A Brief Report On Suzlon Energy Limited

Nowadays, many international companies take sustainable development seriously. They understand that sustainable development can enhance their quality of life and their reputation in public. Sustainable development is "development that meets the needs of the present without compromising the ability of future generations to meet their own needs." (Brundtland, 1987) Sustainability requires monitoring and managing all the person to ensure that our economy and society can continue to exist without destroying the social and natural environment during development. The sustainability includes three pillars, which are economic, social and environment, forming a triple bottom line. The triple bottom line demands that a company 's responsibility lies

Wind energy is a renewable energy resource that is natural occurring with unlimited supply. The energy generated from wind is clean with little impact on wildlife and the environment. Technology such as wind turbines are used to capture the energy from wind. Compared to Solar energy, another renewable resource that uses the suns heat as energy, wind energy is less efficient. The amount of power collected from solar panels exceeds what is collected from turbines. Although solar energy are more efficient, it comes at a cost. Solar technologies are more expensive than wind turbines and

TBL is a sustainable model for business that balances financial success, community participation together with ecological sustainability. The firm which employs triple bottom line towards capturing the set significances, processes as well as issues of the company might decrease and determine whichever harms resulting from company’s operations then create economic, social as well as environmental values of that the company. The model typically outlines that everything is supposed to taken into account that needs of the company 's shareholders, employees, stakeholders, governments, clients, business partners, local communities together with the entire public. Reporting through Triple bottom line (TBL) is currently turning

In the society we live in today, many people have the misconception that there is a never-ending supply of energy available for our wasteful use. However, people must realize that the fossil fuels that we have come to depend on for our energy are quickly being depleted. There are several renewable energy resources, most of which come from the sun, that are available for our use. One of these abundant energy resources is the wind. By taking advantage of the wind, and harnessing its power to supply useful energy, people can ensure that they will have energy for as long as the sun continues to heat the earth.

The triple bottom line calls for a balance between financial (Profit) interest with social (People) and environment (Planet) concerns. Pursuing profit at the expense of societal and environmental

Wind energy turbines were modernized in the 1800’s and used by farmers and ranchers (Third Planet Windpower, 2016). Current use and placement of wind turbines allow farmers and ranchers to lease out their land for the wind farms (2). On top of the farmers getting these incentives, the production of wind turbine farms has created

The triple bottom line has been commonly referred to as the three Ps for profits, people, and planet (Slaper & Hall, 2011). Similarly to CSR, the economic sustainability measure of TBL evaluates the profitability of a business. Measured primarily in dollars, the economic sustainability assesses the variables related to the bottom line (Slaper & Hall, 2011). The social

Triple bottom line reporting refers to reporting on a company’s economic, social, and environmental performance. It is a form of social responsibility reporting designed to demonstrate good corporate citizenship. So-called “sustainability” reports are an increasingly popular means of triple bottom line reporting. There is substantial variation in social reporting today. More regulation would improve comparability, but it might also stifle reporting innovations. The usefulness of social reporting to outside parties, particularly investors, needs to be demonstrated before implementing more regulation for it.

Fossil fuels are having great impacts toward nature such as global warming and greenhouse effect. Plus, the depletion of it contributes to the rising price of petroleum. Therefore, wind power rise as it is a source of clean, non-polluting renewable energy (Nash, 2008). This type of energy generation provides us with loads of benefits environmentally and economically.

The use of wind energy has significant beneficial environmental impacts as an alternative source of energy including the reduction of greenhouse gas emissions and other harmful chemicals, reducing the use of water, and reduces demand for more environmentally harmful sources of energy. According to the

Traditionally, financial reporting discloses only financial information to determine its financial performance. However, nowadays, success of one business is no longer solely depending on monetary gain, instead the impacts of companies’ activities have on society and environment as a whole is highly important. This trend has come across to increase the public expectation for organization to take responsibility for their non-financial impacts for example the impacts on the environment and community. Hence, Triple Bottom Line (TBL) which was first described in 1994 by John Elkington can be an ideal integrated approach that fit in to this approach in order to support the sustainability growth of the companies. Triple Bottom Line

Delivering enhanced value chain in wind energy markets: Suzlon's business model has evolved to an "integrated solutions" package for wind energy projects. Suzlon's key activities include: (a) designing, developing and manufacturing WTGs; (b) wind resource mapping; (c) identifying suitable

Problem-specific, cost-benefit analyses have not been conducted in detail, in order to provide significant indications that the benefits of SHM systems outweigh their cost. In this respect, one should mind that stakeholders, managers and infrastructure operators need simple and reliable tools in the form of “yes/no actions”, or “green/red buttons”. Unavoidably, this implies that SHM systems should be transformed from complex research-oriented measurement campaigns into robust, integrated solutions that accompany the structure throughout its life-cycle. Our goal is to address the aforementioned bottlenecks, maximizing the return on investment for such facilities by extending the useable lifetime through a smart monitoring implementation. In a nutshell, the proposed project has the following main objectives:

Today 's society uses enormous amounts of energy. *The shadow of our presence on this planet is a result of generations upon generations of production and utilization of energy*. New and alternative sources of energy are being developed to replace the declining accessibility of coal and fossil fuels. Use of renewable energy is a key component in combatting the climate change that has become a major issue in the 21st century. Reducing our impact on the climate as a result of greenhouse gas emissions will not only benefit our generation, but countless generations after us. This technology is not only affordable, but is within reach.

Moving on, there are three set goal principals for the Triple Bottom Line and they all three relate back to the three pillars. The goal for the Social pillar is to have Vibrant Communities, where an organization has a responsibility to its employees and to the wider community in which it works. The company understands how its practice affects the workers and strives to promote their best interests. The goal for the Environmental pillar is a Healthy Environment by reducing the environmental footprint. Finally, the goal for the Economic pillar is Profit. The Triple Bottom line recognizes that business sustainability rests on social and environmental settings. The cost of pollution, worker displaces, and other factors and is included into a profit calculation.