India is going big on green and eco-friendly initiatives, and this is understandable. The country is witnessing an important moment in history where it realizes that the knock-on effects the environment is experiencing will have an impact on the country’s population, business, food supplies, and pretty much anything you can think about.
Faced with this realization, India’s largest companies are pushing to be at the very forefront of global efforts to adopt green initiatives. Plus, it doesn’t hurt to burnish your reputation as a business that spearheads climate change. Much like India saw the adoption of UPI payment casinos, the country is now pushing for a greater, more impactful change across the board when it comes to green policies.
1. Going Green – Think Power Supply
The first thing that many Indian corporations, especially those with deeper pockets, is to think logically about climate change and the environment. The biggest motivator for many companies is cutting costs and boosting their bottom lines.
As electricity and energy production are increasingly contributing to some of the world’s worst climate events, many businesses have realized that they can combine these two things – their need to pay less for energy bills and do their bit in helping tackle the issue of climate change.
By turning to renewables, such as geothermal energy and solar panels, businesses have been able to not just greedily reduce their energy bill but also focus on emitting much less, making sure that it is not harming the environment. Here are several examples of renewable energy strategies that Indian companies have used.
| Solar panels | Solar panels are the cheapest and easiest options. They are flexible, and you can install them after or later in a business company’s cycle. |
| Geothermal energy | This one requires thorough planning. By introducing geothermal energy, you can further reduce costs for your business, as many Indian companies are doing. They are able to use complicated underground rods that draw energy directly from the Earth’s crust. |
| Buying on the free market | Some companies are also looking to buy from providers that exclusively work with renewable energy sources. |
2. More Than a Lip-Service– Actual Commitment
Another thing to consider is whether Indian companies and big businesses, in particular, are actually doing their honest efforts to make sure they are part of the green transition – everything seems to suggest that they are doing what it takes.
For example, you may have noticed that India is a country with a strong labor force and access to cheaper goods because many of those are made locally. It gets even better as the country can swiftly import cheap solar panel technology from China, which further boosts its credentials in the green sector. As Roulette 77 likes to say about the game roulette – but this is applicable in this case – if something makes sense – you should do it.
But is it just the sun that India’s businesses are trying to harness? Not at all! Many businesses are actually collaborating on bigger eco-focused projects, even if they are not specializing in building technology that is focused on energy sources, for example.
So far as the green adoption rush has gone, companies are fully cognizant of the fact that in order to be seen as green, they ought to act like such entities. Here are several ways in which the efforts by big Indian companies have not just been lip service when it comes to going green:
- Businesses have made real, tangible efforts
- Many are independently certified and awarded
- There is a huge financial benefit for businesses to go green
- The technology behind the green transition has become increasingly cheap
3. Slashing Carbon Emissions
Another thing that Indian companies have been able to do is to start slashing carbon emissions. Most new offices are carbon-zero. This means that the concrete used does not emit any agents into the environment that could later lead to pollution.
These buildings, apart from becoming self-sustained through renewable energy, are also designed in an increasingly clever way to save increasing amounts of energy – whether it’s the light bulbs, the way people use and plug in their devices, or something else entirely.
The green transition has no doubt been a little annoying to some businesses, but nearly every big Indian corporation has come to embrace the fact that green is not only good for your social credentials – it comes with actual economic and business benefits that are hard to top by, say, sticking to the old way of doing things.
Slashing carbon emissions has not only become a driving motivator for businesses in India but has also been a lodestar – a core principle that informs and guides business decisions. Although the global green transition would indeed cost tremendous amounts of energy, it turns out that the transition of Indian businesses towards greener policies need not be too expensive at all!
