Sustainability

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 .

Adani visits Prayagraj, says Kumbh a blueprint for sustainable civilisation

Fresh from paying a visit to Maha Kumbh Mela in Prayagraj, billionaire Gautam Adani on Monday said the world's largest human gathering is not just religious but a blueprint for sustainable civilisation. "As India marches towards becoming a global superpower, we must remember: our strength lies not just in what we build, but in what we preserve," he said. "The Kumbh isn't just a religious gathering it's a blueprint for sustainable civilisation." In a blog on LinkedIn, he said the Kumbh Mela is a reminder for that true scale isn't measured in balance sheets but in positive impact on human consciousness. "In the Kumbh, we see the essence of India's soft power - a power not rooted in conquest but in consciousness, not in dominance but in service. India's true strength lies in its soul, where growth is not just economic power but a confluence of human consciousness and service. "This is the lesson Kumbh teaches us - that true legacy is not in structures built, but in the consciousness

JK Tyre receives $100 million sustainability-linked loan from IFC

JK Tyre & Industries on Tuesday said it has received a USD 100 million sustainability-linked loan from the International Finance Corporation (IFC). The funding includes USD 30 million for JK Tyre and up to USD 70 million for Cavendish Industries Ltd (CIL), a subsidiary of the company, the tyre maker said in a statement. The funding will support the company's expansion of passenger car radial (PCR) tyre capacity at the Banmore plant in Madhya Pradesh, it added. The capital would also be utilised to expand truck and bus radial (TBR) production capacity at CIL's Laksar plant in Uttarakhand, it added. The initiative aims to promote energy-efficient tyre production, strengthen local supply chains, and create jobs, JK Tyre said. "By aligning financing to sustainability goals, we aim to drive positive environmental and social impact while achieving our growth objectives," JK Tyre & Industries Chairman and Managing Director Raghupati Singhania said. "This reaffirms our commitment to ..

Gadkari holds talks with Singapore Prez, discusses sustainable fuel options

Gadkari further noted that both sides agreed to explore further collaboration in sustainable aviation fuel, green hydrogen, and ammonia

Barclays Bank's sustainability chief Barlow exits in latest reshuffle

Barlow, who was responsible for leading Barclays' efforts to align with world's goal of limiting climate change, retired at the end of 2024 to pursue a portfolio career

IFC invests Rs 630 cr in NDR InvIT to bolster sustainable warehousing

India's warehousing sector is crucial for economic growth, supporting e-commerce, manufacturing, and the seamless movement of goods across industries, said Imad Fakhoury, IFC's Regional Director

Warmup Ventures launches Rs 300 cr fund to back early-stage startups

Second fund by venture capital firm will invest in sectors like deep tech, climate, sustainability

$319 billion ESG bond market tumbles; bankers, investors left in lurch

Companies and government bodies have so far raised $37.6 billion via the instruments, known as SLBs, about 46 per cent lower than in all of 2023