It makes business sense to be sustainable: Siemens India MD Sunil Mathur
Synopsis Stating how sustainability supports the bottom line, Mathur gives the example of the hospitality industry which uses technologies to reduce energy costs by up to 30%.
It makes business sense to be sustainable: Siemens India MD Sunil Mathur
Synopsis
Stating how sustainability supports the bottom line, Mathur gives the example of the hospitality industry which uses technologies to reduce energy costs by up to 30%.
Debunking myths that sustainability has an impact on bottom lines, Sunil Mathur, Managing Director and Chief Executive Officer of Siemens India, said facts on the ground are quite contrary to this perception. “I would like to break that myth,” he stated emphatically.
Citing the example of the hospitality industry, Mathur said that 60% of the cost of running a hotel is actually energy cost. “We are able to bring in technologies and have been doing it with a lot of hotels wherein we saw up to a 30% saving in energy cost, reducing carbon footprint by 600 tonnes and a payback of two and a half years. So it makes business sense as well as doing something for the environment,” he said on November 3, while speaking at an event co-hosted by the Global Energy Alliance for People and Planet (GEAPP) and the Observer Research Foundation (ORF) in the capital. The session deliberated on industry decarbonisation in the Global South and some of the technologies that could play a role in this green journey.
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