Implementing sustainable and responsible business practices not only builds a better world, but also contributes to long term profitable business models, Grundfos CEO has said.

In a keynote speech at the District Energy Systems for a Sustainable and Energy Efficient Future Conference 2017, Mads Nipper, chief executive officer and group president of Grundfos Holding, focused on sustainability and business responsibility.  

In his speech on the “New Role of Business in Society”, he said: “In the long run, sustainable business models will be successful and create business opportunities in the local communities they operate in.”

Denmark-based Grundfos, a leading pump manufacturer globally, has supported the conference, held at the Swissôtel the Bosphorus, Istanbul, Turkey. The event was co-organised by the Danish Board of District Heating and the Trade Council of Denmarkin Turkey.

The event had B2B meetings and roundtables which explored market opportunities within the district energy sector in Turkey and best practice cases from Denmark, for a sustainable and energy efficient future and city transformation, said a statement.

The conference gathered top-level executives of world renowned companies and key private and public stakeholders and decision-makers in the energy efficiency market, to discuss energy efficiency and sustainability, it said.

It also highlighted the recent developments in the Turkish district energy market including finance opportunities and upcoming projects, it added.

“Our aim is to think ahead and innovate for the greater good of our planet and our society, while going the extra mile to help local communities and municipalities build and regulate their own sustainable business models, without any support,” added Nipper.

Nipper has been an ambassador of the United Nations Sustainable Development Goals (SDGs), ever since they were formulated and implemented over two years ago; and Grundfos has since integrated the SDGs into the core of its business goals.

He continued: “Sustainability is part of Grundfos’ DNA. We push the boundaries of possibility in energy efficiency and water conservation. Every day, we bring our expertise to improve people’s lives, through innovative solutions that break with conventional thinking to help local communities, governments and municipalities achieve not only an environmentally but economically sustainable future.”

“Our Water ATM project, for example, aims to support sustainable water management. Charging water even for a small amount of money is designed to ensure that water is used wisely. We don’t want to supply water for free because when it is free, consumers tend to waste more,” Nipper concluded. – TradeArabia News Service