On Earth Day, Marico Ltd, a leading FMCG company, reaffirmed its commitment to sustainability with a target of using 93% renewable energy by 2030. The company began its transition to clean energy in 2017 and has made significant progress since then. Marico has launched a formal Sustainability Roadmap with ambitious targets, including achieving net-zero emissions across its global operations by 2040 and in India by 2030. To achieve this, the company aims to scale up its renewable electricity usage to 93% by 2030, a threefold increase since 2017.
Currently, Marico meets 67.4% of its operational energy requirements through clean energy sources, having already doubled its usage of renewable energy. The company plans to reduce direct greenhouse gas emissions by 93% and offset the remaining 7% through sequestration and carbon offset by 2030. To further its renewable energy journey, Marico’s Jalgaon unit has signed a Green Energy Agreement with Maharashtra State Electricity Distribution Company Ltd. to source 100% green energy.
According to Amit Bhasin, Chief Legal Officer at Marico, the company recognizes the importance of environmental stewardship and is committed to minimizing its impact on the planet. Marico has implemented sustainable practices into its operations and partners with environmentally conscious suppliers. The company has taken pioneering steps, such as transitioning to coal-free operations and implementing agro-fuel-based boilers, to reduce its environmental footprint.
Marico ensures transparency in reporting its progress towards measurable goals and believes that integrating environmental responsibility into its core values will enable it to sustain a thriving business and a healthy planet for generations to come. With its commitment to sustainability, Marico is taking significant steps towards achieving its vision of a net-zero future. The company’s efforts demonstrate its dedication to reducing its environmental impact and promoting responsible business practices, making it a leader in the FMCG industry.