Amid the rapid industrialisation and environmental degradation, industries and corporates have chalked out a mantra for economic growth, environment and equity or EEE.

"Industry and corporates have adopted triple bottom-line approach. Profit, planets and people or economic growth, environment and equity,'' Roop Salotra, chief executive officer, SRF Ltd [Get Quote], said at the eighth annual global conference on environment management organised by the Delhi-based Greentech Foundation that's in Goa.

The CEO of India's premier textile, chemical and processing films firm said that the Confederation of Indian Industry has declared the initiative to promote and champion sustainable growth in Indian industry without compromising the high growth.

"It stresses ecologically sustainable business growth,'' Salotra said. Participating in the three-day-long conference, industry experts have stressed the use of more of renewable energy to cater to the natural calamities increasingly having their grip on the planet.

Citing that there was rapid industrialisation over last century, Salotra stated that the atmosphere has risen 0.6 degree Celsius in the last century and it rose 0.3 degree Celsius in the last 25 years.

"All industries, projects and corporates will have to contribute for protecting the environment for the next generation,'' Anil Arora, member (irrigation), Bhakra Beas Management Board, Government of India, said.  

He said Bhakra project, the once largest hydro-electric power generation project in the country, that serves Punjab, Haryana and Rajasthan, had given a serious thought to environment management.

"During the last 50 years to 60 years, we realised that protecting environment is a priority. While addressing environment-related problems, we have to also ensure that our main motive is met,'' Arora said.