DICV's Sustainability Goals
Satyakam Arya, CEO and MD, DICV, said, Driving sustainability in our production and operations has been a key focus for DICV since our inception. Our efforts so far have already helped us reach 72 per cent CO2 neutrality in our plant, and we plan to push this to 100 dper cent by 2025. We will work continuously towards a sustainable future for our stakeholders and society as a whole.
At the Conference of Parties (COP26) in Glasgow, India pledged to increase its installed renewable energy capacity to 500 gigawatts and reduce carbon emissions by 1 billion tonne by 2030, as well as achieve net-zero emissions by 2070. As an environmentally-conscious organisation, DICV is also moving forward along a roadmap that helps tackle climate change while spurring economic growth.
In the first phase of the roadmap unveiling, the company announced its goals for sustainability in operations, laying out initiatives planned for 2025 and beyond. DICVs Seven Statements for Sustainability are as follows:
Statement 1: Make DICV operations 100 per cent CO2 neutral by 2025 by¦
Statement 2: Aiming to make the entire value chain CO2 neutral by 2047 by...
Statement 3: Increase the green cover density of Chennai plant by at least 10% by 2025 by...
Statement 4: Reduce the energy consumption of production shop by at least 8% by 2025 by...
Statement 5: Reduce water consumption by 30 per cent, aiming for 100 per cent water self-reliance at the plant by 2025 by...
Statement 6: Continuously reduce waste generated from operations by¦
Statement 7: Contribute to the betterment of nearby villages and societies
Since the establishment of its manufacturing plant in Chennai, DICV has systematically implemented sustainability initiatives at every level. These include the installation of an energy-generation plant with over 10,000 polycrystalline solar power panels (compensate for around 3300 tonnes of CO2 emissions/year) and a storage pond that holds more than 60,000 kilolitres. The plant itself is home to more than 17,000 trees and adheres to strict reuse/reduce/replace policies as part of its certification for ISO 14001 (Environmental Management Systems).
These measures contributed to the company winning the Best Energy Efficient Organisation award from the Confederation of Indian Industry in this years CII National Energy Efficiency Circle Competition.