Indian Industry Unites to Combat Climate Change with CII Climate Action Charter
Indian industry is stepping up to combat climate change, with major companies signing the CII Climate Action Charter. The charter, based on four core principles, aims to help businesses develop long-term goal setting strategies to build resilience and facilitate sectoral climate actions.
The charter, signed by prominent companies such as Tata Steel, Godrej, and Mahindra Group, commits to smart goals like achieving carbon neutrality, reducing greenhouse gas emissions, adopting renewable energy, and integrating sustainable practices into operations. These commitments align with India's ambitious targets to achieve zero net carbon emissions by 2070 and meet 50% of its electricity requirements from renewable sources by 2030.
To achieve these smart goals, strategies include promoting a circular economy approach, sustainable supply chains, sustainable farming and forestry practices, a robust domestic carbon credit market, and climate education. These strategies aim to minimize environmental impact while maximizing economic and social benefits, fostering sustainable industrial development.
With over 75% of greenhouse emissions and nearly 90% of carbon emissions attributed to climate change, transitioning to renewable energy sources, reducing waste, and implementing circular economy practices are crucial. The CII Climate Action Charter, with its focus on GHG emission reduction, transition in the value chain, building resilience, and mobilizing green finance, is a significant step towards India's climate change goals.
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