To counter this imbalance, the next evolution of corporate giving must move away from fragmented philanthropy and shift toward strategic investments in underserved geographies. True impact is diluted when multiple organizations repeatedly fund the same communities, drawing a parallel to multiple people feeding a single individual while others elsewhere go hungry. By redirecting capital, corporate expertise, and long-term commitment to the country’s most vulnerable and isolated pockets, businesses can address deep-seated developmental gaps. This pivot ensures that corporate capital functions equitably, actively seeking out communities that have historically been left behind by mainstream development frameworks.

With institutional scale and substantial capital now secured, the future of corporate social responsibility lies in piloting scalable, evidence-based models that governments can later institutionalize. Instead of repeating isolated interventions, companies possess the unique capability to test innovative frameworks and build robust ecosystems in challenging environments. Real social transformation is ultimately achieved not by measuring the sheer volume of capital deployed, but by expanding the boundaries of development to include those who are still waiting to be seen.

#CSR #CSRIndia #CorporateSocialResponsibility #MCA #NationBuilding #ViksitBharat2047 #ViksitMaharashtra #SocialImpact #InclusiveDevelopment #DevelopmentSector #ESG #Sustainability #PublicPolicy #SDGs #NGO

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Highlighting the critical role of Company Secretaries, Shri Singh noted their position as governance catalysts in integrating circular economy principles into corporate practices. He reaffirmed IICA’s commitment to strengthening ESG frameworks through research and capacity-building initiatives, emphasizing the need for responsible governance to drive sustainable growth in a rapidly changing business environment.

#IICA #ICSI #ESG #ResponsibleBusinessConduct #CorporateGovernance #CompanySecretaries #Leadership #Compliance #Sustainability #CapacityBuilding #KochiConvention #GarimaDadhich

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#WomenInLeadership #NBCC #NAREDCO #Empowerment #sustainability

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The fleet was formally flagged off by Smt. Parminder Chopra, CMD, PFC, and Shri Manoj Sharma, Director (Commercial), reinforcing PFC’s dedication to driving positive change through electric mobility.

This initiative is part of our ongoing efforts to reduce carbon emissions and promote a cleaner, greener future. By transitioning to electric vehicles, PFC is contributing to a sustainable future for generations to come. 

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Mumbai, June 5, 2024:  India’s responsible miner and largest iron ore producer, NMDC celebrated World Environment Day 2024 today at its Head Office in Hyderabad and projects across India, pledging to nurture the environment.

The celebrations commenced with a ceremonial lamp lighting.  NMDC’s Senior Management Shri Amitava Mukherjee, CMD (Addl. Charge) along with Shri Vinay Kumar, Director (Technical) and Shri B. Vishwanath, CVO, led the employees in pledging to protect the environment. A special video was unveiled in line with the theme ‘Land Restoration, Desertification, and Drought Resilience’

Addressing the employees and emphasizing on the importance of sustainability, Shri Amitava Mukherjee, said, “Earth is the only planet that supports life and has the potential to heal itself, but the question arises who will heal us? Are we living responsibly and preserving the resources for our future generation. We need to take care of our carbon footprints at an individual level. Our steps are directly related to intergenerational equity, so make a wise & sustainable choice for a better tomorrow.”

Shri Vinay Kumar engaged with the employees, highlighting the critical aspects of water management, deforestation, energy efficiency, and renewable energy for sustainable development. He further added, “Let’s take actions on conservation, leaving a healthy environment for the generations to come.”

The event also saw the launch of the NMDC Environment Day 2024 memoirs by Shri Amitava Mukherjee. The winners of the Environment Day Contest, organized at the NMDC Head Office, were felicitated by Shri Amitava Mukherjee, Shri Vinay Kumar, and Shri B. Vishwanath.

Additionally, NMDC organized a plantation drive at its major project sites. Poster-making and essay writing competitions were also held for students and employees, fostering greater awareness and involvement in environmental conservation.

Through these initiatives, NMDC reaffirmed its commitment to sustainability and its role as a responsible corporate citizen. The company continues to prioritize environmental stewardship, ensuring that its operations contribute to the well-being of the planet and future generations.

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Sustainability has become a buzzword and crucial consideration for individuals, businesses, governments, and organizations worldwide. Whether it is meeting between Modi and Biden in Washington DC, or class sessions in schools — the talk on climate change and environmental concerns inevitably comes out to save the Earth from the vagaries of nature and calamities. From green energy to green homes, environment sustainability has caught the attention of people in droves. The stand of consumers has changed diametrically as they are increasingly becoming conscious of climate change and its impact on the environment and society, seeking products and services that align with sustainability. Businesses that prioritize sustainability can attract and retain customers, build brand loyalty, and gain a competitive edge in the market. From real estate to railway and from hospital to hospitality, climate change-&-sustainability has taken centre-stage of discussion across the industrial spectrum.

Real estate donning green skyline

India’s real estate sector is undergoing a transformative shift towards sustainability and environmental consciousness. With the growing concern for climate change and the need for energy efficiency, green and sustainable homes are emerging as the future of the country’s real estate industry. These homes not only contribute to environmental conservation but also offer numerous economic and health benefits to residents. A green and sustainable building is considered to be environmentally sustainable to maintain the quality of the environment. It uses environmentally friendly and recycled building materials, focussing on efficient use of energy, water and construction materials. According to studies, green buildings could save up around 30 percent of energy and 50 percent of water.

Green buildings going for higher occupancy rates

In order to combat climate change and frequent nature’s catastrophe, millennials and youngsters are religiously batting for eco-friendly and sustainable projects. According to a study conducted by Colliers and the Royal Institution of Chartered Surveyors (RICS), developers have put spotlight on green real estate and high-performance buildings in the face of new inclination of buyers towards sustainable homes. As per the report, green buildings have witnessed higher occupancy rates and rental premiums. According to Leadership in Energy and Environmental Design (LEED), a US-based global building rating and certification system, the expansion of LEED certified buildings underlines a significant change in the attitudes of buyers in India. Delhi-NCR, especially Gurugram, is said to be the topmost LEED building growth place among other big cities such as Mumbai, Kolkata, Bengaluru, Chennai, Pune and Hyderabad.

Modi Govt’s initiatives and cascading impact on real estate

In a bid to ensure sustainable development and preserve the ecosystem, the Modi government has taken several initiatives and steps to tackle climate change and rise in temperature. The BJP-led ruling establishment at Centre has over the past nine years launched various schemes to address the challenges of climate change: Green Rating for Integrated Habitat Assessment (GRIHA), Green Credit programme, Green Hydrogen Mission, GOBARdhan, MISHTI, Amrit Dharohar among others. During India’s National Statement at CoP26, organised in Glasgow in October-November 2021, Prime Minister Narendra Modi announced a global call for Mission LiFE (Lifestyle for Environment). Aiming at youth around the world, who take climate initiatives aligned with the concept of LiFE, the Union Ministry of Environment last year launched the “In Our LiFEtime” campaign to encourage young population aged 18 to 23 year to become messengers of sustainable lifestyles. Such concerted efforts of the Modi government have created an ambience of sustainability in India which has had cascading impact on the real estate industry as well.  The government has encouraged, emphasized and incentivized sustainable home projects. Real estate experts say that the government initiatives promote sustainable housing practices and contribute to the rising demand for green homes.

What real estate players doing for sustainable homes

The government initiatives and growing awareness among people have driven the demands for green buildings. In line with the vision of the Modi government, developers have embraced the significance of green real estate, incorporating advanced technology to minimize environmental impact, innovative construction designs with zero emission, sustainable materials, and use of green energy. Builders, especially in Delhi-NCR, have started work with renewable energy sources such as wind energy and solar power. These efforts will lower carbon emissions and dependence on fossil fuels as well. They have also prioritised energy-efficient appliances and lighting systems to minimize greenhouse gas emissions. The Delhi-NCR real estate players have signified rainwater harvesting systems and waste water treatment plants to encourage water conservation. Green spaces, vertical gardens and rooftop gardens are featured in housing societies in Delhi-NCR. Real estate players have focussed on electric vehicle charging stations, bicycle lanes, community gardens, sustainable infrastructure and amenities. Such initiatives of builders have encouraged people to follow eco-friendly practices, and create community engagement towards the environment.

Green homes: Cost savings for homeowners

One of the primary reasons green and sustainable homes are gaining traction in India is the potential for long-term cost savings. While the initial investment may be higher, the operational costs of such homes are significantly lower. Energy-efficient technologies and renewable energy systems reduce electricity bills, water-efficient fixtures minimize water expenses, and better insulation lowers the need for heating and cooling, resulting in reduced utility costs for residents. Additionally, government incentives such as tax breaks and subsidies for green buildings further enhance the financial benefits for homeowners and developers, making sustainable homes a financially attractive option. Delhi-NCR homebuyers are of the firm view that the higher price of green homes could be redeemed with long-term cost savings on the maintenance of sustainable housing apartments.

Wrapping up of words

The future of India’s real estate sector lies in the adoption of green and sustainable homes. With their focus on environmental conservation, energy efficiency, cost savings, and improved quality of life, these homes offer a multitude of benefits to both residents, especially in Delhi-NCR, and the nation as a whole. The growing demand for eco-friendly living spaces coupled with government support through incentives and certifications are driving the transformation of the real estate landscape. By embracing green and sustainable practices, India can pave the way for a more sustainable and resilient future, setting an example for the rest of the world to follow. Gurgaon-based real estate honchos have played commendable roles to keep the momentum of sustainability going as the skyline in Gurugram is getting blurred in a green and sustainable ecosystem — harbinger of effort to save the earth.

-Ramakant Chaudhary

Ramakant Chaudhary works with PR Professionals as DGM-Content Development, and has worked in various editorial roles with Financial Express, Mint (Hindustan Times Group), The Times Of India, Jagran Post (Dainik Jagran Group), The Pioneer, and The Political and Business Daily. He writes on politics, government policy, economy, infrastructure, real estate, social issues, lifestyle, and health

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As the people around the world are grappling with the vagaries of nature in the face of climate change and environmental degradation, the need for a transition to green energy sources has become imperative. In India, the ruling establishment at the Centre has put spotlight on the significance of green energy and resultantly the pursuit of a sustainable future is gaining momentum. India’s geographical location offers huge potential for harnessing solar power, making it one of the world’s largest solar energy markets. The country is blessed with abundant renewable energy resources, including solar, wind, hydro and biomass.

Need of transition to renewable energy, says Minister RK Singh

Addressing the first International Conference on Green Hydrogen 2023, Union Minister for Power and New & Renewable Energy RK Singh said that there is now a global consensus that necessitates a transition to renewable energy. “India is one of the lowest carbon emitters in the world, our per capita emissions are about one third of global average. This stems out of our culture which emphasizes simplicity, this culture is reflected in Mission LiFE as espoused by the Prime Minister,” he added.

Efforts for emissions reduction

On its Nationally Determined Contributions target, India has achieved 40 percent of non-fossil electricity target in 2021, 9 years before the deadline of 2030, the minister said, and added: “India has world-leading programmes in emissions reduction, such as LEDs, which has resulted in reduction of carbon dioxide emissions by 103 million tons per annum. Our Perform Achieve Trade Scheme has reduced in emissions reductions of around 106 million tons per annum.” He informed that 42 percent of power generation capacity of India today is based on non-fossil-fuels and that the country will overachieve the target of 50 percent capacity from non-fossil fuels by 2030.

Govt push for energy efficiency

The ruling dispensation at the Centre under the premiership of Narendra Modi has taken significant steps to promote adoption of green energy. The introduction of the National Solar Mission and the National Wind Energy Mission has set ambitious targets for renewable energy capacity addition. Various financial incentives, tax benefits, and subsidies are being provided to attract investments in renewable energy projects. Additionally, the government’s push for energy efficiency and the adoption of electric vehicles complement the green energy drive, creating a holistic approach to a sustainable future.

Job opportunities

Green energy offers numerous advantages over traditional fossil fuels. It is environmentally friendly, producing minimal carbon emissions and reducing air pollution. This contributes to improving the overall air quality and public health. Renewable energy sources are infinite, ensuring long-term energy security and reducing dependence on imported fossil fuels. Green energy projects can create job opportunities as well, driving economic growth and social development. Green energy technologies are becoming more cost-effective, with declining prices of solar panels and wind turbines, making them increasingly affordable and economically viable.

-RAMAKANT CHAUDHARY

Ramakant Chaudhary works with PR Professionals as DGM-Content Development, and has worked in various editorial roles with Financial Express, Mint (Hindustan Times Group), The Times Of India, Jagran Post (Dainik Jagran Group), The Pioneer, and The Political and Business Daily. He writes on politics, government policy, economy, infrastructure, real estate, social issues, lifestyle, and health

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