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

02 Jun 2026

Dash Square Adds Ashley Study Furniture

Dash Square has expanded its furniture portfolio with a curated study furniture collection from Ashley Furniture Homestore. The range is designed for contemporary homes where work, study and creative activities increasingly require dedicated and well-planned spaces.The collection includes writing desks, executive workstations, storage-led study units and display shelving. It combines practicality, comfort and design to create workspaces that are functional as well as visually appealing.One setting features a light-toned desk with coordinated bookcases and storage cabinets, creating a bright an..

Suraj Estate Arm Acquires Mahim Land Rights

Suraj Estate Developers, through its wholly owned subsidiary Iconic Property Developers, has signed an MoU to acquire development rights for a land parcel in Mahim (West), Mumbai, for Rs 75 crore. The plot measures around 2,941 sq m and is located next to the company’s ongoing commercial project, Suraj One Business Bay.After amalgamation with the existing commercial development, the land is expected to generate additional saleable carpet area of around 1.50 lakh sq ft, with an estimated gross development value of Rs 800 crore. The project is expected to strengthen the company’s near-to-med..

AGNI Launches Industry Benchmarking Drive

The Association of Global NICMARians (AGNI), the alumni body of NICMAR, hosted ASPIRE 2026 in Mumbai under the theme ‘Innovation to Transformation’. The symposium brought together professionals from construction, infrastructure, real estate and project management to discuss technology, AI, sustainability and data-led decision-making.At the event, AGNI announced its vision to emerge as an industry think tank and launched initiatives including an Industry Benchmarking Programme. It also proposed a digital ecosystem with tools for innovation impact assessment, salary benchmarking, company ben..