SBTi Approves Flender’s Net-Zero Emissions Reduction Targets

31 Mar 2025 CW Team

The Science Based Targets initiative (SBTi) has approved Flender’s net-zero greenhouse gas emissions reduction targets, confirming their alignment with global climate goals. The German drivetrain solutions provider commits to cutting absolute scope 1 and 2 emissions by 63 per cent by FY 2030 (from an FY 2021 baseline) and reducing scope 3 emissions by 51.6 per cent per ton of sold product. By FY 2045, Flender aims to reduce scope 1 and 2 emissions by 90 percent and scope 3 emissions by 97 per cent per ton of sold product. Sustainability initiatives include waste heat recovery at its Bocholt site, green electricity procurement in North Rhine-Westphalia, and solar power generation at facilities in India and Germany. CEO Andreas Evertz emphasised the urgency of climate action, stating, “Despite global challenges, we remain committed to science-based climate targets.” Flender’s sustainability efforts have earned it a top 1 per cent ranking in EcoVadis and the German Sustainability Award 2024.

Infrastructure Urban

06 Apr 2026

InsideFPV Delivers ₹10 Crore Kamikaze Drone Order Under MoD’s EPR Route

InsideFPV, a Surat-based drone technology manufacturer, has successfully executed a ₹10 crore defence contract to supply indigenous kamikaze drones under the Ministry of Defence’s Emergency Procurement Route (EPR). The company completed the delivery of hundreds of FPV kamikaze drone platforms within a rapid two-month timeframe, highlighting its ability to meet urgent military procurement timelines.The supply orders were fulfilled under the emergency procurement mechanism, which is aimed at fast-tracking acquisitions for immediate operational needs. InsideFPV’s quick execution reflects it..

Vedanta Resources Secures Fitch Upgrade to ‘BB-’, Best Rating Since 2015

Vedanta Resources Limited (VRL), a global player in metals, oil & gas, critical minerals, power and technology, has received a credit rating upgrade from Fitch Ratings, marking its strongest bond rating in over a decade.Fitch has raised Vedanta Resources’ Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘BB-’ from ‘B+’, while maintaining a Stable Outlook. The agency also upgraded VRL’s senior unsecured rating, along with the ratings of US dollar-denominated bonds issued by Vedanta Resources Finance II Plc and guaranteed by VRL, to ‘BB-’.The upgrade represents Vedan..

NAREDCO NextGen NCR Chapter Launched

The NAREDCO NextGen NCR Chapter was recently launched at Excelerate 2026 in Mumbai, marking a key step towards integrating emerging real estate leaders from the National Capital Region with the national platform. The initiative aims to promote sustainable and responsible urban development through collaboration and knowledge exchange.The event brought together young developers, entrepreneurs, and professionals from across NCR, including Noida, Gurugram, Ghaziabad, Faridabad, Bhiwadi, and Meerut. Discussions focused on urban development, finance, sustainability, innovation, and policy, emphasisi..