GP drives sustainability efforts with first report
The announcement made by GP further enhances the organisation’s efforts in supporting the United Nations Global Sustainable Development Goals (SDGs) and the UAE 2030 Agenda for Sustainable Development, by delivering sustainable solutions across its entire portfolio to preserve the planet.
Within GP’s sustainability report, the organisation showcases an enterprise-wide review of the group’s sustainability capabilities and objectives. This includes its investments in non-conventional energy resources as well as its expansion into Agri Trading markets.
Other investments made by the organisation include Biomass projects such as Briquetting Plants, Captive Power Plants and Steam Generation Plants.
In addition to its investment, the organisation has set objectives to utilise the potential of biodiesel extracted from used cooking oil (UCO) to be used as a potential replacement of petro-diesel fuel. Another objective for GP includes the exploration of potential sustainable outcomes provided by Ethanol Trade which has the potential to reduce CO2 emissions from 50% to 100%, however this will depend on the feedstock and processes.
“At GP Global, we believe that sustainable commodity solutions have the potential to deliver real progress and development when it comes to the health of our environment. Spearheading an important mission of developing an entirely sustainable product portfolio while contributing to providing solutions for global energy gaps, we at GP Global are actively exploring the Non-Conventional Energy space,” commented Prerit Goel, Joint Managing Director at GP Global.
“As a responsible organization, we have to think outside the box and ask ourselves how to achieve these sustainable fuel alternatives. While doing so, we aspire to create growth opportunities that benefit not only our business partners, clients and economies, but also our environment and society at large,” added Goel.
Currently focusing on India and the Middle East, GP is working on building supply chains from ‘the farm gate to the fork and factory’, via agricultural commodities trading such as grains and oilseeds for animal feed.
“Agriculture is likely to be one of the most important challenges of the 21st century. Growing demand in emerging markets would need to be met as natural resources continue to become a limiting factor. We are eager to play a distinct role in helping to feed and nourish people all over the world and we are strongly committed to sourcing agri-food products with traceability and value,” continued Goel.
After extensive analysis made by the company, GP has presented its performance overview within the report, as well as its CSR initiatives which totals so far at US$219,241 spent on creating indirect impact within societies.
“At GP Global, we lay equal emphasis on tracking the impact of our sustainability efforts as well as including triple bottom line aspects into long term business strategy. Today it is more important than ever to shift the industry focus from financial gain to uncovering and developing environmental and social impact. Our strategic business objectives include a mix of organic and inorganic expansion which are laid upon a foundation of sustainable commitments that will continue to drive our business,” concluded Manan Goel, Joint Managing Director at GP Global.
For more information on business topics in Europe, Middle East and Africa please take a look at the latest edition of Business Chief EMEA.
5 minutes with... Janthana Kaenprakhamroy, CEO, Tapoly
Founder and CEO of award-winning insurtech firm Tapoly, Janthana Kaenprakhamroy heads up Europe’s first on-demand insurance platform for the gig economy, winning industry awards, innovating in the digital insurance space, and leading with inclusivity.
Here, Business Chief talks to Janthana about her leadership style and skills.
What do you do, in a nutshell?
I’m founder and CEO of Tapoly, a digital MGA providing a full stack of commercial lines insurance specifically for SMEs and freelancers, as well as a SaaS solution to connect insurers with their distribution partners. We build bespoke, end-to-end platforms encompassing the whole customer journey, but can also integrate our APIs within existing systems. We were proud to win Insurance Provider of the Year at the British Small Business Awards 2018 and receive silver in the Insurtech category at the Efma & Accenture Innovation in Insurance Awards 2019.
How would you describe your leadership style?
I try to be as inclusive a leader as possible. I’m committed to creating space for everyone to shine. Many of the roles at Tapoly are performed by women and I speak at industry events to encourage more people to get involved in insurance/insurtech. Similarly, I always try to maintain a growth mindset. I think it’s important to retain values to support learning and development, like reliability, working hard and punctuality.
What’s the best leadership advice you’ve received?
Build your network and seek advice. As a leader, you need smart people around you to help you grow your business. It’s not about personally being the best, but being able to find resources and get help where needed.
How do you see leadership changing in a COVID world?
I think the pandemic has proven the importance of inclusive leadership so that everyone feels supported and valued. It’s also shown the importance of being flexible as a leader. We’ve had to remain adaptable to continue delivering high levels of customer service. This flexibility has also been important when supporting employees as everyone has had individual pressures to deal with during this time. Leaders should continue to embed this flexibility within their organisations moving forward.
They say ‘from every crisis comes opportunity’, what opportunities do you see?
The past year has been challenging, but it has also proven the importance of digital transformation in insurance. When working from home was required, it was much harder for insurers to adjust who had not embedded technology within their operating processes because they did not have data stored in the cloud and it caused communication delays with concerned customers at a time when this communication should have been a priority, which ultimately impacts the level of customer satisfaction. This demonstrates the importance of what we are trying to achieve at Tapoly in driving digitalisation in insurance and making communication between insurers and distribution partners seamless.
What advice would you give to your younger self just starting out in the industry?
Start sooner, don’t be afraid to take (calculated) risks and make sure you raise enough money to get you through the initial seed stage.