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UFlex partners with Creduce to achieve carbon neutrality
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Saturday, 24 September, 2022, 16 : 00 PM [IST]
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Our Bureau, New Delhi
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Prime Minister Narendra Modi’s pledge to make India Net Zero by 2070 has buoyed up the country’s corporate leadership in the carbon market.
Taking the pledge forward, two of India’s largest firms in their own domains have signed an agreement to make this dream a reality. India’s largest multinational company in flexible packaging materials and solutions UFlex signed an MoU and on-boarded Creduce – India’s fastest growing 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 formalising carbon & plastic credit balances on an internationally accepted and recognised platform as a part of sustainable development goal, carving out sustainability roadmap and more.
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 towards 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 divisions of the group.
“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 tonne of carbon emission equivalent by the end of year 2024, across the group. Through our CSR initiatives, we also aspire to implement various community development and outreach programmes to achieve the stiff ESG goals that we have set for ourselves,” asserts Jeevaraj Pillai, joint president – Flexible Packaging Business, UFlex.
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