Page 28 - Plastics News December 2025
P. 28
COMPANY NEWS
INDIAN FIRMS LIKE L&T, ITC STEP UP GREEN GOALS
WITH BIGGER RENEWABLE, RECYCLING, AND NET-ZERO COMMITMENTS
ruptible power supply units to installing solar so-
lutions and consolidating data centres-to reduce
its energy footprint.
This year, Titan Company launched Project Pra-
gati, its environmental, social and governance
roadmap, designed to reflect the firm's commit-
ment to people, planet and purpose. Under the
project, it has set time-bound targets for 2029-
30, including achieving net zero carbon emis-
sions across operations, becoming water-posi-
tive and reducing and recycling 50% of plastics
ompanies across sectors are increas- used in packaging and operations.
ingly stepping up sustainability efforts, in "In 2024-25 alone, we sourced 2.03 crore kWh
Cline with India's pledge to reduce carbon of renewable energy, with almost 70% of our to-
emissions by the end of this decade as part of its tal electricity needs met through wind and solar
larger commitment to eventually reach net zero.
power across manufacturing locations," said NE
L&T, ITC, NetApp, Titan Company and Genpact Sridhar, chief sustainability officer, Titan Com-
are among the companies that are increasing pany.
renewable energy adoption, reducing waste L&T has committed to achieving carbon neutrali-
to landfills, cutting down on single-use plastic ty by 2040 (under both Scope 1, or direct green-
at workplaces, strengthening recycling efforts, house gas emissions, and Scope 2, or indirect
minimising paper usage and encouraging em- emissions through purchased energy) and water
ployees to invest in electric vehicle (EV) options neutrality by 2035.
and participate in carpooling to minimise emis-
sions, as well as driving tree-plantation and wa- "We are progressively reducing Scope 1 and
terbody rejuvenation efforts. Scope 2 emissions by optimising equipment
utilisation, minimising losses, deploying energy-
Industry executives said companies are making efficient machinery, improving energy manage-
a concerted effort to increase reliance on re- ment, and increasing the share of renewable
newable energy.
energy through PPAs (power purchase agree-
Genpact has been upgrading critical infrastruc- ments), green tariffs, and on-site solar installa-
ture-from modernising heating, ventilation and tions (across both capital expenditure and op-
air conditioning systems and optimising uninter- erating expenses models)," said Santosh Singh,
chief sustainability officer, L&T.
28 PLASTICS NEWS December 2025
