Environmental Sustainability Management System of LNG Petronet

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 Introduction

Environmental management is an important activity for any business as these activities serve as a guiding principle in protecting and safeguarding the environment and the natural habitat. LNG Petronet is a leading business organisation which is a key energy provider to the nation and adds the value chain by operating internally. LNG Petronet is a public limited company in the energy sector which helps in gasification and energy provision of the nation. LNG Petronet is an oil and gas company in India. The company has 508 employees in 2020 and is headquartered at New Delhi. LNG Petronet was founded on 31 August 2013 while the company has achieved a turnover of INR 3504 crores in 2020. LNG Petronet has received outstanding performance awards for industrial safety, safety management, innovation, environmental management and cleaner production. In this report, the environmental sustainability management system of LNG Petronet will be discussed and analysed extensively so that proper principles can be outlined and highlighted.

Discussion of Environmental Sustainability Management System of LNG Petronet

LNG Petronet is a leading producer of energy sources which has reached the doors of the commoners and creates a need for cleaner energy. The company has created an environmental sustainability management system which helps LNG Petronet in sustainable production and accountability in cleaner energy needs and management of resources used. The company practices sustainability in operational activities and business strategy so that the environmental hazard can be mitigated and LNG Petronet can be a leader in the production of cleaner fuel. The long term business goals of LNG Petronet are to show transparency and accountability of business operation in preserving the environment and to lessen the effect of resource exploitation (Petronetlng.com. 2021). The business makes performance with integrity and balances the needs of the stakeholder; however, LNG petronet never compromises with sustainability in order to cater the needs of the stakeholders. On the other hand, it may be stated that in order to build a sustainable future the company adheres to the environmental legislation of India to work towards excellence and perfection. Balancing value principles and caring for the environment are the main priorities of LNG Petronet. The main indicators are the strategic guidance, environmental philosophy and effective monitoring by the board of directors to ensure that the company meets all the legal requirements of the environmental legislation in India.

On a contradictory note, regular review of the sustainability practices and report of the facts and figures are published so that the board of directors can convey the sustainability data to the stakeholders and the public. LNG Petronet works in an industry that is generally regulated by the laws of health safety and environment so that the company attains global sustainability and prosper internationally. The energy industry often works with risk of life, property and environment at large and so proper precautions need to be taken in safeguarding life, property and environment. LNG Petronet is involved in the responsibilities towards the environment and hence no report on any accidents or mishaps is ever recorded in LNG Petronet. Sustainable development means that development undertaken with the motive to secure and protect the environment and safeguard the needs of the people through constant force of working with the sole motive of preserving the environment and its resources (Martínez et al., 2019).

The company advocates the need of sustainability as its driving force for formulating policies and procedures to protect and preserve the environment. LNG Petronet follows a group of practices and activities to promote the wellbeing of the people and the environment. LNG Petronet helps to curb the harmful emission of greenhouse gases into the atmosphere by installing filters to stop the harmful emissions by the oil and gas treatment plant. Another tactic was to reduce freshwater usage and boost water recycling by using ocean water for treatment and water is recycled to be used again. In this way the fresh water is conserved and ocean water is put to use. LNG Petronet has been successfully preventing oil and methane leak into the ocean bodies and the atmosphere by implementing proper technology so as to block the gases from evaporating into the atmosphere. LNG Petronet is trying to invest into renewable energy resources to obtain cleaner energy and renewable energy. LNG petronet has planted more than one lakh trees to conserve the environment and to build resources for the future use. Moreover, it has maintained the greenery by planting trees and plants which ultimately protects the environment against harmful radiations of the sun and also reduces the greenhouse gases into the atmosphere (Matzembache and Meira, 2019).

LNG Petronet has spent enormously to cover the terminals by planting trees and plants and by maintaining green cover. The company has also helped to plant mangrove trees in the coastal belt so that the land can be protected against landslides. On the contrary, it may be argued that the company has used the wet waste to transform into vermicompost which can be used in farming and related activities. Solar panels have also been installed by the company so that energy needs can be fulfilled by making use of the solar energy to power the grids and poles in order to carry on the operational activities (Petronetlng.com. 2021). LNG petronet has also worked towards reducing the pollution in the atmosphere by telling the employees to use public transportation and not use cars for daily commute. All these activities have been carried out by the LNG Petronet so that the environment can be protected and so that the resources can be conserved.

The environmental legislation is plans or policies formulated to safeguard the environment and preserve the various diversities in the environment (Bergquist, 2017). There are various plans and policies that are formulated in India and that have been adhered by the LNG Petronet Company through the various activities performed extensively. On the contrary, The Ganga Action Plan was launched on 14 January 1986 with the main objective of reducing the pollution of the Ganges, treatment of domestic sewage and removal of the toxic and chemical effluents into the river (Downtoearth.org.in. 2021). LNG Petronet has worked alongside the government to clean the water of the Ganges. This action named Ganga Action Plan has been highly appreciated and welcomed by the government. The Government had launched Swachh Bharat Mission on 2nd October 2014 to achieve universal sanitation cover and to make use of the waste reduction technique (Downtoearth.org.in. 2021). The solid liquid waste management under this mission is strictly followed by LNG Petronet so as to treat the solid and liquid waste which is emitted during the production process. The National Green Tribunal Act 2010 was enacted to form a tribunal so that the cases related to the environmental protection and conservation of forest can be achieved. LNG Petronet has been closely monitored and is working closely by the tribunal so that trees can be planted to make forest and the green initiative can be run and operated. The Air(Prevention and Control of Pollution) Act was made in 1981 so that air pollution can be prevented and controlled (India.gov.in. 2021). The ambient air control quality was made in this act so that air pollution can be combated and polluting fuels and substances can be prohibited.

However, LNG Petronet has made serious efforts in combating the air pollution by installing filters and emission control plants in order to curb the air pollution and release of methane and greenhouse gases into the atmosphere. The Water (Prevention and Control of Pollution) Act was established in the year 1974 which aimed at prevention and control of water pollution and to maintain the wholesomeness of the water by preserving it. The act prohibits the discharge of pollutants in the water bodies and lays down penalties for non-compliance. LNG Petronet strictly adheres to the need of the hour to preserve the water bodies by not discharging any waste into the water bodies and maintaining treatment plants for the waste generated so that it can be properly treated before releasing into the water bodies. The Environment Protection Act was established in the year 1986 which aims at protection and improvement of the environment (Moef.gov.in. 2021).

The environment includes the air, water and land and the interrelationship exist between the land, water, air and human beings. It regulates location of industry, management of hazardous waste and protection of public health and welfare. LNG Petronet follows this policy in formulating plans to treat the waste and to choose the location of the plant where the waste is treated. The hazardous waste management regulation is a combination of various laws that protect and preserve the environment. The main acts are the Factories Act 1948, Public Liability Insurance Act 1991 and Hazardous Waste (Management, Handling and Transboundary) Act 2008 (Moef.gov.in. 2021). These acts work closely with the aim of treatment of waste material from the industry and recycling of the waste to reduce or minimise the waste output. LNG Petronet follows these laws as they are the guiding laws upon which is based the treatment of by products of the waste and proper handling and storage of potential hazardous products.

The environmental sustainability management system is formulated to preserve and protect the environment against air, water and land pollution. The environmental sustainability plan makes possible for the proper disposal of waste and proper treatment of waste before it is being disposed of (Retamal, 2017). The scope and effectiveness of environmental sustainability management systems is based on the timely treatment of the sewage and waste products that are emitted from the industry and are successfully treated by the industry before being released so that the environmental health can be established and the environment can be protected over time. The effectiveness of the environmental sustainability management system is that the company is strictly following safe transportation systems so that there is no spillage and no wastage of resources especially in river or ocean water as the marine life gets affected by this spillage. Therefore tanks and large containers are used while transportation of the oil and gas. The product compliance is another step towards the effectiveness of the environmental sustainability management system as the products are made compliant of the norms of the laws discussed above and any deviation in the product composition are strictly dealt with proper mitigation plans. The third step towards the effectiveness is to use renewable energy sources such as solar panels to generate electricity for the treatment plants and this has also been the corporate social responsibility which LNG Petronet has achieved (Petronetlng.com. 2021).

The Environmental sustainability management system helps LNG Petronet to strictly adhere to the laws governing the environment and following it rigorously so that no penalties can be charged against the company. The environment sustainability system recognises the potential hazardous product and timely treats them in the plant so that no environmental hazard can be caused once they are released into the environment. Each law has a provision for the penalty which can be charged once the company fails to stick with the law or legislation. LNG petronet is conscious of its environmental impacts the waste will have once it is released into the water bodies, atmosphere or into the land so the company makes sincere efforts to minimise the impact of the waste by treating the waste into the factories and other treatment plants. LNG Petronet usually follows water recycling process so that the water is utilized in the gardens or to plant more trees in the garden and in the terminals. Furthermore, it may be argued that LNG Petronet takes initiative to plant trees such as mangrove in the coastal belts which helps in saving the coastal areas from tsunami and landslides as the roots of the trees bind the land and saves it from soil erosion. These activities ensure that LNG Petronet is adhering to the legislations and is avoiding penalties of the above acts which is of tremendous significance in the business world (Petronetlng.com. 2021).

Conclusion

It may be finally concluded that the protection and preservation of natural resources and the environment is the main concern for the LNG Petronet as the laws governing the environment are to be met to successfully run the business and avoid penalties. It is also the corporate social responsibility to protect and safeguard the environment so that no waste is dumped before proper treatment of the waste. The Environmental sustainability management system helps LNG Petronet in delivering world class facilities to the customers and also safeguards the customer’s health and other factors which are also important for the customer’s health and safety.

References

Bergquist, A.K., 2017. Business and sustainability: new business history perspectives. Harvard Business School General Management Unit Working Paper, (18-034).

Downtoearth.org.in. 2021. Six environmental laws to be amended soon. [online] Available at: <https://www.downtoearth.org.in/news/governance/six-environmental-laws-to-be-amended-soon-49317> [Accessed 20 February 2021].

India.gov.in. 2021. Home Affairs & Enforcement | National Portal of India. [online] Available at: <https://www.india.gov.in/topics/home-affairs-enforcement> [Accessed 20 February 2021].

Martínez-Martínez, A., Cegarra-Navarro, J.G., Garcia-Perez, A. and Wensley, A., 2019. Knowledge agents as drivers of environmental sustainability and business performance in the hospitality sector. Tourism Management, 70, pp.381-389.

Matzembacher, D.E. and Meira, F.B., 2019. Sustainability as business strategy in community supported agriculture: Social, environmental and economic benefits for producers and consumers. British Food Journal.

Moef.gov.in. 2021. THE LEGAL AND REGULATORY FRAMEWORK FOR ENVIRONMENTAL PROTECTION IN INDIA. [online] Available at: <http://moef.gov.in/wp-content/uploads/wssd/doc2/ch2.html> [Accessed 20 February 2021].

Petronetlng.com. 2021. Petronet LNG Limited : Home page. [online] Available at: <https://www.petronetlng.com/> [Accessed 20 February 2021].

Retamal, M., 2017. Product-service systems in Southeast Asia: Business practices and factors influencing environmental sustainability. Journal of Cleaner Production, 143, pp.894-903.

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