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Category: Sustainable World

  • Agropak wins Big Pi grant to boost climate innovation

    Agropak wins Big Pi grant to boost climate innovation

    Agropak, a biotech startup building a natural fibre materials platform for bio-based packaging, has won the Big Pi Grant, India’s largest non-dilutive grant for early-stage climate startups, organisers The Sustainability Mafia (SusMafia) said.

    The Rs 31.4 lakh Big Pi Grant, presented at the third edition of SusCrunch 2026, is designed to boost climate startups through innovation support, commercial validation and market adoption without diluting founder equity, SusMafia said in a statement.

    Agropak’s win adds to a growing set of resources for the company, including mentorship, strategic guidance and access to incubators and government programmes through SusMafia’s investor, fellowship and grant network.

    The grant’s name draws on the mathematical constant pi (3.14), a nod meant to symbolise bold thinking and breakthrough innovation, according to the organisers.

    SusCrunch 2026 drew investors including Zerodha and 3one4 Capital, along with corporates such as Reliance, Biocon, Zomato and Apollo Hospitals, underscoring rising industry interest in climate-focused startups.

    The Big Pi Grant announcement comes as India’s climate-tech sector has drawn nearly USD 12.8 billion in funding across 1,583 startups between 2008 and June 2026, according to the Tracxn India Climate Tech 2026 Report.

    Global early-stage climate funding, however, has slipped to a five-year low, the State of Climate Tech 2025 report found, a trend organisers say makes non-dilutive grants like the Big Pi Grant increasingly critical to bridging the gap between research and commercial scale.

    Backed jointly by SusMafia and the BITS Pilani PIEDS Accelerator, the Big Pi Grant drew more than 50 applications from founders across BITS Pilani, IIT and the wider SusVentures network. Five startups spanning water and waste management, climate intelligence, sustainable materials and the built environment were shortlisted before Agropak was named the winner.

    Past recipients have used the grant as a springboard. BioCompute, the 2024 winner, has since built laboratory infrastructure, expanded into the Bay Area and raised more than Rs 5 crore from investors including WTF Fund, Grad Capital and 1517 Fund. Bisket Labs, the 2025 recipient, went on to secure Karnataka’s ELEVATE Grant.

    “Every founder needs access to business, capital and talent. No founder can build all three alone,” said Ganesh Shankar, co-founder of The Sustainability Mafia and founder of FluxGen.

    SusMafia, a founder-led climate community, says its network of 84 active climate founders and more than 700 “Climate Ninjas” has collectively raised over $350 million, employs more than 3,000 people and generates Rs 2,100 crore in annual revenue, while diverting over 363,000 tonnes of waste from landfills and mitigating roughly 1.56 million tonnes of CO2 equivalent annually.

    At a separate “Climate Sitdown” session, Neeraj Jain, co-founder of Solar Square, a Series C rooftop solar company that has raised over USD 100 million, said the SusMafia community “feels like the start of a movement,” speaking alongside Ashish Goel, founder of Urban Ladder and an investor in more than 30 startups.

    Organisers say initiatives like the Big Pi Grant will remain central to India’s climate innovation push as the country works toward its net-zero goals, with early-stage grants, founder communities and industry partnerships seen as key complements to venture capital.

  • Coromandel achieves Responsible Care Certification from ICC

    Coromandel achieves Responsible Care Certification from ICC

    Coromandel International Limited, one of India’s leading agri-solutions providers, said it has received the Coromandel Responsible Care Certification from the Indian Chemical Council (ICC), placing it among a select group of companies globally to achieve the recognition.

    The certification, valid from April 2026 to March 2029, covers all 18 manufacturing facilities across the company’s Nutrients, Crop Protection Chemicals, Specialty Nutrients and Bio businesses, Coromandel said.

    Responsible Care is a globally recognized chemical industry initiative that promotes safety, health, environmental protection, product stewardship and security across the value chain.

    The framework is administered worldwide by the International Council of Chemical Associations and implemented in more than 70 countries, helping companies strengthen manufacturing practices and meet stakeholder expectations, the company said.

    Coromandel said it earned the certification after a comprehensive assessment and verification process led by the ICC, having undertaken a structured improvement programme across its manufacturing operations, business functions and supplier ecosystem.

    The programme included interventions in process safety, employee wellbeing, environmental performance, product responsibility, distribution safety and community engagement.

    “This certification is a testament to Coromandel’s consistent focus on responsible manufacturing and high safety standards,” said S. Sankarasubramanian, Managing Director and Chief Executive Officer of Coromandel International Limited.

    “We are making significant investments to strengthen our safety systems and environmental practices and remain committed to upholding the highest standards across all our operations.”

    Coromandel is India’s second-largest manufacturer and marketer of phosphatic fertiliser, and operates across fertilizers, crop protection, bio products, specialty nutrients and organic businesses.

    The company runs more than 1,200 rural retail outlets across Andhra Pradesh, Telangana, Karnataka, Tamil Nadu and Maharashtra, offering agri inputs and farming services including crop advisory, soil testing and farm mechanisation to around 3 million farmers.

    The company operates eight R&D centres and 21 manufacturing facilities across India. Coromandel reported turnover of 31,827 crore rupees in fiscal year 2025-26. It has been recognised by the UNDP for its environmental efforts and was named among the ten greenest companies in India by TERI.

    Coromandel is part of the Murugappa Group, which posted turnover of 90,178 crore rupees in fiscal year 2024-25.

  • Maruti Suzuki Commissions 1 MWh BESS at Kharkhoda

    Maruti Suzuki Commissions 1 MWh BESS at Kharkhoda

    Maruti Suzuki India Limited has commissioned a 1 MWh Battery Energy Storage System (BESS) at its Kharkhoda manufacturing facility, advancing its commitment to a robust green energy ecosystem.

    The company installed a 20 MWp solar power project at the facility in 2025. The innovative BESS stores surplus solar energy generated during holidays and low-demand periods for later use, while also enhancing grid stability. The pilot project is integrated into the plant’s internal electricity distribution network.

    “Maruti Suzuki is strongly aligned with India’s focus on building self-reliant energy ecosystems,” said Hisashi Takeuchi, Managing Director & CEO, Maruti Suzuki India Limited. “The introduction of this Battery Energy Storage System at our Kharkhoda facility is part of these continued efforts. With a lifecycle of about 15 years, BESS will help reduce nearly 54 tonnes of CO₂ emissions annually.”

    Takeuchi added that despite rising production volumes, the company remains committed to lowering absolute Scope 1 & 2 emissions in line with parent Suzuki Motor Corporation’s target of a 42% reduction by FY 2030-31 compared to FY 2022-23.

  • Gujarat emissions model goes global as Rio launches first South America market

    Gujarat emissions model goes global as Rio launches first South America market

    The state of Gujarat, an Earthshot Prize 2025 finalist, is taking its pioneering emissions trading model global through a new partnership with the City of Rio de Janeiro, Brazil.

    The Emissions Market Accelerator (EMA) will help Rio explore South America’s first particulate matter emissions market, adapting proven lessons from India to cut pollution while supporting economic growth.

    The announcement was made at The Earthshot Prize Impact Assembly, co-hosted with Bloomberg Philanthropies during London Climate Action Week.

    “The Rio de Janeiro City Hall is taking a bold step forward in spearheading this innovative approach to reducing pollution,” said EMA Co-Chair Michael Greenstone, Milton Friedman Distinguished Service Professor in Economics at the University of Chicago.

    “We are thrilled to work with government leaders to ensure this market successfully reduces pollution while fostering continued economic growth.”

    Once launched, Rio’s emissions market would be the first of its kind in South America.

    Gujarat’s groundbreaking work on market-based pollution control spurred the launch of the Emissions Market Accelerator. The state has since launched a second market and is developing two more for sulfur dioxide and wastewater pollution. The EMA is also working with other Indian states and expanding globally.

    “This partnership with Rio marks an exciting step toward globalizing the success of market-based pollution control,” said Kaushik Deb, Executive Director of the EMA. “In Gujarat, we demonstrated that emissions trading can dramatically reduce pollution without compromising industrial productivity. Now we can take those lessons global.”

    Eduardo Cavaliere, Mayor of Rio de Janeiro, said: “Rio de Janeiro is proud to partner with the Emissions Market Accelerator (EMA) to bring market-based solutions to air pollution in South America for the first time. Gujarat’s emissions trading scheme, recognized by the Earthshot Prize, proves cities can harness innovative tools to protect people and the future.”

  • 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.

  • 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.

  • TTK Prestige wins CII greenco certification with 70% renewable energy

    TTK Prestige wins CII greenco certification with 70% renewable energy

    TTK Prestige, India’s largest kitchen appliances company, has earned the CII GreenCo Certification across all its manufacturing plants, capping nearly three years of focused sustainability investment that has driven a 51% reduction in CO₂ emissions and lifted renewable energy usage to 70% of total consumption.

    The certification, awarded by the CII–Sohrabji Godrej Green Business Centre under its nationally recognised Green Company Rating System, validates a sustainability journey that began in August 2023.

    It covers the company’s full manufacturing footprint and encompasses energy and carbon management, water conservation, material resource optimisation, green supply chain practices, product stewardship and waste reduction.

    “Sustainability for us is not an initiative — it is a fundamental part of how we design, manufacture, and innovate. Achieving the CII GreenCo Certification is a significant milestone in this journey and a validation of the consistent progress we have made over the past few years,” said Venkatesh Vijayraghavan, MD and CEO, TTK Prestige

    Beyond the headline renewable energy figure, the company reported a 24% reduction in water usage and measurable improvements in material yield across aluminium, stainless steel, plastic, paper and hazardous materials. Specific power consumption has also been reduced, with focused initiatives delivering waste cutbacks across product categories.

    Vijayraghavan said the gains were directly linked to the company’s broader product strategy. “Today, with 70% of our energy coming from renewable sources and a substantial reduction in our carbon footprint, we are building a manufacturing ecosystem that is both efficient and responsible. This enables us to deliver well-designed, superior quality products that are not only innovative and high-performing, but also aligned with environmentally conscious choices.”

    TTK Prestige said the certification reinforces its commitment to green manufacturing practices across its own production facilities, ensuring operations remain aligned with environmentally responsible standards while continuing to deliver consumer products. The company added that its forward focus would be on accelerating momentum and strengthening sustainable practices across operations as it positions itself as a future-ready, responsible brand.

    Part of the TTK Group, TTK Prestige has operated for over six decades and serves millions of Indian households through its Prestige brand, built on the pillars of safety, innovation, durability and trust. The company also owns UK-based Horwood Homewares, acquired in April 2016, and markets the Judge brand in India.

  • 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.

  • 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.

  • Garuda Aerospace reinforcing ESG awareness workshop

    Garuda Aerospace reinforcing ESG awareness workshop

    India’s leading drone manufacturer Garuda Aerospace held an ESG awareness workshop, reinforcing its dedication to ethical, accountable and sustainable business practices.

    The session attracted participation from more than 150 employees and stakeholders, highlighting the company’s priority on integrating sustainability into its operations.

    The workshop focused on educating attendees about Environmental, Social and Governance (ESG) principles, emphasising responsible practices, data integrity, compliance and skill development.

    Through structured sessions and interactive discussions, participants gained insights into how ESG awareness contributes to long-term value creation, operational transparency and responsible innovation in the aviation and aerospace industry.

    Rithika Agnishwar, Co-founder and Chief Administrative Officer of Garuda Aerospace, stated: “Sustainability starts with awareness and accountability.

    At Garuda Aerospace, we believe that responsible aviation goes beyond technology—it is about people, processes and purpose. This ESG awareness workshop is a step towards building a culture where ethical practices, data integrity and governance are deeply embedded in how we operate and grow.”

    The initiative is part of Garuda Aerospace’s ongoing efforts to promote responsible business conduct and alignment with international sustainability standards.