Company also wins the Golden Peacock Global Award for Sustainability
Tristar Group CEO Eugene Mayne reiterated in a recent global business gathering in London that a great majority of CEOs have begun recognizing that Environmental, Social and Governance (ESG) as well as Sustainability issues are now guiding corporate strategies of forward-looking companies.
In his recent keynote address on sustainability in London at the 2022 Annual Global Convention on Corporate Governance and Sustainability organized by the Institute of Directors (IOD), India, Mayne also stressed that aside from shareholders other stakeholders such as customers, partners, suppliers and the public at large are also crucial for long term prospects.
“Not so long ago, sustainability was a token item on board agendas to balance the social and environmental price of profit. Today, it is, and should be, the top item because profit will not be possible without it. Business will not survive in a world in which people don’t,” he asserted.
“Many traditional oil and gas companies have transformed so much to the point they now consider themselves energy companies, mobility companies, or even retail companies, as they diversify and expand with innovative business models and net zero goals,” Mayne added.
At the same event, Tristar Group Chief Administrative Officer Balaji Nagabhushan received the Golden Peacock Global Award for Sustainability, the 7th Award the IOD (Institute of Directors) has given to the company.
Balaji Nagabhushan, who is also the chairman of Tristar’s ESG Committee, shared the sustainability journey of the company especially its safety culture being promoted among its heavy-duty truck drivers and maritime crew members.
Tristar Senior Manager for Corporate Communications Arthur Los Banos was also part of the official delegation.
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