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
Banks, Insurance Sector Crucial to Sustainability
Banks and insurance sectors received scores below 50% in the GEM evaluation, indicating a need for increased communication and cooperation in ESRS compliance
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
Corporates Power Drive Climate Change Solutions
100 CEOs and executives from the Alliance of CEO Climate Leaders urged world leaders to meet Paris Agreement objectives.
India’s Climate Policies Can Reduce 4 Billion Tons of CO2 emissions
India’s current climate policies on the power, transportation, and residential sectors can reduce about 4 billion tonnes of CO2 emissions between 2020 and 2030
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
Is S the Blindspot in ESG?
Yesterday evening marked a major milestone for WriteCanvas and ASSOCHAM. Having released the synopsis of research report Is S the Blindspot in ESG? In June, we released the detailed survey.
Has Green Hydrogen Reached Crossroads?
The U.S. Department of Energy’s Hydrogen initiative aims to reduce the cost of green hydrogen to $1 per kg within the next decade.
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
Climate Disaster: UNEP Report Warns of 3°C Warming
A new UNEP report warns nations to significantly increase emissions reduction targets to avoid catastrophic global warming.
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.
Sustainable Investing Gaining Traction In the Financial Markets
Sustainable investing has surged with ESG-focused funds and assets under management, indicating a growing demand for ethical investment options.
Despite 200GW Milestone, India’s RE Future Faces Import Headwinds
India’s RE target to reach 500 GW by 2030could be hindered by $30 billion in annual solar imports.
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.
How is NCL promoting Sustainability?
Northern Coalfields Limited (NCL), a subsidiary of Coal India Limited, has launched several sustainability projects as part of its Special Campaign 4.0.
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
MSMEs Focusing on Governance Component of ESG
MSMEs see profits and cost-saving benefits in sustainability but need support for efficiency goals: SIDBI – D&B SPeX.
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MSMEs see profits and cost-saving benefits in sustainability but need support for efficiency goals: SIDBI – D&B SPeX.
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
Three to Jive
The GoI has modified Eco Mark, while Maharashtra is addressing ocean plastic pollution and recognizing temperature rise both day and night
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
Code Red: CII Red Flags TN Auto Industry Against High Climate Risk
The auto industry faces a significant risk of climate hazards like floods, droughts, cyclones, and heavy rainfall.
Vivriti Capital Secures $25 Million from ADB for Climate Finance
Vivriti Capital will use atleast 30 percent of the funds for EV financing, including charging stations and battery swapping stations.
AIIB Commits $100 M Climate Transition Fund For Emerging Asia
AIIB has earmarked $75 million to the Actis Asia Climate Transition Fund and $25 million co-investment sleeve alongside it.
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.
Climate Financing Start-up Raises $6.3 M
Climate financing start-up Two Point O Capital has raised $6.3 million in a seed funding round led by Omnivore.
Maharashtra Gets Rs 1.29 lakh crore Boost for RE
Maharashtra has secured a substantial boost for its renewable energy sector with the signing of seven MoUs for Rs 1.29 lakh crore investment.
United States-India Collaboration on Climate Change to Promote Green Jobs
India and the US have successfully combated climate change and transition to sustainable energy, resulting in the creation of green jobs.
Sunsure Energy to Supply Green Power to Kirloskar Brothers
Sunsure Energy will supply 2 cr units of clean power to Kirloskar manufacturing facilities, reducing the carbon footprint by 14,200 MT.
Can India Scale to Meet to its RE Targets?
CEEW, the independent think tank has raised some eye-opening questions regarding India’s RE target achievements.
India Inc Pledges Rs 32.45 Lakh Crore for RE Projects
India Inc. has pledged Rs 32.45 lakh crore for renewable energy projects till 2030, aligning with India’s target of 500 GW.
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.
Coal India to Expand RE Capacity by 5 GW
Coal India to expand its RE capacity by adding 5 GW by 2028. Additionally, the company is also looking to set up pump storage projects.
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.
31,350 MW Hydro Electric Projects Receives Rs 12,461 Crore Support
The Cabinet has approved a modification to the budgetary support scheme for enabling infrastructure for Hydro Electric Projects, totaling Rs 12,461 crore.
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
‘Mission Mausam’ gets Rs 2,000 crore outlay
The Cabinet meeting chaired by the PM meeting has approved an outlay of Rs 2,000 crore over two years for ‘Mission Mausam’.
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.
Drive mind-set change for effective DEI Implementation
They debated the missing links and emphasized the significance of the policy push for DEI to progress further.
Nestlé Replaces Plastic with New Paper-Based Packaging
Nestlé claims to have reduced plastic use by 90% in vital proteins and packaging weight by 97% in sustainable coffee packs.
Geothermal Power Plant on the Horizon
The latest is the addition of geothermal energy to the energy basket, with MNRE constituting a 11-member Task Force.
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.
India to Develop Climate Finance Taxonomy in 10 Months
A climate finance taxonomy is a set of guidelines that will help investors and institutions direct funds to tackle climate change.
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.
Are women really safe at the workplace?
India faces increasing concerns about women’s safety due to rising incidents of harassment, violence, and rape. A main concern is workplace safety.
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
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
President, PM put Climate at the Centre stage
Both the prime minister and the President stressed the need to mitigate climate change; each emphasized the emergency to act
Inclusive Workforce Must be the Norm
As per a recent report, 40 percent of women face discrimination at work. Is an inclusive workforce a distant dream?
Ignoring Dams: At Whose Cost?
Dams, long-standing resilient to climate change risks, are now facing significant challenges due to recent events and their resulting impacts.
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.
Thermal Power Back in Focus
Private sector companies like Adani Power, JSW Energy, and Tata Power are refocusing on thermal power to meet rising electricity demand
IFC, Citi Partner for Sustainable Supply Chain
The partnership is the first project under the umbrella of a $2 billion global sustainable supply chain finance program for emerging markets
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
COP29: Hope for Climate Mitigation and Climate Fund
Climate incidents have played global havoc. The loss and damage are yet to be established. All eyes are now on COP29
The Climate-Social Story of Kerala
This Social Story of Kerala is an unpresented social connect between human beings and communities being witnessed after the Wayanad tragedy
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
Is Corporate India Fuelling Climate Change?
Corporate India, despite having the resources and grit to take a proactive stance on climate action, largely remains a passive observer
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
Nature’s Fury on a Rampage
Nature’s fury is rampaging as we ignore warnings. As the nation recovers from the Wayanad landslide shock, more disasters are being reported
NOT JUST A CLIMATE DISASTER?
The disaster in Wayanad, Kerala, is a stark reminder of the urgent need for action and accountability in climate change mitigation.
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
DEI Weighs High, But Shunted by Corporates?
The trend is in contrast to DEI reports by market analysis and advisory companies, despite the lack of consolidated data on the issue
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
India to Develop Taxonomy for Climate Finance
The GoI plans create a taxonomy for climate finance to increase the availability of funding for climate change adaptation
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.
An Update on MSME Green Finance and Transformation Scheme
The MSE Green Investment and Financing for Transformation Scheme (MSE GIFT Scheme) aims to assist MSMEs in implementing green technology.
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
Fairness Concerns Cloud EU’s CBAM
CBAM, currently affecting only 1.64 percent of India’s total exports, is an additional tax burden and trade barrier
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
Budget 2024: Expect more focus on climate action
There has been a lot of activity in the fight against climate change between the interim budget and the final budget scheduled for July 23
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
72% Global FIs to Invest $500,000 in ESG Technology
Global FIs are incorporating climate and ESG risk considerations into their risk assessment and investment selection procedures
Renewable Energy Growth Rate Must Triple to 16.4% by 2030
As per IRENA statistics, despite rapid growth, the world may fall short of the triple renewable energy target set at COP28
remove Launches India Initiative
remove will support Indian businesses in developing projects to remove carbon dioxide from the atmosphere and mitigate global warming
A Milestone Amidst Climate Crisis
In our 50th newsletter, we are prompting a debate on whether the world is transitioning towards resilience or succumbing to climate crisis
How Prepared Are the Indian CFOs for Climate Reporting and Compliances?
A recent Accenture survey has revealed that only 22% of CFOs are ready for climate reporting and assurance requirements, globally
Hindustan Zinc Releases First TNFD Report
Hindustan Zinc is focusing on environmental impact assessment and setting science-based targets to reduce freshwater and land pressures
JSW to Invest $1 Billion for Net Neutrality
JSW aims to reduce emissions per tonne of steel produced to 1.95 by 2030; and achieve net neutrality by 2050
AM Green, SJVN to Execute One of World’s Largest Carbon-Free RE Project
AM Green will receive 4,500 MW of carbon-free RE for its green ammonia facilities, integrating pumped hydro storage with solar and wind power
Green Hydrogen Funding Gets MNRE Boost
MNRE has announced a funding scheme for testing facilities, infrastructure, and institutional support for the National Green Hydrogen Mission
New L&T CMD S N Subrahmanyan Outlines ESG Plans
S N Subrahmanyan outlined plans to enhance green energy capacity, encourage women’s participation in the workforce and community development
Strict Regulations for Sustainable Coal Mining
The regulations aim to mitigate the environmental impacts of coal and promote continuous improvements in water quality monitoring
3 Reasons Why India Relies on Coal to Address Peak Power Demand
The amount of electricity generated from coal increased by 10.4 percent during the six months ended June 30
SLB, TotalEnergies Partner for Next-Gen Energy Solutions
The partnership establishes a flexible framework for companies to tackle key challenges in the energy value chain, including CCUS
Is India ready to meet 400 GW peak power demand?
The growing economy and rising temperatures will further push peak power demand in the coming years.
GAIL advances Net Zero Target for Scope-1, 2 GHG Emissions to 2035
GAIL is promoting sustainable development, by advancing its emission reduction in India’s booming energy sector
WB Approves $1.5B Green Bond for India’s Low Carbon Energy Transition
The second low carbon energy transition operation aims to enhance green hydrogen production through reforms and technology support
ISO Developing Net Zero Standard
The ISO standard is an evolution of its Net Zero Guidelines, aimed at providing best practices and protecting against greenwashing
BRICS Environment Ministers Review Progress
BRICS countries must maintain close multilateral ties, to uphold equity and CBDR-RC values, and adopt sustainable lifestyles
Cleantech Solar to Advance C&I Portfolio with Rs 855 Crore Green Finance
Clearnech will use the green finance loan for the open-access solar and wind park development and operation projects
Mindspace REIT Secures Rs 650-crore SLL bond from IFC
The coupon of the 7-year bond is linked to Mindspace REIT’s commitment to achieve certain ESG targets towards building a greener ecosystem
Panasonic, SBI Partner for Solar Finance
The alliance aims to aid the government in achieving 500 GW of renewable energy capacity by 2030 and making solar energy solutions accessible
Facor Awards 80 M Euro Ferrochrome Plant Contract to Mesto
The new plant is expected to produce 300,000 tonnes of ferrochrome annually, and will commence operations in 2025
Two New BIS Safety Standards for Electric Vehicles
The BIS standards, IS 18590: 2024 and IS 18606:2024, concentrate on the powertrain, a crucial component of electric vehicles
Tata Communications Secures Maiden $250 Million SLL
The company’s carbon emissions will impact the SLL interest rate margin, aligning with its global Net Zero goal by 2035
India Slips to -2 in WEF’s Gender Parity Index 2024
India’s ranking of -2 in the WEF Index is primarily due to a decline in educational attainment and political empowerment
NTPC to Establish World’s First Flue Gas CO2-to-4G Ethanol Power Plant
Advanced microbial fermentation technology combines captured carbon dioxide and generated hydrogen, converting these inputs into 4G ethanol
Double-Digit CAPEX Anticipated for Renewable Energy: CRISIL
CRISIL highlights a surge in auctioned capacity, rising from 12 GW in FY23 to a significant 35 GW in FY24, reflecting a 2.5-fold increase
Gender Diversity Push in the Aviation Sector
The DGCA has issued a circular urging airlines and airports to increase women representation in the aviation sector to 25% by 2025
Cabinet approves VGF for Offshore Wind Energy Projects
The successful commissioning of 1 GW offshore wind projects will produce renewable electricity of about 3.72 billion units annually
Presenting a right sustainability narrative imperative to achieve SDGs: IMC banking conference
Experts discussed the pivotal role that the banking, non-banking, and financial industry is playing in the government of India’s ambitious financial inclusion drive during a day-long event
100 % SAF Use Can Reduce Impact of Contrails by 26%: Study
100% SAF use in both commercial engines could reduce the impact of contrails by at least 26% compared to the Jet A-1 reference fuel
Hitachi Energy to Invest $4.5 billion For Clean Energy Transition
By 2027, Hitachi Energy aims to accelerate the clean energy transition and double its investments in manufacturing, engineering, digital, R&D
Girish Tanti Appointed GWEC India Chair
GWEC India’s position is crucial for promoting momentum and policy frameworks to unlock India’s wind energy potential and supply chains
Emissions reduction: Ambition Vz reality
India’s carbon emissions are expected to rise due to increased industrial use of fossil fuels, necessitating a bottom-up approach
Why is the Social Component Important in ESG?
Indian businesses are enhancing their social component by fostering an inclusive corporate culture and developing their annual ESG strategy
Regulations Driving SAF Demand: Report
The sustainable aviation fuel (SAF) demand is primarily driven by regulatory developments, with a total demand of 16.1 Mt across countries
Offset Measures, Implementation, Key to Tackle Climate Crisis
Four distinguished panelists discuss the profound effects of climate change on the planet, focusing on strategies to mitigate it
Businesses Must Promote Inclusive Workforce: Survey
An inclusive workforce can change the dynamics of an organization says a recently published WriteCanvas-ASSOCHAM South survey
Global Energy Investment to Exceed $3T by 2024
Global energy investment is projected to surpass $3 T by 2024, with $2 T allocated to infrastructure and clean energy technologies
What Is Fueling India’s EV Growth?
India aims to sell 30% EVs by 2030, using grants and subsidies to promote alternative fuel infrastructure and charging station expansion
Less Than 10% ESG Heads are Data Custodians: ASSOCHAM-WriteCanvas Survey
The survey highlights concerns about individual business units as custodians of ESG data, with 94% responsible for vertical data and security
BMC Debuts Climate Budget with Rs 10,000 Crore Outlay
The climate budget which represents 32.18% of the total capital expenditure, has been integrated into BMC’s existing fiscal framework
Is Social the Blindspot in ESG?
Our research suggests that many organizations are neglecting this critical area or limiting their social efforts to CSR initiatives
World Environment Day: From Noise to Action
On this World Environment Day, WriteCanvas reiterates our commitment to shaping a positive climate narrative
Is India’s Real Estate Sector Aiding Net-Zero?
The real estate sector is buoyed by the LEED and GRIHA credits and certifications. But are these enough for net-zero?
India’s Port Sector must Decarbonize Operations Value Chain
India’s port sector is leading global efforts towards cleaner and greener energy solutions due to its focus on decarbonization
AI-ML-Based Software to Modernize Utility Grid Assets
The platform digitizes utility grid data into actionable, real-time operational insights by integrating data from multiple sources
Sustainability Programs Not Integrated in 1/3rd Companies: Report
As businesses increase their senior positions, the roles and reporting lines of chief sustainability officers are becoming erratic
Varanasi to Launch $3 M City Challenge in June
The initiative aims to accelerate sustainable mobility, promote healthier urban environments, and improve people’s access to services.
ASSOCHAM Webinar on World Environment Day
ASSOCHAM South has on-boarded WriteCanvas to host a webinar titled: Leading the Way: Driving Environmental Innovation, on June 5
Reliance, Nel Sign Technology Licensing Agreement
Reliance will acquire an exclusive technology license for Nel’s alkaline electrolyzers in India & global production for captive purposes
Are corporates using the BRSR loopholes rope to climb up?
Recent surveys reveal market regulator’s questionnaire format lapses and the corporate sector’s use of BRSR loopholes for their benefit
Tightening loose-ends in BRSR
The current BRSR questionnaire format leads to incomplete submissions, hindering the creation of a reporting structure
SEBI Outlines Value Chain Disclosure Provisions in BRSR Core
SEBI has outlined ESG provisions for the value chain, including upstream and downstream partners and reporting of KPIs in BRSR Core
Is wind power regaining sheen?
Crisil predicts a 25 GW increase in wind power by FY 28, requiring Rs 2 lakh crore in capex
Mangroves: Why They Must be Saved?
Over 50 percent of mangroves are on the brink of collapse, and the resultant devastation is unstoppable, unthinkable
Climate Crisis: SOS for Action
The climate crisis is hindering the achievement of the goal of limiting global temperature rise to pre-industrial levels
How is India dealing with Climate Change?
India’s population is already grappling with the impacts of climate change, with over a third considering or moving due to weather events
Global Carbon Pricing Revenues Top $100 Billion
75 global carbon pricing instruments operate, with over half of collected revenue used to fund climate and nature-related programs
Decarbonizing India’s Real Estate Sector
Infosys, AEEE, and IIHS have launched ASSURE to decarbonize India’s real estate sector, promote climate action and sustainability
Carbon Pricing Works: Study
The empirically measured effect of carbon pricing systems in their first few years of operation is between 5 and 21% emission reductions
India a primary source of GHG Emissions in Agrifood System
India’s farm-gate emissions are the primary source of greenhouse gas emissions in the agrifood system according to a WB report
TotalEnergies to Invest $400 M for Clean Cooking Access
The clean cooking initiative aims to decrease gender disparities, enhance health, and foster sustainable development in Africa and India
Most common mistakes listed companies make while filing BRSR
After reviewing the BRSR submissions for FY2022–2023, NSE found many discrepancies in the disclosures provided by the listed companies
Green Hydrogen Production, QS Discussed at MNRE Workshop
MNRE conducted a workshop to establish clear quality standards and a uniform ecosystem for green hydrogen production processes
Bioprime Agrisolutions,Yara Partner for Sustainable Agriculture
The partnership aims to enhance agricultural sustainability by utilizing advanced technology to reduce weather-related crop failures
Green Gains: Clean Energy ETFs Outperform Oil & Gas
Clean energy ETFs are experiencing a resurgence, outperforming those centered on oil and gas exploration and production
First All-Women Construction Management Team at Lodha
The project strives to empower women and accelerate industry-wide change by giving them the chance to succeed in essential construction roles
Sustainability a priority for 50% CEOs
A recent survey shows CEOs are committed to decarbonizing their businesses to reach net zero, with over half prioritizing it
NSE-listed companies’ CSR spending Reached Rs 155.24 B in FY23
Since April 2014, the CSR law requires businesses to allocate 2% of their average net profit for CSR initiatives
Heatwaves and the Rising Tide of Climate Casualties in India
Heatwaves have a human cost, even though floods and storms have been responsible for the majority of reported deaths and financial losses.
India Auctioned Rs 20,000 Crore Green Bonds in FY24
Growing interest in environmentally responsible investments and India’s potential as a green finance market is driving green bonds demand
India Enhancing ESE Aspects of Castor Production
India is enhancing the economic, social, and environmental (ESE) aspects of castor production through a traceable and sustainable supply chain
Four G20 Countries will have Positive Ecological Footprint by 2050
The University of Sheffield research predicts that barring four, the UK and G20 countries will have a negative ecological footprint by 2050
Tata Communications Adopts SLL Framework
Linking SLL margins to measurable targets, demonstrates commitment to quantifiable results, allowing stakeholders to track progress
IFRS Foundation and EFRAG Publish Interoperability Guidance
The document is designed to reduce complexity, fragmentation, and duplication for companies applying both the ISSB Standards and ESRS
G7 Agrees to Coal Phase-Out
The G7 decision is a crucial step towards the coal phase-out of polluting fuel from energy generation, based on consensus among major forces
Sustainability Regulations Fostering Changes in Corporate Reporting
Sustainability regulations are promoting innovation in disclosures, making assured integrated reporting the gold standard
Policy Push Must Expedite Domestic Production, Attract Investors
A panel discussion highlighted the importance of policy push, regulatory certainty, financing frameworks, & ESG standards to attract investors.
EU Postpones ESRS Deadline by Two Years
The new directive postpones the adoption of the ESRS for non-EU companies to June 2026, and the 2028 reporting obligations to 2030
ICRA Subsidiary Receives Sebi Nod for ESG Ratings
The approval makes the ICRA subsidiary one of India’s few organizations offering comprehensive risk-monitoring solutions for ESG ratings
Partnerships to Transition Critical Minerals to Low-Carbon Energy Sources
The partnerships aim to provide knowledge support in critical minerals, crucial for India’s low-carbon energy transition
AdaniConneX Secures $1.44B for Green Data Centers
The initial $875 million commitment will be used for green data centers that utilize renewable energy to minimize environmental impact
CRISIL ESG Ratings Unit Gets Sebi Nod
CRISIL, which began its ESG scoring business in 2021, will transfer its over 1,000 companies across 65 sectors to its subsidiary
Shifting sands: 5 Takeaways from Women@Work Survey
The Women@Work survey underscores the importance of GELs in boosting loyalty, productivity, and belongingness, emphasizing the need to combat gender bias.
Biodiversity, Human Capital May Fall Under ISSB Gambit
ISSB plans to establish specific disclosures for sustainability-related financial disclosures, establishing a global baseline
TERI, Chambal Fertilizers Partner for Sustainable Farming
Through widespread adoption, bio-nano fertilizer is promoting sustainable farming technologies that increase productivity
CSIR Turns on the Climate Clock
The climate clock provides real-time data on global temperature increases, indicating irreversible consequences if they exceed 1.5°C
NABARD Unveils Climate Strategy 2030
NABARD unveiled its Climate Strategy 2030 document on Earth Day, aiming to address India’s growing need for green financing
Why is the Social component important in ESG?
Our endeavor to focus on the social component of ESG is being widely appreciated. Our Editor, Sonal Desai, is in conversation with Vikram Shetty of 73bit with more details.
India Needs a Water Vulnerability Index
The Water Vulnerability Index will help make data-driven, scientifically supported decisions about business, policy, and water management
CCUS will not Play a Major Role in Steel Decarbonization
A recent report indicates that CCUS, despite its support at COP28, is unlikely to significantly contribute to steel decarbonization
IREDA CMD: Need policies that fortify the supply chain network
A resilient supply chain policy will enable the RE value chain to enhance TAT and reduce lead times but also impact project costs
How will Climate Change Affect Annual Economics?
By 2049, the economic cost of climate change to human income is projected to be approximately $38 trillion annually
The Dubai Deluge: Is This the Future?
Dubai faces a potential economic washout as historic rainfall cripples infrastructure, exposing the region’s vulnerability to climate change
Heat Waves Power Struggles in Mumbai
The real battle is being fought on the distribution front, even though generation companies are working very hard to meet the surge in demand
Steel Nests and Soaring Temperatures: A Wake-Up Call from Kerala
Kerala has been experiencing extreme heat for over a month, potentially causing birds to abandon their nests and flee due to the scorching temperatures.
FSI CSOs Taking Responsibility for Net-Zero Tasks
Over 70% of firms have a CSO, requiring agility in change, and over 50% hire for net-zero strategy delivery.
22 Indicators, Common Scorecard to Track World Bank Group Progress
The World Bank Group initiative is aimed at improving healthcare, sustainable food systems, and prioritizing results over inputs
40% Public Companies Report Scope-3 Emissions: MSCI
The IPCC predicts a global emissions peak by 2025, followed by a 7% annual decline until 2030 to combat climate change
Climate Change Challenging Monetary Policy
Climate change-induced weather shocks pose monetary policy challenges potentially causing a 9% decrease in long-term output by 2050
NTPC’s GEM for Women Empowerment
GEM provides a platform for the all-around development and uplift of young girls through a one-month workshop during the summer holidays
Kerala High Court Sheds the Traditional Black for Summer
Lawyers and judges in the Kerala High Court have had the option to ditch black! In other words, the lawyers will be moving from black and white to all-white this summer.
Green Hydrogen Gaining Steam
Hydrogen, it seems, is India’s new Green Mine! Suddenly, everyone seems to be focused on the green hydrogen space.
Healthy Environment is a Fundamental Human Right: SC
The SC has recognized the right to a healthy environment, free from the adverse effects of climate change, as a fundamental human right
There is no Silver Bullet to Achieve Net-Zero: Report
Achieving net-zero doesn’t require a magic bullet; it requires coexistence of various energy technologies in our energy basket.
Summer Fury: Heatwaves and a Climate Emergency
The inconvenient truth is – we have crossed the tipping point. This is an emergency siren blaring at the highest pitch.
MUFG Triples Sustainable Financial Goal
The bank has tripled its 2030 sustainable finance goal to 100 trillion yen; also established a Sustainability Risk Office
Brace for longer heatwaves, this summer
The Indian Meteorological Department (IMD) has issued a warning about potential climate-related hazards in various regions due to heatwaves.
Breathe Easier: Indian Steel Industry Makes Strides in Decarbonization
The Indian steel industry is emerging as a frontrunner in decarbonization.
JAM, MAE to Establish Carbon Fiber Plant
The Rs 2,700 crore plant plans to increase its capacity to 10,000 MT by 2027, aiming to produce 3,500 MT of carbon fiber annually
Sentra Joins SAIL’s Carbon Emissions Journey
SAIL is implementing a 3-pronged strategy to reduce carbon emissions, including increasing scrap usage, using RE, and utilizing natural fuels
SABIC, Pashupati Group Partner for Plastic Waste Recycling
The MoU includes a plastic waste recycling project for pyrolysis oil, enabling certified circular polymer production
6,000 Starbucks Locations are Green Stores
The greener stores demonstrate Starbucks’ commitment to sustainability and environmental impact including waste diversion
UNGA Adopts AI Resolution
The UNGA has adopted a draft resolution emphasizing human rights in AI design, acknowledging AI’s potential to accelerate the SDGs
Green GDP, Climate Change Dominate Modi-Gates Dialogue
The PM emphasized the need for a new approach to Green GDP, signifying the importance of climate-friendly lifestyle choices
How can Maharashtra retain dominance in the EV market?
Maharashtra leads the nation in EV adoption, with a 130% increase in electric cars, two-wheelers, and buses
AI Washing Eroding Trust in ESG Initiatives?
AI washing can undermine transparency and erode trust in ESG, creating further hurdles in recognizing genuine sustainability efforts.
Blue Economy: The Next Multiplier of Economic Growth
Blue Economy, if prioritized can stimulate growth, safeguard marine ecosystems, and safeguard coastal communities
India’s First Bioplastics Facility to use Sulzer’s PLA Technology
The bioplastics plant will achieve sustainability goals and meet increasing demand due to reduced production costs and environmental benefits
Water Crisis: The Call to Action
The global water crisis is rapidly affecting urban areas and could worsen in the near future. An urgent appeal for participation
India can Become a Circular Economy Hub in the Solar Industry
The sector should establish reverse logistics and storage, explore innovative financing, and update its installed capacity database
GoodEnough Energy to Establish BESS Gigafactory with Rs 450-cr outlay
Led by Akash Kashik, GoodEnough Energy 500 GW renewable energy capacity by 2030
The True Cost of Climate Change
Climate change is a costly affair; in terms of L&D to property, adverse impact on the lives of people, and the overall health of our planet
Water crisis can be a prefix
The water crisis globally is a cause for concern. A result of climate change and public apathy, it has sounded a warning bell for all.
Tata Power, MCGM Partner for Solar-Powered Demand Flexibility Program
The initiative promotes a shift towards solar water pumping, resulting in a ToD tariff benefit and a reduction of 21 tonnes of carbon
Will the 17th LS Election Emit Less Carbon Footprint?
The CEC has initiated green initiatives, but no political party has pledged to reduce their carbon footprint during their campaigns
What does India’s rise of 14 places in UNDP’s Gender Inequality Index (GII) indicate?
The narrative is, however, evolving. And women are leading the change. Daughters and mothers are standing up for one another.
SIDBI Secures $120 M Green Climate Fund Project
The green climate fund will contribute to the adaptation, mitigation, and strengthening of resilience in economically vulnerable sectors
Demand for Lithium-Ion Battery Soars in India
By 2028, the lithium-ion battery market is anticipated to grow at a 20 percent CAGR to reach Rs 1.77 trillion
Headwinds in Favor of Female Bonding
Globally, female bonding is gaining momentum. It is empowering women to explore new opportunities and achieve limitless growth
WriteCanvas Joins Forces with GreenFi
WriteCanvas, a Mumbai-based knowledge powerhouse, has partnered with GreenFi, a Singapore-based company specializing in ESG risk analysis.
Celebrating Women
A room full of successful women from various segments filled the atmosphere with laughter, enthusiasm, hope, and a chance to connect with like-minded people, to say the least.
Female-Headed Households can Lose 34% Income for 1% Rise in Climate Change
Heat stress and flooding significantly impact female-headed households, causing an annual income loss of 8% and $16 billion.
My Circle of Superwomen
The women in my life have been powerful forces, guiding and supporting me through thick and thin.
Workshop on Digital Forecasting for Climate Resilient Agriculture
The workshop aimed to promote sustainable agricultural practices through collaboration, revolutionize the sector & improve farmer livelihoods
SEC Approves Standardized Climate-Related Disclosures
The rules aim to offer information on the financial impact of climate-related risks on a company’s operations and risk management
Siemens Launches Sustainability Product Label
The sustainability product label will help Siemens to achieve a net zero-carbon footprint in its global production facilities by 2030
Global Gender Gap Wider-than-Expected: World Bank
The global gender gap analysis identifies safety from violence and access to childcare services as crucial factors influencing women’s choices
TPSSL, UBI Renew partnership to Finance Solar Energy Transition
TPSSL and UBI have renewed their partnership to provide financing solutions, and enhance the accessibility of solar energy transition
TERI Successfully Completes Pilot to Treat Industrial Wastewater
TERI has successfully completed a pilot project in Kanpur, effectively treating wastewater and effluent discharge from textile units
The Paradox of Women’s Leadership
While celebrating the increasing number of women in senior leadership positions is crucial, a more sustainable approach is needed.
Women Contribute Only 18% to India’s GDP: Report
Addressing the gender gap in the workforce could boost the nation’s GDP by at least 30%, according to the report
How can India explore the potential of e-Mobility in Energy Transition?
A recent event highlighted the Indian carbon market’s potential for decarbonization and the role of e-mobility in energy transition
India Unveils Alliance for Global Good – Gender Equity and Equality
The alliance plans to launch projects in digital skill development, rural entrepreneurship, finance, women’s health security, etc
India Introduces Coal Logistics Plan and Policy
The Coal Logistics Plan is a significant step towards modernizing coal transportation, enhancing efficiency and sustainability
Sustainability Disclosure netting corporate sector
Starting in 2025, Singapore has mandated climate-related reporting, emphasizing the benefits of sustainability disclosures
Beyond solar, wind and hybrid: Updates on India’s alternates in the RE sector
The RE segment in India is focused on solar power due to its dominance. Other alternatives are also gaining momentum
Solar, Wind, Hybrid: India’s benchmarking in RE addition
India’s dynamic grid and green transmission corridors help integrate and enhance renewable energy capacity, overcoming challenges
Trends and Opportunities in the Renewable Energy Segment
India aims to deploy renewable energy to advance economic development, improve energy security, and mitigate climate change
Updates on the Integrated Web Portal for Power DISCOMs
Updates to the integrated Web portal include DISCOM ratings, energy accounting, GSDP borrowing, regulatory parameters, etc
41% Businesses will Struggle to Provide CSRD Data
Around 41% of businesses will struggle to provide the data for Corporate Sustainability Reporting Directive (CSRD) compliance
Lindstrom Commits to Science-based Climate Targets with Sustainable Clothing
Lindström India is incorporating recycled polyester from PET bottles demonstrating its commitment to sustainability
GOI’s Rs 100 Crore DEI Push for Persons with Disabilities
The Ministry of Social Justice & Empowerment is investing Rs 100 crore in infrastructure projects to empower persons with disabilities
Finance Adaptation Key to Mitigate Climate Change
India must prioritize policy and institutional action of finance adaptation by developing programs and building resilient actions
PowerElec Nigeria 2024 Electrifies Lagos
More than a thousand people attended the first day of PowerElec Nigeria which reflected their interest in the renewable energy
How has the Renewable Energy Sector Metamorphosed in India?
By 2030, each state must meet 43.3% of its power demand from renewable energy; grid infrastructure availability and compliance are the key
50 Percent Large US Firms Depend on Spreadsheets to Manage ESG Data
Fifty percent large US firms dependent on spreadsheets to manage ESG data are ramping up their ESG data and reporting capabilities
Four government initiatives in sustainable energy sector this week
Despite initial concerns about the hurdles in sustainable energy, India’s 2070 net-zero goal is gaining traction due to recent policy actions
Consumer Fatigue Stalling Sustainable Energy Adoption Globally
Consumers are hesitant to invest in sustainable energy, despite high awareness, due to affordability and access barriers
TPREL, Tata Communications Sign PDA for Captive Solar Plant
The captive solar plant will produce about 40 million units of power and offset more than 30,000 tonnes of CO2 emissions
CIAL to Establish World’s First Green Hydrogen Plant
CIAL has announced strategic agreement with BPCL to establish the world’s first green hydrogen plant in an airport
ESG Dynamics Changing in the US
The US’s ESG dynamics are still changing due to investor preferences, consumer purchasing patterns, and geopolitics
Indian Banks Taking a Green Leap
India’s energy transition and decarbonization journey require Rs 160 billion annually until 2030. The Indian banks are taking the green leap
Parliamentary Panel Recommends 3-Year Deferment on CBAM
The move aims to alleviate financial constraints on Indian MSME manufacturers who may not be able to meet CBAM’s demands
Louis Dreyfus India Secures Sustainable Finance for RSPO
The DBS Bank supported the Indian arm of the
company to achieve sustainable finance for RSPO-certified palm oil procurement
Google, HSBC to Offer Venture Debt financing Option to GCR-Sustainability Companies
Google Cloud is partnering with HSBC to introduce GCR-Sustainability companies to explore venture debt financing options
New Platform to reduce Sustainability Disclosures Gap between Private and Public Enterprises
Launched amid global demand for sustainability reporting, the platform offers investors insights into private company sustainability practices
HDFC Bank Raises $300M Through Maiden Sustainable Finance Bond
The proceeds of the sustainable finance bond will be utilized for funding green and social loans, and general banking activities
Policy for Adoption of Green Hydrogen for Renewable Energy
The new policy is part of the government’s efforts to promote RE adoption and green hydrogen use, per the National Green Hydrogen Mission
New GRI Sustainability Standard for the Mining Sector
The new sustainability standard is aimed to accelerate accountability in the mining sector
PowerElec Nigeria 2024 to Fuel the Country’s Energy Sector
Organized by Verifair, Dubai, and the Africa Solar Industry Association (AFSIA), the event will be held from February 20–22, 2024, at the Landmark Centre, Lagos.
India to Invest $67B in Energy sector in 5-6 Years
India aims to increase natural gas’s primary energy mix from 6% to 15%, making it the third largest global energy consumer
DHL, Aragen Partner for Scope-3 Emissions
With the scope-3 emission reduction partnership in place, Aragen is DHL Express’s first SBTi customer in India
Cochin Shipyard Strengthens Footprint in Global Renewable Energy Segment
Cochin Shipyard has strengthened its footprint in the high-end global renewable energy segment with the new SVO contract
Supreme Court Orders Periodic Audit of 26 Environmental Bodies
The Supreme Court said that the mandate and role of each authority must be clearly demarcated so as to avoid overlap and duplication of work
Govt. Nod for Green Hydrogen Pilots in the Shipping Sector
The NGHM scheme to pilot green hydrogen in the shipping sector marks a significant step towards sustainable maritime practices
Buzz, Blitz, Biodiversity
Protecting biodiversity should not be part of corrective action. Protecting the wetlands, forests and marine culture requires dedicated effort
Climate-Smart Farming: IRRI, BASF Collaborate to Raise Carbon Intensity of Rice Systems
IRRI and BASF will research various ways to improve climate-smart farming and raise the carbon intensity of rice systems
“Inclusive” Dominated Budget 2024
Though being populist, Nirmala Sitharaman, Union Finance Minister, carefully and successfully has traded on the inclusive lines or, in simple words, kept it women (rural) centric.
Will India’s Budget Fuel Eco-Leap or Smog City Boom?
Union Finance Minister Nirmala Sitharaman may allocate funds for India’s sustainable future in tomorrow’s budget, despite potential populist sentiment.
Agriculture in carbon credit fold
India’s agriculture sector has over 40 carbon credit projects, with pilot programs paying $10-30 per acre per year, according to various studies
New Forum to Address Climate Resilient Agrifood Systems in India
The forum aims to develop an investment and partnership among the government, private sectors, farmers’ organizations in India
Novotel Hyderabad Airport Obtains Green Key Certification
Novotel is the first hotel in south India and the third in India to receive the green key certification
Crowning Glory: WriteCanvas Wins Sustainable Steward Award!
This award cements our determination to provide creative and interactive narratives for clients who want to convey their green stories to stakeholders.
Sustainability in Sports Takes Center Stage at ISSK
Policy makers, panelists, delegates, and speakers at ISSK 2024 highlighted the importance of integrating environmental and social responsibility into sports development
Technology can Drive SDGs in India
Technology can drive SDGs in India was the underlying theme at the recently concluded NASSCOM Foundation event
Green Claims under Scrutiny: New Guidelines in the Offing
India’s two-pronged approach to green claims showcases its commitment to responsible business practices and sustainable development
Tech Mahindra Launches ESG Risk Assessment Platform
i.Riskman, the ESG risk assessment platform helps organizations to identify, assess, and manage climate-related risks
Kerala’s Sports Summit Champions a Green Game
We at WriteCanvas are proud to be a part of the Sustainability Panel at the four-day sports summit -ISSK 2024, in Kerala
Greenwashing: A Sneaky Shade of Green
For starry-eyed consumers who believe everything printed on labels to be the truth, rising instances of greenwashing are a wake-up call
Exicom Taps Thailand’s EV Market with INNOPOWER Partnership
The strategic partnership strengthens Exicom’s foothold in the market and aligns with Thailand’s goal of achieving carbon neutrality by 2050
Delta Electronics to Enhance Green Hydrogen Energy Stack
The company plans to develop green hydrogen energy applications to enable various industrial sectors’ transition to net-zero
Vervotech Expands Community Outreach with New Branch in Remote Village
The company recently opened the regional office in Dawadi in the Khed to expand its community outreach initiative
How are Industries Leveraging Technology to Minimize Carbon Footprint?
Robotics, sensors, and digitization are decreasing waste, and minimizing the carbon footprint across industries
Lubrizol wins Technology Advancement Award
Lubrizol won the award for its wire corrosion test WCT which measures the effectiveness of lubricants in preventing corrosion in EVs
Green Hydrogen on a Slow Track?
Green hydrogen, when achieves its potential in generation clubbed with demand from industry, can put India truly on an energy transition
“Ours is the only technology which can create water from thin air”
Water availability is a growing challenge with fast-depleting sources. But amidst the crisis, organizations like Maithri Aquatech are taking efforts to provide clean potable water to all the corners of the country.
Del Monte Transitions to Sustainable Packaging with Recyclable Aluminum Cans
Del Monte has partnered with Ball Corporation for the sustainable packaging initiative
Lodha Receives SBTi Validation for Net-Zero Targets
Lodha aims to achieve net-zero emissions by reducing Scope-1 and -2 emissions by 97.9% by FY2028 and 51.6% by FY2030
6 ESG Trends that will Influence Credit Outlook in 2024
Moody’s ESG Outlook 2024 predicts that the six key ESG trends will impact credit strength in industries vulnerable to the carbon transition
India Grid Trust Signs $199 M Contract with ReNew Solar Urja
ReNew Solar’s sale aligns with investor interest and strategy, generating $82 million in cash inflow.
NHAI Developing Green Cover Index for Highway Sustainability
NRSC and ISRO have collaborated to establish the Green Cover Index, a strategy aimed at enhancing the sustainability of highways
Indian Railways, CII Renew MoU for Green Initiatives
The updated MoU attempts to cut GHG emissions by consuming less water and energy
Textile MSMEs Embracing Sustainability
India is the only one with an end-to-end value chain and the USP of servicing small lot orders and niche hand-crafted textile products.
Why Should Companies Prepare a Sustainability Report?
A sustainability report is a crucial tool for companies seeking to gain a competitive edge in a fiercely competitive market
Climate Change’s Triple Threats
The triple threats of climate change—intensity, insecurity, and inequality—are wreaking havoc on people’s lives
Adani Green Expands Joint Venture Partnership with TotalEnergies
TotalEnergies’ joint venture investment in Adani Green includes a 50% stake in a portfolio of more than 1 GW of solar and wind projects
Planetary Fever: Too Hot to Handle?
2023 wasn’t just toasty for India; it was the hottest year for the entire planet. Extreme weather events fueled a feverish Earth.
Reliance Turns Plastic Waste into Circular Polymers
To reduce plastic waste, Reliance works with partners to increase the production of pyrolysis oil and turn the yield into circular polymers
JinkoSolar Becomes First PV Company with SBTi Approved Net-Zero Targets
JinkoSolar has underscored its ambition to address climate change and provide a clear action guide for full value chain emissions reduction
10 Key Sustainability Regulations to watch out for in 2024
The sustainability regulations list includes compliances that will impact the MSMEs
8 policies that enabled climate action in India in 2023
India’s commitment to climate action and a sustainable future is gaining momentum, though the impact of policies will take time to realize
Climate Action: The Power of One
Individuals can be the first level of torch bearers for climate action. Together, they can develop a value chain that benefits our community
10 Words that Shaped Climate Conversation in 2023
Climate conversations dominated the sustainability landscape in the year 2023. I want to share 10 words that shaped these dialogues. These words give a glimpse into the diverse and ever-evolving vocabulary of climate change.
Climate action: Adapting or Mitigating?
The blog is the third narrative from WriteCanvas as part of our YEAR-ENDER Stories. We hope you will like the articles. Happy Reading.
SBI, WB to Sign $165 Million LoC for Rooftop Solar Projects
SBI is raising its exposure to green initiatives, including funding green buildings, battery recycling, and solar rooftop plans
Climate Change and Migration or Abandonment Patterns
The blog is the second narrative from WriteCanvas as part of our YEAR-ENDER Stories. We hope you will like the articles. Happy Reading.
Indian MSMEs to be in Spotlight in 2024
The MSMEs which constitute more than 80 percent of the country’s value chain, must now focus on ESG and sustainable business practices
2023: A Year Defined by Climate Change
The blog is the first narrative from WriteCanvas as part of our YEAR-ENDER Stories. We hope you will like the articles. Please do write to us about the topics that you want us to take up; meanwhile, Happy Reading.
Navigating a Greener Future
Two examples of how technology and sustainable alternatives can save emissions and lead India toward a greener future
Green Energy: Surat Takes a Kangaroo Leap
Surat, so far known as the textile and jewelry hub of India, is leading the renewable energy winds in Gujarat
NABARD, ADB Partner for Climate Resilience in ANR Sectors
The partnership will allow NABARD to address the challenges posed by climate change to India’s rural livelihood and agriculture sectors
Social Finds Emphasis at BRSR workshop
In a recent workshop, speakers highlighted the significance of social responsibility and the impact of investments on businesses
A Green Leap: Reliance & DBS Partner for Compressed Biogas Project
The collaboration will promote compressed biogas as a sustainable alternative and also address the challenge of unorganized agricultural residue management
Cognizant Unveils Framework to Boost Tech Women Leaders
Cognizant aims to redefine current policies and programs and unify all women-centric initiatives under one roof through Shakti
What went missing at COP28?
While everyone is busy celebrating the historic achievements at COP28, here are 5 crucial points that got little attention
India to Reduce Coal Power Dependency to 33% by 2030
Despite announcement to hike coal-fired power generation capacity by 78-80 GW, India aims to drop coal power capacity to 33 percent by 2030
Energy conservation: Best cost-effective option
India can improve its per capita consumption ( <1400 KWh) if the country further strengthens its energy conservation/ efficiency programs
India Launches Certification Scheme for Sustainable Forests
The voluntary national certification initiative aims to encourage sustainable forests and agroforestry practices in the country
COP28: A Mixed Bag
The story on fossil fuels in COP28 was a mixed bag, with the damage and loss promised to appease proponents of climate action.
SIBUR Commits to Climate Action Plan at COP28
SIBUR has conducted Russia’s first carbon unit transaction and is currently in negotiations for potential deals with China and India
Keppel, AM Green Sign MoU for Biogenic Carbon-Based SFs
The companies will jointly explore opportunities to produce biogenic carbon-based SFs such as bio and green methanol, 2G ethanol, and SAF
Dual financing approach can boost MSME involvement in RE: IREDA
IREDA emphasized the importance of dual financing to MSMEs in RE in a session organized by the CII and ISA
JSW Group joins the World Business Council for Sustainable Development
Mr. Seshagiri Rao, Joint Managing Director and Group CFO, JSW Group will represent the company at the council
India’s Pace Toward Circular Economy
India’s decisive transition towards a circular economy is being ably supported by favorable government policies and industry participation
IATA: SAF Production may Reach 1.9 Billion Litres in 2024
IATA believes that global SAF accounting framework and regional feedstock value chains will drive sustainable aviation fuel production
Nestlé Cuts Ocean Transport Emissions
To reduce ocean transport emissions, Nestle has been using Maersk’s ECO Delivery solution for 100% of its ocean containers shipped in 2023
2,456 Fossil Fuel Lobbyists Attend COP28 Climate Talks
Fossil fuel lobbyists have outnumbered delegates from the ten most climate-vulnerable nations at COP28 this year
Dow to Develop World’s First Net-Zero Complex
Dow’s net-zero complex is expected to decarbonize 20% of its global ethylene capacity and increase polyethylene capacity by 2 M MTPA
Hero Motocorp, Ather Energy Partner for Interoperable EV Charging
The partnership outlines the benefits of unified standards for all OEMs and paves the way for interoperable EV charging infrastructure
DP World, PIL Partner for Green Supply Chain
As a part of decarbonization agreement, DP World and PIL will jointly develop green supply chain solutions for global operations
SECL to Invest Rs 4 crore for Miyawaki Forest in Chhattisgarh
SECL will use the Miyawaki plantation method to enhance green cover in the coal belt region of Chhattisgarh
Infosys, Shell Partner for Green Data Centres
The partnership between Shell and Infosys is aimed at accelerating the adoption of immersion cooling services for green data centres
ADB Approves $250M Loan to Power Indian Energy Sector
The policy-based ADB loan will enable the country to improve financial sustainability and facilitate the shift to renewable energy
Hospitals: The New Victims of Emissions?
In India, the proportion of hospitals at high risk of being shut down by extreme weather events would be 5.7 per cent by 2050
Cyclone Michaung and the Urgent Need for Improved Disaster Management
Cyclone Michaung, which recently ravaged the southern Indian state of Tamil Nadu, serves as a stark reminder of the increasing frequency and intensity of climate-related disasters.
EY Global Climate Risk Barometer: Businesses Neglecting Climate Strategy
The EY Global Climate Risk Barometer indicates that despite improved reporting, businesses neglect adequate climate strategy and action
Air India Adopts Aerowash for Sustainable Aircraft Cleaning
With the new automated cleaning technology, Air India will save up to 75,000 liters of water annually per aircraft.
How far has India fared in terms of DEI?
DEI currently presents a scenario of a glass half full or half empty. But I am certain it will be a part of our daily parlance very soon
UAE Announces $30B Investment Vehicle for Climate Action
The UAE has announced a $30 billion investment vehicle for climate action. The vehicle will silence critics who questioned the choice of UAE, a fossil fuel-driven economy, to host COP28.
4 Global Banks Exit SBTi
Four global banks including HSBC, Standard Chartered, Société Generale, and ABN AMRO have exited the Science Based Targets initiative (SBTi).
COP28 Delegates Pledge Millions for Loss and Damage Fund
The COP28 delegated have agreed to operationalize the loss and damage fund to compensate vulnerable nations for climate change-related losses
Localized Climate Data and Loss & Damage Fund critical
The L&D fund and the localized data are not just measures of climate justice but also investments for future resilience.
IASB Proposes Amendment to Some Financial Instruments
IASB has proposed amendment to IAS 32, IFRS 7 Financial Instruments: Disclosures, and IAS 1 Presentation of Financial Statements
COP28: Phasing Out or Phasing Down Fossil Fuels?
The annual event – Conference of Parties COP28, no doubt, will be a critical crossroads for energy transition
Disability Inclusion Accelerates Business Performance
Companies leading in disability inclusion have seen increased revenue and a higher chance of outperforming their industry peers
ADNOC, Santos Partner for CCS
ADNOC and Santos will advance CCS technologies and also support the decarbonization plans of their APAC customers
ABFRL, 1M 1B, Conclude Sustainability Accelerator Program 2023
Aditya Birla Fashion and Retail Limited or ABFRL, and 1M 1B recently concluded the Sustainability Accelerator Program 2023
Bloomberg Launches Data Mapping, Materiality Assessment Tool
The data mapping, materiality assessment tool from Bloomberg will enable investors to assess the impact of a company’s business on UNSDGs
Richest 1 percent Plundering the Planet
The richest 1 percent of the global population produced twice as much carbon pollution as the five billion people
NIMS University Establishes Global Centre for Sustainable Development
Jaipur-based NIMS University has established the Global Centre for Sustainability Development (GCSD) to align with UNSDGs
Frontier signs $47 M DAC Agreements with CarbonCapture, Heirloom
Valued at $47 million, the DAC agreements with Heirloom and CarbonCapture are to remove 72,000 tons of CO2 from the atmosphere
JCCU’s CO-OP using Circular Raw Materials for Food Packaging
The initiative enables the packaging of seaweed snacks made from circular raw materials, with plans for additional applications
COP28: Navigating the complexities
While COP28 is themed around four key subjects ranging from technology to climate finance, the world leaders would face more challenges
Marut Drones Launches India’s First Reforestation Drone
Marut Drones successfully used Seedcopter for its ‘Hara Bahara’ campaign, planting over one crore trees across India in 2022. The company aims to restore 900 forests by 2030.
UN Supervisory Body Agrees to Adopt Carbon Removal, Crediting Methodology to Accelerate Paris Agreement
The Article 6.4 Supervisory Body has agreed on recommendations on CO2 removals and standards to develop carbon crediting methodologies
ASCI Issues Draft Guidelines to Prevent Greenwashing in Ads
ASCI has issued guidelines to prevent greenwashing and enhance transparency and accountability in environmental claims-based ads
The Economics of Decarbonizing Heavy Industry
Heavy industry leaders can break economic stalemate within only three years by reinventing decarbonization strategies says Accenture
Sustainable Real Estate: A Realty check
A new report on India’s sustainable real estate reveals rapid growth in eco-friendly real estate, particularly in Grade A office categories
Southwest Airlines announces to be Net Zero by 2050
World’s largest low-cost airline, Southwest Airlines Co. has announced an updated sustainability strategy, Nonstop to Net Zero. This outlines the carrier’s path toward its goal of achieving net zero carbon emissions by 2050.
Severe Water Scarcity Impacts 739 Million Children
Severe water scarcity is impacting one in three children; also altering their mental and physical health says a UNICEF report
Sungrow Achieves 20GW Shipment Milestone in India
Sungrow entered the Indian market in 2014 with three offices in New Delhi, Mumbai, and Bengaluru. It established a manufacturing facility with a 10 GW annual capacity.
Sustainability Important to Make Investment Decisions
94 % of investors in a recent PWC survey said that corporate reporting on sustainability performance contains unsupported claims
Climate Action Stalls: Only 14% of Companies Meeting Targets
Just 14% of the companies reduced carbon emissions in line with the set climate action targets over the past five years
COP28: The Dilemma of Demand Vs Environment
I believe that logical and practical decisions made by countries may differ from the promises made at COP28
Will COP28 fulfil its energy commitment?
Even before COP28 is formally inaugurated, concerns are being raised about the energy strategy proposed by the COP28 President
GRI, IFRS Foundation to Establishes Sustainability Innovation Lab
The GRI sustainability lab will serve as a capacity building and research platform to turbo-drive sustainability transformation
Indian G20 Presidency to Align Climate Action Outcomes with COP28
The sessions are aimed to connect the outcomes and insights of the Indian G20 Presidency on climate action to the COP28 agenda
Environmental concerns among consumers increasing due to extreme weather
A recently released study shows that consumers are willing to change their behavior as environmental concerns are increasing due to extreme weather
Green Data Center Market to Reach $146B by 2027
The global green data center market is expected to grow due to data center operators’ preference for cost-effective, low-OPEX infrastructures
Charging and Range Concerns in Slowing EVs Demand; S&P Survey
According to a survey by S&P Global Mobility, the two most prominent reasons are affordability and infrastructure concerns.
Telangana Unveils Zero-Emission Truck Accelerator
The initiative aims to launch ZET pilot projects, establish ZET corridors through public-private collaboration, and pave the way for a substantial shift towards zero-emission trucks in the market, fostering innovation and overcoming barriers
EVs connect Amazon DSPs with the last mile
As part of the company’s global last mile fleet program, Amazon is enabling its last-mile delivery partners with electric vehicles or EVs
Insufficient Action or Lack of Will to Implement?
In recent days, we have seen insufficient action by nations and corporates alike. For example, to meet its climate goals, the EU needs to cut its carbon emissions three times faster.
IREDA Launches CSR Portal
Through the portal, IREDA will ensure transparency in CSR requests, and provide a CSR policy and proposal checklist for examination
India to comply with CBAM during the transition phase
As India plans its own carbon tax, it is likely to accept the EU’s Carbon Border Adjustment Mechanism (CBAM)
S&P Global introduces Power Evaluator
The tool allows users to conduct custom valuations of existing and planned power plant assets, simulate the impact of plant acquisitions and divestments, track portfolio progress to Net Zero goals, and quantify physical and market risks.
Skilling young India: National Skill Development join hands with Deakin University
The National Skill Development Corporation International and Australia’s Deakin University together have announced the Global Job Readiness Program for skiing young India.
Technology to Boost Circular Economy in the Indian Steel Industry
The capture and conversion of emitted CO2 into CO can lead to a circular economy, reducing the carbon footprint and associated costs
How will the energy scenario look like in 2030?
The energy scenario is set to change significantly by 2030, based on today’s policy settings, says a new IEA WEO 2023 report.
Sustainable Individual Development: Balancing Work, Life, and Health
Sustainable individual development has emerged as one of the key focal points, particularly under the ESG compliance
The story of rising women participation in the Indian workforce
The participation of women in India’s workforce saw a 30 percent rise in the last six years, and increased to 37 percent in FY2022-23
Developed countries off track to meet 2030 carbon emission targets
Developed countries, including the US, EU, and Russia, are not on track to meet their 2030 carbon emission reduction targets
Mercedes-Benz launches e-Trucks in Hongkong
Mercedes-Benz has launched two new e-trucks in Hongkong to support the country’s carbon neutral commercial transportation
Infosys, smart Europe sign pact for sustainable e-mobility
The Infosys-Smart Europe GmbH collaboration aims to boost digital sales and customer experience in the e-mobility era.
Restore 1.5 Billion Hectares of Degraded Land to Meet LDN Targets
Countries can surpass LDN targets by halting any new land degradation and accelerating existing commitments
India Top Country of Origin for New Migrants to OECD Countries
India has replaced China as the top country of origin for new migrants to OECD countries in 2021, and also in 2022
DEI: What is prevalent, Greenwashing?
It is sad to see that greenwashing in each segment of ESG is prevalent. We have also noticed that the ‘S’ factor of ESG is the least cared for.
Technip Secures EPC Contract for Advanced Biofuels, Green H2 Units
The advanced biofuels unit will produce renewable diesel and sustainable aviation fuel from bio-feedstock and waste residues
Samskip Group to unveil world’s first hydrogen fuel celled container ships
Each vessel will reduce annual CO2 emissions by approximately 25,000 tons when powered by hydrogen fuel cells
OceanX, IOC/ UNESCO partner for Ocean Decade
OceanX, the global ocean exploration nonprofit, and the Intergovernmental Oceanographic Commission of UNESCO have signed an agreement to support the implementation of the United Nations Decade of Ocean Science for Sustainable Development (2021-2030).
IIM Udaipur installs 500 kW solar plant
More educational institutes are taking the sustainability road by adopting solar power aligning with their sustainability commitment
DHL Express, World Energy Partner to Decarbonize Aviation
DHL Express and World Energy have signed a long-term strategic agreement to accelerate the decarbonization of aviation logistics
Schneider Electric Strengthens DEI Commitment
For DEI, It has decided to appoint 200 ITI women students of the Electrician and Electronics stream annually for its Mysuru Campus
Supply chain decarbonization needs collaborative approach
The G20 nations can enable the transformation of the supply chain in the logistics sector, which plays a pivotal role in economic development
Make town planners accountable
The high and mighty, who document the checks and balances that infrastructure developers follow before issuing permissions, sadly don’t follow-up once construction begins
EU tightens stand against forced labour
The European Parliament voted to bar products made with forced labor from the EU market. The move will be ensured through a set of regulations to be put in place to investigate the ‘forced labor’ in the supply chain.
REC set aside Rs 40000 cr for Green Hydrogen and Thermal projects
The state-owned REC Limited has signed three MoUs totalling Rs 40,358 crores to support and finance various projects in Odisha.
Is ESG losing steam?
Is ESG being pushed over to maintain profits? It is time, ESG is dusted off the silos and integrated into the mainstream
Upping the Scope 3 Upstream Emissions ante in the Semiconductor Industry
Scope 3 upstream emissions in the semiconductor industry are attributed to purchased materials, and supplier transportation among others
Lindstrom establishes Board Sustainability Committee
The board sustainability committee will ensure the board’s strategic reflection on sustainability, and focus on its impacts
DEI gets a New Synonym: Claudia Goldin
As Claudia Goldin takes home the Nobel this December, a million voices, mostly women, will wolf whistle for her
EU Approves Green Bond Standards to Combat Greenwashing
The EU lawmakers have approved green bond standards to combat greenwashing, promote transparency, and prevent misleading claims
What is CRISIL predicting for the e2W market segment?
CRISIL says that the e2W market segment will see a reduction in volume growth; adoption will accelerate in the mid-term
Gender Diversity must not be the Blink of an Eye
I am wondering when and how India will see improvements in gender diversity. It is a long bridge that needs to be crossed
New ADNOC Projects to operate with Net Zero Emissions
ADNOC has taken a final investment decision for offshore development projects that aim to operate with net zero emissions
All you want to know about the new Global Framework on Chemicals
The Global Framework on Chemicals outlines specific goals and rules for key industries throughout the chemical lifecycle
India, Japan Boost Climate Finance for Environmental Sustainability
India and Japan have launched a $600 million fund to promote low-carbon emission projects and environmental sustainability
World must invest $9.2T to meet net zero goals
To meet net zero and sustainable development goals, the world must invest $9.2 trillion in infrastructure, according to CDRI
GHIAL Bags L 4 Transition Accreditation for Carbon Management
GHIAL has achieved level 4 transition accreditation for carbon management signifying its alignment with global climate action goals
Turning the green tide
Many framers across the country swiftly learned how to produce more regional indigenous crops, including millets.
Pests destroy Rs 2 lakh crores worth of crop yield/year in India
According to a CropLife India-Yes Bank report, pests are estimated to cause an annual loss of INR 2 lakh crores worth of crop yield.
Delhi Announces Action Point Plan, Upgrades Green War Room
The Delhi government announced a 15-point action plan and upgraded the green war room to combat air pollution
Boosting Circular Economy in the Construction Industry
Cemex UAE and Star Cement Partner have partnered to boost the circular economy in the construction industry; aiming to recycle concrete waste
Nestle Malaysia, MCB Partner for Sustainable Cocoa Farming
In a bid to boost agriculture, Nestle Malaysia and the Malaysian Cocoa Board (MCB) have partnered to promote sustainable cocoa farming
Collaboration is strengthening our outreach: Bonani Roychoudhury
Bonani Roychoudhury, MD, Nabsamruddhi, believes that collaboration is vital to reach WASH lending to the last mile
DCM Shriram Raises Rs 200 crore Sustainability Linked Loan
DCM Shriram has raised a sustainability linked loan (SLL) of Rs 200 crore from HSBC India to fund its capex plan in Gujarat
ICRA to Foray in ESG Rating
Credit rating agency ICRA has applied for an ESG Rating Provider (ERP) license under its wholly-owned subsidiary, ICRA ESG Ratings Ltd
DFRL combats plastic pollution with biodegradable water bottles
DFRL, a part of DRDO, has unveiled eco-friendly biodegradable water bottles to combat plastic pollution and promote sustainability
To car pool or not? NO, determines Bengaluru State Transport Department
Bengaluru may face yet another climate crisis if the state transport department does not find a feasible solution to its ban on carpooling
L&T Finance, Ather Energy Partner for EV LTVs
L&T Finance has partnered with Ather Energy to offer up to 100% of loan-to-value (LTV) on electric vehicles (EVs)
Nigeria can boost the economy by $8.1 B by addressing gender disparities
By addressing gender disparities in agriculture, Nigeria can boost the country’s economy by $8.1 billion annually according to a WB report
India’s message on climate change at Oscars 2024
This is probably the only film on a commercial scale that depicts the cruel face of the climate change disaster that shook Kerala. A state that sees rains at least 9 months of the year naturally has a lot of checks and balances in place to address floods
How were carbon emissions reduced at traditional medicine summit?
WHO Traditional Medicine Global Summit co-hosted by Ministry of Ayush adopted eco-friendly methods to reduce 72,964 Kg carbon emission
My fangirl moment with the great Dr Swaminathan
Dr Swaminathan enthusiastically spoke about new developments in agriculture, emphasized the need for more R&D, and the significance of the media’s role in developing the correct narrative.
DEI, Health on FSSAI Focus
FSSAI announced equal opportunities for women and transgender business owners; urged people to refrain from wrapping food in newspapers
Nabsamruddhi Champions WASH Loans to Lead Sustainable Finance
Bonani Roychoudhury, MD, Nabsamruddhi, details the company’s strategy and the significance of WASH lending with Renjini Liza Varghese
20 Maharashtra Villages Benefit from HDFC Bank Climate Project
The Climate Project, which was launched in October 2020, covered 20 villages in Jafrabad aimed at helping the local people cope with adverse climate change vulnerabilities such as drought, heat waves, and erratic and intense rainfall patterns.
Navistar Joins the World’s Largest Corporate Sustainability Initiative
Navistar, Inc. has joined the United Nations’ Global Compact initiative, the world’s largest corporate sustainability initiative
Indian approach and leadership key to achieve SDGs
A recent publication showcases 17 lighthouse initiatives aimed at achieving 17 Sustainable Development Goals (SDGs) by not-for-profit organizations and communities
American President Joe Biden Promises to Act on Climate Change
American President Joe Biden has promised Pacific Islands leaders that he will act on climate change warnings
India Led Dialogue on Sustainable Urbanization: Union Minister Puri
India has anchored the dialogue and paved the way for sustainable urbanization and climate change under its G20 Presidency
OCED countries must adopt SCGs to meet SDGs: ORF
SDGs are not enough for global sustainability. OECD countries need to adopt Sustainable Consumption Goals (SCGs)
KRIBHCO investing Rs 1,100 crore to set up 3 grain-based ethanol plants
KRIBHCO-the fertilizer cooperative is setting up three plants in Gujarat, Telangana, and Andhra Pradesh, with a capacity of 250-kilo litre per day
Indian farmers most concerned about climate change: Survey
Globally, more than 70% farmers have seen large impacts of climate change on their farm, a new research has revealed
Sustainable Energy for All: Ghana launches $550 B Investment Plan
The sustainable energy for all plan includes $550 billion investment to achieve net zero emissions and create 400,000 jobs by 2060
Indian cement companies will use 40% green energy by 2025
ICRA says that large players in the cement sector in India have set a target to cut emissions by 15–17% over the next 8–10 years
Nasdaq intros new tools for sustainability and impact investing
Nasdaq has introduced two new offerings from its Capital Access Platforms division to streamline sustainability and impact investing
India’s Women Reservation Bill: paying way for DEI?
As a sustainability warrior, I see the historic women’s reservation bill passed by the Indian Parliament on September 20, 2023 as a pave blocker for DEI.
UK moves deadline to ban gas, diesel cars to 2035
UK Prime Minister Rishi Sunak has announced a five-year delay in a ban on new gas and diesel cars; shifted the goal from 2030 to 2035
Spirituality with a changing mindset
Being in Mumbai for more than 2 decades and a journalist who has covered the immersions of Ganpati Bappa from 1.5 days to the last day, I can confidently say the present-day change is now apparent.
25% US Executives Confident of Meeting Sustainability Regulatory Requirements
A survey by KPMG in the US shows that companies expect ESG strategies to positively impact business and financial outcomes. However, only 25% are confident in meeting sustainability regulatory requirements.
Call for joint action to preserve forests
Led by FAO, 16 global organizations have developed an action plan to preserve forests. These include data, science, finance and communication
15% SDGs on track due to climate change and extreme weather
Despite some unavoidable climate changes, every fraction of a degree and ton of CO2 matters to limit global warming and achieve the Sustainable Development Goals (SDGs)
Water crisis at the time of floods
While the world is busy pointing fingers at climate change, I am also noticing an alarming scare! Lack of potable drinking water in the climate disaster affected areas.
India to become global champion in RE manufacturing: Report
India’s energy transition has the potential to become a global leader in RE manufacturing and innovation
Green hydrogen storage can reduce RE cost to Rs 6/unit
The cost of Green Hydrogen would be cheapest in India and that the Green Hydrogen would become a viable energy storage alternative
Indian automotive sector: in pursuit of sustainability
The auto sector accounts for 4.5% of India’s merchandise exports, it is also responsible for 1.4% of the country’s annual greenhouse-gas emissions. Implementing sustainability priorities could help India achieve net-zero emissions.
SBTi Separates Standard Setting and Validation Units
The SBTi move is aimed at improving governance, boosting integrity and increasing capacity to accelerate corporate climate action
MSCI Launches Sustainability Institute
The MSCI Sustainability Institute aims to advance the role of capital markets in creating sustainable value and tackling climate change
Act NOW
The recently concluded G20 meet elaborately touches upon the criticality of the energy transition, circularity, climate financing, the need to battle plastic pollution, technology adoption and gender equality.
NABARD and UNDP India join hands for innovations in agriculture
The organisations will work to improve lives and livelihoods of smallholder farmers by sharing open-source data for product development, transferring technology and supporting the framing of agrarian policies
UST, mistEO partner to provide hyper local climate data to BFSI customers
The collaboration will streamline climate risks insights for the BFSI organizations to incorporate climate resiliency into business strategy
Global Biofuel Alliance Announced
Prime Minister Narendra Modi announced the formation of the Global Biofuel Alliance (GBA) during the G20 Summit in New Delhi
Microsoft signs 315,000 MT DAC deal with Heirloom
Microsoft and Heirloom have signed the DAC deal to advance net-zero commitments under the First Movers Coalition
Need to fast track Climate Action, Green Energy, SDGs: PM Modi
Prime Minister Narendra Modi urged global leaders to unite to tackle climate change, foster policies for climate action and fast track SDGs
Tata Steel, ABB partner for energy, decarbonization, circularity
Tata Steel and ABB India have signed a Memorandum of Understanding (MoU) regarding energy efficiency, decarbonization, circularity
GoI Approves Rs 3,760 crore VGF for BESS projects
The centre on Wednesday announced Rs 3,760 crore viability gap (VGF) funding to boost infrastructure for battery energy storage systems (BESS) projects in India
6 key highlights from the new ESS framework
The Ministry of Power has released a detailed framework to reshape the nation’s energy sector, to boost energy storage systems (ESS)
Resilience in climate crisis: think transformative
The report comes on the back of a series of unprecedented and extreme weather events, including wildfires across the globe, record-breaking heat waves in Europe, and intensifying air pollution and flooding in Asia.
SRK becomes first diamond company in the world to adopt SBTi
Surat-based Shree Ramkrishna Exports Pvt. Ltd. (SRK), become the first diamond company in the world to commit to Science-Based Targets Initiative (SBTi)’s guidelines.
G20 Presidency: will India lead climate action agenda?
While there is a lot of brouhaha for the meeting and global sustainability community is looking at us with hawk eyes, I am a tad worried. That is because the climate ministers meeting held earlier this year in Goa did not heed much results.
Sinopec Launches 10,000 Ton Green Hydrogen Project
The Sinopec Xinjiang Kuqa Green Hydrogen Project is a pilot project and is expected to produce 20,000 tons of green hydrogen annually, at full capacity
E-Tractors to boost sustainable agriculture in India
Agriculture, primary source of livelihood for nearly 55% of Indian population, feeds *1.3 billion people and contributes to the GDP
Biodiversity ‘City’ and ‘Center’
At the onset, one cannot question the Indian government’s intent to preserve biodiversity. However, on the other hand, the Union Ministry for Forest, Environment and Climate Action has made amendments in the Forest Conservation Bill
Deconstructing the connect between our food systems and biodiversity
The main direct cause of biodiversity loss is land use change (primarily for large-scale food production) which drives an estimated 30% of biodiversity decline globally
Urgent Action: Red Cross Battles Climate Crisis Impact
In comparison to a decade earlier, the American Red Cross is today dealing with over twice as many significant disasters within the United States.
Decoding the ESG matrix: Understanding the factors that shape it
Globally, the political landscape, protests, the potential to manipulate the numbers, and the practise of “greenwashing” are a few issues dominating the sustainability landscape.
Sajjan Jindal suggests four measures to mitigate climate risks
Outlining the four measures revolve around clean energy, climate finance, equitable distribution and circular economy, Mr Jindal called for global collaboration to meet Net Zero targets.
Rockefeller Foundation injects $5M into Amazon Reforestation Fund
This financial donation is a part of a bigger $100 million funding plan created to support the largest biodiverse reforestation project with a goal of removing carbon from the region.
COP28 Unveils Innovative Global Accountability and Inclusivity Program
COP28 UAE, will concentrate its efforts on advancing a just, orderly and equitable energy transition; fixing climate finance; putting nature, lives and livelihoods at the heart of climate action; and mobilizing for the most inclusive COP.
An open source repository to manage carbon credits
The software, called the National Carbon Registry, has been accredited as a digital public good (DPG). As a DPG, the registry uses open source code which allows countries to customize information as per their needs.
Who is widening the gender diversity gap in India?
I have noticed that business organizations of late have started taking a strong stance in favor of diversity by promoting gender parity. The focus is on inclusion and Diversity, Equity, and Inclusion (DEI).The ground reality at the community level, however, is a far cry.
AR Rahman develops sonic compositions for M&M EVs
The sonic identity encompasses more than 75 unique sounds tailored for various aspects of Mahindra’s forthcoming all-new portfolio of global electric SUVs.
India’s green mobility push with 10,000 E-Buses
Ten thousand e-buses will be deployed under the PPP model, but priority will be given to those cities which do not have an organized bus service
India enroute to reduce 45% emissions by 2030
Renewable energy and reforestation are are the key enablers helping India to meet her Net Zero targets
How difficult is India’s biofuel journey?
The country has taken the biofuel road to reduce the import of fossil fuels that top the vehicular energy requirements. The adoption will also reduce pollution, save forex and support farmers.
Airtel introduces environmentally conscious debit card
Production of every batch of 50,000 r-PVC cards results in a noteworthy reduction of 350 kilograms of carbon emissions. In addition, the manufacturing of r-PVC cards leads to a remarkable 43% reduction in hydrocarbon utilization, thereby decreasing petroleum consumption
Nuclear energy powering sustainable power across the world
Though India has advanced in renewable energy capacity addition through wind and solar, considering its infirm nature and low PLF, nuclear energy becomes a much more economical choice for the country.
ICICI Bank’s RE Thrust
ICICI Bank is aligned with the government’s push in areas like renewable energy, green hydrogen, electric mobility, sustainable buildings and water security
5 key principles of new global steel climate standards
In a bid to advance climate strategy, advocate carbon emissions, and reduce greenhouse gas emissions in line with the Paris Climate Agreement’s 1.5-degree Celsius scenario by 2050, the Global Steel Climate Council (GSCC) has established Global Steel Climate Standards (GSCS). The standards are based on the principles of reducing global steel industry GHG emissions, establishing
Railways to set up MRF for waste management
In line with Indian Railways policy, we target to reduce water consumption by 20% by 2023 and have set up MRF (material recovery facilities) for waste management in more than 250 stations
Forests and carbon emissions: the tide will turn
European Union on June 29, 2023, introduced a regulation on deforestation-free products. How this translates into real-world scenario is this: operators trading these commodities in the EU market must have a certificate or legal documents to prove that the products do not originate from recently deforested land or have contributed to forest degradation.
Wipro cloud customers can now monitor carbon footprint
Thousands of Wipro cloud computing customers will now be able to reduce energy usage and also monitor their carbon footprint. One of India’s ten largest ITeS companies, Wipro will leverage its partnership with enterprise data storage solutions company, Pure Storage, for sustainable data centre technology. Wipro cloud customers will have access to Pure Storage’s Pure1
Sebi expands ESG to six new mutual funds schemes
The mutual fund industry in India is all set to embrace more green initiatives. The Securities and Exchange Board of India (Sebi), the market regulator, has issued a circular introducing a new category of mutual fund schemes for Environmental, Social, and Governance (ESG) investing. These schemes fall under a distinct subcategory within the thematic category
10 sustainability lessons from the life of Nelson Mandela
Depending on how one wants to view it, the rift between those who support and oppose climate change action, alleviating poverty and hunger, DEI, and promoting world peace and unity is growing or shrinking. As more data and statistics have become available, our understanding of the problem has expanded and more stakeholders have become involved.
L&T Bags Water & Effluent Treatment Contracts from UP
Very soon, around 50 lakh citizens from the districts of Ballia and Firozabad in Uttar Pradesh will get access to safe and potable drinking water. The Water & Effluent Treatment Business of L&T Construction has secured orders from the State Water & Sanitation Mission to develop a water supply scheme for the Hanumanganj multi-group of
ISSB to take over Corporate Monitoring Responsibility from TCFD
In 2024, The IFRS Foundation’s International Sustainability Standards Board (ISSB) will take over responsibility for monitoring the progress of companies’ climate-related disclosures from the Financial Stability Board’s (FSB) Task Force on Climate-related Financial Disclosures (TCFD). The transfer of responsibilities marks a significant step in the ongoing consolidation of sustainability reporting standards, following the publication last
Puma’s sustainability drive: will source leather from deforestation free supply chains
By 2030, Puma—the third largest sportswear manufacturer in the world, will source all its bovine leather from deforestation free supply chains. The enterprise has signed up for the Deforestation-Free Call to Action for Leather, launched by global non-profits Textile Exchange and Leather Working Group. “This deforestation-free commitment also directly supports one of PUMA’s 10FOR25 sustainability
Need urgent action to embed impact of climate action into risk management
The climate scenario models in the financial services industry (FSI) significantly underestimate climate risk. A new report from the Institute and Faculty of Actuaries (IFoA) created in partnership with the University of Exeter has found that the threat that climate change poses to our planet and society is not always reflected in the economic models
New CSR guidelines for Indian ports
The Government of India (GoI) has announced new corporate social responsibility (CSR) guidelines in an effort to serve the needs of the regional communities residing close to the ports. The endeavor will make the ports not just sustainable workplaces, but also motivate them to follow the ESG framework that aligns with the UN SDGs for
Indian Railways` sustainable transportation initiative
The Indian Railway which has been at the forefront in adopting green technology is planning to operate 35 hydrogen fuel cell trains on the Northern Railway. A pilot project to retrofit a diesel electric multiple unit (DEMU) rake with a hydrogen fuel cell and the related ground infrastructure has already been approved by IR. The
ISSB issues global sustainability disclosure standards
The International Sustainability Standards Board (ISSB) has issued inaugural standards—IFRS S1 and IFRS S2, to drive sustainability-related disclosures in capital markets worldwide. IFRS S1 provides a set of disclosure requirements to enable companies to communicate to investors about the sustainability-related risks and opportunities they face over the short, medium, and long term. IFRS S2 sets
Microsoft adds ESG Reporting, Scope 3 emissions to Sustainability Platform
Microsoft is adding new features to its sustainability platform-Microsoft Cloud for Sustainability. Key capabilities include helping companies meet emerging ESG reporting requirements and regulations, calculating Scope 3 emissions, and collecting and managing ESG data across categories and data sources. Additional features: The additional features include an expansion of Microsoft Cloud for Sustainability’s emissions calculation capabilities
Indian aviation opens wings to sustainability with SAF
The uptake of sustainable aviation fuel aka SAF is on the rise in India.
Deloitte launches Scope 3 emissions calculator
Global professional services firm Deloitte has launched the Scope 3 emissions calculator. The new calculator connects an organizations’ ESG reporting and GRC (governance, risk, and compliance) functions. The new tools include Scope 3 Greenhouse Gas (GHG) report calculator and a dashboard to map emissions for the 15 categories, across the value chain. Other features include
Sustainability now and @2030: The India report card
A new Sustainability at Work survey carried out by Adobe throws interesting insights into the sustainability trends in Indian workplaces. The report also drew a `now global conclusion’ that the youth (between 25 to 34 years and the millennials are driving sustainability practices at the workplace. On their part, enterprises too have embarked on their
PwC to launch nature and biodiversity-focused practice
Global market advisory firm PwC has a series of initiatives aimed at boosting its global nature and biodiversity capabilities. The New Equation: The new initiative follows PwC’s launch in 2021 of its global strategy—The New Equation. This includes: • Plans to invest $12 billion over five years, • ESG as one of the key focus
Adani Green Energy obtains DNV certification for water conservation
Adani Green Energy Ltd (AGEL), the renewable energy arm of the diversified Adani portfolio companies, has been certified Water Positive by DNV, an independent global assurance agency. AGEL’s Water Balance Index for operating plants with more than 200 MW capacity (Tamil Nadu, Rajasthan, Karnataka, Gujarat and Andhra Pradesh), is 1.12 (Positive). The company has surpassed
BIS rolls out new standards for EV charging infrastructure
The Bureau of Indian Standards (BIS) has rolled out standards and tests for EV charging infrastructure, and requirements for battery swapping systems. As of January 23, 2023, India had 5,254 public electric vehicle (EV) charging stations, to cater to 20.65 lakh EVs. The India Energy Storage Alliance (IESA) in its 3rd edition of the 2022
New software to accelerate SMEs’ climate change journey
Energy and automation solutions provider Schneider Electric has launched a new software suite to enable small and medium enterprises (SMEs) to accelerate climate change. Zeigo Activate, the new software suite is aimed at enabling SMEs to track and reduce their climate impact. The tools can help SMEs to measure their emissions baseline, set reduction goals,
Entry barriers!
Entry barriers! I am sure the sentence resonates with my friends in sales and marketing organizations. Does it not? Folks, each one of us—across business categories, across designations including the C-Suite has faced entry barriers. These do not come just from nay-sayers who oppose any new idea or innovation, but a new breed of defensive
Air pollution: BMC pulls up socks
The Brihanmumbai Municipal Corporation (BMC) has constituted a committee of seven members to address the rise in air pollution and the declining AQI in Mumbai. The financial capital of India is feeling the impact of climate change with increased heatwaves, dust storms, unseasonal rains, declining AQI, and air pollution in the last few months. According
GCF, CPF partner for sustainable forests
As the world works to reverse/restrict the harmful impact of deforestation, the Collaborative Partnership on Forests (CPF) has signed a new collaboration partnership. The Green Climate Fund (GCF), one of the world’s largest providers of forest finance, has joined the CPF in a bid to end deforestation and ensure the sustainable management of forests and
Dusting the impact of climate change on Mumbai
Three dust storms in a span of 30 days Unseasonal rains Destruction of seasonal crops Dust particles in the air Rising cases of viral fever Blatant tree felling Unplanned urban infrastructure Unprecedented heat in February Readers, you can add to the list. The impact of climate change has just raised its ugly fang in the
How technology is helping enterprises to embrace sustainability?
Experts are emphasising the significance of sustainable business practices and the importance of sustainability in our daily lives. I want to emphasize the importance of technology.
ICAI joins 12 others to form Sustainability Standards Advisory Forum
The Institute of Chartered Accountants India (ICAI) along with 12 other entities have come together to form a Sustainability Standards Advisory Forum