Environment

First commercial passenger flight in India, powered by a blend of Indigenously produced Sustainable Aviation Fuel takes wing. Air Asia India, Praj, and IOCL collaborate to create history. In a remarkable feat, India’s maiden commercial passenger flight using a blend of indigenously produced SAF (Sustainable, Aviation Fuel) soared high from Pune to Delhi on the 19th of May 2023.   This marked a significant development in the decarbonization of the aviation sector. The Indian Oil Corporation (IOCL) in partnership with Praj Industries, supplied the blend of SAF to the Air Asia flight i5-767 The Hon. Union Minister of Petroleum and Natural Gas, Hardeep Singh Purl, was personally present to receive this special flight at the New Delhi airport.   This

Specialty chemicals company LANXESS has announced that it will make its entire value chain climate-neutral by the year 2050. As an industry forerunner, this Flavors & Fragrance business unit is all set to offer sustainable product variants for its entire portfolio comprising preservatives, flavors, fragrances, and animal nutrition products by 2023-year end. The vital products of this business unit include its’ preservatives Kalaguard and Purox, and the flavors and fragrances under the brand umbrella, Kalama and Purolan. Head of the Flavors & Fragrances business unit, Holger Hueppeler says that with the transformation of their production, they will be reckoned as pioneers in offering sustainable products and leading the shift and development towards sustainability in the personal and home care industry.

Arya. ag, one of India’s largest profitable agritech platforms, has joined forces with Bayer CropScience, a well-known global leader in the life science fields of agriculture and healthcare, in a strategic collaboration that is aimed at promoting sustainable agriculture. This partnership aims at optimizing resource utilization and delivering definable and economic benefits to all farmers, FPOs, and other stakeholders involved in the food value chain. The partnership reflects the commitment of both companies to provide access to sustainable agriculture practices for farmers across India. The collaboration marks a significant milestone for both companies and under the MoU, Arya. ag and Bayer CropScience will work together on several projects to achieve their sustainability goals. Arya. ag will offer its services to

The growing interest in companies towards implementing CSR projects to protect the environment and climate is steadily increasing. We have also seen a growing trend in companies’ interest to invest in environment flagship projects and RBI playing the role of catalyst in guiding CSR towards saving the environment. Indian corporations need to climate action into business operations. Green financing is a new, promising, and effective form of climate investment. Corporate Social Responsibility (CSR) financing and philanthropy in this aspect play a critical role. However, recent data by the Ministry of Corporate Affairs reflects that funds directed towards climate change and the environment have formed the lowest share, averaging about 9% between 2014 to 2020. SDGs and the Indian CSR regulation