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Indian Companies to Become More Sustainable

Indian Companies to Become More Sustainable

THE Hindustan Times (HT) reports many Indian businesses will follow the sustainable example set by large businesses in reaching a national target of 25% reduction in carbon intensity by 2020.

A batch of companies became part of the 2009 India Greenhouse Gas Progam, including Godrej & Boyce, whose chairman Jamshyd N Godrej, told the HT: ”There are about 100 companies getting their carbon emission measured on a voluntary basis today. Our target is to get at least a 1,000 companies in the next three years.

"Measuring of emission in our production and supply chain systems are important to bring it down significantly over time.

"At some stage the international agreement on carbon reduction will come into force. And then the government will make mandatory emission cuts and existing emission norms will become tighter.

"It is very much in the interest of companies that you reduce carbon emission. You save money by using less energy," Godrej concluded.

The HT also report that the Indian Bureau of Energy Efficiency has initiated a scheme for 500 units in the energy-intensive sectors such as oil and gas, power, steel and cement to trade benefits of carbon reduction among themselves. "It will take some time to gain traction, but will help bring down average carbon emission," said Godrej.

The other businesses setting the lead in India are Infosys, ITC, Tata Chemicals, NTPC, GAIL, Hindustan Construction Company (HCC), Jet Airways, Ambuja Cement, Yes Bank and Ford Motors.

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Picture of Jamshyd N. GodrejBy World Economic Forum from Cologny, Switzerland [CC-BY-SA-2.0], via Wikimedia Commons

Monday 17th March 2014