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  • HCLTech awards $1 million climate grants in Americas

    HCLTech awards $1 million climate grants in Americas

    HCLTech awards USD 1 million under its HCLTech Climate Grant to three nonprofit organizations in the Americas for innovative climate resilience projects, with Guatemala’s CISP taking the top prize.

    CISP will receive USD 500,000 to enhance water security and sustainable land management in Guatemala’s dry corridor through rainwater harvesting benefiting 200 families, the company said in a statement.

    Runners-up Aves Argentinas (Argentina) and Lluvia para Todos (Mexico) will each get USD 250,000 for biodiversity conservation in the Atlantic Forest and community rainwater systems serving 2,300 people, respectively.

    The third edition of the HCLTech Climate Grant saw applications from 10 countries across the Americas, a 41 percent increase from previous years. A jury of HCLTech leaders and external experts selected the winners based on scalability and local relevance.

    “We are inspired by the ingenuity and commitment demonstrated by this year’s recipients,” said Nidhi Pundhir, Senior Vice President, Global CSR, HCLTech.

    Launched in 2023 with a USD 5 million commitment over five years, the program has so far supported ecological restoration, planted over 360,000 trees and mangroves, and empowered more than 1,400 young people in climate leadership.

  • IFAD launches transformative India rural development roadmap worth USD 4.2 billion

    IFAD launches transformative India rural development roadmap worth USD 4.2 billion

    The International Fund for Agricultural Development (IFAD) and the Government of India have launched a transformative eight-year rural development strategy, committing to scale investment, strengthen climate resilience and accelerate inclusive agricultural growth across the country’s vast rural economies.

    The new Country Strategic Opportunities Programme (COSOP) 2026–2033 was unveiled at the IFAD–India Partnership for Rural Prosperity event held at Bharat Mandapam in New Delhi on April 12, bringing together senior government representatives, IFAD leadership, development partners and private sector actors.

    The strategy sets two core objectives: enhancing the social, economic and climatic resilience of rural communities; and strengthening knowledge systems to scale proven models domestically and share them across the Global South.

    The announcement marks a pivotal expansion of one of IFAD’s largest country partnerships. Across 35 projects, USD 1.36 billion in IFAD financing has mobilised more than twice as much from partners, for a total investment of USD 4.2 billion.

    A senior IFAD delegation led by Associate Vice-President Donal Brown held talks with officials from India’s Ministry of Finance, Ministry of Agriculture and Farmers Welfare, and Ministry of Rural Development. Discussions covered smallholder support, digital agriculture, climate-resilient crops such as millets, and expanding farmer producer organisations.

    Brown said the partnership goes beyond individual projects and focuses on building systems that connect institutions, finance, infrastructure and markets for long-term rural development, IFAD said in a statement.

    The strategy places significant emphasis on strengthening grassroots institutions including self-help groups, farmer producer organisations and cooperatives, expected to play a key role in linking finance, technology, infrastructure and markets.

    On the financing front, IFAD signed a strategic partnership with NABARD on the sidelines of the event to expand rural finance and innovation. NABARD Chairman Shaji K V said the two institutions share a conviction that rural financial systems work best when built from the community up. International Fund for Agricultural Development

    The new strategy also positions India as a knowledge leader in rural development, with plans to share successful models in digital agriculture, inclusive rural finance and climate-resilient value chains with partner countries across Africa, Southeast Asia and Latin America.

    The IFAD delegation also undertook field visits to Meghalaya’s Ri-Bhoi district to review community-led initiatives under the Meghalaya Livelihoods and Access to Markets Project, and held talks with Meghalaya Chief Minister Conrad Sangma and Assam Chief Minister Himanta Biswa Sarma on future agricultural cooperation.

    India and IFAD have partnered for nearly 48 years, financing 35 rural development projects worth approximately USD 4.2 billion, with six ongoing projects focused on market linkages, climate-resilient agriculture and training programmes.

    “India is not only transforming its own rural economy — it is generating solutions that are relevant globally,” said Reehana Raza, IFAD Regional Director for Asia and the Pacific.

  • KCG, Urbaser sign moU for waste management drive

    KCG, Urbaser sign moU for waste management drive

    KCG College of Technology, a unit of the Hindustan Group of Institutions, has signed a transformative Memorandum of Understanding with Sumeet Urban Services (Chennai) V Pvt Ltd, known as Urbaser Sumeet, to deepen industry-academia collaboration in waste management, sustainability and skill development.

    The partnership aims to build a long-term, industry-integrated sustainability model that directly engages students in solving real-world urban environmental challenges across Chennai.

    Under the agreement, students will participate in clean-up drives, waste management awareness campaigns, sustainability workshops, internships and innovation challenges. The collaboration will also cover hackathons, practical training and professional certification programmes focused on circular economy practices and environmental sustainability.

    A key initiative under the MoU is “Edubridge,” a programme designed to support the education and empowerment of children of frontline conservancy workers — a measure both institutions described as central to social inclusion and community impact.

    Urbaser Sumeet will also serve as the hygiene partner for major institutional events at KCG, demonstrating best practices in source segregation, solid waste management and urban cleanliness systems.

    “Engineering education today must go beyond laboratories and classrooms,” said Anand Jacob Varghese, Chairman, Hindustan Group of Institutions. “When our students walk alongside conservancy workers, manage waste drives and design recycling solutions for their own city, they are not just learning — they are becoming the kind of engineers and citizens Chennai needs.”

    Annie Jacob, Director of KCG College of Technology, said embedding Urbaser Sumeet’s operational expertise into campus programmes would give students direct exposure to one of Chennai’s most critical urban services. “From internships in waste vehicle operations to the Edubridge initiative, this collaboration is built around real impact — not just awareness,” she said.

    Albert Gleiser Ignacio, Managing Director of Urbaser Sumeet, said lasting change in urban waste management begins with how the next generation thinks about it. “Partnering with KCG gives us the opportunity to bring that ground reality into an academic setting and build a pipeline of professionals genuinely invested in sustainable urban systems,” he said.

    The partnership is expected to generate research-oriented projects in waste segregation, recycling systems, circular economy models and smart urban sustainability solutions. Both organisations said they intend to develop a scalable and replicable model for sustainable campus-community partnerships.

    The collaboration promotes the principles of Reduce, Reuse and Recycle and seeks to foster environmentally conscious practices across the student community and beyond.

  • Standard Chartered launches breakthrough Rs 540 Cr SLTF

    Standard Chartered launches breakthrough Rs 540 Cr SLTF

    Standard Chartered Bank has extended a breakthrough Sustainability-Linked Trade Facility (SLTF) worth Rs 540 crore to Indorama India Private Limited, the bank announced on Wednesday, in a move that deepens its push to embed environmental, social, and governance (ESG) principles into corporate financing across South Asia.

    The facility, structured as a sustainability-linked trade and working capital arrangement, ties its financing terms directly to Indorama India’s achievement of clearly defined Sustainability Performance Targets (SPTs) aligned with the company’s broader ESG framework. The structure is designed to financially incentivise measurable progress on sustainability, rather than treating ESG commitments as aspirational.

    “We are pleased to partner with Indorama India in supporting its sustainability journey through this tailored SLTF,” said Angel Sivan, Regional Head of Transaction Banking Corporate Sales, India and South Asia, Standard Chartered. “By integrating ESG-linked targets into the deal structure, we are enabling our clients to align their growth with more responsible business practices.”

    Manish Kumar Agarwal, Chief Financial Officer of Indorama India, called the deal a reflection of the company’s resolve to mainstream sustainability into its core financing activities. “This strengthens our liquidity position and reinforces our dedication to ESG principles,” he said, adding that the company intends to build on the momentum toward a broader sustainable finance agenda.

    The transaction adds to a growing pipeline of sustainability-linked financing deals in India, as corporates and lenders seek to operationalise ESG commitments through binding financial mechanisms rather than voluntary pledges.

    Standard Chartered, which has maintained a continuous presence in India for over 165 years, operates across Corporate and Investment Banking and Wealth and Retail Banking segments through an extensive branch network covering major cities.
    Globally, the London- and Hong Kong-listed bank operates in 54 markets.

  • Hitachi Vantara cuts client energy use with sustainable data infrastructure

    Hitachi Vantara cuts client energy use with sustainable data infrastructure

    Hitachi Vantara, the data storage and hybrid cloud subsidiary of Hitachi Ltd, published its FY2025 Sustainability Report on Thursday, outlining measurable energy and cost reductions achieved by clients using its latest sustainable data infrastructure platforms, as surging AI workloads reshape the economics of enterprise computing.

    The report arrives as the International Energy Agency warns that global data center electricity consumption could surpass 1,000 terawatt-hours by 2026 — roughly equivalent to a major industrialized nation’s annual usage — driven in large part by artificial intelligence workloads that demand constant, high-performance storage and processing.

    “Sustainability is increasingly tied to operational performance and business outcomes. In FY2025, we focused on helping customers manage the growth of AI and data while improving efficiency and reducing environmental impact,” said Akinobu Shimada, CEO, Hitachi Vantara in a statement.

    Among the report’s most striking findings: Turkish retail bank DestekBank achieved a 25% reduction in data center energy consumption after deploying Hitachi Vantara’s VSP One Block platform, alongside a 35% jump in application performance and a 20% drop in total cost of ownership. Belgian water utility Aquiris, which processes more than 110 million cubic meters of wastewater annually, credited the same platform with lowering its carbon footprint while collecting over one million data points per day for process monitoring.

    Indian media company Malayala Manorama reported the sharpest operational gains, cutting data center rack space by 66% and achieving 70% savings in power and cooling costs after modernising its infrastructure to support round-the-clock print, broadcast and digital operations.

    On the product side, the company introduced the VSP One Block High End, engineered to reduce power and cooling requirements for enterprise and AI-driven workloads. Hitachi Vantara also expanded lifecycle assessments across its VSP One Block, File and Object portfolios and launched its Clear Sight dashboard, giving customers direct visibility into energy consumption and carbon usage. The firm reported that up to 50% recycled content now appears in key components, and that less than 0.3% of materials were sent to landfill.

    Governance improvements included strengthened emissions tracking across Scope 1, Scope 2 and key Scope 3 categories, aligned with science-based reduction targets and evolving ESG reporting standards.

  • HCLTech dominates Hurun India Sustainability Rankings 2026

    HCLTech dominates Hurun India Sustainability Rankings 2026

    HCLTech has secured the No. 2 overall position in the Perpetual Capital–Hurun India Impact 50 2026 report, reinforcing the technology major’s standing as a leader in corporate sustainability across global markets.

    The Hurun India Impact 50 report evaluates companies based on visible and measurable contributions toward the United Nations’ 17 Sustainable Development Goals (SDGs).

    HCLTech’s dominant HCLTech sustainability rankings reflect top-tier placements across multiple categories, with the company claiming No. 1 in Gender Equality and Affordable & Clean Energy, and No. 2 in Sustainable Cities and Communities and Responsible Consumption and Production.

    “These recognitions from globally renowned forums validate our efforts to embed sustainability-led positive impact across our operations,” said Vipul Arora, Global Head of Sustainability at HCLTech. “HCLTech will continue to enable clients and communities to reap the benefits of new technologies responsibly and sustainably.”

    The recognition builds on a broader series of ESG milestones. For the fourth consecutive year, HCLTech has been included in the S&P Global Sustainability Yearbook, a benchmark index tracking companies with strong environmental, social, and governance performance.

    HCLTech also holds a Gold rating from EcoVadis, placing it among the top 4% of rated IT companies globally. TIME magazine further recognised the company among the top 15 firms in the Professional Services category in its World’s Most Sustainable Companies 2025 list.

    The results signal growing investor and institutional confidence in HCLTech’s long-term ESG strategy, as the company continues to align technology deployment with sustainable development imperatives across its global operations.

  • DS Group achieves landmark water positive certification, joins elite corporate circle

    DS Group achieves landmark water positive certification, joins elite corporate circle

    Dharampal Satyapal Group (DS Group), one of India’s leading FMCG conglomerates, has earned Water Positive Certification from GRIHA (Green Rating for Integrated Habitat Assessment), recording a Water Positivity Index of 1.80 — placing the company among a select few Indian corporations to achieve such a high score.

    The certification, awarded under GRIHA’s Decarbonizing Habitat Programme, follows a two-and-a-half-year assessment across 30 business locations in India, covering divisions spanning food and beverage, mouth freshener, hospitality, and agriculture.

    Scale of Impact

    Conservation interventions by DS Group have created a cumulative water storage potential of 66 lakh kilolitres. The programme integrates rainwater harvesting structures, wastewater reuse systems, recharge wells, water-efficient fixtures, and ecological restoration measures. Projects in Rajasthan and Madhya Pradesh contributed significantly to groundwater recharge outcomes.

    “The whole world is moving rapidly towards sustainability, with global water demand projected to exceed supply by 40% by 2030,” said Rajiv Kumar, Vice Chairman of DS Group.

    “By embedding water-positive practices into our business and community initiatives, DS Group contributes meaningfully to the larger sustainability agenda that India is aiming for.”

    Kumar added that the Group views sustainability “not as a project but as a permanent responsibility,” guided by its philosophy of ‘Create What is Worth Creating.’

    Sanjay Seth, VP and CEO of GRIHA Council and Senior Director at TERI, called the certification “a statement of intent of responsibility and vision,” adding that DS Group had demonstrated that “sustainability, productivity and profitability can go hand in hand.”

    Broader Sustainability Context

    The Water Positive Certification adds to a wider sustainability programme at DS Group that spans water conservation, livelihood development, agricultural initiatives, and energy efficiency. The company’s headquarters holds both LEED Platinum and LEED Zero Carbon certifications from the U.S. Green Building Council.

    The achievement comes ahead of COP30, where water security and climate resilience are expected to be central agenda items.

    Founded in 1929, DS Group markets brands including Rajnigandha, Catch, Pulse, Pass Pass, LuvIt, and L’Opera across domestic and international markets.

    Established in 2007 as a joint initiative between Ministry of New and Renewable Energy and TERI, GRIHA operates as India’s nationally recognised green building rating system and is referenced in India’s Nationally Determined Contributions to the UNFCCC.

  • DBS Sustainable Financing surges past SGD 102 billion; India leads breakthrough growth

    DBS Sustainable Financing surges past SGD 102 billion; India leads breakthrough growth

    DBS Bank’s sustainable financing commitments surged 14 per cent year-on-year to cross SGD 102 billion at end-2025, the lender said in its latest report, as India emerged as its fastest-growing and third-largest sustainable finance market across Asia.

    The Singapore-based bank, one of Asia’s largest lenders, facilitated SGD 41 billion of environmental, social and governance (ESG) bond issuances during 2025 as an active bookrunner, channelling capital into renewable energy, sustainable infrastructure, green real estate and social-sector projects.

    “As Asia continues to grow, businesses are continuing to invest in low-carbon technologies, electrification and resilient infrastructure,” said Helge Muenkel, Group Chief Sustainability Officer at DBS Bank. “It was very encouraging that DBS Group crossed SGD 100 billion in sustainable financing commitments in 2025.”

    India Drives Breakthrough Momentum

    India’s rapid ascent within DBS’s sustainable finance portfolio reflects strong domestic appetite for green capital aligned with the country’s ongoing energy and infrastructure transformation.

    In a notable deal, DBS extended a Rs. 670 crore sustainability-linked trade facility to Indorama India Pvt Ltd, tying the financing to measurable improvements in emissions intensity, water use and energy efficiency.

    The bank also acted as arranger and sustainability coordinator for a multi-bank USD 350 million sustainability-linked revolving credit facility for ChrysCapital X LLC — marking the first sustainability-linked loan raised by an India-focused private equity fund.

    Expanding Beyond Climate

    DBS said it is broadening its sustainability mandate beyond climate mitigation to encompass nature-related risks and climate adaptation — a shift that signals the bank’s intent to align with evolving global biodiversity and resilience frameworks.

    Community Impact

    Beyond financing, DBS said it reached more than one million vulnerable individuals across Asia through community programmes in 2025. The DBS Foundation has committed over SGD 160 million since 2024 toward initiatives targeting essential needs, financial inclusion and community resilience.

    The results were disclosed in DBS’s Sustainability Report 2025.

  • Alarming Western Disturbances shift raises flood risks in Himalayas: IIT Roorkee study

    Alarming Western Disturbances shift raises flood risks in Himalayas: IIT Roorkee study

    A groundbreaking study from the Indian Institute of Technology (IIT) Roorkee has uncovered an alarming Western Disturbances shift, with these vital weather systems—traditionally tied to winter snowfall—now exerting greater influence during pre-monsoon months, heightening threats to climate resilience, disaster preparedness, and water security in northern India.


    Published in the International Journal of Climatology, the research reveals that Western Disturbances are becoming more active beyond the cold season, traveling longer distances, absorbing higher moisture, and delivering intensified precipitation from March to May.

    This Western Disturbances shift, driven by climate warming, is reshaping precipitation patterns across the Himalayas and adjacent areas.


    Analyzing over seven decades of atmospheric and rainfall data, researchers identified significant changes in Western Disturbances pathways, including extended travel, enhanced moisture uptake, and stronger upper-level winds, which amplify rainfall intensity outside the traditional winter period.


    The alarming Western Disturbances shift elevates risks of flash floods, landslides, and extreme rainfall in the fragile Himalayan terrain, while disrupting long-term water availability for downstream regions.


    “Extreme events, such as the 2023 Himachal flood and the recent 2025 Uttarakhand flood, reflect the growing influence of these disturbances,” said Spandita Mitra, PhD Scholar at IIT Roorkee’s Department of Hydrology.


    Lead investigator Prof. Ankit Agarwal added: “Our analysis shows that Western Disturbances are undergoing significant seasonal and structural changes, particularly during the pre-monsoon period. This transition has far-reaching implications for water resources, extreme weather events, and disaster vulnerability in the Himalayas.”


    Prof K K Pant, Director of IIT Roorkee, emphasized the need for proactive measures: “Scientific evidence such as this is crucial for rethinking climate resilience in ecologically sensitive regions. This study reinforces our commitment to translating insights into actionable strategies for sustainable development.”


    The researchers call for updated climate models, dynamic forecasting, and region-specific risk assessments to address the evolving patterns under a warming climate.

  • Eco Survey 2025-26: No Capital shortage, but huge climate finance gap

    Eco Survey 2025-26: No Capital shortage, but huge climate finance gap

    There is no shortage of money in the world for fighting climate change — the real problem is that this cash is simply not reaching the countries that need it most, the Economic Survey 2025-26 has warned.

    Tabled in Parliament by Finance Minister Nirmala Sitharaman on Thursday, the pre-Budget document says the core issue is not lack of capital but a deep structural misalignment between huge pools of global liquidity and extremely low risk appetite among lenders and investors when it comes to projects in developing nations.

    “Global capital markets are flush with funds, yet flows to sustainable development and climate action in the Global South remain badly constrained by entrenched risk aversion built into the global financial system,” the Survey notes.

    This blockage shows up most clearly in two places: the conservative lending models of Multilateral Development Banks (MDBs) and tough prudential rules in rich countries.

    MDBs still prefer safe, sovereign-guaranteed loans to protect their AAA ratings. This limits their ability to recycle balance sheets and pull in large-scale private money. High capital charges under Basel III and Solvency II make long-term infrastructure bets in emerging markets unattractive for banks and insurers in developed nations.

    On top of that, big institutional investors want standardised, easy-to-trade securities — while climate projects in poorer countries are usually custom-made, small and illiquid.

    The Survey calls the situation urgent and demands big-ticket reforms to fix it:

    • Recapitalisation of MDBs
    • Shift to “originate-to-share” model using guarantees, insurance and blended finance
    • Recalibration of global regulations
    • Strong governance to protect public money

    It points to a recent game-changer example: In 2025, the Inter-American Development Bank and Brazil’s Central Bank set up a mechanism that unlocked up to $3.4 billion in long-term forex hedging. This tackles currency risk without piling more debt on governments — making projects far more attractive to private investors.

    Without such active risk-sharing and a move away from pure risk avoidance, the Survey warns, energy poverty and climate vulnerability will keep rising in the developing world despite trillions sitting idle in global markets.