Large Indian companies have made a commitment to go carbon-free; Find out here when they plan to reach the goal

At the COP26 summit which was held recently in Glasgow, in addition to governments, several companies also pledged to become carbon-free, by setting ambitious deadlines. Essentially, this means that these establishments will reduce emissions or balance new emissions by using natural carbon sinks like forests and oceans to absorb them.

In recent years, many large companies in India and other economies have announced plans to completely reduce their greenhouse gas emissions.

Here are the Indian giants who plan to go net-zero in the future:

Trusted industries

In June of this year, Mukesh Ambani, owner of Reliance Industries, announced his intention to go carbon-free by 2035. “We have no choice as a company, as a company but to adopt truly a sustainable business model, ”Ambani said. He added: “The green push will mean transforming and integrating our businesses in the future. “

Tata Consulting Services

India’s largest exporter of software services, Tata Consultancy Services, aims to achieve net zero emissions by 2030. It will meet the target incrementally. The company will reduce, by 2025, its absolute greenhouse gas emissions in scopes 1 and 2 by 70%. “We are in a unique position to combine our goal-driven worldview with digital innovation to not only foster our own sustainability, but also partner with customers, civil society and governments to lead and shape solutions. for a sustainable future, ”said NG Subramaniam, Chief Operating Officer and Executive Director, Tata Consultancy Services.

Mahindra & Mahindra

India’s leading automaker, Mahindra & Mahindra (M&M), has announced its commitment to become a carbon neutral company by 2040. The company headed by Anand Mahindra has said it will focus on “fuel efficiency” and “the use of renewable energy” to achieve the target. He adds that “residual emissions will be treated by carbon sinks”.

TIC

Multi-company conglomerate ITC has announced plans to meet 100% of its energy needs from renewable sources by 2030. The company’s vision statement says it will implement “digitization to large scale ”and“ will enter into inter-sectoral collaborations and partnerships ”to decarbonize its energy consumption.

Earlier in March, ITC Hotels announced that the United States Green Building Council recognized ITC Windsor, based in Bengaluru, as the first hotel in the world to achieve LEED Zero Carbon certification.

Adani Group

Indian billionaire Gautam Adani plans to increase his conglomerate’s renewable energy capacity five-fold by 2030 and turn his business into carbon negative. In September, Adani announced that he would transform the ports under his control to net zero carbon by 2025. He also pledged to invest $ 20 billion over the next 10 years in renewable energy production and the manufacture of components. Adani also aims to produce the world’s cheapest green electricity by 2025.

Indian railways

Indian Railways plans to become the world’s first net-carbon rail network by 2030. Currently, it is one of the largest users of electricity in the country, consuming an estimated 18,410 million people. units (MU) for trains and 2,338 MU for its offices, stations and other establishments. Indian railways spend almost Rs 11,045 crore annually on electricity bills.

Wipro

IT major Wipro announced in April that it aims to achieve zero net greenhouse gas emissions by 2040. It also set an interim target of 55% reduction in greenhouse gas emissions from by 2030. The Bangalore-headquartered company also said it has steadily reduced its impact on energy, water, waste and biodiversity over the past two decades.

Dalmia cement

Puneet Dalmia, Managing Director of Dalmia Bharat Group, announced plans to make his company the first cement company to become carbon neutral by 2040. Dalmia said the company is constantly seeking to reduce its dependence on fossil fuels and move towards sustainable and profitable growth. .

(Edited by : Thomas abraham)


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Margie D. Carlisle