India Inc.'s Sustainability Record
Fortune India|July 2024
Here's what India's top companies are doing to reduce their carbon footprint.
JOE C. MATHEW
India Inc.'s Sustainability Record

LAST SEPTEMBER, Prof. Amory Lovins, American writer, energy advisor, physicist and chairman emeritus of Rocky Mountain Institute, released a book published by IT services major Infosys. The book chronicles the company’s efforts to build energy efficient buildings and minimise environmental impact. The systems, disruptive technologies and new benchmarks in building design captured in the book have helped Infosys create 29.6 million sq. ft. green building space. For instance, Infosys started installing solar photovoltaic (PV) plants on its campuses 15 years ago. Today, it has 60.2 MWp solar PV capacity and a solar park in Sira, about 140 kms from Bengaluru. Over 67% power consumed by its India operations comes from renewable sources.

DEFINING EMISSIONS

SCOPE 1

• Emissions from sources controlled or owned by the company

SCOPE 2

• Indirect emissions, for example those associated with purchase of electricity

SCOPE 3

• Emissions the organisation is indirectly responsible for, up and down its entire value chain

When Infosys started its sustainability projects, it was not mandatory for companies to disclose climatefriendly initiatives. Not anymore. The Securities and Exchange Board of India (Sebi) made Business Responsibility and Sustainability Reporting (BRSR) mandatory for top 1,000 companies by market capitalisation from FY23. Since then, dozens of early adopters of climate-friendly initiatives, including biggies such as Reliance Industries (RIL) and Tata Group, have reported hundreds of initiatives to tackle climate change and ensure sustainable development.

Bu hikaye Fortune India dergisinin July 2024 sayısından alınmıştır.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.

Bu hikaye Fortune India dergisinin July 2024 sayısından alınmıştır.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.