Flipkart Group Commits To Net Zero Carbon Emissions By 2040
Kolkata, June 23: The Flipkart Group, India’s homegrown internet ecosystem, has committed to setting an ambitious Net Zero target, to decarbonize
its own operations by 2030 and the larger value chain by 2040.
This is in line with the global Science-based Targets initiative (SBTi) of keeping the global temperature rise to below 1.5 degrees Celsius per the Paris Climate
Agreement, becoming the only Indian e-commerce company in India to commit to this environmental goal.
As part of this commitment, the Flipkart Group will take measures in its own operations to reduce 100% of emissions by 2030 by increasing energy efficiency at its Corporate office, supply chain facilities and powering its energy requirements through renewable sources such as solar. Recognising that the majority of the climate impact comes from Flipkart’s extended value chain of suppliers, waste in operations, transportation and logistics, and product end-of-life, it will also work with its sellers, consumers and partners to achieve Net Zero emissions by 2040.
Kalyan Krishnamurthy, Chief Executive Officer, Flipkart Group, said, “We are proud to announce our commitment to Net Zero emissions by 2040. This commitment is a significant undertaking in our journey towards building a sustainable business, and we want to play our part in adopting a proactive approach to create shared value across the ecosystem.”
“As part of our Net Zero efforts, our sustainability initiatives will include the larger ecosystem, comprising our sellers, customers, and brands, to bring about an industry-wide shift. We recognise the importance of working collaboratively to reduce climate impact and will continue to steer our efforts towards this commitment and to decarbonise the e-commerce value chain.”
