The Importance of ESG in India: A 2024 Perspective. As we enter 2024, the significance of Environmental, Social, and Governance (ESG) principles in India has never been more pronounced. In a rapidly evolving global landscape, integrating ESG into business practices is not just a trend but an imperative for sustainable growth and responsible stewardship. The convergence of economic ambition with environmental consciousness has placed India at a critical juncture where embracing ESG can catalyse transformative change across industries. A Catalyst for Sustainable
The India Plastics Pact is a collaboration between WWF India and CII—anchored at the CII-ITC Centre of Excellence for Sustainable Development (CESD), and supported by WRAP, a global NGO based in the UK. WRAP is providing operational and technical support to many other Plastics Pacts, as well as running the UK Plastics Pact. The Plastics Pact envisions a world where plastic is valued and does not pollute the environment. The India Plastics Pact is an ambitious, collaborative initiative that aims to
Procter & Gamble Co (PG.N) has lofty goals for cutting its environmental impact by 2030 but obtaining recycled plastic for more sustainable packaging is challenging, the company’s vice president of global sustainability said at the Reuters Next conference. Global supply chain issues are making obtaining environmentally sound packaging materials more difficult, Jack McAneny said on Friday, as the consumer goods giant scrambles to meet the demands of an increasingly eco-conscious consumer base. Read More at (Source)
PureCycle Technologies, Inc. (Nasdaq: PCT) announced the first product made from PureCycled plastic has launched. The first-of-its-kind sustainable plastic shower dispenser was brought to market and sold by EC30 and made from PureCycle’s ultra-pure recycled plastic transformed from trash found in the bins of U.S. stadiums. Bringing an ultra-pure recycled plastic product to consumers marks a milestone for PureCycle and changes the sustainable products game. Mike Otworth, CEO, PureCycle, said, “There is no
New packaging models impact the cost of operations as it increases by about 20-25% depending upon the segment.
Single-use consumer habits continue to pose a threat to the environment — particularly in the context of plastic packaging. According to the World Economic Forum, only 14% of plastic packaging is collected for recycling globally. Moreover, by 2050 the carbon footprint of plastics is expectedDuring the ongoing Myntra Big Fashion Festival, bubble wraps, plastic cello tapes and polycovers have been replaced with shredded materials and paper tapes/covers/boxes. In an attempt to reduce plastic waste, Myntra, India’s leading fashion and lifestyle e-commerce brand, has implemented plastic-free packaging for its ongoing edition of Big Fashion Festival that is being held from October 3-10. In addition to its own supply chain, Myntra’s seller partners have also adopted the green packaging defined by the platform. This milestone is a
PepsiCo will cut back on the use of virgin plastic and expand its SodaStream sparkling-water business to more markets amid growing calls from consumers, clients and climate change advocates to combat plastic waste. As part of a new initiative called “pep+”, the Lays chips and Pepsi maker said on Wednesday it aims to reduce virgin plastic use per serving by half across all brands by 2030, and use 50% recycled content in all its plastic packaging. Read the full article here:
The amount of plastic pouring into our oceans is set to triple by 2040, and the bulk of the un-recycled plastic in the world is generated by an enormous industry: consumer packaged goods (CPG). The world is rife with waste from such goods, but as people become more aware and look to minimize the waste they produce, tech startups are coming up with novel solutions to help people and companies meet their sustainability goals. “People want to behave sustainably,
After creating a nationwide stir in 2018, the conversation on eliminating single – use plastics is back on! PM Narendra Modi initiated serious conversations to release guidelines in order to phase out the use of single-use plastics and pushed the Environment and Forest Ministry (moEFCC) on their lack of progress. MoEFCC may release the final draft of the definition of Single-use plastics and timeline to eliminate SUPs as early as next week! What do you think will be a part of
Source: https://inshorts.com/en/read Mukesh Ambani’s Reliance Industries has sourced the world’s first consignment of carbon-neutral oil from Oxy Low Carbon Ventures (OLCV), a division of US oil firm Occidental. “This is the energy industry’s first major petroleum shipment for which greenhouse gas emissions associated with the entire crude lifecycle, well head through the combustion of end products, have been offset,” OLCV said.