Green Growth will have significant benefits for the Industry- experts

CII Green Business Centre  organizes the 12^th edition of the GreenCo Summit

PUNE: Adoption and implementation of green practices will significantly benefit the buyers, sellers and overall industry opined various experts. Confederation of Indian Industry (CII), Green Business Centre organized the 12th edition of the ‘GreenCo Summit’ at Hotel Westin on 12th  and 13th July 2023. The aim was the conference was to further advance the need & importance of Green initiatives in the Indian industry and share the latest green concepts & technologies, thereby fostering and promoting sustainable models.

Eminent Scientist Dr. R.A Mashelkar delivered the keynote address at the inaugural session. Jamshyd Godrej, Chairman CII Sohrabji Godrej Green Business Centre, Pradeep Bhargava, Chairman Green Co Summit and Chairman, CII GreenCo Council, Mr. Milind Wagle, Managing Director, Burckhardt Compression (India) Pvt Ltd, Vikram Kasbekar  Executive Director, Hero MotoCorp Limited amongst others were present at the inaugural session.

The theme of the conference was ‘Maximizing the Synergies of Net Zero, Circular Economy, and ESG’. The conference included a thought-provoking panel discussion featuring industry experts sharing their experiences and insights on maximizing the synergies between net zero and circular economy practices for environmental sustainability.

A GreenCo annual report was released at the hands of dignitaries at the inaugural session along with the release of GreenCo Rating System Version IV guidelines and GreenCo Publication – An Enabler of Net Zero. Companies achieving or retaining Platinum+ and Platinum GreenCo ratings were felicitated on the occasion. 

Dr.Raghunath Mashelkar said that GreenCo is not just a rating system or award but a movement and is making enterprises move up the curve. Looking at their performance in terms of revenues and profit, it is clear that Green Growth also means profitable growth. He added that talent, technology and trust, public-private partnership, integration, innovation and investment, speed, scale and sustainability, digitalization, decentralization, and decarbonization are the five principles for Green Growth.

Mr.Jamshyd Godrej, Chairman of CII Sohrabji Godrej Green Business Centre said that every company today has a green supply chain that has to be developed. It is not a humongous task to transform this into green supply consideration of the fact that 80% of the buy value is from 20% of suppliers. The benefit to the buyer and seller is enormous, not just the saving but huge reduction in waste, and benefits of recycling amongst others. He added that India is a vibrant economy, but when we grow we need a lot more energy. Green and Renewable energy will become crucial in the journey of net zero. 

Dr.Pradeep Bhargava, Chairman of Green Co Summit and Chairman, of CII GreenCo Council in the theme address said that  GreenCo as a concept looks at every conduct of enterprise with an integrated approach. At a time when the impact of climate change is real and now, it is in this context that the topic is important.