Sustainability

IFC commits $150 mn to HDFC's H-DREAM fund for green, affordable housing

The move aims to advance green affordable housing and expand sustainable financing for property developers in India

24 Million Green Jobs by 2030: Here’s How to Get One

In this episode of Manager’s Mantra, Dr. Miniya Chatterji, CEO of Sustain Labs Paris, shares how sustainability is reshaping careers and why B-school grads should take note.

AMG acquires 17.5% stake in Greenko Energy Holdings for $1.4 billion

AMG will own 25 per cent stake, including AMG promoter's current share, in Greenko post-closing of this transaction in July

India key to global transition efforts, says WBCSD CEO Peter Bakker

The sheer size of the Indian economy, its demographic trends and the country's ambitions around sustainability make it a critical geography for global transition efforts, World Business Council for Sustainable Development (WBCSD) President and CEO Peter Bakker has said. Bakker said "India is a strategic focus for WBCSD," and pointed out the Council's work in areas, particularly transport and food, where the country has both major challenges and significant potential to lead. "We're also encouraged by the direction of policy in India," he told PTI in an email interview, highlighting the government's intent in the 2025 Union Budget to scale up investments in electric vehicles, renewable energy, green infrastructure, and the circular economy. Together, these developments create real momentum for business-led solutions, the Geneva-headquartered WBCSD chief said. "Our members are driving the development of data-driven infrastructure and unlocking innovative finance mechanisms to acceler

Microfinance: Indicators show cautious lending, continuing stress in parts

Amid these shifts, CRIF High Mark emphasised that the sector remains on a path of long-term sustainability

87% of Indians choose eco travel: Here's top sustainable travel spots

As sustainability becomes a priority, Indian travellers are increasingly willing to spend more on eco-friendly options

Capacity expansion, focus on growth segment drive BirlaNu volume growth: MD

Focus on growth segments and capacity expansion boosted CKA Birla Group company BirlaNu's volumes in the March quarter and FY2024-25, according to Managing Director and CEO Akshat Seth. BirlaNu reported an 80 per cent surge in volumes for the March quarter, with pipes and construction chemicals driving the momentum, Seth said. Full fiscal year saw a 57 per cent increase in revenue and a 76 per cent rise in volumes, he added. The construction chemicals and pipes manufacturer doubled its AAC block capacity in Chennai to 4 lakh cubic meters per year and launched Parador in India, marking its entry into the home and interior space, Seth said. The company also introduced organic-based stabilisers (OBS) in uPVC pipes, eliminating heavy metals and setting new benchmarks for health and sustainability in potable water solutions. "The transition to OBS technology in our uPVC pipes reflects our focus on reducing environmental impact while delivering the highest quality to our customers," said

Envision Energy unveils India's first race car built entirely from e-waste

Envision Energy and EarthDay.org launch the Recover-E, India's first race car made from discarded electronics, to raise awareness of e-waste and circular design

Oman eyes Indian tourists to boost sustainable tourism under Vision 2040

Oman is ramping up efforts to attract international tourists, including Indians, to meet its goal of approximately 11.7 million visitors annually by 2040 as part of its sustainable tourism strategy, a top Omani official said here. Highlighting the deep historical ties between Oman and India, Mohamed bin Mahmoud al Zadjali, adviser to the Minister of Heritage and Tourism for Engineering Affairs, noted that Indian tourists are a key visitor group. The collaboration between Oman and India is historically significant. We rely heavily on Indian tourists, who are among our primary visitor groups consistently exploring various locations in Oman, Zadjali told PTI Videos. Oman is promoting corporate travel and destination weddings, targeting the 'Meetings, Incentives, Conferences, and Exhibitions' (MICE) sector to build a loyal client base in India. The sultanate welcomed around 6,00,000 Indian tourists in 2023 about 15 per cent of total tourists that year reinforcing India's role as a vi

India's millet moment: A holistic shift from paddy to sustainability

As of now, paddy has the largest area under cultivation in India, and agricultural input subsidies are skewed towards paddy production

Govt, industry must boost green aviation fuel with incentives: SpiceJet CMD

The government and industry have to come together and create a "significant incentive and logistic structure" for the production of sustainable aviation fuel (SAF) to help reduce carbon emissions, SpiceJet CMD Ajay Singh said on Wednesday. Discussions have been held with the Prime Minister's Office for allotment of spaces near airports for SAF refineries to save on transportation costs, and also with oil marketing companies, including IOC, BPCL and HPCL, to build a mini refinery for SAF production in their existing refineries, he added. "I think one of the things that we need to do is to have these SAF refineries, which are relatively simpler, probably closer to airports. If you're really serious about it. We've had this discussion with the PMO as well, that, can you allot spaces, which are close to airports so that the transport cost, which is the largest part of that cost, because you know you have to address these issues," Singh said. The SpiceJet CMD said at that some point the

Smart Cities Mission needs to adopt sustainability, urban local bodies

The concept of "Smart Cities" is based on the principle of harnessing data-based smart solutions to enhance ease of living for its residents

Luxury industry needs to adopt climate-friendly practices: Experts

Climate change is a pressing challenge for the luxury goods industry, and businesses have to adopt environment-friendly practices to address this issue, entrepreneurs and experts say. They added that the luxury industry views sustainability as the future of high-end businesses, and companies that prioritise ecology will gain long-term benefits. "Climate change is staring at each of us and environmental consciousness and responsible actions by people and businesses can help both the ecology and the economy," they said at the 'Sasmrti - The Responsible Luxury Roundtable' here. The deliberations were organised by Shweta Thakur Nanda, and Gautam Gupta, co-owner of luxury fashion brand 'Asha Gautam'. Speaking at the function, Blossom Kochhar, Chairperson, Blossom Kochhar Group of Companies, said that the industry must act and live sustainably not just for "ourselves but for our future generations". Sharing similar views, Lipika Sud, Founder Director of LIpika Sud Interiors, said that t

Sebi includes Green Credit Program under BRSR framework

Capital markets regulator Sebi on Friday decided to include disclosure pertaining to the 'Green Credit Program' by listed companies under the Business Responsibility and Sustainability Reporting (BRSR) framework. The Green Credits can be generated by a listed company and its value chain partners through plantations of trees on waste or degraded lands and river catchment areas. In its circular, Sebi said that 'green credits' generated by the listed company and their top 10 value chain partners can be added as a leadership indicator under Principle 6 of BRSR, which states that businesses should respect and make efforts to protect and restore the environment. This new requirement will be applicable for BRSR disclosures starting from FY 2024-25 and onwards. The disclosure is also in line with the Ministry of Environment, Forest and Climate Change notification issued in February 2024. In addition, Sebi has redefined 'value chain partners', which now encompass the upstream and downstrea

BluPine Energy secures Rs 1,787 cr funding from NaBFID

BluPine Energy on Tuesday said it has secured Rs 1,787 crore in funding from the National Bank for Financing Infrastructure and Development (NaBFID). The collaboration with NaBFID will help in lowering debt servicing costs, improving cash flow, and enabling financial flexibility, BluPine said in a statement. "BluPine Energy has successfully closed a structured financing deal of Rs 1,787 crore with NaBFID to strengthen renewable energy portfolio," it said. The funds will be deployed towards repowering existing solar assets, enhancing their efficiency and operational effectiveness, the company added. The financing will drive long-term portfolio expansion, improving the internal rate of return (IRR) and supporting BluPine Energy's sustainability goals. BluPine Energy CEO Neerav Nanavaty said, "This transaction strengthens our financial foundation, allowing us to scale operations while contributing to India's renewable energy goals". BluPine Energy is a leading renewable energy servi

India's green buildings thrive, but its cities remain unsustainable

Indian metropolises need a sustainability reset -green buildings alone won't fix urban planning that forces people to spend hours commuting to get to them

SDGs hard to achieve without meeting climate agreement goals: IPCC chair

With temperature having exceeded 1.5°C last year, if only temporarily for the moment, the world is entering a zone where the risks of climate change are high

PM Gatishakti proves fast transport can be sustainable too: Former US judge

India's PM Gati Shakti initiative demonstrates that the country with the biggest population can have faster modes of transportation if attention is given to best and sustainable practices, Michael Wilson, former Supreme Court Judge of Hawaii, USA, said on Monday. PM Gati Shakti national master plan initiative was launched in October 2021 for integrated and planned development of critical infrastructure projects to reduce logistics costs. After visiting PM Gati Shakti Experiential Centre at Bharat Mandapam here, Wilson said it "shows that the country with the biggest population can have faster modes of transportation if attention is given to best and sustainable practices". He added that the experiential centre captures the talent, expertise and entrepreneurial spirit of the country to grow its economy that is sustainable. The centre is a modern audio-visual museum for the initiative and the One District One Product (ODOP) scheme. Using cutting-edge technologies like a 270-degree .

IFC invests Rs 860 crore in Cube InvIT's sustainability-linked bond

Earlier, the InvIT completed the acquisition of 100 per cent equity shareholding of NAM Expressway at a consideration of Rs 717.60 crore on February 12, 2025

Motherson partners with Japan's Sanko for sustainable packaging solutions

Auto components major Motherson on Friday said it has entered into a joint venture with Japan's Sanko, a player in material handling sector to provide sustainable packaging solutions in India and Europe. The joint venture (JV) will contribute to greater efficiencies in material handling with cost reduction in overall logistics spending, Motherson said in a statement. This partnership with Sanko is a strategic, synergistic diversification for the group, Motherson Chairman Vivek Chaand Sehgal said. "We believe that reimagining packaging as an engineered solution versus a simple commodity can bring immense logistics, cost, and value efficiencies to supply chains," he said. More importantly, Sehgal said, "We see this collaboration as another way to support our customers in achieving their sustainability goals." Sanko President Toshihiko Goto said, "We believe we can contribute more to Motherson's and our valuable customers by combining Motherson's strong global presence and our long .