SUSTAINABILITY GOALS
Green bonds - Municipal bodies think change, climate change
Brihanmumbai's ₹10,224 crore FY25 climate budget signifies Indian municipal bodies' shift to sustainability. With Solapur, Vadodara, Bhopal, Indore, and Pimpri-Chinchwad leading green initiatives, CEO Masood Mallick highlights Swachh Bharat Mission, regulatory evolution, and public-private partnerships. NGT's environmental compensation emphasizes compliance, increasing the need for green financing.
MSMEs are on sustainability path but profitability focus can make the move faster
MSMEs contribute a big part to India’s manufacturing output and hence, it becomes critical they adopt energy-efficient technologies to reduce operational costs.
Indian Army propels towards zero-emission by introducing 113 electric buses
The Indian Army has acquired 113 electric buses for troop transportation, aligning with the government's green initiatives. These 40-seater buses, with a range of 250 kilometers, are meant for plains and semi-hilly areas and are in the trial stage. This procurement supports India's zero-carbon emissions directive and highlights the military's commitment to eco-friendly solutions. The initiative reflects India's leadership in sustainable practices and innovation, encouraging other sectors to follow. The Indian Armed Forces are now blending national security with environmental stewardship for a greener future.
Must accelerate action for sustainable development goals: UN Secy General
The Sustainable Development Goals face challenges due to the COVID-19 pandemic, conflicts, and climate change. Urgent global cooperation is needed to address rising poverty, conflict casualties, and displacement. Despite progress in renewable energy, more action is crucial for a just energy transition to achieve the SDGs by 2030.
Only 17% of targets to improve life around the world are likely to be reached by 2030, UN reports
Despite incremental progress in some areas, global sustainable development remains hindered by slow advancement and persistent challenges. Efforts in expanding technology access and renewable energy capacity show promise, but significant work is needed to address issues like gender equality and education to achieve the 2030 goals.
How MSMEs are spearheading the digitisation of energy space
Whether it's a smart fuelling station in Mumbai or an AI-driven oil rig in Gujarat, MSMEs are spearheading a digital transformation that promises to redefine the country’s energy future and drive sustainability in the Indian economy.
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Flying to Europe? This major airline is latest to introduce an environmental cost surcharge
Lufthansa has introduced an environmental charge on fares, aligning with EU regulations to reduce emissions. Surcharge of up to 72 euros to be applied on flights, offsetting costs of sustainable aviation fuel.
Aligning business goals and decoding employee behaviour: A modern strategy for MSMEs
Alignment between business goals and employee behaviour is not a one-time effort but an ongoing process that requires continuous attention and adjustment.
Indian law firm SNG & Partners collaborates with Singapore-based ESG firm Snowkap
Mumbai-headquartered law firm SNG & Partners has partnered with Snowkap, a Singapore-based ESG firm, to support global organizations in their sustainability journey. Led by chairman Rajesh Gupta, SNG & Partners has analyzed over 4,000 ESG data points from Indian laws, integrating with Snowkap's capabilities. Co-founders Rajesh Patel and Giri Krishnaswamy highlight the transformative impact of this alliance on reshaping ESG commitments.
IKEA gears up for Delhi-NCR launch with strengthened supply chains, better demand forecasting
With an eye on its launch in the Delhi NCR market early next year, the Swedish furniture retailer is looking to corner a bigger chunk of India’s market pie.
How to create a successful green career: Read what experienced professionals have to say
The green industry is booming with opportunities for young professionals seeking fulfilling careers. Insights from industry experts reveal the motivations behind choosing green roles, the evolving scope of sustainability positions, educational requirements, salary expectations, and challenges faced in navigating this dynamic sector.
India, US, 12 others likely to ink pact today to meet climate financing goal
India, the US, and a dozen other nations are poised to sign a Clean Economy Agreement under the Indo-Pacific Economic Framework, aimed at meeting climate objectives through collaborative financing. The agreement, to be signed at a Singapore meet, focuses on improving market conditions and reducing barriers for low-carbon projects. While the pact is in its final stages of approval, experts caution against allowing imports of genetically modified seeds and foods under the guise of food security.
Job demand in renewable energy sector surges 23.7 pc in FY24: Report
The renewable energy sector is seeing a rise in demand for roles like solar PV technicians, wind turbine installers, roofers, and storage operators, in addition to a decline in attrition rates to 33.5% in FY24.
Renewable industry workforce addition accelerates, attrition slows: Teamlease data
Strong growth in headcount underscores sector's expansion to meet global renewable energy targets and increasing demand for skilled workers
Stock market rally predictions after Lok Sabha election results create frenzy but investors must remember this key point
True optimism should extend beyond immediate gains. A sustainable investment journey requires diligent planning, thoughtful strategy, portfolio diversification, and patience amidst market fluctuations. By embracing these principles, investors not only mitigate risks, but also position themselves for longterm growth through compounding returns.
"If we work together, India can achieve all SDGs by 2030" says Ajay Piramal at CII Annual Business Summit 2024
Underscoring the rapid progress expected over the next two decades, he said, "Let's say in 2047, we'll have - we'll be the third-largest economy, maybe a USD 40 billion economy. Even now, in the next - I think by 2029, we'll be the third-largest economy. So only the U.S. and China will be ahead of us. So that's a big progress the country is making."
3GV by Rx Propellant receives the World’s first ‘IFC-EDGE Advanced’ Certified Speculative Life Sciences Building
Rx Propellant that specialises in life science real estate projects across India has portfolio in Hyderabad, Bengaluru, and Mumbai. The company has taken the helm in developing 3GV as a flagship life sciences and pharma centre, with a total built-up area of 150,000 sq. ft.
Global debt crisis impacting nearly 95 countries: G20 Sherpa Amitabh Kant
G20 Sherpa Amitabh Kant emphasized the challenges posed by the Russia-Ukraine war and tensions in the Middle East for global stability and economics. He stressed the need for urgent action to pursue inclusive and sustainable growth strategies in the face of a global debt crisis affecting nearly 95 countries, while maintaining focus on achieving the Sustainable Development Goals (SDGs) by 2030.
Infosys collaborates with AEEE, IIHS to decarbonise India’s commercial building sector
Infosys, AEEE, and IIHS collaborate on 'ASSURE' to decarbonize India's commercial building sector, aiming for 100 million sq. ft. of high-performance buildings by 2030. The initiative includes experts, lighthouse projects, and engagement with financial institutions.
AMPIN Energy Transition secures $35 million funding
AMPIN Energy Transition announced securing funding of USD 35 million (over Rs 292 crore) from responsAbility, a Switzerland-based impact asset manager. The investment will support AMPIN in various projects across its special purpose vehicles (SPVs), particularly in the commercial and industrial (C&I) solar segment. These projects encompass sectors such as manufacturing, auto, pharma, healthcare, FMCG, and data centers.
India's Panchayati Raj system highlights strides made in women's leadership: Ruchira Kamboj
India's Permanent Representative to the UN, Ruchira Kamboj, highlighted the significant progress in women's leadership within India's Panchayati Raj system. Speaking at a #CPD57 side event, she praised the system's decentralised power structure, facilitating active participation from all residents through the Gram Sabha. Kamboj noted the constitutional amendment mandating one-third of all elected roles be reserved for women, leading to 50% representation in 21 states. She emphasized women's transformative impact, integrating gender considerations into local planning for inclusive and sustainable outcomes.
ADB open to funding space sector in India: VP Bhargav Dasgupta
The Asian Development Bank is open to funding the space sector in India in addition to focusing on climate finance to mitigate the associated risks, said its Vice President Bhargav Dasgupta on Friday. ADB has done some projects in satellite in the Asia Pacific region, but has not provided any assistance in the Indian space sector.
India, Norway extend health cooperation with 4th phase of NIPI
A health initiative between Government of India and Government of Norway, the Norway India Partnership Initiative (NIPI) Phase 3 builds on experiences from NIPI 1 & 2 and focuses on areas of Maternal, Newborn and Child Health.
Tata Comm taking sustainable route for $1 billion fundraising goal
Bank of America advises Tata Communications on a $1 billion fund framework incorporating ESG standards. The funds will refinance existing loans, structure fresh loans, and offer pricing benefits tied to environmental, social, and governance targets.
ESG goals transitioned from mere discussions to essential elements in corporate landscape: Alok Verma, Ashok Leyland
ESG is impacting the business strategy of OEMs in multiple ways from demonstrating product stewardship on alternative fuels or battery electric vehicles to adopting better practices across operations.
From digital literacy to women entrepreneurship: How Nasscom Foundation is championing technology for social good and SDG push
Nasscom Foundation is focused on driving social change through technology, and its broad spectrum of initiatives are aimed at holistically harnessing technology for social innovation, says Nidhi Bhasin, CEO.
A Vinner t akes-it-all agreement
As the world's most populous country, with remarkable growth and ambitious sustainability goals, India is wise choice as a trading partner to accomplish green growth. With an annual growth of 7.5%, it certainly is the locomotive among the world's largest economies. Research and history have proven that trade agreements result in mutual trade increase 50-150% within a decade. So, in 10 years from now, we are potentially looking at more than doubling of trade between India and Norway.
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