Indian firms like L&T, ITC step up green goals with bigger renewable, recycling, and net-zero commitments

Economic Times
Economic Times
2w ago • 19 views
Companies like L&T and ITC are ramping up their sustainability efforts by committing to renewable energy and net-zero goals. This shift is crucial for India's carbon reduction targets.
Indian firms like L&T, ITC step up green goals with bigger renewable, recycling, and net-zero commitments
A What happened
Several Indian firms, such as L&T, ITC, and Genpact, are significantly increasing their sustainability efforts. These companies are adopting renewable energy, enhancing recycling programs, and committing to net-zero emissions. For instance, L&T aims for carbon neutrality by 2040 and water neutrality by 2035. ITC is focusing on reducing plastic use and improving waste management. Genpact has modernized its infrastructure to save energy and is promoting water conservation through zero-liquid discharge systems. Titan Company has launched Project Pragati, targeting net-zero carbon emissions by 2030. These initiatives are part of a broader effort to meet India's carbon reduction commitments by the end of the decade.
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Key insights

  • 1

    Increased Renewable Energy Use: Companies are adopting renewable energy sources to reduce carbon footprints.

  • 2

    Commitment to Net-Zero Goals: Firms are setting ambitious targets for carbon neutrality and sustainability.

  • 3

    Waste Reduction Initiatives: Efforts include recycling and minimizing single-use plastics in operations.

Takeaways

The commitment of Indian firms to sustainability is crucial for achieving national carbon reduction targets. Their initiatives reflect a growing recognition of the importance of environmental responsibility in business practices.

Topics

Business & Markets Economy Climate & Environment Sustainability