Sundaram Climate Institute sheds light on key topics like climate change, management of key resources, green products among others~
25th May 2021, Mumbai: Ms. Mridula Ramesh, Executive Director- Sundar Textiles & Founder- Sundaram Climate Institute graced Great Lakes Institute of Management, Chennai in a virtual fire-side chat organized by the institute. Ms. Ramesh addressed a strong audience of 250+ participants and shared her insights based on the changing climate and what it means for the emerging leaders.
During the session, Ms. Ramesh highlighted some key points related to how the world has changed and drew the audience’s attention to the climate conditions in February 2020. Ms. Mridula Ramesh also highlighted the exponential rise in incidences and damages from floods and natural calamities due to the planet becoming warmer by 1 degree Celsius to showcase the intensity of damage a single degree change can cause to the world.
She further elaborated and said that it is the human tendency to blame the climate for everything which in turn is a false narrative. The author of a critically acclaimed book, shared insights, and answers to an important question “who will be hurt the most by the climate change?”. Ms. Mridula said underlined with explanation that India is most vulnerable to the climate change compared to some other nations and that its economy is more exposed to the climate risks. India not having the financial space to manoeuvre these climate risks and that causing everyone to get impacted by it in the years to come were some key pointers brought up during the session by the speaker.
The thought leader, Ms. Mridula Ramesh, raised a very important question, ‘how we adapt to the climate is important?’. She said that we need to talk about water and waste, together. India is not a big emitter but has the highest carbon price which has allowed to give birth to unicorns in the field of solar, renewable and EVs. She highlighted that India is not good at managing water and that we provide about 50-70 litres per day per person once-twice a week. Our country spends too less on water and she again raised a question whether water should have a price? The audience response was interesting as majority said no. She opined that we need a formal water pricing have and presented examples of Israel and Singapore, who are not only been able to adapt to but also create a global water entrepreneurship and water innovation economy which is adding billions to their GDP every year. She suggested, that implementing these solutions will further add immense value and build a robust climate resilience for the nation.
She next addressed a question on whether we would be willing to pay more for a green product. 80% of the audience said yes, and were willing to pay 5-10% premium for a sustainable product. She said that, climate in future will touch every part of our personal and professional life. She said, understanding climate change will give us a source of competitive advantage and build for a better tomorrow. The urgency to adapt climate change has accelerated in the past few years and the pace of climate change is fast and more man-made than natural.
Speaking during the event, Dr. Suresh Ramanathan, Dean, Great Lakes Institute of Management, said “We are honoured to have the presence of Ms. Mridula Ramesh. Her wisdom, knowledge, experience and vision is unparalleled and we are glad to have presented Great Lakes’ students with the opportunity to pick on her thoughts and gain a managerial and entrepreneurial perspective about climate change, water and other crucial resources, along with its implications on our generations and the future. Her ideas, analogies, unique problem-solving methods while building local resilience surely gave us all a new outlook towards waste management and explained how we can make a difference on our level. We are grateful for her time and the valuable insights shared and also look forward to hosting many such global thought leaders in the future sessions of the Thought Leadership Series.”
About Great Lakes: Great Lakes Institute of Management, Chennai founded in 2004 by Padma Shri Awardee Dr. Bala V Balachandran is one of the premier B-schools in India. Great Lakes has, within a short span of 15 years emerged as a top-ranked business school. Great Lakes has 50+ full time faculty and 150+ visiting faculty including over 25+ international faculty from top global schools like Yale, Kellogg, Stanford, and Harvard. Further collaborations with world’s leading institutions like University of Houston, University of Bordeaux, Hongkong University of Science & Technology (HKUST), University of Missouri, Kansas, Illinois Institute of Technology, Chicago and Babson College etc., have helped Great Lakes in globally benchmarking its programs.
Great Lakes, Chennai, was accredited by Association of MBAs (AMBA), UK in 2014 and became the youngest B-school in India to receive this prestigious international accreditation. In 2015, Great Lakes, Chennai also received international SAQS accreditation and in 2017, its two-year PGDM program was accredited by National Board of Accreditation (NBA). For the years 2018 -2019, Great Lakes was ranked No.1 in India by Analytics India for its Analytics program. Great Lakes, Chennai was ranked 5th by Outlook India among top private MBA institutions, 9th by Business India, 15th by Business Today and 18th by NIRF among top 10 Indian B-Schools. It was also placed in Super League 2 category by Business Standard in the year 2019.
Led by exceptional academic faculty, steered by an outstanding advisory council, and buoyed by the international collaborations, Great Lakes has been constantly innovating to stay ahead of the needs of our businesses and community. It is the first B-school in India to offer full time specialization in Analytics and first to introduce AI and Machine Learning specialization.
Great Lakes has a 30-acre LEED Platinum rated green campus in Chennai and a second campus in Delhi-NCR. In the year 2019, Great Lakes Gurgaon campus received the prestigious AMBA accreditation and was also ranked among the top 5 emerging business schools by the National HRD Network (NHRDN) for the year 2018-2019. Great Lakes Gurgaon was also ranked 13th by Business World for its one-year program in the year 2019.
Great Lakes offers One Year full time MBA (PGPM) for experienced professionals, Two-year MBA (PGDM), Part Time Executive MBA for senior managers, and Weekend Executive MBA Program. Great Lakes alumni currently numbering 8800+, work at world renowned organizations both in India and overseas across 30 countries.
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