On this International ESG Day, we discover how Indian brands are implementing Environmental, Social, and Governance principles in their operations- tackling the environmental challenges while simultaneously satisfying social demands and furthering economic growth. Since India’s ambitious target to achieve net-zero emissions by 2070, it is business as usual where companies are looking to make a difference on this path of transformation. ESG principles are slowly becoming the foundation of a corporate strategy, forcing brands to initiate impactful sustainability programs, ranging from reducing carbon footprint and embracing renewable energy to inclusion and transparent governance.
Thippeswamy Papareddy, Associate Vice President, QMS and Sustainability, Ghodawat Consumer, highlighted the critical role of businesses in shaping India’s net-zero future. He remarked, “On International ESG Day, it’s essential to recognize how businesses in India are not just contributing to global sustainability goals but are actively shaping the nation’s path to a net-zero future. By embracing renewable energy, adopting circular economy principles, and innovating sustainable solutions, brands are not only aligning with India’s climate goals but are also setting new standards for corporate social responsibility. At Ghodawat Consumer Ltd, we are on the course of transformation. We achieved a 42% increase in renewable energy share in total consumption for FY 2023-24. Our aim is to increase 75% renewable energy usage in each manufacturing unit by 2026 and become carbon neutral by 2030.”
Similarly, Prabir Chetia, Head, Growth Advisory and Procurement, Aranca, emphasized their commitment to sustainability: “Aranca is deeply committed to sustainability and has implemented a range of initiatives to reduce its environmental footprint. The company has transitioned to a paperless environment, minimizing waste and significantly reducing plastic usage by prioritizing recycled materials. A key achievement is the installation of a water recycling system, which helps conserve water and promotes sustainable practices. Additionally, Aranca has focused on energy efficiency by adopting energy-efficient resources and installing sensors to minimize power consumption. Employees play a vital role in this initiative, being highly conscious of resource usage, ensuring that wastage of resources is minimized across operations. Many employees have even embraced electric vehicles, further demonstrating their dedication to a greener, cleaner environment. These actions reflect Aranca’s ongoing commitment to sustainability, aiming not only to reduce its ecological impact but also to inspire others to adopt more environmentally responsible practices.”
Conclusion
As India moves forward to its target of net-zero, there are brands embracing the ESG principles that are driving transformative change. This is not only solving socio-economic and environmental issues but also generating long-term resilience and value by embedding sustainability into their business operations and encouraging co-operation. It thus shows how ethical business can be an enabler of a sustainable future. International ESG Day shows how much more potential lies with brands toward an inclusive and sustainable future for all.