In today’s ever-changing world, debating whether to integrate social, economic and environmental sustainability into business strategy is no longer an option. The message from COP26 was clear: sustainability must be a business approach to creating long-term value. Attention to environmental, social and governance (ESG) issues is becoming increasingly critical.
Hindustan Unilever, India’s largest FMCG with over 50 brands is part of the daily lives of millions of consumers across India and strives to mainstream sustainable living. HUL promises to be a leader in sustainable business by demonstrating how its future-oriented, forward-looking business model drives superior performance delivering consistent, competitive, profitable and responsible growth.
To engage with the brightest minds in the evolving and competitive world of finance, HUL is hosting the FinAce Season 6 Finale themed “Driving Superior Business Performance – The Sustainable Way”.
“As finance professionals, we play a unique role in enabling business to be responsible. We achieve this through dynamic resource allocation for improved productivity and a better control environment, driving strategic choices to maximize P&L and unlocking value through insights and new business models. confirms Ritesh Tiwari, Executive Director, Finance, HUL and Unilever Chief Financial Officer for South Asia, on the FinAce Season 6 theme. He is a firm believer that doing well and doing well are linked, and that successful business strategies include both.
As a hub for future business leaders, HUL has nurtured finance professionals with strong business acumen, agility to respond to changing market scenarios, and a clear sense of the objective of having a real impact on the company and the function. For the FinAce case competition, teams assessed key investment decisions, sustainable choices across various pricing, marketing and product innovation levers. It got us thinking about how to drive profitability for a brand and make sure we’re doing what’s right for the consumer, for the planet. In addition, it allowed participants to get closer to a working atmosphere and to take on real business challenges.
The teams worked on an exciting online business simulation tool during the first stage of the competition. The top shortlisted teams on campus presented to HUL finance officials the decisions made in the simulation and the reasons behind them in the second stage. Case studies launched for the semi-finals and the selected teams will submit their solutions to HUL senior management. Team members who reach the semi-finals will be shortlisted for a PPI with Unilever under the Summer Internship Process (ULIP 2023).
The grand final is scheduled to take place on November 9, 2022. The top 4 teams will have the opportunity to be mentored by a senior HUL finance officer for a week. And the final will be chaired by a Jury composed of:
Lakshmi Iyer: CIO (debt) and product manager, Kotak Mahindra AMC [CEO, Kotak Investment Advisory (effective from 1st Nov, 2022)]
Sandip Khetan: Co-founder, Uniqus Consultech & Global Head – Finance Function Advisory Services
Ritesh Tiwari: Executive Director, Finance, HUL and CFO South Asia Unilever
And the winning team will receive a cash prize of Rs. 3,00,000/- and the runner-up team will receive a cash prize of Rs. 2,00,000/-.
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