Taking the pledge of carbon neutrality forward, UFlex signed an MOU and on-boarded CREDUCE – Carbon Credits Consultancy as their consulting partners to achieve end-to-end ‘carbon neutrality’. The scope would encompass an analysis on carbon footprint & neutrality, creating and formalizing carbon & plastic credit balances on an internationally accepted and recognized platform as a part of sustainable development goal, carving out a sustainability roadmap and more.
“We were always committed to steer our group towards sustainable environmental practices, especially to achieve carbon neutrality in Scope 1 & Scope 2 emissions. We aspire to cut about 175,000 tonnes of carbon emission equivalent by the end of year 2024 across the group,” asserts Jeevaraj Pillai, Joint President – Flexible Packaging Business, UFlex.
As a socially responsible corporation, UFlex has been leading the way in creating future-ready, innovation-led, and technology-driven sustainable solutions towards securing a brighter and healthier tomorrow. In their quest toward a cleaner and greener environment, the company has announced an understanding with CREDUCE Technologies Limited. With this commitment, UFlex stands to become the largest firm in this category, to take effective steps to meet its Environment, Social and Governance (ESG) goals. This would entail co-creating a time-bound strategy towards carbon neutrality, beginning with their Flexible Packaging division, followed by other group divisions.
“It is a huge honour and excitement to see such Industry giants taking big leaps towards sustainability and Carbon neutrality. We would be able to strategize a path towards a complete zero carbon footprint. These accruals of carbon credits would be clubbed with community development initiatives like smokeless cook-stoves & clean drinking potable water. Firms like UFlex can lead the way for other players to follow,” says Shailendra Singh Rao, Director CREDUCE.
Several studies have addressed the environmental impact of #plastic, but more focus needs to be placed on #plasticwastemanagement #sustainable production processes, reducing dependency on fossil fuels and such steps that will lead to positive environmental impacts such as decreasing greenhouse gas (GHG) emissions. Considering all the above, organisations worldwide are steadily moving towards Carbon Neutrality and Net Zero Carbon Emissions. The MoU reaffirms corporate India’s strides towards achieving the sustainability goal and helping India lead the environmental fight back.