Greenko takes Climate Pledge, joins 200 cos

© Provided by The Times of India

Mumbai: Greenko, a leading renewable energy company, has become a signatory to ‘The Climate Pledge’. It joins more than 200 companies who have pledged to achieve net-zero carbon by 2040.

The announcement comes in response to the findings of the latest report from the United Nations’ Intergovernmental Panel on Climate Change (IPCC), which underscores the need for increased urgency in addressing the climate crisis. Experts have pointed out that unless there are immediate, rapid and large-scale reductions in greenhouse gas emissions, limiting warming to close to 1.5 or even 2 degrees Celsius will be out of reach. The Climate Pledge’s current signatories are expected to collectively mitigate 1.98 billion metric tons (BMT) of carbon emissions from a 2020 baseline, representing 5.4% of global annual emissions. This demonstrates the collective impact The Climate Pledge is having in addressing climate change and prompting more action to tackle the global crisis.

Greenko Group’s founder, CEO and MD Anil Kumar Chalamalasetty said, “As a leading renewable energy company with an operational portfolio of 7.5GW and a pipeline of 15GW of wind, solar, hydro and energy storage assets spread across 15 states in India, Greenko is proud to be joining The Climate Pledge and making the commitment to achieve net-zero carbon emissions by 2040 — 10 years ahead of the Paris Agreement. Greenko will continue to build upon its hallmark of environmental stewardship through greenhouse gas mitigation, climate risk management, conservation and restoration of habitats, as well as circular economic approaches.”

Businesses have long contributed to the effects of climate change, but deep cuts in emissions of greenhouse gases could stabilise increasing temperatures. A statement by Greenko Group said this is why urgent, ambitious action by companies around the world is needed.

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