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.

Real Estate

05 Sep 2025

Vitizen Hotels Signs Deal at Manyata Tech Park

Vikram Kamats Hospitality, as part of its ongoing expansion in key metropolitan markets, announced that its material subsidiary, Vitizen Hotels, has signed a long-term lease agreement for a 45-key hotel property at Manyata Tech Park, Bengaluru.Strategically located in the city’s prominent IT hub, the property is well-positioned to serve corporate travelers, business professionals, and long-stay guests. The addition aligns with the company’s asset-light growth model, leveraging long-term leases to expand its footprint in high-demand urban markets.The hotel is expected to strengthen the comp..

CONCOR Signs MoU with BPIPL to Operate Container Terminal at Bhavnagar Port

Container Corporation of India (CONCOR) has signed a Memorandum of Understanding (MoU) with Bhavnagar Port Infrastructure (BPIPL) on September 4, 2025, in New Delhi to operate and maintain the upcoming container terminal at the northside of Bhavnagar Port, Gujarat.BPIPL had earlier entered into an agreement with the Gujarat Maritime Board (GMB) in September 2024 for the port’s development. Under this arrangement, 235 hectares of land has been leased to BPIPL for 30 years, with provision for expansion by an additional 250 hectares.The new terminal is expected to significantly enhance logistic..

Concord Launches India’s First Indigenous Zero-Emission Rail Propulsion

Concord Control Systems (CCSL), a leader in embedded electronics and critical rail technologies, has announced the development of India’s first fully indigenous zero-emission propulsion system, marking a significant step toward the country’s railway electrification and net-zero goals for 2030.Powered by Lithium Iron Phosphate (LFP) batteries and featuring a DC chopper-based drive, the propulsion system eliminates idling losses common in diesel engines, offering higher efficiency, lower costs, and zero emissions.What sets this innovation apart is its completely indigenous design. Except for..