Neeraj Bansal’s Post

🌍🇮🇳 India Takes First Steps Towards Achieving 2070 Net-Zero Goal 🌿💡 I am thrilled to share significant progress towards India's commitment to achieve a net-zero economy by 2070! NITI Aayog has initiated pivotal measures to steer our nation towards this ambitious goal, marking a crucial milestone three years post-commitment. Under the guidance of NITI Aayog, dedicated multi-sectoral committees have been formed to develop a comprehensive transition plan. These committees are tasked with identifying key issues, charting pathways, and proposing policy actions across critical dimensions of climate change. In parallel, specialized working groups have been mobilized to address vital aspects such as macroeconomic implications, climate finance, R&D of critical minerals, domestic manufacturing, supply chains, social considerations in energy transition, and sector-specific analyses covering transport, industry, buildings, agriculture, and power. These collaborative efforts are set to culminate in a consolidated report by NITI Aayog, serving as a vital policy guide for central ministries to formulate climate-resilient strategies aligned with India's net-zero aspiration. This concerted effort underscores India's proactive stance in tackling climate challenges and fostering sustainable development. As we navigate towards a cleaner, greener future, I look forward to witnessing the transformative impact of these initiatives across our economy and society. #NetZero2070 #ClimateAction #Sustainability #India #NITIAayog #GreenEconomy #ClimateResilience United Nations

Vivek Venkataramani recently shared his experience-based opinion with Industrial Economist Magazine, on the way forward for adaptation investments in India. This was for the IE July 2024 issue that focused on the impact of climate on the Indian economy. It looks at issues varying from major climate-related challenges that India faces, vulnerable sectors, key action required at the national, state, and local levels to accelerate adaptation actions, policy and institutional changes and roles to be played by key stakeholders in this landscape of adaptation-related investments. #climateresilience #climateadaptation #climateimpact

Climate adaptation in India is not just a necessity—it is a powerful investment opportunity. According to the State of Climate Finance in India 2024 report by Climake, there is an urgent need to scale private climate finance, with investment gaps highlighting the potential for impactful growth. Areas such as water management, resilient infrastructure, sustainable agriculture, disaster risk reduction, and climate-resilient healthcare are poised for innovation. India’s climate adaptation market is projected to grow rapidly, driven by the need to protect communities and ecosystems from increasing climate risks. For example, investment in water management alone could address the severe water scarcity affecting over 600 million Indians. Resilient infrastructure is critical as India plans to invest $1.4 trillion in infrastructure by 2025, with a significant portion needed for climate-proofing. Additionally, sustainable agriculture offers a $35 billion investment opportunity, as farmers seek to adapt to changing weather patterns. The healthcare sector also presents a critical need, with climate-resilient solutions necessary to protect vulnerable populations from extreme weather events. At AWE Funds, we are committed to supporting innovative solutions in these sectors, recognizing that climate adaptation not only addresses pressing environmental challenges but also offers substantial financial returns. By investing in these areas, we can help build a more resilient and sustainable future for India. #ClimateAdaptation #ClimateFinance #Sustainability #ImpactInvesting #WaterManagement #Agritech #ClimateAction #AWEFunds Seema Chaturvedi Padma Chandrasekaran Holly Flanagan Scott Featherston Asahi Pompey Divya Sampath Harshdeep Singh Maulshree Trivedi Rajendra Lora Chandrakanta Sahu Shabnam Wazed Mini Suri Vaishali Kulkarni Ravi Bhogu Aparna Bhogu

A Shift in Perspective: My ESG Journey Despite working in the ESG industry, my initial focus was on professional goals, overlooking the bigger picture. Gradually, I realized the profound impact ESG has - safeguarding our planet, promoting social equity, and shaping a sustainable future. This begs the question - how does ESG, or rather sustainability, connect to our world, particularly India? ESG (Environmental, Social, and Governance) is a framework used to evaluate a company's performance in these three crucial areas. Sustainability goes beyond compliance, aiming to address complex environmental, social, and economic challenges. In simpler terms, ESG criteria stem from the broader concept of sustainability. The importance of sustainability cannot be overstated. From preserving ecosystems to combating climate change, its real-world impact is undeniable. In the Indian context, sustainability has a multifaceted approach, addressing environmental, social, economic, and cultural aspects of development. India faces unique challenges like environmental degradation and social disparities. Sustainability initiatives here aim for balanced growth, prioritizing environmental protection, social equity, and inclusive development. Stay tuned as I explore the past, present, and future of sustainability in India, along with government initiatives towards achieving these goals. #sustainability #planet #climate Photo courtesy Rounak Karmakar

Ravi Kumar Your writing eloquently captures the essence of a crucial juncture at the crossroads of business, sustainability, and governance. The language employed is both evocative and strategic, skillfully illustrating the pressing need for the integration of Environmental, Social, and Governance (ESG) principles as we enter the year 2024. Highlighting India's burgeoning economy and its role at the forefront of this transformative journey imparts a sense of responsibility and leadership. This introduction lays the groundwork for the central message—the essential requirement for a collective commitment from government bodies, corporate entities, and industries to weave ESG values into the fabric of growth. The strength lies in its acknowledgement of the unique opportunity India possesses amidst unparalleled global environmental challenges. The emphasis on incorporating clean energy initiatives and engaging in carbon trading as inherent to India's developmental narrative aligns seamlessly with the ongoing global conversation on sustainable practices. The plea for a sustainable blueprint, considering the social and environmental impact of every decision, transcends mere economic advancement, underscoring a holistic approach to growth. It reflects a profound understanding that prosperity should not come at the cost of the planet or society. The use of phrases like "pivotal moment" and "2024 imperative" instills a sense of urgency, underscoring that the convergence of government policies, corporate strategies, and industry expertise is not merely a choice but an absolute necessity. The metaphor of stakeholders contributing according to their strengths fosters the concept of a collaborative environment where collective efforts yield greater results. In conclusion, Ravi effectively communicates the urgency, responsibility, and transformative potential of incorporating ESG principles into India's growth narrative. It serves as a rallying cry for a prosperous and sustainable future, positioning ESG as an indispensable aspect of India's ascendancy on the global stage.

Western solutions just don’t cut it for India’s problems.    Especially when it comes to climate action.     Currently, India stands at the forefront of the net zero revolution, embracing sustainable growth as its guiding principle. Its impressive economic rise, moving from the 13th to the 5th largest economy globally, has fueled the country’s bold ambitions for sustainable development. However, India faces a unique set of challenges in balancing development with environmental sustainability.     The global climate strategy often emphasizes renewable energy and carbon reduction, but it doesn't always account for the socio-economic and geographical complexities of countries like India.    I recently came across an insightful article by Souryabrata Mohapatra that echoes some primary concerns around this topic and highlights the critical need for a more nuanced global approach to climate action. Here are 3 top points he covers in the article -     1. Transitioning from coal dependency to cleaner energy sources requires not just significant financial investments, but also a strategy that considers the immediate energy needs of over 1.4 billion people.     2. Developed nations must address their overconsumption patterns and India must advocate for climate policies that align with its developmental realities.     3. To truly address the climate crisis, the global community must adopt a more nuanced and equitable approach. This includes recognizing the historical emissions of developed countries and providing adequate financial and technological support to developing nations.     Here’s the link to the article: https://lnkd.in/eBVGyf_Z     Do you agree with these points? Would love to hear from you in the comments.     #ESG #Sustainability #CLimateAction #RenewableEnergy 

As I dug into recent data on climate change effects, an eye-opening figure stood out: India could incur an economic loss of 3% GDP annually by 2050 due to climate impact. 🌪️ Sustainable business strategies are no longer just 'good-to-have' but a dire necessity. 🌱 With extreme weather events becoming the new normal, companies are being forced to pivot dramatically. From reliance on renewable energy to climate-resilient supply chains, this isn't just about the environment; it's about economic survival! 📈 Corporations in India, for instance, are now investing heavily in greener technologies – Tata Motors' shift towards electric vehicles is a testament to this change. Practical implications? Every business leader must now incorporate climate risk assessment into strategic planning. 🏢✅ It's not just about mitigation but adaptation. We're looking at a future where the innovative use of water resources, energy-efficient operations, and sustainable raw materials isn't optional. 🤔 How is climate change reshaping your industry? What steps are you taking to future-proof your business? I urge companies to not just create a single CSR initiative but to embed sustainability into every business decision. Start by: 1️⃣ Conducting a climate risk audit 2️⃣ Investing in sustainable practices & technologies 3️⃣ Developing a resilient supply chain 4️⃣ Engaging customers in your sustainability journey Let's not wait for a policy push. Let's lead the charge! ⚡ I'd love to hear your thoughts on sustainable business strategies and the unique approaches your organizations are taking. Share your insights below! 🔍 #ClimateChange #SustainableBusiness #ResilientStrategies #FutureProof #Innovation #BusinessLeadership #RenewableEnergy #TataMotorsEV #IndiaEconomy

India has become a leading global force, not just in achieving national #climate objectives but also in showcasing the crucial role of government-business collaboration in this endeavour. While the climate challenge in India is substantial, our country is rapidly evolving into a global model through collaborative efforts between the public and private sectors - spanning services, utilities, and technology startups. According to the World Economic Forum, almost 90% of India's corporate leaders today, view sustainability as a catalyst for growth, cost reduction and a competitive advantage. In a notable achievement at #COP28 in Dubai, India reinforced its standing as a top performer, by securing the 7th position in this year's Climate Change Performance Index (#CCPI) — a significant rise from the previous year and a remarkable ascent from 31st position in 2014. This Republic Day, we urge companies to pledge their commitment to #ClimateAction and join the growing community of corporations working together to create a more #sustainable future for India and the World.  Sign up: https://lnkd.in/dnf_sYEr Read more : https://lnkd.in/dkTvQ9yh #ClimateChange #SustainableFuture #RepublicDay #GlobalLeadership #ClimateAction #ClimateResolve Confederation of Indian Industry CII-ITC Centre of Excellence for Sustainable Development Seema Arora Shikhar Jain Lakshmi I. Dr. Jasleen Bhatti Aditya Raghwa Diksha Gairola Amol Kapoor

India's strategic development of a carbon market is pivotal in shaping its future as a green economic leader. Aligning environmental goals with economic growth, India could turn a potential US$35 trillion loss from climate inaction into a US$11 trillion gain, as per Deloitte's report. This initiative positions India at the forefront of sustainable investment and global environmental responsibility, marking a significant step towards becoming a dynamic, green powerhouse. #india #sustainability #climatechange

Three days ago, I shared a post about India's status as the world's third-largest emitter of greenhouse gases (GHGs), which sparked a valuable discussion within our community. Over a cup of tea, we engage in these important topics, aiming to understand each other's perspectives on the emerging trends in this field and learn from each other's experiences. Concerns arose during these conversations regarding the per-capita emissions and historical emissions of developed countries, and the potential compromise of India's development path by nations that have already significantly contributed to global pollution. This exchange illustrates the multifaceted nature of climate action, where equity, responsibility, and urgency intersect. Many of us pointed out that while India's total emissions are significant, our per-capita greenhouse gas emissions remain relatively low compared to developed nations. Yet, this does not diminish the pressing need for all of us, as a collective, to confront and reduce pollution. India, with its dense population, could face severe impacts if the world fails to achieve net-zero emissions by the end of this century (the current global target is 2050). The repercussions of pollution extend far beyond environmental impacts, affecting public health, agricultural productivity, and the overall quality of life. The threats from air and water pollution contribute to respiratory illnesses, heart diseases, and a surge in cancer rates. Additionally, the degradation of natural resources could jeopardise food security, exacerbating malnutrition and poverty. These challenges not only threaten the well-being of our citizens but also pose significant barriers to our nation's development, subtly dispelling the notion that economic growth must come at the expense of environmental sustainability. The Indian government's ambitious net-zero by 2070 target and its call for developed nations to become carbon-negative by 2050 underscore India's emerging role in global climate negotiations, emphasizing the need for historic emitters to allow developing nations more "carbon space.". As we navigate these challenges, let us draw inspiration from the ancient Indian principle of "वसुधैव कुटुम्बकम्" (Vasudhaiva Kutumbakam)—the world as one family. This timeless wisdom reminds us that the fight against climate change transcends national borders, requiring every country, including India, to contribute to the well-being of humanity and safeguard our future generations.   Sustainable Indian Growth: #ClimateAction