ECONOMY & POLICY

"Reducing Carbon Footprint: Strategies for Environmental Sustainability"

Somewhere in 2006, Swedish pension funds concerned with global warming and environmental degradation were looking to diversify their portfolio to include investments in environment-friendly projects that would not carry additional risk. They could not find any such instruments. This led t...

Somewhere in 2006, Swedish pension funds concerned with global warming and environmental degradation were looking to diversify their portfolio to include investments in environment-friendly projects that would not carry additional risk. They could not find any such instruments. This led them to explore the possibility of creating an instrument like a regular investment product in terms of yield, security, risk and maturity, while addressing concerns related to the environment. After many discussions with stakeholders, the draft of an instrument was prepared. With this, investors approached the World Bank within a month of deliberations, the Bank accepted the concept and worked out the details and the first ‘green bond’ was born in 2008. This bond created the blueprint for today’s green bond in terms of the criteria to be followed to be classified as one. While drafting the product, financial and environmental teams interacted, understanding and addressing their respective concerns, to ensure that the bond meets the objective with which it was designed. This included criteria like opinion from recognised climate research institutions, transparency and impact reporting. This bond established that it is possible to raise funds at competitive rates for environmentally sustainable projects and that there is a large pool of investors willing to invest in such bonds. What are green bonds? Green bonds are fixed-income instruments funding projects related to the climate and environment. However, deciding what should count within that definition can be difficult. The Climate Bonds Initiative (CBI), International Capital Market Association (ICMA), European Union and Chinese government have developed guidelines to define green bonds. Broadly, green bonds finance projects aimed at energy efficiency, pollution prevention, sustainable agriculture, fishery and forestry, the protection of aquatic and terrestrial ecosystems, clean transportation, clean water and sustainable water management.

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Infrastructure Urban

JK Tyre Earns EcoVadis Silver, Ranks Among Global Sustainability Leaders

JK Tyre & Industries has secured a Silver Rating from EcoVadis, placing the company among the top-performing organisations globally on sustainability parameters. With this recognition, JK Tyre ranks in the 93rd percentile worldwide, positioning it within the top 7 per cent of companies assessed across industries for environmental, social and governance (ESG) practices.EcoVadis evaluates companies on four core pillars—Environment, Labour & Human Rights, Ethics, and Sustainable Procurement—offering a comprehensive assessment of sustainability performance. JK Tyre’s Silver rating re..

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Resources

IHS Hosts Landmark Branded Residences Meet in New Delhi

Investor Home Solutions (IHS) hosted a large-scale Branded Residences Meet at Yashobhoomi, New Delhi, bringing together over 2,000 high-net-worth investors from across industries on a single platform. The invite-only event focused exclusively on the emerging branded residences segment, positioning it as a distinct and fast-evolving asset class within India’s ultra-luxury real estate market.The meet moved away from conventional property showcases and instead centred on investment-led discussions, market insights and long-term value creation in globally inspired luxury residences. It highlight..

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Infrastructure Urban

Mount Invests Rs 250 Cr, Adds PUF & PEB Plants, 400+ Jobs

TUMKUR, Karnataka, January 8, 2025 - Mount Roofing & Structures Private Limited, one of India's  fastest-growing manufacturers in PUF and a leading solutions provider across Pre-Engineered Building  (PEB) and Polycarbonate sheets, simultaneously inaugurated its second fully automated continuous  Sandwich Panel manufacturing line and a new PEB manufacturing plant at its integrated campus in  Tumkur." The milestone expansion, part of a total investment of INR 250 crores, marks a significant  advancement in the company's commitment to engineered performance, manu..

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