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Sustainability

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Sustainability is becoming central to decision-making worldwide, as governments, businesses and civil society embrace a socially responsible framework to enhance environmental protection. India has played a leading role in combating climate change and meeting the Sustainable Developmental Goals. It is currently the only major country to meet and exceed its targets under the Paris Accords. India has played a prominent role in formulating the United Nations Sustainable Development Agenda 2030. It has diligently been working towards various developmental schemes such as the Jal Jeevan mission and Pradhan Mantri Ujjwala Yojana.

COP26 is a global platform that brings together stakeholders from all domains - public, private and social sectors to deliberate strategies and explore solutions towards a sustainable future. Hosted by the United Kingdom in Glasgow in November, this edition of the conference holds special significance as the world comes together to strengthen climate action at a time when the world is recovering from the unprecedented pandemic.

Developed countries such as India look to developed nations for financing support and investments to help facilitate the transition of various sectors towards clean energy. Additionally, the decarbonization of multiple sectors is significantly dependent on technology transfer or co-development of technology solutions to percolate the transformation from large entities to the MSME ecosystem. As India charts its socio-economic growth journey, consistent efforts are being made to maintain the dynamic equilibrium in human and natural systems. The country is balancing its economic growth ambitions, leading to high energy demand, with sustainability targets.

ASSOCHAM has been working closely with the Government and the Indian industry to facilitate various initiatives towards decarbonization and capacity building for a self-sufficient future in this space. The Chamber is leading efforts in mobility and alternative fuels, bringing in expertise from global leaders to help the Indian ecosystem benchmark its efforts and gain insights around best practices. ASSOCHAM has also been exploring segments such as green financing, technology development, and manufacturing of renewable energy components with its member network. Aligned with the country’s vision of positioning itself as a critical hub in global value chains, the Chamber has also been creating awareness among the MSMEs around the vital need to transition towards sustainable business practices.

ASSOCHAM@COP26



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