Gujarat Inc goes green: CSR spend on environment rises 90% in FY2024
Companies operating in the state collectively spent Rs 419.60 crore on environment-related initiatives, nearly double the Rs 221.08 crore spent in the previous year.
In fact, the jump is higher than the pan-India growth of 21% during the same period in the environment and sustainability sector, from Rs 2,008 crore to Rs 2,430 crore. Industry experts told TOI that the rise in funding clearly indicates a jump in focus towards sustainability for companies as it also helps them earn carbon credits and improve their ESG compliances overall.
This jump in funding for the environment has come at a time when climate change, pollution, and resource depletion are front and centre in both public discourse and corporate boardrooms.
Putting this in perspective, Pankaj Kamliya, chief operations officer, Gujarat CSR Authority (GCSRA), said, "Sustainability has become a key focus across Gujarat's industrial ecosystem. Initiatives such as the Green Belt Development project in Sanand, being actively pursued by industries in coordination with the Gujarat Industrial Development Corporation (GIDC), are examples of how industries are collaborating to create long-term ecological assets.
by Taboola
by Taboola
Sponsored Links
Sponsored Links
Promoted Links
Promoted Links
You May Like
5 Books Warren Buffett Wants You to Read In 2025
Blinkist: Warren Buffett's Reading List
Undo
SEZ zones are also increasingly promoting green infrastructure and sustainable practices."
You Can Also Check:
Ahmedabad AQI
|
Weather in Ahmedabad
|
Bank Holidays in Ahmedabad
|
Public Holidays in Ahmedabad
"Many companies are proactively investing in CSR initiatives like Miyawaki forests and eco-restoration, which not only benefit local communities but also enhance their environmental, social, and governance (ESG) scores and global rankings," he further added. The push also appears to be stronger in industrial belts such as Jamnagar, Bharuch, and Vadodara, where many companies are investing in eco-restoration, emission control, and water reuse projects.
While education continues to draw the largest slice of Gujarat's CSR pie, environmental projects have climbed the priority ladder for many companies, particularly in heavy industry, petrochemicals, and infrastructure, among several others. Large firms with significant carbon footprints are not only responding to stricter ESG scrutiny from investors but also attempting to mitigate the social and ecological impact of their operations.
"Environmental spending is no longer a token allocation. It has become strategic. We are seeing more interest in tree plantation drives, biodiversity restoration, and solarisation of community assets," said an industry source. Gujarat's overall CSR spending in 2023-24 stood at Rs 2,707.54 crore, with the environment now accounting for over 15% of the total outlay, up from 10% a year ago.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Time of India
31 minutes ago
- Time of India
Virgo Daily Health Horoscope Today, July 09, 2025: Eat nourishing foods
Today, remember that every step forward, no matter how small, deserves celebration. You might focus on big goals, but appreciating minor wins boosts your motivation and joy. Progress is a journey, and each achievement builds momentum. Avoid impatience or self-criticism. Be proud of your efforts and trust that steady growth brings lasting success. Celebrate your path and keep moving with gratitude and confidence. Virgo Health Horoscope Today Your health improves when you recognize small positive changes in your habits. Whether it's drinking more water or taking a short walk, each act supports your vitality. Don't underestimate the power of consistency. Rest well and eat nourishing foods to maintain your energy. Celebrating small health victories encourages you to keep caring for your body with love and patience. Virgo Wellness Horoscope Today Wellness depends on your ability to acknowledge even tiny improvements in your emotional and mental state. Practice gratitude for your efforts and avoid perfectionism. Meditation or journaling can help you notice and celebrate progress. When you appreciate your growth, your overall well-being strengthens, making it easier to handle challenges with resilience and positivity. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Providers are furious: Internet access without a subscription! Techno Mag Learn More Undo Virgo Love Horoscope Today In love, appreciating small moments of connection deepens your relationships. Notice and value kind gestures, honest talks, or shared laughter. If single, celebrate each step you take toward emotional healing or meeting new people. Love grows when you recognize and honor every small sign of progress and connection. Patience and gratitude enhance your emotional bonds. Virgo Career Horoscope Today Career success comes from steady effort and recognizing incremental achievements. Every completed task or new skill learned builds your confidence and reputation. Avoid rushing or focusing only on the end goal. This positive mindset attracts opportunities and helps you overcome obstacles with grace. Virgo Money Horoscope Today Financially, small steps like saving a little or tracking expenses lead to stability and growth. Avoid being discouraged by slow progress. Trust that consistent effort creates long-term security. Celebrate your financial discipline and the positive habits you build. This mindset invites abundance and helps you manage money wisely and confidently. Virgo Affirmation today: I celebrate every step of my progress and growth. Discover everything about astrology at the Times of India , including daily horoscopes for Aries , Taurus , Gemini , Cancer , Leo , Virgo , Libra , Scorpio , Sagittarius , Capricorn , Aquarius , and Pisces .
Hans India
31 minutes ago
- Hans India
Women from remote village to get national award
There are a total of 1,203 women's groups in Illantakunta mandal with 12,000 women as members who are receiving loans ranging from Rs 50 000 to Rs 1 lakh for the past 5 years. The target for the 2024-25 in the mandal is Rs 52 crores, of which Rs 11 crores are provided to women's fund groups, while the mandal federation has provided one Rs 1.90 crore and the district federations have also provided loans Sircilla: The Illantakunta Mandal Adarsh Mahila Samakhya in Rajanna Sircilla district, which has been providing services to self-help groups and contributing to their economic development, has been selected for a national level award. In this regard, an invitation has been received by the Samakhya for the awards ceremony that will be held in Delhi as part of Independence Day celebrations. Under the Southern Region, the Illantakunta Mandal Adarsh Samakhya in Rajanna Sircilla district has stood second. Speaking to The Hans India, Katta Vani Sri APM and Katta Soumya Adarsha Mandala Samakya president said that they are proud to receive the national award for undertaking programmes such as establishing New Swashakti Sanghahas, providing financial assistance to the development of poor women through MS, VO, SHGs, providing maximum support of Rs 20 lakhs through Bank link. There are 46 Village Organizations (VOs) under the Adarsh Mandal Samakhya, of which 1,103 self-help groups have more than 12,900 women as members. Under the aegis of Adarsh Mandal Samakhya, loans have been provided to SHG members for more than five years, ensuring their regular repayment, providing insurance to the members and other services. A total of 22 SHGs were selected and Adarsha Mahila Sangham is one of those. Notably, SHG members are provided training and advice to excel in various businesses. Also, awareness seminars are being organised under social responsibility on literacy, financial literacy, water resource conservation, not using plastic, not being a victim of cyber fraud, etc. A woman Battu Sunitha said that after she became a member of Lakshmi Swashakti Sangam and took a loan of Rs 25,000 loan from the association, she bought a sewing machine. She sews falls and rose trims for sarees and knits. 'Along with the income from agriculture, the income from knitting is sufficient to feed the children,' said Sunitha with satisfaction. Another member, Govikari Rajvva said she runs a ladies emporium and a bangle shop and earns up to Rs 10,000 per month. 'Everyone should use the loan provided by the association to develop economically,' she urged. There are a total of 1,203 women's groups in Illantakunta mandal with 12,000 women as members. Women in the group are providing loans ranging from Rs 50 000 to Rs. 1 lakh to achieve economic development. The target for the year 2024-25 in the mandal is Rs 52 crores, of which Rs 11 crores are provided to women's fund groups, while the mandal federation has provided one Rs 1.90 crore and the district federations have also provided loans.
Economic Times
36 minutes ago
- Economic Times
GIFT Nifty down 25 points; here's the trading setup for today's session
The position of FIIs in the futures market increased from a net short of Rs 69,100 crore on Monday to Rs 70,513 crore on Tuesday. Indian equities closed marginally higher, with the Nifty at 25,522, as analysts anticipate near-term market optimism fueled by trade breakthrough hopes and the upcoming earnings season. Technically, the index shows improved sentiment, with support at 25,400 and resistance at 25,600-25,800. The rupee strengthened, while FIIs remained net sellers, and DIIs were net buyers. Tired of too many ads? Remove Ads Tech View: The index has moved up after a consolidation on the hourly chart, improving sentiment for the bulls. On the daily chart, the Nifty formed a green candle following a hammer and a doji pattern. This type of setup often indicates a potential positive move ahead. On the lower end, support is placed at 25,400, while on the higher end, resistance is seen at 25,600 and 25,750–25,800. The index has moved up after a consolidation on the hourly chart, improving sentiment for the bulls. On the daily chart, the Nifty formed a green candle following a hammer and a doji pattern. This type of setup often indicates a potential positive move ahead. On the lower end, support is placed at 25,400, while on the higher end, resistance is seen at 25,600 and 25,750–25,800. India VIX: India VIX, which is a measure of the fear in the markets, fell 2.9% to settle at 12.20 levels. Dow off 0.37%, S&P 500 falls 0.07%, Nasdaq up 0.03% S&P 500 futures were little changed as of 9:23 a.m. Tokyo time Hang Seng futures were little changed Japan's Topix rose 0.2% Australia's S&P/ASX 200 fell 0.5% Euro Stoxx 50 futures rose 0.5% Tired of too many ads? Remove Ads Indian equities ended marginally higher on Tuesday, with the Nifty closing at 25,522. Overall, analysts expect markets to remain optimistic in the near term, supported by hopes of a trade breakthrough and the upcoming earnings Nifty on the NSE IX traded lower by 25 points, or 0.10 per cent, at 25,579, signaling that Dalal Street was headed for negative start on S&P 500 ended Tuesday's choppy session slightly lower as investors waited for clarity on U.S. trade policy after President Donald Trump's latest tariff threats dampened hopes around talks with some trade partners. Wall Street equities had sold off sharply on Monday after Trump warned of sweeping new tariffs on goods from key trading partners such as Japan and South Korea and a range of smaller countries starting in shares opened cautiously as investors held back from taking risky bets after President Donald Trump ruled out extending his August deadline. Copper futures fell on Trump's tariff dollar rose for a third day against the yen on Wednesday as U.S. President Donald Trump pledged more trade-related proclamations after announcing 25% tariffs on Japan and other trade in the ban period under the F&O segment include companies in which the security has crossed 95% of the market-wide position rupee rose 21 paise to close at 85.73 against the US dollar on Tuesday on the back of a decline in global crude oil prices and a weaker greenback against major rivals.
