Tuesday, August 05, 2008

Eco points

Amrit is worried about me being eco-unfriendly coz I might soon have a digital photo-frame. I jokingly refer to him as an eco-terrorist. Coz printing a photograph on paper consumes energy as well.

The point, however, is that we are becoming more eco-conscious and that is always a good thing.

Today, I noticed the annual reports lovingly couriered to me by various leading companies - Indian Hotels, BASF, Cipla and Punjab National Bank to name just a few. I actually weighed the lot and found it was 2.2 kgs!

The reason I get these reports is I am a shareholder, although a teeny-weeny, micro-mini type. The kind who holds anything between 50-200 shares. By law, these companies must send me their reports, and I appreciate the sentiment. A small fry like me is treated with as much importance as the Big Fish. But in truth, all I do is dump these reports in the raddi.

A better way, I think, would be for the Chairman to send a personal letter to all shareholders and direct them to the company website for the detailed annual report available in pdf format.

As a one time exercise every company could ask its shareholders to opt in for the printed reports, instead of doing it the other way round. But of course it's the regulatory authority which needs to say,'Let's do it!'

Speaking of a paperless world, I just renewed my medical insurance online and it was such a wonderful zip-zap-zoom experience that I felt I must thank the folks at ICICI Lombard (HDFC Standard Life is also good). I don't know how eco-friendly the method is but it is certainly bheja-friendly.

And speaking of eco-consciousness, someone should institute a special award for Malaika Arora Khan... Tonight she turned up on Zara Nach ke dikha in a tiny blue tablecloth. Or was it a towel, coz it was draped like one.

On the other hand, some feel that it's clothes like these that contribute to global warming... :)

29 comments:

  1. Yes, I agree with your opinion to provide annual reports in pdf format. Even I have seen many people trashing the reports without looking in detail.

    However, in addition to providing the option to view/download the pdf format reports and companies should take an online request rather than just providing an option to "Opt in" for paper reports.

    With Regards
    Khwaja.

    ReplyDelete
  2. The same paperless strategy is adopted by ICICI's personal accounts department where they ask you to register on their website and from then on you don't get physical bank statements but all via mail which reduces the costs of postage/courier and the excessive paper usage too.
    Only problem with this particular thing is,when you go to register on the site the javascript codes aren't set up properly so you can't select your option!

    See for yourself.


    ICICI Bank

    ReplyDelete
  3. Aaaaaaaaaaaaah !!!!


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    So dream, dream, dream

    ReplyDelete
  4. This comment has been removed by the author.

    ReplyDelete
  5. Really nice point, and about time someone took it very seriously too.
    You didn't have to labour the bit about being a tiny shareholder in your portfolio. We know you are rich.
    Very rich.
    Especially in the head.
    Though, to be honest, some of these annual reports are really a delight, when produced with a purpose. I wish you had seen GE Shipping's annual report this year. It's their 60th anniversary, so they have gone into this story format, with great details on how the comoany started, the hardships, the triumphs etc. Practically a history of Indian shipping. Never thought suezmax tankers, double hull phase outs, handymaxes, and reverse dutch auctions would be so interesting to read about. And of course, the special anniversary dividend:)
    Reports, and results like these are what can get a person hooked into actually reading them more carefully.
    3:34 PM

    ReplyDelete
  6. I read and accept your concept. I agree with you. it will not time consumable.good

    ReplyDelete
  7. I truly believe in the power of "DEFAULT"
    many people just go for the default option - If providing information online becomes the default option for all companies - there might be only few BIG stakeholders who would really want the print of those pdfs

    ReplyDelete
  8. I agree with the intent and all that. But in all the comments (and also in your blog) - it seems that the corporates are being made the villains for being so very eco-unfriendly.

    Has anyone tried to find out if it is a SEBI guideline to send printed formats of the report to every subscriber!!

    Also, online versions can not be default - atleast for the next 15 years in India. 70% of India still lives in villages and I am sure 25% of those do not have electricity - lease aside computers and all!!!
    And yes - some of them might have reliance shares!!!

    ReplyDelete
  9. Hey.. Till yesterday this post had 7 -8 comments.. how did they all get deleted??
    Virus on ur blog??

    ReplyDelete
  10. This is greate topic to posting. I totally agree with you. We should always save our environmental life.

    ReplyDelete
  11. Some comments posted here disappeared mysteriously... THIS IS A TEST COMMENT!

    ReplyDelete
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  13. The Eco-terrorist speaks. Here: http://www.vatsap.com/?p=1148

    ReplyDelete
  14. Of late I’ve been making notes of my own habits while surfing other blog (length of stay, what makes me look / click) and am tailoring my posts accordingly.

    ReplyDelete
  15. One thing is evident, the profile of the aspirants is not so stale. No one knows why they want an MBA except for peer pressure, frustration with current job & fat-paycheck carrot!
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    ReplyDelete
  16. every single day, the paper that is delivered to us weighs around 1.5 kgs.
    Most of it is property news.
    Most of it goes unread.

    I was going to put a week's worth of paper in the recylcing bin the other day when the watchman stopped me and asked for the papers. Apprently if he collects 30kgs, he gets a 100 AEDs. I didn't ask him from where cos he was reluctant to even answer the why part. I guess he was afraid of competition. :o)

    ReplyDelete
  17. every single day, the paper that is delivered to us weighs around 1.5 kgs.
    Most of it is property news.
    Most of it goes unread.

    I was going to put a week's worth of paper in the recylcing bin the other day when the watchman stopped me and asked for the papers. Apprently if he collects 30kgs, he gets a 100 AEDs. I didn't ask him from where cos he was reluctant to even answer the why part. I guess he was afraid of competition. :o)

    ReplyDelete
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