Page 3 - 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

Aviation minister pitches for sustainable practices, regional connectivity

Civil Aviation Minister K Rammohan Naidu on Monday pitched for sustainable practices in the aviation industry, including the use of sustainable aviation fuel. As part of boosting regional air connectivity, the civil aviation ministry has also identified around 106 airports and airstrips that can be developed for regional flight operations. Naidu said sustainable aviation practices should be promoted that will help in reducing overall carbon emissions and mentioned that some airports are already carbon neutral. Speaking at the conference organised by industry body Ficci, Naidu also said efforts are on to ensure that 1 per cent of SAF (Sustainable Aviation Fuel) is blended with jet fuel for international commercial flights by 2027 and then increase the SAF quantum to 2 per cent by 2028. The global framework for using SAF has been set out by ICAO (International Civil Aviation Organization) under which international flights should use jet fuel blended with at least 1 per cent SAF by ..

RecommerceX raises $3.6 mn from Accel, Kae Capital, to scale recycling

RecommerceX focuses on recovering valuable materials such as metals, plastics, and e-waste

Conceptualising Start-ups in the Sustainability Space

Explore the business and start-up opportunities in the sustainability sector of India with Market Research expert, Mr. K C Mani and get interesting insights on the skills required to build and manage

Passenger vehicle dealers struggle with inventory worth Rs 73,000 cr: Fada

Given the stockpile, carmakers should realign their production around retail figures, according to the Federation of Automobile Dealers Associations

Tata International to nearly double sustainable leather production in 4 yrs

Tata International, the global trading and distribution arm of the Tata Group, on Monday said it plans to increase the production of sustainable leather to 50 pc in the next four years, from 27 per cent at present. The company launched Phoenix Leather, an eco-friendly product under its Earthcare Leather range, Tata International said in a statement. This has been developed through a patented collaboration with the Central Leather Research Institute (CLRI), which marks a significant advancement in sustainable leather technology, it added. "Tata International's Earthcare Leather range aims to lead the sustainable development of the leather industry. Despite lower demand post-Covid, we are now witnessing promising recovery with increased interest from key markets such as the USA, China, and Europe," said P Rajasekaran, Business Head - Finished Leather Business at Tata International. Tata International is one of the largest exporters of leather and leather products in India. "We are .

'No more mugs until thefts stop': Coffee brews trouble at Tesla plant

Tesla's Berlin Gigafactory confronts Ikea coffee cup thefts amid broader controversies over working conditions and environmental impact