July 16, 2024
Video Fast Take: Schneider Electrical’s Rohan Kelkar at the Rewards of Awards


Todd Pruzan, HBR

Welcome to the HBR Video Fast Take. I’m Todd Pruzan, senior editor for analysis and particular initiatives at Harvard Industry Overview. Main organizations international use awards systems to pressure emblem consciousness and nurture relationships with shoppers and key companions.

In June 2022, Schneider Electrical introduced its Sustainability Affect Awards—a first-of-its-kind world awards platform celebrating business leaders who prioritize sustainability and decarbonization. Rohan Kelkar, govt vp of the International Energy Merchandise department at Schneider Electrical, is likely one of the architects of the corporate’s world awards initiative. Rohan, thanks such a lot for becoming a member of us as of late.

Rohan Kelkar, Schneider Electrical

Hello, Todd. Thank you for having me right here.

Todd Pruzan, HBR

Rohan, I see that the inaugural Sustainability Affect Awards center of attention on Schneider Electrical’s companions, comparable to gadget integrators and design companies. Why is spouse popularity and strengthen so vital to world manufacturers like yours?

Rohan Kelkar, Schneider Electrical

If I take a step again, we’re seeking to clear up two giant demanding situations. The primary one everyone knows, which is the race to internet 0—an overly tough problem that calls for all people to paintings in combination. The second one problem particular to our business is round the truth that now we have an intensive ecosystem that we lead within the electric distribution and business house. That comes to over 1,000,000 companions.

The excellent news is we’re all at the similar adventure. And we’re all leveraging each and every different to truly be informed and pressure the appropriate answers that assist with decarbonization. The opposite just right information is over 60% of our companions are already in this adventure, so what we need to do is acknowledge their efforts and acknowledge the wins that we have got in our business so jointly we will be informed and have fun and pressure in opposition to the primary giant problem, which is in opposition to internet 0.

Todd Pruzan, HBR

Rohan, there are two awards classes. Certainly one of them specializes in a spouse’s sustainability efforts for their very own trade, and the opposite facilities on paintings a spouse has completed to advance sustainability and potency for his or her shoppers’ operations. Why those two classes?

Rohan Kelkar, Schneider Electrical

It’s relatively easy. We love to consider those awards as spotting companions which might be doing paintings in their very own 4 partitions, their very own amenities, using decarbonization, whether or not it’s thru supply of energy era, thru use of extra good and sustainable construction apparatus. And it’s additionally the companions which might be serving to us pressure and serving to our mutual shoppers and finish customers pressure their efforts in opposition to decarbonization.

The most productive instance is IHG—well known InterContinental Motels Crew, over 6,000 lodges. We labored with a spouse, Arup, a well known design company. Their experience [was] at the passive parts. Our experience used to be at the energetic parts.

We labored in combination. We had an exterior value advisor referred to as Gleeds that got here in and made positive the economics made sense. After which we deployed this system. Consequently, IHG is likely one of the most sensible leaders in decarbonization of their business, which is a big win for them and in addition an enormous win for the planet.

Todd Pruzan, HBR

Why must a spouse input to win an award, and are you able to put the awards program within the context of Schneider Electrical’s greater venture and your strategic plan?

Rohan Kelkar, Schneider Electrical

Certain. I’d just say, relatively merely, there’s 3 causes. And the ones are 3 giant causes. The primary one is your staff.

Millennials, and over 70% of the workers as of late, wish to search employment at a spot that cares about sustainability, so you’ll be able to draw in the most productive ability. 2d is your shareholders. [In] over 50% of the companies, their shareholders, their buyers, expect them to make a dedication and ship that dedication over the following coming 5 to ten years.

And the 3rd one is the purchasers. They’re additionally anticipating to spouse, identical to we described previous within the ecosystem, with gamers, with companions that themselves are on a sustainability adventure, so jointly we will pressure in opposition to internet 0.

Todd Pruzan, HBR

Smartly, Rohan, this has been an ideal dialogue. Thanks such a lot for becoming a member of us as of late.

Rohan Kelkar, Schneider Electrical

My excitement. Thank you, Todd.


To be informed extra concerning the Schneider Electrical Sustainability Affect Awards, please click on right here.