Representational image by rupixen.com on Unsplash
The Flipkart Group has pledged to establish a challenging net-zero goal, decarbonizing its own activities by 2030 and the wider value chain by 2040. Being the only Indian e-commerce company in India to pledge to this environmental target, this is in line with the worldwide Science-based Targets initiative (SBTi) of reducing the global temperature rise to below 1.5 degrees Celsius in accordance with the Paris Climate Agreement.
By improving energy efficiency at its corporate headquarters and supply chain facilities, as well as sourcing all of its energy needs from renewable sources like solar energy, the Flipkart Group will take steps in its own operations to reduce emissions to zero by 2030. Flipkart will also work with its sellers, customers, and partners to reach net-zero emissions by 2040. Flipkart recognizes that most of the climate impact comes from its extended value chain of suppliers, waste in operations, shipping and logistics, and product end-of-life.
To establish a clearly defined decarbonization strategy, the Flipkart Group will concentrate on the following important areas of influence in order to reduce the footprint:
*Sustainable platform: Promote initiatives and customer awareness for sustainable product support while developing circular business models.
*Impactful collaborations: Fostering industry partnerships on developing creative solutions for building a sustainable e-commerce model.
*Responsible value chain: By electrifying logistics, incorporating renewable energy, environmentally friendly packaging, waste management initiatives, and responsible sourcing into business practises.
Disclaimer: This article is taken from a press release issued by Flipkart.