Sustainability Insights from Industry Leaders for 2024 and Beyond
As we bid farewell to 2024, a year marked by significant progress in sustainability across industries, BISInfotech is gearing up to celebrate these achievements and look ahead to the future. Our exclusive 2024 Industry Outlook invites visionary leaders to share their milestones and strategic plans, offering a unique platform to explore how organizations are shaping a more sustainable tomorrow. Featuring perspectives from prominent industry leaders, this story will highlight the strides made in 2024 and illuminate the forward-thinking goals set for 2025.
How sustainable was your company in 2024?
In 2024, Addverb‘s commitment to environmental preservation was unwavering. We focused on lowering emissions through comprehensive monitoring and reduction measures, while also harnessing solar energy and optimizing energy use through efficient robotics and automation. Water conservation, waste management, and environmentally conscious methods were prioritized, assuring a sustainable future for generations to come.
Nehal Gupta, Founder and Managing Director of AMU shared that in 2024, AMU advanced sustainability by financing EV adoption across 15 states, providing green asset loans, and empowering women through the SEWA program for electric two-wheelers. We promoted community awareness on eco-friendly practices and reduced carbon emissions by supporting over 10,000 clients in transitioning to electric transport. Our internal culture prioritized sustainability and workforce empowerment, aligning our team’s efforts with our mission of creating a cleaner, inclusive EV ecosystem.
2024 has been a pivotal year for Asia Shipping, underscoring the indispensability of agility and technological integration in logistics. By leveraging CargoWise, we transformed operational efficiency, streamlining workflows, reducing inefficiencies, and enhancing supply chain transparency. Our foray into AI-driven automation revolutionised decision-making, enabling real-time responsiveness and improving customer satisfaction. These advancements reaffirmed the importance of marrying innovation with sustainability to remain competitive in a rapidly shifting global economy.
Ramesh Babu, CIO, DigiKey stated that 2024 was projected to be a year of transition and investment for us, and it was. Thanks to our investments this year, our capabilities have increased significantly. We’ve already seen those capabilities necessitated as our customer count growth is at a record high.
In 2024, Ekkaa Electronics demonstrated its strong commitment to sustainability by integrating eco-friendly practices across its production, sourcing, and product life cycles. The company achieved a remarkable 30% reduction in carbon emissions by adopting energy-efficient manufacturing processes and transitioning to renewable energy sources. Additionally, it focused on designing modular, repairable products to extend product lifespans and minimize e-waste.
A key aspect of Ekkaa’s sustainability strategy was its commitment to promoting circularity. Through innovative take-back programs, customers were encouraged to return used electronics for responsible disposal, refurbishment, or recycling. This process involved an efficient recycling method where plastics from old or discarded products were processed through specialized machines, cut into minute particles, reheated, and reshaped into fresh raw material. This material was then customized into different sizes for TV back panels.
Rajesh Shah, MD, Euro Panel Products Ltd commented, “At Euro Panel Products Limited, we are highly committed to environmental responsibilities. This dedication led us to expand the capacity of our solar power generation plant to achieve a capacity of 1.2 megawatts. We have also stepped up our LDPE waste recycling efforts to address the challenge of managing plastic waste. Furthermore, as part of the ACP sheet industry, Aluminium waste recycling has been a major part of our focus to reduce the subsequent environmental impact, as we collect, sort, and supply the majority of our aluminium waste to certified recyclers. Euro Panel Products has also taken a proactive stance in ensuring responsible water management, installing a new Effluent Treatment Plant and a Sewage Treatment Plant (STP), mitigating the scope of water pollution.”
Salloni Ghodawat, Director of Ghodawat Consumer Ltd. bolded the following
- Environmental Sustainability: Ghodawat Consumer Limited (GCL) is committed to sustainability through renewable energy, waste reduction, water conservation, and achieving carbon neutrality by 2030. Our environmental initiatives include a 1640 kW solar plant generating 2593 MWh and 2.5 MW wind turbines. GCL aims for zero landfill and water neutrality by 2030, and in 2022-23, we recycled 912 MT of plastic and harvested 23,367 KL of rainwater. We also prioritize employee welfare, diversity, and community engagement, while maintaining strong governance practices to ensure regulatory compliance and corporate integrity.
- Social Sustainability: GCL is committed to community development. Our village adoption program in Tamdalge, Dist- Kolhapur, Maharashtra focuses on healthcare, plantation, oxygen parks, and cleanliness drives, actively involving employees in these efforts. We’ve adopted Tamadalge village school for renovation, donated saplings to recovering patients at Alliance Hospital, Ichalkaranji. We have also provided infrastructure support to Devansh Sevabhavi Sanstha Community Centre at Kognoli, Dist. Belgaum, Karnataka. Every Month, GCL supports Mauli Old Age Center with monthly groceries and funds to strive for the betterment of the lives of more than 60 bedridden patients.
Henkel achieved 61% CO2 emissions reduction from our production per ton of product, 89% of renewable electricity use in operations and 17% CO2 emissions reduction from raw materials and packaging per ton of product (scope 3).
In November 2024, Henkel has extended its climate commitment to achieve Net-Zero greenhouse gas emissions by 2045.
In 2024, Lectrix EV achieved substantial milestones in sustainability, covering an impressive 22,21,04,383 kilometres with our electric vehicles. This contributed to a remarkable reduction in carbon emissions, saving a total of 66,63,132 kilograms of CO2. With Thousands of eco-conscious users, our journey underscores our commitment to minimising environmental impact. The transition to EVs reflects a growing awareness among users about sustainable alternatives to petrol, motivated by cost savings, environmental benefits, and government incentives. Our Battery-as-a-Service (BaaS) model further promotes affordability and accessibility, making EVs a practical choice for everyone.
In 2024, MASL reinforced its commitment to sustainability through Environmental, Social, and Governance (ESG) initiatives. Environmentally, we reduced our carbon footprint in projects, adopted green solutions, and implemented strict eco-friendly practices at work, ensuring diligent resource management and waste reduction. Socially, we prioritized community engagement and introduced diversity and inclusion programs to create and nurture an inclusive workplace. MASL maintained transparent reporting and upheld ethical business practices in governance, aligning our growth with global sustainability and responsibility goals.
In 2024, MosChip® solidifies its position as a leader in the industry. Notably, the company, in partnership with Socionext, secured the “HPC Processor SoC Development” project, leveraging advanced 5nm technology to capture new global and domestic markets. Other notable achievements include winning Qualcomm’s ‘Partner Par Excellence for Software’ award for the second consecutive year.
Other strategic investments include
- Investment into Device and Digital Engineering, enhancing capabilities in AI/ML, IoT & cloud solutions.
- Investment in MosChip DigitalSky™ for global impact, underscores the commitment to groundbreaking digital solutions.
- Development of an Indigenous Smart Energy Meter IC
In 2024, Trailytics drove sustainable growth by using AI for data-driven insights and performing root cause analysis (RCA) to reduce inefficiencies and resource consumption. We prioritized remote operations and cloud-based data management to minimize our environmental footprint. Additionally, our analytics tools helped brands make eco-conscious decisions, fostering sustainability across the value chain. Through these efforts, we supported our sustainability goals and empowered clients to achieve responsible, long-term growth with minimal environmental impact, said Anirudh Varshney, Founder and CEO, Trailytics.
Samrath Singh Kochar, Founder and CEO, Trontek asserted, “Our company is a leading name in lithium-ion battery production, excelling with battery technologies that have a longer life, faster charging, and high energy density. In 2024, we have empowered more than 1,00,000 e-rickshaws and 2,00,000 two-wheeler Electric Vehicles (EVs), impacting 1,72,369 vehicles overall, contributing to sustainable mobility. Additionally, we became a part of renewable energy initiatives by energizing over 30,000 solar panels and reducing carbon emissions through the installation of more than 50,000 units. These efforts have earned us recognition at EV Battery Show 2024, where Trontek was honoured with two prestigious awards- “Company Of The Year- Battery Manufacturing” for our advancements in lithium-ion batteries and “New Product Launch Of The Year: Battery ” for our effective and innovative solution in battery technology.”
In 2024, UST made significant strides in sustainability, aiming for net-zero emissions by 2040. Direct and energy-related emissions have dropped 19% since 2020, with 73% of energy now sourced from renewables. All e-waste is diverted from landfills, supported by an advanced biodegradable waste management solution developed with academia partnership. Initiatives like Green Commute encourage eco-friendly travel, supported with a new EV charging station on campus. UST trains engineers in Green IT to optimize resource use and energy efficiency. Additionally, UST restored 100 acres in Kerala’s Wayanad Wildlife Sanctuary.
As asserted by Siva Balakrishnan, Founder & CEO of Vserve, in 2024, sustainability was at the core of Vserve’s strategy. Across our operations, we integrated energy-efficient practices and introduced technology that minimizes resource consumption. Additionally, we prioritized partnerships with suppliers who share our commitment to sustainability, fostering a greener, more responsible supply chain. These initiatives not only reduce our environmental impact but also underscore our dedication to a sustainable future within the e-commerce landscape.
In 2024, YCook has made significant strides in sustainability through a comprehensive cycle strategy. We focus on reusing materials and supporting local livestock by recycling waste, which enhances our farming ecosystem. Our farming ecosystem is improved by the reuse of the majority of goods and the support of local livestock through waste. A key milestone for YCook was its integration with over 1,800 farmers, ensuring fresh, residue-free produce grown according to Good Agricultural Practices (GAP).
We have significantly decreased our carbon emissions by employing innovative strategies and reducing our dependency on carbon-intensive technologies. Our operations prioritize energy efficiency, which enables us to reduce carbon emissions and electricity consumption, thus enhancing the effectiveness and economics of our sustainability initiatives.
What are your key plans for 2025?
Suumit Joshii, Head of Business Excellence, Addverb said that looking ahead to 2025, we intend to prioritize sustainability by building robots that are not only energy efficient, but also have a longer battery life, reducing the need for replacements. Our goal is to reduce waste and environmental effect throughout the product’s lifecycle, while also setting new standards for eco-friendly robotics and innovation.
In 2024, AMU advanced sustainability by financing EV adoption across 15 states, providing green asset loans, and empowering women through the SEWA program for electric two-wheelers. We promoted community awareness on eco-friendly practices and reduced carbon emissions by supporting over 10,000 clients in transitioning to electric transport. Our internal culture prioritized sustainability and workforce empowerment, aligning our team’s efforts with our mission of creating a cleaner, inclusive EV ecosystem.
Amit Tandon, CEO & Managing Director, Asia Shipping India said as we welcome 2025, our ambitions are firmly anchored in innovation and expansion. The imminent launch of Waysia, our cutting-edge, fully digital freight forwarding platform, epitomises this vision. With its intuitive design and autonomous functionality, Waysia offers clients unparalleled freedom to manage their logistics seamlessly, 24/7, while benefitting from highly competitive rates.
Beyond Waysia, we are committed to embedding robotic process automation across operations to enhance precision and minimise environmental impact. The integration of blockchain technology will bolster transparency, while our planned expansion into trucking, and e-commerce reflects a strategic broadening of our service portfolio.
Asia Shipping envisions 2025 as a year of technological ascendancy, eco-conscious innovation, and client-centric growth, ensuring we remain at the forefront of global logistics.
Digikey sees 2025 as a strong year for consumption and encourage our customers to design with flexibility in mind. Their customers appreciate DigiKey’s high-quality service. Next year, they plan to optimize their systems to be more efficient and allow customers to self-serve better than ever.
“Ekkaa Electronics is committed to building a comprehensive sustainability plan for 2025, with the primary goal of significantly reducing its environmental footprint. The company intends to further enhance the sustainability of its supply chain by partnering with ethical suppliers who adhere to environmentally responsible practices and uphold fair labor standards.
By 2025, Ekkaa aims to achieve carbon neutrality by adopting innovative energy solutions, optimizing production processes, and transitioning to fully renewable energy sources wherever feasible. Additionally, the company plans to maintain complete transparency in reporting its environmental impact, ensuring accountability and fostering trust among stakeholders. These initiatives reflect Ekkaa’s dedication to setting new benchmarks in sustainable manufacturing while aligning its operations with global environmental standards,” according to Sagar Gupta, Managing Director, Ekkaa Electronics.
Euro Panel Products Limited’s goals for 2025 include supplementing our environmental goals by refining our processes with global best practices and emerging sustainability trends. We are striving to embrace innovative and responsible waste management and energy practices to set new benchmarks for environmental consciousness and contribute positively to our planet and the communities we serve.
According to Salloni Ghodawat, Director of Ghodawat Consumer Ltd.:
- Environmental sustainability: GCL aims for carbon neutrality by 2030, expanding renewable energy (wind, solar) and biomass. We plan to have zero landfilling and water neutrality by 2030 and also neutrality blueprint in FY 2025-26. Key goals include enhancing employee wellbeing, expanding diversity, community engagement, improving governance, and advancing sustainable business practices and digital transformation by 2025.
- Social sustainability: For FY 2025-26, GCL has chosen a government primary school at Nimshirgaon, Dist- Kolhapur, Maharashtra to provide basic amenities like- hygienic toilets and drinking water facilities. Also, village surveys are planned with a goal to achieve a clear path for FY 25-26. CSR activities for community empowerment through Water harvesting, and lightning retrofit in 5 nearby villages are planned. Also, we’re spreading awareness on the importance of Water conservation in the society. GCL will continue striving for Mauli old age center.
“Our key plans for 2025 include the development and launch of new products with >50% of renewable carbon content (e.g. biomass based), circular innovation to enable debond-on-demand and right-to-repair for consumer electrics, and the acceleration of our responsible chemistry agenda to phase-out chemical of concerns (e.g. PFAS exit strategy)” stated Pierre Farbos de Luzan, Head of Sustainability at Henkel Adhesive Technologies Electronics.
Pritesh Talwar, President, EV Business, Lectrix EV anticipated the following:
In 2025, we plan to expand and cater to diverse customer needs and increase EV adoption. We plan to launch new flagship models, combining innovation with sustainability, to cater to the diverse needs of our customers and further drive EV adoption.
We aim to further expand our Battery-as-a-Service (BaaS) model, allowing customers a more safer, flexible, and cost-effective EV experience by subscribing to batteries instead of purchasing them outright. We offer two models under BAAS:
Launch of a new flagship models.
- Battery Leasing: Customers can lease the battery monthly, reducing upfront cost of a hi-speed electric scooter by nearly 40% since they avoid purchasing the battery outright. This affordability promotes wider EV adoption.
- Battery Swapping + Leasing: In addition to leasing, users can quickly swap batteries at swap stations, minimising range anxiety and downtime. This option ensures vehicles stay on the road without charging delays, making it ideal for fleet operators needing continuous, efficient mobility.
Besides this, we are focusing on addressing range anxiety by widening the battery-swapping network. Mooving, one of the brands under the SAR group, has already established 250 stations in cities like Delhi, Bengaluru, and Hyderabad, with plans to add 2,500 more across India in the coming year. Placed within 5-10 km of each other, these stations provide end-users with easy access and assurance that they will never be far from a recharge. Mooving is also HPCL’s first prime partner in the energy business, and under the partnership, Mooving will launch over 150 battery swapping stations across India.
“We anticipate focusing on fostering closer connections with clients and staying ahead of industry trends in 2025. We aim at strengthening our foothold in existing sectors while expanding into key growth areas such as railways, telecommunications, and EaaS. By exploring new avenues for collaboration and strategic partnerships, we aim to deliver best-in-class solutions and drive impactful mutual growth. Our focus will centre on critical sectors like railway signalling, IoT, and smart cities, positioning MASL at the forefront of India’s technological and infrastructure evolution,” said Varinder Singh Jawanda, CEO, MASL World.
Prashant Bora, MD & CEO of OTEK (A Bora Multicorp Venture) said that the key plan is to establish a ₹200 crore company with a diverse portfolio of 100 innovative products across sectors such as health, entertainment, gaming, music, and electrical devices.
According to Jayaram Susarla, Chief Financial Officer, Moschip Technologies the comapany’s 2024 and beyond strategy outlines a comprehensive growth plan aimed at strengthening its market position and expanding its capabilities. Key initiatives include integrating emulation solutions into the service portfolio and enhancing expertise in high-growth sectors such as AI/ML, IoT, automotive, and RISC-V technologies. The company is advancing its roadmap for ASSP development, highlighted by the ongoing work on a Smart Energy Meter IC. MosChip® aims to capitalize on turn-key ASIC opportunities, leveraging its established execution expertise with CDAC’s HPC projects. Strategic investments in digital engineering and targeted acquisitions will further reinforce MosChip®’s commitment to innovation and value creation for its stakeholders.
In 2025, Trailytics plans to advance its AI-driven insights platform with an increased focus on sustainability. We’re enhancing our analytics tools to provide brands with even deeper insights into efficient, eco-friendly revenue growth strategies. We aim to reduce our digital footprint and help clients build greener business models by optimising our cloud infrastructure and incorporating sustainable data practices. Our ultimate goal is to drive value and positive impact, fostering both economic and environmental sustainability.
In 2025, Trontek’s key focus will be on accelerating our battery technology and making batteries and other innovations widely accessible among the masses. They aim to enhance the performance and scalability of our lithium-ion Ev (LiEV) series. Solid state batteries are another major pillar of development that we will be focussing on next year, as they have higher energy density and can significantly address range anxiety among consumers forging their trust in EVs. Lastly, they plan to deepen our collaboration with Original Equipment Manufacturers (OEMs) and other industry leaders to expand charging infrastructure and create a seamless EV ecosystem.
“UST aims to reduce Scope 1 and 2 GHG emissions by 25% and Scope 3 emissions by 5% by 2025. We plan to have 50% of critical suppliers participate in SBTi/CDP assessments by 2025, with all others assessed internally. Additionally, 90% of our tech workforce will be provided training in sustainability within one year. We are expanding our green energy capacity with a 1500kWp solar installation and expanding EV charging stations across our centers” as stated by Sunil Balakrishnan, Chief Values Officer, and Global Head for Development Center Operations, UST.
For 2025, Vserve is focused on advancing the sustainability goals and driving innovation. We plan to enhance our remote work model with additional eco-friendly technologies, increase our use of energy-efficient tools, and strengthen collaborations with partners committed to sustainable practices. Moreover, we aim to deepen client relationships by delivering optimized digital solutions that support their growth in a responsible, forward-thinking way. By combining impactful growth with sustainable practices, Vserve is committed to making 2025 a transformative year for both our clients and the environment.
Janardhan Swahar, Managing Director & CEO of Y-Cook India Pvt. Ltd. bolted, “Our primary plan is to transition to fully recyclable packaging by 2025 to overcome the challenges associated with recycling plastic. By creating materials that can be reused repeatedly in a closed-loop system, we aim to eliminate the need for new plastic every year. By making our packaging 100% recyclable, we seek to promote sustainability and lessen resource extraction, with a real-world recyclability target of 50–60%.”
Conclusion
As 2024 draws to a close, the reflections and aspirations shared by industry leaders highlight a year of groundbreaking strides in sustainability across sectors. From renewable energy adoption and circular economy practices to advanced technologies like AI and robotics, organizations are demonstrating that innovation and environmental stewardship can go hand in hand. Looking ahead to 2025, the ambitious goals outlined—such as achieving carbon neutrality, developing energy-efficient products, and fostering inclusive ecosystems—reaffirm the collective commitment to building a greener, more sustainable future.
These insights serve as a beacon of hope and motivation for industries and individuals alike, proving that meaningful change is possible through collaboration, ingenuity, and unwavering dedication. As we step into a new year, the visionaries driving these transformations remind us of the power of collective action in shaping a better tomorrow for our planet and future generations.
