ICICI Bank’s RE Thrust
ICICI Bank is aligned with the government’s push in areas like renewable energy, green hydrogen, electric mobility, sustainable buildings and water security
5 key principles of new global steel climate standards
In a bid to advance climate strategy, advocate carbon emissions, and reduce greenhouse gas emissions in line with the Paris Climate Agreement’s 1.5-degree Celsius scenario by 2050, the Global Steel Climate Council (GSCC) has established Global Steel Climate Standards (GSCS). The standards are based on the principles of reducing global steel industry GHG emissions, establishing
Railways to set up MRF for waste management
In line with Indian Railways policy, we target to reduce water consumption by 20% by 2023 and have set up MRF (material recovery facilities) for waste management in more than 250 stations
Forests and carbon emissions: the tide will turn
European Union on June 29, 2023, introduced a regulation on deforestation-free products. How this translates into real-world scenario is this: operators trading these commodities in the EU market must have a certificate or legal documents to prove that the products do not originate from recently deforested land or have contributed to forest degradation.
Wipro cloud customers can now monitor carbon footprint
Thousands of Wipro cloud computing customers will now be able to reduce energy usage and also monitor their carbon footprint. One of India’s ten largest ITeS companies, Wipro will leverage its partnership with enterprise data storage solutions company, Pure Storage, for sustainable data centre technology. Wipro cloud customers will have access to Pure Storage’s Pure1
Sebi expands ESG to six new mutual funds schemes
The mutual fund industry in India is all set to embrace more green initiatives. The Securities and Exchange Board of India (Sebi), the market regulator, has issued a circular introducing a new category of mutual fund schemes for Environmental, Social, and Governance (ESG) investing. These schemes fall under a distinct subcategory within the thematic category
10 sustainability lessons from the life of Nelson Mandela
Depending on how one wants to view it, the rift between those who support and oppose climate change action, alleviating poverty and hunger, DEI, and promoting world peace and unity is growing or shrinking. As more data and statistics have become available, our understanding of the problem has expanded and more stakeholders have become involved.
L&T Bags Water & Effluent Treatment Contracts from UP
Very soon, around 50 lakh citizens from the districts of Ballia and Firozabad in Uttar Pradesh will get access to safe and potable drinking water. The Water & Effluent Treatment Business of L&T Construction has secured orders from the State Water & Sanitation Mission to develop a water supply scheme for the Hanumanganj multi-group of
ISSB to take over Corporate Monitoring Responsibility from TCFD
In 2024, The IFRS Foundation’s International Sustainability Standards Board (ISSB) will take over responsibility for monitoring the progress of companies’ climate-related disclosures from the Financial Stability Board’s (FSB) Task Force on Climate-related Financial Disclosures (TCFD). The transfer of responsibilities marks a significant step in the ongoing consolidation of sustainability reporting standards, following the publication last
Puma’s sustainability drive: will source leather from deforestation free supply chains
By 2030, Puma—the third largest sportswear manufacturer in the world, will source all its bovine leather from deforestation free supply chains. The enterprise has signed up for the Deforestation-Free Call to Action for Leather, launched by global non-profits Textile Exchange and Leather Working Group. “This deforestation-free commitment also directly supports one of PUMA’s 10FOR25 sustainability
Need urgent action to embed impact of climate action into risk management
The climate scenario models in the financial services industry (FSI) significantly underestimate climate risk. A new report from the Institute and Faculty of Actuaries (IFoA) created in partnership with the University of Exeter has found that the threat that climate change poses to our planet and society is not always reflected in the economic models
New CSR guidelines for Indian ports
The Government of India (GoI) has announced new corporate social responsibility (CSR) guidelines in an effort to serve the needs of the regional communities residing close to the ports. The endeavor will make the ports not just sustainable workplaces, but also motivate them to follow the ESG framework that aligns with the UN SDGs for
