How Private Equity can Optimize ESG for Value Creation?
Private equity firms can position portfolio companies as sustainability leaders, attracting a wider range of bidders and making auction procedures more competitive
Global South Must Accelerate Climate Action Mitigation: CEEW
The Global South index indicates that advanced economies have made significant efforts in climate mitigation through international cooperation and climate governance frameworks.
India Launches Platform to Accelerate Green Energy Transition
The platform will assist states in creating energy transition blueprints, project implementation, and fostering innovation in emerging technologies
MDBs Pledge $120B Climate Finance
Multilateral development banks (MDBs) have pledged $120 billion in climate finance for countries to achieve climate outcomes
COP29 Leaders Discuss Benefits of International Carbon Market Standards
Three COP 29 leaders emulate how International Carbon Market Standards and the actual implementation will enable the world to mitigate climate action
Why are National Renewables Targets Falling Short of Market Forecasts?
IRENA suggests a global tripling of renewables to at least 11,000 GW by 2030 to keep 1.5C within reach
India’s First CO2-to-Green Methanol Plant Announced
Ohmium International, Breathe Applied Sciences, Spirare Energy, and JNCASR have collaborated for India’s first CO2-to-Green Methanol plant
Climate finance Target: Real or Hogwash?
India is advocating for a $1 trillion annual climate finance target at the Azerbaijan United Nations Climate Change Conference or COP29
Diageo India Details Positive drinking, Inclusion, Diversity, and Sustainability in New ESG Report
Diageo India’s ESG Reporting Index 2024 showcases the company’s progress in its “Spirit of Progress” ESG action plan, focusing on positive drinking, inclusion, diversity, and sustainability
Akshaya Patra Foundation Kitchens to be Solar Powered
ReNew Power will invest about Rs 2 crore to solarize the Akshaya Patra Foundation kitchens, with completion estimated two months after construction begins
IFC’s $400 Million Support to Bajaj Finance Fund Raising Initiative
The funding for Bajaj Finance aims to support women-owned microenterprises, improve access to climate finance for EVs and EECG, promote financial inclusion
NetApp Appoints Pamela Hennard as Chief DEI Officer
Pamela Hennard who has served as the Vice President, Global Talent Acquisition, NetApp, will foster the company DEI initiatives across the organization
Four Highlights of the World Solar Market Report
The World Solar Market Report shows global solar capacity increasing from 1.22 GW in 2000 to 1,418.97 GW in 2023. We present you four key highlights
MNRE Minister Stresses on Increasing Solar Projects efficiency, Cost Reduction
Union MNRE Minister Pralhad Joshi has stressed on increasing the efficiency of solar projects, reducing cost and developing energy storage solutions
Key Highlights from ISA Annual Assembly
The seventh session of the ISA Annual Assembly re-elected India as the President, and discussions revolved around VGF and the inclusion of women in the alliance
TPREL, IndusInd Bank for Solar Energy Finance to MSEs
Through loans ranging from ₹ 10 lakh to ₹ 2 crore, TPREL and IndusInd Bank will give MSEs access to solar financing without the need for collateral
Lack of Motivation Leading to Sustainability Fatigue in UK Consumers
A Deloitte report indicates evidence of increasing sustainability fatigue among consumers in 2024 with regard to making sustainable choices
States Urged To Prioritize WASH Asset Management
The Department of Drinking Water and Sanitation has urged state representatives to prioritize WASH asset maintenance and community leadership
New Trends and Gaps in ESG Reporting
The CFA Institute, NSE, and CFA Society India have released the first edition of their BRSR Data Assessment, revealing significant trends and gaps in ESG reporting
How are Indian Manufacturers Aligning Sustainability with Industry 5.0?
According to PwC India research, 93% of Indian manufacturers aim for sustainability with 2-3x profitable growth through Industry 5.0
Carbon Clean Launches Columnless Carbon Capture Series: Cyclone CC C1 series
Carbon Clean’s Cyclone CC C1 series is available in concentrations ranging from 3 % to 20 %, capturing up to 100,000 tonnes of CO2 per year
Plastic Recyclers Generated 0.7 M Fake Certificates: CSE
A recent CSE assessment reveals flaws in plastic pollution policies used to produce fake certificates, urging for stricter policy implementation to prevent malpractices
Global Clean Energy Market to Reach $2 T in 10 Years
As energy transitions progress, the global market for critical clean energy technologies is expected to triple to over $2 trillion over the next ten years
$78 T Needed to Achieve Net-Zero and 1.5 C Warming
A new report says that decisive action is needed to achieve net-zero by 2050, as world is currently on path for 2.5˚C to 3˚C global warming
RPF Updates SOP to Protect Vulnerable Children
The Railway Protection Force (RPF) has updated standard operating procedure (SOP) to protect vulnerable children found on railway premises
Gender equality in India progressing; Social Norms, Safety Concerns Persist: UN
India’s progress towards gender equality has improved through increased investments and women’s leadership, but social norms, workforce participation, and safety measures remain obstacles
NTPC to Power Indian Army with Green Hydrogen
NTPC developed the advanced solar hydrogen microgrid system that uses hydrogen for energy storage, providing 200kW of continuous power year-round
Concerns about excessive power sector investment without purchase agreements
Aequitas cautions against over power sector investment and past industry mistakes in India’s ambitious power capacity expansion plan
Global Biofuels Alliance to Establish Secretariat in India
The Global Biofuels Alliance will benefit from legal standing and privileges in India by signing a Host Country Agreement (HCA) with the country.
Private Sector Can Fuel MENA’s Sustainability Initiatives
A WEF report states that the MENA region can achieve its sustainability goals with active participation from the private sector and strong government support.
5 Statements UN Climate Secretary Made to Step Up Climate Finance
The UN Climate Secretary made pertinent observations about the co-relation between climate finance and climate action. These 5 statements sum up his sentiments.
IBM Acquires Prescinto for Renewable Energy Asset Performance Management
Prescinto uses AI for advanced automation, analytics, and monitoring to manage clean energy and storage assets, optimizing operations for renewable energy
79% Agrifood Executives Saw Increased Revenue from Sustainability Investments
Executives reported 2% revenue growth and cost reductions from sustainability strategies, with 60% expecting value growth over the next two years.
GOI Announces Hydrogen-Based Steel Production Pilot Projects
The Indian government will provide Rs. 347 crore over three years for the pilot projects, enabling the development of similar technologies.
PFC Raises $1.27 Billion For Green Energy Transition
PFC has secured a facility agreement with multiple banks to expand its operations, enhance its market presence, diversify its funding sources
IREDA to Establish Retail Subsidiary
Indian Renewable Energy Development Agency Limited (IREDA) has plans to establish a wholly-owned retail subsidiary for its retail business.
RBI to Establish Data Repository for Climate Change Risk
RBI is establishing a data repository named Reserve Bank – Climate Risk Information System (RB-CRIS) to monitor climate risks
HAI, GSTC Partner to Promote Sustainable Tourism
As a part of the MoU, GSTC will issue certificates to the HAI members who practice and promote best practices for sustainable tourism
Advancing India’s Green Shipping, RE Narrative on a Global Stage
India’s union minister highlighted the country’s progress in green shipping and renewable energy transition at an international conference
Hitachi Energy to Invest $250 Million in India
Hitachi Energy will invest in capacity expansion, portfolio, and accelerating global demand for clean energy solutions
GAIL, AM Green to Develop 2.5 GW RE Projects
GAIL and AM Green will jointly develop solar/wind hybrid RE projects to supply renewable energy – round the clock
Birla Carbon Launches Sustainable Carbonaceous Material for India
Birla Carbon has launched Continua 8030, a circular material to address the growing sustainability needs of customers
IFC, HSBC AM Partner to Support Sustainability in Emerging Markets
The collaboration aims to drive sustainable growth and impact in emerging markets by investing in sustainable technologies and social impact
Adani Group to Power Google’s Cloud Services in India
The collaboration will enable Google to use clean energy for its cloud services; achieve its 24/7 carbon-free energy goal
BPCL, MbPA to Launch India’s First Green Fuel Ecosystem
BPCL, MbPA and the MPSF have inked the MoU to improve sustainable energy options at the port and establish India’s first green fuel ecosystem
Nextracker Launches R&D Center for Solar Excellence
Nextracker aims to advance photovoltaic R&D, testing, and workforce development serving the Indian and Middle Eastern solar markets
MSIM Closes 1GT Climate Private Equity Fund
1GT targets investments in private companies across mobility, power, sustainable food, agriculture and circular economy
Zetwerk Wins Rs 2,500 crore NTPC Solar Module Contract
Zetwerk Manufacturing has secured a 1,515 MWp order from NTPC for the production and supply of ALMM-compliant solar PV modules.
IREDA CMD Advocates Innovative Financing to Bridge Green Hydrogen Cost Gap
IREDA affirmed its dedication to reducing project costs by combining green hydrogen with RE sources like solar, wind, and hydro.
Union Bank of India First Major Bank to Sign PCAF
The Union Bank of India has demonstrated its commitment to monitoring and controlling its financed emissions.
COP 29 President Sets 14-Point Action Agenda
The COP 29 President has announced a 14-point action agenda to accelerate climate action and supplement the formal negotiated agenda
Thermax, Ceres Partner for Green Hydrogen Production
Thermax has partnered with Ceres to develop a pressurized SAM and design a SAM balance of module for a multi-MW SOEC electrolyzer module.
JOULE to Power EVs in Bengaluru
The project is a $2.65 million new Climate Pledge initiative to support over 5,500 EVs by 2030 by addressing infrastructure gaps.
ISMA Inks MOUs with TERI, PRAJ for SAF
The ISMA MoUs aim to promote India’s sustainability by reducing annual carbon emissions from the aviation sector.
Green Pathways for the Steel Industry
A report presents a comprehensive plan for India’s steel industry to decarbonize, addressing various aspects of carbon emissions
NTPC Announces Two Projects
NTPC has awarded a 1,166 MW wind energy project to the Suzlon Group; signed MoU with ICC to set net-zero standards.
85% Banks rely on ESG ratings for Financial Strategy
In 2023, 85% of FIs used ESG ratings to identify climate-related opportunities, managing over $4 trillion in assets.
India Establishes Graphene Engineering and Innovation Center
It has been established to develop a center of excellence for the commercialization of graphene technology.
Mercedes-Benz Launches Sustainability CoE
The first CoE will aid 25 social enterprises in mobility & environmental innovation, while the second will focus on charging infrastructure.
The Importance of ESG Framework and Integration into Business
Two GoI officials recently underscored the importance to integrate ESG into business practices and the significance of an ESG framework.
Toyo-India to Conduct FEED Study For EET Fuels ICC Project
The ICC project is projected to capture approximately 1 million tonnes of CO2 annually, removing approximately 45% of all Stanlow emissions.
Indian Railways Outlines Net Zero Journey
The Indian Railways Board aims to achieve net zero status by primarily utilizing renewable energy sources for energy supply, nationally
MPSF, DNV Partner for Sustainable Maritime Sector
Under the MoU, DNV team will collaborate with MPSF to explore low-carbon fuel bunkering, storage, and leverage MPSF ESG and circularity Center
ONGC’s 1GW Renewable Energy Push
ONGC has submitted a tender for one GW of renewable energy. Also established ONGC Green (OGL) as a new subsidiary to manage the assets.
Adani Energy Acquires Transmission Project in Gujarat
Adani Energy will commission the project in the next 24 months, with 21,783 km of transmission lines and 61,686 MVA of capacity.
Biocon to Achieve Gender Parity by 2030
Kiran Mazumdar Shaw, Founder, Biocon, said the initiative was aimed to create a more inclusive and balanced workforce
TGI Launched in Mumbai
The TGI project, utilizing data and analytics, aims to benefit 23 million people in nine districts of Maharashtra.
Women Can Register Workplace Harassment Complaints With the She-Box
She-Box offers a common platform to file complaints, track their status, and ensure a time-bound processing by ICs.
ReNew, Microsoft Ink 437.6 MW Green Energy Contract
Microsoft aims to achieve carbon-negative status by 2030 by producing over a million green energy attributes annually through this contract
Disparity Between Available Finance and Municipal Spends Impacting Indian Cities
A report emphasizes the need for comprehensive urban planning strategies for inclusive growth, environmental sustainability for cities.
Ultratech Cement Secures $500 M SLL
The SLL will support UltraTech’s sustainability and ESG goals, aiming to achieve carbon-neutral concrete by 2050
India Charts Green Energy Strategy at US-India Bilateral Meet
India emphasized the importance of green energy and green hydrogen to decarbonize industries and fuel power generation
L’Oréal Documents 100 % RE Journey in India
L’Oréal India has transitioned all its operations in India, including manufacturing facilities, research and innovation centers to 100% renewable energy
New BioE3 Policy to fuel Biomanufacturing
The “BioE3 Policy aims to foster innovation-driven research and development, and entrepreneurship in various thematic sectors
Mahindra Logistics’ Digital Tool to Decarbonize Supply Chain
Mahindra Logistics’ reporting tool quantifies shipment-level Scope 3 emissions for various industries and provides emissions savings certificates for transportation
India Launches Bharat ZET Policy Advisory
Each ZET policy intervention identifies a nodal agency responsible for implementation, a list of key stakeholders, its impact on the sector, and the methodology of policy formulation
India Launches SOP for Green Tug Transition Program
The Green Tug Transition Program is a pivotal initiative towards realizing our vision of a sustainable and green maritime sector in India
How is the ICICI Bank Propelling its SDG Journey?
Last fiscal, the ICICI Bank propelled its SDG Journey a step further. Here are some initiatives that stand out
IGIA First Indian Airport to be Net Zero Under ACI
IGIA has achieved its target by adopting renewable energy, developing green airport infrastructures, promoting electric vehicles, and implementing zero waste to landfill programs
GOI Planning Rs 15,000 Crore Green Initiative for MSMEs
Green initiatives for MSMEs will focus on establishing material recovery facilities (MRFs) and managing post-consumption product treatment
Shipbuilding Policy 2.0 Promotes Recycling
The shipbuilding policy 2.0 includes a recycling credit note scheme, fixed shipbuilder subsidies, and three maritime clusters
Sovereign Green Bonds May be Traded at IFSC
The Indian government introduced sovereign Green Bonds in FY 23 to mobilize funds for sustainable public sector projects.
Carbon Removal Budget to Tackle Climate Change
A recent Oxford University study published in Carbon Management supports a new “Carbon Removal Budget” as a strategy to combat climate change
Muthoot Capital Secures Rs 100 Crore Impact Funding for EVs
Muthoot Capital Services has partnered with Development Financial Institution to raise long term debt funds to expand its EV portfolio
Climate Bonds must be Indexed to Basket of Currencies
APAC executives have proposed that emerging economies must issue climate bonds that are indexed to a basket of currencies
IICA, HP India, Launch ESG Professional Program
The ESG Professional program is a significant step towards building a sustainable and responsible corporate ecosystem
COP29: Climate Talks Must be the Focus
COP29 climate talks in Azerbaijan highlight the need for financial aid from rich countries and cooperation between CSA for climate solutions
India to Establish Domestic Carbon Market Regulations
Indian corporations are actively participating in the development of the carbon market as their global assets are expected to demand cleaner products
Women-Owned MSMEs Surge to 1.84 Crore in India
India now has over 1.84 crore women-owned MSMEs, marking a significant development for the nation’s economic landscape
Leading Indian Companies Fall Short of RE/Decarbonization Targets
Indian corporates are falling short of their decarbonization targets; only 5% of their yearly electricity consumption comes from RE
India EV Market to Reach $2.5 Billion in 2024
The Indian EV or electric vehicle market is projected to grow by 26.4% annually, reaching a total value of $2.5 billion by 2024
TPRMG, NDDB Partner to Solarize the Dairy Cooperative Sector
This partnership aims to support various projects focusing on developing renewable energy technologies in the dairy supply chain
Hindustan Zinc Launches Asia’s First Low Carbon Green Zinc
The company said that it produces less than one tonne of carbon emissions per tonne of green zinc to be targeted at the automotive sector
Tata Steel Launches Carbon Bank
The carbon bank is aimed at measuring and managing carbon dioxide savings generated from various sustainability projects
AcrelorMittal Belgium Pilots Carbon Capture
ArcelorMittal Belgium plans to achieve a 35% reduction in CO2 emissions by 2030 through the use of circular carbon in blast furnaces
MSME, DEI, Youth: Three Focus Areas of Budget 2024
The MSME sector in India has received a green boost in Finance Minister Nirmala Sitharaman’s seventh Union Budget for 2024-25
IHG Launches Hotel Industry’s First Low Carbon Pioneers Program
The first few Low Carbon Pioneer hotels span across Holiday Inn Express Madrid Airport, Iberostar Waves Cristina, and Kimpton BEM Budapest
Economic Survey: Rural women drive women’s participation in the workforce
Women’s participation in India’s labor force has increased significantly, reaching 37% in 2022-23, largely driven by rural women.
India made great advances in climate mitigation: Economic survey
The Economic Survey highlights the importance of energy efficiency measures in promoting clean energy transitions and energy security.
5 Ways in Which Amazon Achieved its 100% RE Target
Amazon has achieved 100 percent RE target seven years ahead of the set goal. Here are the five ways in which the company achieved its target
Tata Power to Invest Rs 20,000 crore for Renewable Energy
The investments are aimed at advancing sustainability, spurring clean energy growth, and supporting India’s renewable energy targets
GoI Outlines e-Mobility R&D Roadmap for Net Zero in New Report
The e-mobility R&D roadmap focuses on energy storage cells, EV aggregates, materials and recycling, and charging and refuelling
3 Climate Tech Start-ups Win ArcelorMittal Accelerator Award
The start-ups, UrjanovaC, Agro Morph Techno Solutions and Susstains Engineering Solutions are developing decarbonization solutions
GAIL Starts MW-Scale Operations for Green Hydrogen
GAIL will be the first company to start megawatt-scale operations for green hydrogen production, with a facility set to produce 4.3 TPD
India Needs 2 Lakh Skilled Professionals to Meet 2030 30% EV Target
The EV target demand includes blue- and white-collar technicians, scientists, and engineers in electrical, mechanical, chemical segments
Indian Sustainable Agriculture Projects on Global Centre Stage
The Gulbenkian committee recognized the contributions of APCNF and Dr Rattan Lal in promoting sustainable agriculture in India
CEO-led Climate Alliance Appoints Sumant Sinha to Lead Global Climate Action
The CEO-led Climate Alliance represents $4 T in revenues and 5.2 GT of carbon emissions, equivalent to 10 percent of global emissions