Video Quick Take: Schneider Electric’s Rohan Kelkar on the Rewards of Awards
Todd Pruzan, HBR
Welcome to the HBR Movie Quick Just take. I’m Todd Pruzan, senior editor for exploration and special tasks at Harvard Organization Critique. Primary businesses around the world use awards systems to travel brand recognition and nurture relationships with prospects and important partners.
In June 2022, Schneider Electrical launched its Sustainability Impression Awards—a 1st-of-its-variety world-wide awards platform celebrating field leaders who prioritize sustainability and decarbonization. Rohan Kelkar, government vice president of the World wide Power Products division at Schneider Electrical, is one particular of the architects of the company’s worldwide awards initiative. Rohan, thank you so significantly for joining us nowadays.
Rohan Kelkar, Schneider Electric
Hi, Todd. Thanks for possessing me in this article.
Todd Pruzan, HBR
Rohan, I see that the inaugural Sustainability Effects Awards concentration on Schneider Electric’s associates, these as procedure integrators and structure companies. Why is companion recognition and help so vital to international brand names like yours?
Rohan Kelkar, Schneider Electric powered
If I just take a step again, we’re trying to resolve two large troubles. The to start with one we all know, which is the race to internet zero—a incredibly tricky problem that involves all of us to perform together. The second problem precise to our market is around the reality that we have an comprehensive ecosystem that we direct in the electrical distribution and field space. That requires more than a million associates.
The good news is we are all on the same journey. And we are all leveraging just about every other to truly understand and drive the proper alternatives that enable with decarbonization. The other good information is in excess of 60% of our partners are currently on this journey, so what we want to do is figure out their attempts and acknowledge the wins that we have in our business so collectively we can discover and celebrate and push towards the very first big challenge, which is toward web zero.
Todd Pruzan, HBR
Rohan, there are two awards classes. One of them focuses on a partner’s sustainability attempts for their personal enterprise, and the other facilities on get the job done a husband or wife has accomplished to advance sustainability and efficiency for their customers’ operations. Why these two types?
Rohan Kelkar, Schneider Electric powered
It is pretty straightforward. We like to consider of these awards as recognizing associates that are accomplishing operate in their own 4 walls, their individual amenities, driving decarbonization, whether or not it’s by means of source of energy era, by means of use of far more clever and sustainable developing devices. And it is also the partners that are helping us travel and assisting our mutual buyers and end users push their endeavours towards decarbonization.
The very best illustration is IHG—well-acknowledged InterContinental Motels Group, more than 6,000 inns. We labored with a partner, Arup, a perfectly-known design and style agency. Their know-how [was] on the passive parts. Our experience was on the active elements.
We worked alongside one another. We experienced an external value guide referred to as Gleeds that arrived in and manufactured sure the economics designed feeling. And then we deployed the program. As a result, IHG is 1 of the best leaders in decarbonization in their field, which is a enormous win for them and also a massive get for the earth.
Todd Pruzan, HBR
Why should really a spouse enter to get an award, and can you put the awards system in the context of Schneider Electric’s bigger mission and your strategic approach?
Rohan Kelkar, Schneider Electrical
Guaranteed. I would just say, fairly only, there is 3 motives. And these are 3 major good reasons. The initial just one is your employees.
Millennials, and more than 70% of the staff members currently, are wanting to seek out employment at a area that cares about sustainability, so you can catch the attention of the very best expertise. Second is your shareholders. [In] in excess of 50% of the corporations, their shareholders, their buyers, are expecting them to make a dedication and deliver that commitment in excess of the upcoming coming 5 to 10 several years.
And the third a single is the buyers. They’re also anticipating to spouse, just like we explained before in the ecosystem, with players, with companions that on their own are on a sustainability journey, so collectively we can generate towards web zero.
Todd Pruzan, HBR
Well, Rohan, this has been a excellent discussion. Thank you so a great deal for signing up for us these days.
Rohan Kelkar, Schneider Electric powered
My enjoyment. Many thanks, Todd.
To find out a lot more about the Schneider Electrical Sustainability Effects Awards, please click on below.