“Sustainability has become a cornerstone of the Sweden–India partnership. Our countries’ shared goal of enabling and expediting a green transition is a common thread in our bilateral exchanges, joint partnerships, and business opportunities. For long-term sustainability to succeed, government, academia and industry must all contribute,” Ambassador of Sweden to India Klas Molin said at the launch event.
“To embark on this green journey, we must understand where we are starting from. This study, mapping the sustainability efforts of almost 50 Swedish companies in India, is an important step in this regard. It is highly encouraging to see Swedish companies at the forefront of sustainable business practices,” he said.
The report titled ‘A Green Journey – Swedish Companies in India’ said 43 per cent of these companies have water conservation targets while 78 per cent have undertaken water conservation initiatives. Moreover, 51 per cent of the companies harvest rainwater.
Sixty-seven per cent of the companies have made circularity a key issue in their sustainability agenda and almost all the firms make efforts to reduce waste. Fifty-five per cent use recycled raw materials in their products or packaging. Forty-five per cent of the companies have set energy reduction targets including goals related to transportation.
Also, 51 per cent of the firms have been making technological or process changes to reduce their energy consumption, the report said.