FMCG major Marico Ltd announced plans to achieve net-zero emissions in its global operations by 2040.
The company will introduce multiple sustainability initiatives across its global operations with a view of curbing greenhouse gas (GHG) emissions and promoting a carbon-neutral business agenda, Marico Ltd.
"At Marico, we are taking responsibility for our actions by announcing our vision to achieve net-zero emissions across our global operations by
2040," Marico MD and CEO Saugata Gupta said.
As part of this goal, he further said, "We will be integrating carbon-neutral strategies into our operations and take consistent steps to minimise our carbon footprint in the long run."
It will also integrate carbon neutrality measures across all existing and future product configurations and processes, conducting a thorough analysis of business risks and opportunities to create strategies that enable its transition to net-zero operations.
Gupta said the rise in global temperatures is creating conditions ripe for climate-related disasters at an unprecedented scale, from extreme heat waves and droughts to flash floods and cyclones.
"To contain, mitigate, and reverse this threat, businesses must embrace their role as responsible corporate citizens and transition to a carbon-neutral framework, as swiftly as possible," he added.
Marico said it also plans that it will make significant investments in low-carbon innovations and systems to accelerate the decarbonisation of its operational footprint apart from mapping direct and indirect emissions across its operations.
