Page 2 - Sustainability

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

Sustainability playing important role in global trade discussions: Official

New elements related to sustainability, inclusivity and security are now playing an important role in global trade discussions and they would dictate the future talks, a senior official said on Tuesday. Additional Secretary in the Department of Commerce L Satya Srinivas also emphasised on the importance of adopting a holistic perspective on the commercial significance of free trade agreements (FTAs) for the country. "On the plate of trade, there are vast new dimensions getting added...How do we deal with those new dimensions...These new regulations and new focus areas of present will dictate our trajectory towards the future," he said at CII's Partnership Summit here. Earlier in trade discussions, the main issues which used to figure included reduction or removal of customs duties and non-tariff barriers. In addition to these, now "new dimensions are coming into the trade play which is sustainability and security induced," he said, adding these issues like environment and labour ar

Most airlines not switching quickly enough to sustainable jet fuel: Study

A lack of investment by major oil players, who have the capital to build SAF processing facilities, is hampering the market's growth, the study says

Goyal calls for sustainable consumption pattern to cut carbon footprint

Commerce and Industry Minister Piyush Goyal on Monday called for promoting sustainable consumption patterns to cut carbon footprint and resolve issues of environment. He said that people of the world would have to focus on consuming products which are environmentally sustainable. "We need to be conscious of the waste and carbon footprint due to our current lifestyle patterns. This is going to be a core of a better future for the world. Unless we address the consumption patterns, we are not going to resolve sustainability and environmental challenges," Goyal said. The minister was addressing CII's Partnership Summit here. He added that environmental challenges are not a function of the carbon emitted through manufacturing, but "it is a greater function of the carbon caused by (our) consumption because manufacturing comes only because there is a consumption demand". He suggested managing that demand in a better and more sustainable way. Speaking at the event, M K Nir Barkat, Minist

Ola Electric's Bhavish Aggarwal declares a price war in e-scooters

But he faces questions over sustainability and a new challenge from Honda

Building cities of the future: Livability, sustainability, and governance

Sustainability is effective when strategies are consciously aimed to create and preserve cities while catering to the needs of the people

Sustainability summit: Six water sanitation startups win Rs 25 lakh each

For 29-year-old Shilpa K Nayana, nothing, not even her four-month-old baby son, Rio aka Rayan Nayana Arjun, could come in the way, as she pitches her already award-winning project Jalam, at Karnataka Water and Sanitation Sustainability Summit held in Bengaluru. She was among the 20 startup social entrepreneurs shortlisted from 119 applications to pitch their project at the summit on October 29. As the summit wound up late in the evening, six of the 20 were announced as winners of a grant of Rs 25 lakh and a chance to pilot their innovations in collaboration with the Department of Rural Development and Panchayat Raj (RDPR). Nayana's project Jalam, a low-cost water filtration technology that can be used at household level as well as community level, was among the six chosen projects. "The working cost for decontamination of water with my filter that uses nanotechnology is as low as Rs 2 per litre," said the social entrepreneur who envisioned Jalam as her final year project when she w

Framework on sustainability for textile industry on cards amid global focus

The ministry of textiles is preparing the framework and has been in consultations with the industry to take into consideration its views

Indian manufacturers eye 2-3x profit growth with Industry 5.0: PwC report

Nearly half of Indian manufacturers said they invested in supply chain resilience with real-time analytics. Over 50% of them focus on sustainability, and 46% on strengthening cybersecurity

Tamil Nadu's auto manufacturing sector faces severe climate risks: CII

The risk assessment was carried out as part of CII's new framework, 'Building Climate Resilience for Indian Industry', which aims to help businesses identify and address climate-related threats

$8 trn opportunity in sustainable cooling for developing economies: Report

The cooling market in developing economies is expected to grow from around USD 300 billion to USD 600 billion, at least, per year by 2050, according to a new report. The report by the UN Environment Programme (UNEP)-led Cool Coalition and International Finance Corporation (IFC) said the fastest growth in cooling is expected in Africa, which will see the market multiply by a factor of seven, and South Asia, which will quadruple in size. The report titled "Cooler Finance: Mobilizing Investment for the Developing World's Sustainable Cooling Needs" also called for prioritising passive, energy-efficient, environmentally friendly, and economically viable cooling solutions. It said that about two thirds of emissions related to cooling in 2022 came from developing countries and this share could grow above 80 per cent by 2050. This is due to population growth, economic expansion, and urbanisation. The report found that sustainable cooling technologies can slash cooling-related emissions by

India, US should aim to enhance agricultural productivity: ITC official

India and the US should aim to enhance agricultural productivity, improve food distribution system, and ensure the usage of sustainable practices to strengthen ties in the agri sector, a senior ITC official said. Both countries should leverage their respective strengths and forge strategic partnerships in the sector, ITC Agri Business Division V P Sanjeev Bhat said at an event here. "The US and India should aim to enhance agricultural productivity, improve food distribution system and ensure sustainable food security solution," he said during a panel discussion in the Indo-US Economic Summit organised by the Indo-American Chamber of Commerce (IACC). Now, India majorly exports seafood, rice and plants to the US and this trade is growing at a three-year CAGR of 20-30 per cent, Bhat said. Currently, India and the US do not have any trade agreement, however, starting from January 2024, both countries have established a Trade Policy Forum (TPF) for trade promotions. The US is the secon

At UN summit, India calls for global shift to sustainable lifestyles

Adopting sustainable lifestyles could tackle many of the challenges posed by climate change and global success is more likely if affordable solutions are offered, India has said at the United Nations "Summit of the Future". Addressing the summit in New York on Friday, Leela Nandan, secretary in the Union environment ministry, also said that climate change discussions often focus solely on emission reductions, but "we are more likely to succeed if we offer affordable solutions, not simply impose decisions". The Summit of the Future brings together world leaders, policymakers and other stakeholders to discuss global challenges and strengthen multilateral cooperation to tackle emerging threats. Citing an estimate by the International Energy Agency, Nandan said, "If we were to put our actions into the right context in terms of saving energy, saving water, reducing waste, reducing e-waste, adopting sustainable food systems, we would have reduced annual global emissions by 2 billion tons

All should work for sustainable water management: Water resources secy

Achieving sustainable water management cannot be done by governments alone, a senior Jal Shakti ministry official said on Monday while emphasising the need for cooperation from industries, academia and civil society on the matter. A day ahead of the start of the eighth edition of India Water Week, Secretary of Water Resources, River Development and Ganga Rejuvenation Debashree Mukherjee said, "It is an effort to bring together multiple stakeholders, to look at, learn from each other and also try and find solutions to the issues facing us." The event, held once every two years, brings together various stakeholders from diverse fields to discuss sustainable water management. This year, the event will start on September 17 and continue till September 20. "This year, the theme is 'Partnerships and Cooperation for Inclusive Water Development and Management,' which underscores a fundamental truth that achieving sustainable water management cannot be done by governments alone. Water needs