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Sustainability Outlook Headlines

Fashion For Good Consortium pilots resource efficient cotton farming - collaboration with leading brands Kering and PVH Corp., and leading global textile manufacturer Arvind Limited

Fashion for Good launches a new, two-year pilot project in collaboration with leading brands Kering and PVH Corp., and leading global textile manufacturer Arvind Limited to pilot a radically resource-effi cient cotton farming technology provided by Fashion for Good innovator, Materra (formerly hydroCotton).

Materra’s innovative combination of precision agriculture, environmental control and real-time data tracking facilitate resilience for cotton farming in developing regions where climate and resources prove challenging for cotton cultivation.

“38% of the fashion industry’s... Read more..

Source: India Retailing

DHL Commits €7 Billion to Sustainable Supply Chain, Links Exec Comp to ESG

New sustainability roadmap defines ambitious sustainability targets

Group decides on "Science Based Targets" and aims to reduce greenhouse gas emissions in line with the Paris Climate Agreement

To this end, the Group will invest EUR 7 billion in climate-neutral logistics by 2030

By 2030, 80,000 e-vehicles shall be deployed for last-mile deliveries, resulting in 60% electrification of the fleet

Management Board compensation to be linked to new sustainability roadmap

CEO Frank Appel: "We are turning our yellow Group into a green company and making an... Read more..

Source: DHL

Climate Action 100+ issues its first-ever net zero company benchmark of the world’s largest corporate emitters

Detailed assessments show companies are increasingly making ambitious climate commitments, but now need to deliver

Benchmark sets clear engagement priorities for $54 trillion investor-led initiative to drive faster corporate climate action

Climate Action 100+, the world’s largest investor engagement initiative on climate change, has released its first-ever benchmark evaluating the corporate ambition and action of the world’s largest greenhouse gas emitters and other companies with significant opportunity to drive the net zero transition. The Climate Action 100+ Net-Zero... Read more..

Source: Climate Action

Prime Minister Shri Narendra Modi to Launch “Jal Shakti Abhiyan: Catch the Rain” Campaign on the Occasion of World Water Day on 22nd March 2021

Prime Minister Shri Narendra Modi will launch the “Jal Shakti Abhiyan (JSA): Catch the Rain (CTR)” campaign on 22nd March 2021 on occasion of World Water Day. The Prime Minister will also address Central & State Government officers of Departments/ Ministries concerned, District Magistrates/ District Collectors/ Deputy Commissioners of districts and Sarpanchs of all Gram Panchayats through video conferencing/Virtual Platform.

“Jal Shakti Abhiyan: Catch the Rain” will be taken up in all districts, rural as well as urban areas, of the country with the main theme “Catch the Rain,... Read more..

Source: PIB

Power Minister Shri R K Singh launches GRAM UJALA in Bihar LEDs will be available for only Rs 10 each for each rural household, in exchange for working condition old incandescent lamps: says Shri R K Singh

Union Minister of State (Independent Charge) for Ministry of Power and Ministry of New and Renewable Energy and Minister of State, Ministry of Skill Development and Entrepreneurship ,Shri R K Singh launched the GRAM UJALA programme in Arrah, Bihar through a virtual event today .

While speaking at the event the Power Minister said that our rural population was still unable to afford discounted LEDs. This is why we have now created GRAM UJALA – a customized program for rural India, based uniquely and innovatively on carbon finance. LEDs will be available for only Rs 10 each for each... Read more..

Source: PIB

Goa: State signs renewable energy MOU with German company

PANAJI: The state government has signed a memorandum of understanding (MoU) with the German-based Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH for developing a state energy plan and 100% renewable energy roadmap for Goa under the Indo-German program on Access to Energy in Rural Areas.

Aimed at creating a strategic unit to develop, maintain and implement the multi-sectoral energy action plan, the MoU has been inked on the advice of the Union ministry for new and renewable energy.

“The strategic unit will function as a ‘state think tank’ and will be a... Read more..

Source: Economics Times

Delhi govt will offer interest subvention of 5 per cent for EV policy: Gahlot

Transport Minister Kailash Gahlot on Sunday said that the Delhi government will soon introduce interest subvention of up to 5 per cent in purchase of electric-run vehicles in the city.

The step has been taken in view to promote Delhi government’s policy offering financial incentives on all categories of e-vehicles – two-wheelers, three-wheelers, four-wheelers, goods carriers, electric rickshaws.

“Subvention of 5 per cent to be provided through Delhi Finance Corporation (DFC) to ensure an easy financing option for vehicle owners to convert their fleet to electric,” Gahlot said... Read more..

Source: Energy In Frapost

Gujarat: Solar power projects worth Rs 1,500 crore hang by roof

AHMEDABAD: The solar power sector in Gujarat is facing serious challenges with an investment of Rs 1,500 crore hanging in balance in rooftop projects, according to estimates by a clutch of solar power developers.

They made a representation to the state’s energy and petrochemicals department recently. They have claimed that more than 200 projects with installed capacity ranging from 10KWh to 1MW are on hold. They say the reason is the change in Gujarat Solar Policy in the last week of December 2020.

They have sought an extension till June 2021 for commissioning those projects... Read more..

Source: Economics Times

25 investors keen to set up ethanol production units: Bihar govt

PATNA: Around 25 investors have shown active interest in establishing greenfield ethanol production units in Bihar so far, additional chief secretary of the industries department Brajesh Mehrotra said here on Saturday. This comes a day after the industries minister Shahnawaz Hussain formally unveiled the state’s ethanol promotion policy.

“Around 25-30 investors have approached the department saying they have proposals to establish greenfield (or new) ethanol production units in the state,” Mehrotra said, adding, “There are around six other investors who have made inquiries to assess... Read more..

Source: Economics Times

Circular Electronics Partnership (CEP): The first private sector alliance for circular electronics

Geneva, 18 March 2021: Launched today, the Circular Electronics Partnership (CEP) has brought together a group of pioneering global organizations and more than 50 experts from the electronics value chain over the past year, to start the first private sector alliance for circular electronics. As one of the founding partners and Secretariat host, the World Business Council for Sustainable Development (WBCSD) is thrilled to be at the heart of this transformative industry initiative.

The CEP marks the first-time experts, business leaders and global organizations will set a vision and... Read more..

Source: WBCSD

Superdry brings forward sustainable cotton targets

CHELTENHAM – British fashion retailer Superdry has brought forward its cotton sustainability goals following swift early progress.

In particular, the company has tweaked its target of ensuring all 100 per cent cotton garments are made entirely using organic material by 2030, and will instead work to meet a deadline of 2025.

By this time, the company insists 65 per cent of all apparel that uses any amount of cotton will be derived from organic cotton sources.

“I am delighted by the progress we are making. We are embedding sustainability in every part of the business... Read more..

Source: ECO Textile

Bestseller partners Artistic Milliners on ethical cotton

BRANDE – Danish fashion brand Bestseller is partnering with the Pakistan-based denim mill Artistic Milliners to increase its use of organic, ethically-sourced cotton.

The partnership will make use of the Milliners Cotton Organic Project, which includes traceability from farm to factory, to supply cotton for Bestseller's Jack & Jones brand.

“At the same time, Bestseller and Artistic Milliners wanted to ensure a direct-to-farm approach where we can improve and demonstrate the business case for the organic cotton farmers and suppliers, making this endeavor wholesome for the... Read more..

Source: ECO Textile

USAID and DFC Announce $41M Loan Guarantee Program to Finance Rooftop Solar - USAID and DFC partnered with Encourage Capital, cKers Finance & Electronica Finance Limited

The United States Agency for International Development (USAID) and the U.S. International Development Finance Corporation (DFC) are jointly sponsoring a $41 million loan portfolio guarantee to help finance investments by Indian Small and Medium Enterprises (SMEs) in renewable energy solutions, including rooftop solar installations. These loans will enable SMEs to access reliable power and cut costs.

At the signing of the guarantee agreement, USAID/India’s Acting Mission Director Karen Klimowski stated, “USAID/India is pleased to promote power diversification and support local... Read more..

Source: U.S Embassy and Consulates in India

Road Transport & Highways Minister, Shri Nitin Gadkari Announces Vehicle Scrapping Policy

Minister for Road Transport and Highways, Shri Nitin Gadkari today announced the Vehicle Scrapping Policy in Lok Sabha. Making a Suo Motu statement in the Lok Sabha, the Minister said that “Older vehicles pollute the environment 10 to 12 times more than fit vehicles and pose a risk to road safety”. He said that “in the interest of a clean environment and rider and pedestrian safety, the Ministry of Road Transport and Highways is introducing the Voluntary Vehicle-Fleet Modernization Program (VVMP) or “Vehicle Scrapping Policy” which is aimed at creating an Eco-System for phasing out of... Read more..

Source: PIB

Andhra Pradesh's Energy Investment Bazaar held in Visakhapatnam

The Andhra Pradesh government has strongly committed to bring rapid change in energy sector by encouraging energy efficiency investments, said A Chandrasekhara Reddy, CEO, AP State Energy Conservation Mission (APSECM). Addressing an Investment Bazaar for the Southern region organized by APSECM at Visakhapatnam on Thursday, with the support and co-ordination of Bureau of Energy Efficiency, Ministry of Power, to promote investments in industrial energy efficiency, Reddy said that there is huge opportunity for... Read more..

Source: The Economic Times

Global lenders to back Adani solar power projects with $1.3 billion

A dozen global banks are to bankroll the Gautam Adani-founded Adani Green Energy’s under-construction renewable power projects with over $1.3 billion revolving credit line, the company said on Thursday. The finance facility would initially fund a 1.69GW (gigawatt) hybrid portfolio of solar and wind power projects through four SPVs (special purpose vehicles) in Rajasthan. The company claimed this as the first ‘certified green hybrid’ project loan in India. The liquidity will boost the company’s efforts to... Read more..

Source: The Economic Times

Vietnam to cut rooftop solar feed-in tariff in bid to ease grid pressure

Vietnam plans to cut the feed-in tariff for rooftop solar panels by 30.8-37.9% in a bid to reduce pressure on the national power grid following a recent boom in installed capacity, state media reported on Wednesday. Vietnam has had one of the fastest growing renewable energy markets in Asia in recent years, but the development of its transmission system has lagged, leaving several of its new solar power plants operating below designed capacity. The Ministry of Industry and Trade is planning to cut the tariff to 5.2-5.8 U.S. cents per kilowatt hours (kWh) from 8.38 cents, the Dai Doan Ket... Read more..

Source: Nasdaq

Deutsche Bank joins the Partnership for Carbon Accounting Financials

What is PCAF, and why are we joining?

The Partnership for Carbon Accounting Financials (PCAF) is a collective effort to harmonise the way banks and other financial institutions account for greenhouse gas emissions financed by their loans and investments. In November 2020, PCAF published its own accounting and reporting standard for greenhouse gas emissions associated with loans or... Read more..

Source: Deutsche Bank

bp plans UK’s largest hydrogen project

bp today announced that it is developing plans for the UK’s largest blue hydrogen production facility, targeting 1GW of hydrogen production by 2030. The project would capture and send for storage up to two million tonnes of carbon dioxide (CO₂) per year, equivalent to capturing the emissions from the heating of one million UK households¹. The proposed development, H2Teesside, would be a significant step in developing ‎bp’s hydrogen business and make a major contribution to the UK Government’s target of developing 5GW of hydrogen production by 2030. With close proximity to North Sea storage... Read more..

Source: bp

Swiss Re announces ambitious climate targets; accelerates race to net zero

  • Swiss Re announces ambitious carbon reduction target for its investment portfolio of 35% by 2025
  • The Group moves ahead with full phase-out of thermal coal; new exit strategy in treaty re/insurance by 2030 (OECD) and 2040 (rest of the world)
  • As first multinational company, Swiss Re introduces a triple-digit real internal carbon levy for own operations Swiss Re today announced new measures to support the transition to a net-zero economy, encompassing both asset management and underwriting as well as its own operations.

Swiss Re’s Group Chief Executive... Read more..

Source: Swiss Re

Government unveils plans for wide-ranging Waste Prevention Programme

Plans to reduce waste have been unveiled on Global Recycling Day (Thursday 18 March) - including proposals for new measures that will ramp up action on fast fashion and hold manufacturers accountable for textile waste. These plans form part of a new wide-ranging Waste Prevention Programme for England which sets out how the Government and industry can take action across seven key sectors – construction; textiles; furniture; electrical and electronics products; road vehicles; packaging, plastics and single-use... Read more..

Source: GOV.UK

Smart Joules raises $4.1 million Series A from Sangam, ADB Ventures, Burman Family Office, Max I. Limited, cKinetics Accelerator and other marquee investors

Smart Joules, a pioneer in energy-efficiency-as-a-service, today announced it has completed a $4.1 million round of Series A funding aimed at expanding its offering across large commercial buildings and industries in India. The funding round saw participation by ADB Ventures (the Asian Development Bank's venture arm), Sangam Ventures, Max I. Limited, cKinetics Accelerator, Mr. Saket Burman from the Dabur family and 6 other marquee angels from India and the US. DPNC Advisors, the transaction advisory arm of... Read more..

Source: CISION

AIPEF Urges PM To Consult All Stakeholders On Electricity (Amendment) Bill 2021

The All India Power Engineers Federation (AIPEF) on Wednesday said it has urged Prime Minister Narendra Modi to consult all stakeholders on Electricity (Amendment) Bill 2021. 'The proposed changes in the Act 2003 have far-reaching changes and leaving the major stakeholders out of consultation is really shocking. The whole exercise to rush through Electricity (Amendment) Bill 2021 is thus nontransparent, undemocratic, and discriminatory in nature,' AIPEF spokesperson V K Gupta alleged in a statement. So, AIPEF... Read more..

Source: Business World

Greenko to set up Rs 30,000-crore hybrid project in Rajasthan

Renewable energy firm Greenko Energy is set to develop a Rs 30,000-crore hybrid project in Rajasthan of which one will be a pumped hydro storage project of 2,520 megawatt (MW) capacity estimated at Rs 11,882 crore. The proposed hydro project is to be developed at Shahpur, Baran district of Rajasthan. “The project when completed by 2023-24 will be the world’s largest renewable energy asset and would contribute to the state’s efforts as a model in the adoption of solutions for a sustainable future,” said Anil... Read more..

Source: The Economic Times

Andhra Pradesh to hold meet on energy efficiency funding on March 18

The state government will be holding the Investment Bazaar for Energy Efficiency in Visakhapatnam on March 18. The programme comes as a part of the government’s efforts to accelerate and facilitate financing of energy efficiency projects and technologies in industry sector. The event is being organised by the AP State Energy Conservation Mission (APSECM), with support from Bureau of Energy Efficiency (BEE) and Confederation of Indian Industry (CII). Key stakeholders including financial institutions, original... Read more..

Source: Energy Infra Post