The National Bank for Agriculture and Rural Development (NABARD) has released its Climate Strategy 2030 to address the need for green financing in India. The strategy recognizes the significant financial requirements for India to meet its climate goals, estimated at $2.5 trillion by 2030, and acknowledges the current shortfall in green finance inflows. NABARD’s strategy aims to accelerate green lending across sectors, play a market-making role, undergo internal green transformation, and mobilize strategic resources to bridge this gap.
Leading real estate developers have demonstrated their commitment to sustainable development. DLF, for instance, has implemented practices that recycle millions of liters of water daily, reducing the strain on local water sources. The company prioritizes greenery preservation and has received recognition for its environmental, social, and governance excellence. Signature Global also emphasizes sustainable practices, achieving EDGE certification or IGBC gold ratings for its projects. Their water-saving initiatives include low-flow appliances, rainwater harvesting, and wastewater treatment facilities.
Remsons Industries, an auto ancillary manufacturer, has been recognized for its sustainability efforts with a Gold Medal in the Ecovadis Sustainability Assessment. The award acknowledges the company’s exemplary performance in environmental conservation, labor and human rights, ethics, and sustainable procurement.
These initiatives highlight the growing recognition of the importance of sustainable practices in addressing environmental challenges and promoting long-term resilience. The emphasis on self-regulation and behavioral changes among workers indicates a comprehensive approach to sustainability within the construction industry.
