
Chargeurs PCC Targets 46% CO₂ Cut with New ESG Strategy
CEO Gianluca Tanzi stated, 'We are committed to leading the industry's shift toward sustainability by innovating responsibly and integrating real, measurable action across the value chain.'
Key Highlights of the ESG Plan:
Carbon Reduction: 11% emissions cut achieved at its Lainière de Picardie site in 2024. Emission mapping started across the supply chain to reach 46% overall CO₂ reduction by 2030.
'Local for Local' Model: Focus on regional development, sourcing, and production to minimize environmental impact and boost local economies.
Sustainable Products: Expanded Sustainable 360 line made from natural, recycled, and bio-based fibers . Innovations include Zero Dye Water interlinings and monomaterial polyester products for better recyclability.
Water & Microplastic Management: Site-wide water risk assessments using WRI's Aqueduct tool . Ongoing efforts to reduce chemical use and microplastic release .
Biodiversity Commitment: 75% of the Lainière de Picardie site preserved as natural habitat. 2024 saw 1,500 trees planted in Brazil through a partnership with WeForest . Participation in COP16 Biodiversity and ecosystem restoration projects worldwide.
Social Responsibility & Transparency: 80% of suppliers SMETA-audited; full audit coverage underway. Use of Transaction Certificates for traceability. Developing an internal Restricted Substances List (RSL) —60% of products and 90% of substances already compliant.
With this comprehensive ESG roadmap, Chargeurs PCC strengthens its role as a pioneer in ethical innovation, ensuring a climate-resilient, transparent, and regenerative textile ecosystem.
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
&w=3840&q=100)

Business Standard
2 hours ago
- Business Standard
DFS Secy Nagaraju seeks insurance brokers' help to boost coverage in India
The Department of Financial Services Secretary, M Nagaraju, on Friday urged insurance brokers to participate actively in state-level and sub-level insurance programs to raise awareness and increase insurance penetration in the country. Speaking at the 25th Foundation Day of the Insurance Brokers Association of India (IBAI), Nagaraju said, 'We need your active participation in state-level and sub-level insurance programs. There is vast uncapped potential in tier-2 and tier-3 cities, agricultural and rural zones, in unorganised sectors, and among small businesses." He stated that insurance brokers can help increase awareness about the importance of insurance among remote and low-income populations. They can also play a crucial role in building trust between insurers and the insured by acting as transparent advisors, simplifying product dissemination, and supporting the capacity building of local intermediaries. 'In addition, the intermediaries support government-led insurance schemes, whether in agriculture, health, or credit, with better design, training, and implementation support,' Nagaraju said. He also noted that the insurance brokerage sector is a significant generator of employment, both directly and indirectly, with thousands of professional support staff, underwriters, claim handlers, IT specialists, and marketing personnel employed or supported by the broker ecosystem. 'When brokers thrive, it creates employment across the service economy, including legal, technical, and financial advisory services. This employment impact must be nurtured and expanded through skill development, certification, and digital inclusion.' While commending the thought-provoking activities of insurance brokers, Nagaraju said that going forward, he would encourage brokers to use these channels to focus on emerging issues such as cybersecurity, cyber risk, ESG compliance, and disaster resilience in order to develop proactive pre-loss strategies for national resilience.


Time of India
6 hours ago
- Time of India
CETA signed between India and UK: What it means for students and young professionals in both countries
A landmark moment unfolded yesterday as India and the United Kingdom signed the Comprehensive Economic and Trade Agreement (CETA), a Free Trade Agreement (FTA) that marks a significant step forward in bilateral economic cooperation. Tired of too many ads? go ad free now While the headlines have largely focused on the projected $34 billion annual boost to trade and the reduction of import duties across key sectors, the long-term implications for students and early-career professionals in both countries are equally noteworthy. CETA is not just a trade agreement; it is an enabler of talent mobility, skill-building, and expanded access to global opportunities. For young Indians and Britons entering a competitive workforce shaped by artificial intelligence, climate transitions, and post-pandemic economic shifts, the deal could be a defining tool in navigating their career trajectories. A stronger pipeline for internships, apprenticeships and exchanges The agreement is expected to expand education and training partnerships between Indian and UK institutions. Students can also expect the rise of new bilateral programmes under schemes such as the UK's Graduate Route visa and India's Study in India initiative. These pathways are likely to see greater alignment with industry needs, particularly in sectors such as manufacturing, green tech, digital services and pharmaceuticals, which the agreement identifies as priority areas. As more British universities explore collaborations with Indian public and private institutions, students could benefit from joint degrees, twinning programmes and integrated internships with multinational employers. These offerings may carry greater recognition and employability value across both markets, opening new doors for those seeking global work experience early in their careers. Boost to MSMEs may open new startup and skilling avenues One of the core aims of the CETA is to empower Micro, Small and Medium Enterprises (MSMEs) through easier access to cross-border trade. Tired of too many ads? go ad free now For young professionals and entrepreneurs, this means more room to build or work in export-driven startups, particularly in sectors like textiles, chemicals, marine products, electronics, and leather. Schemes such as India's Skill India Mission and Startup India could now have a stronger UK-facing component. Professionals trained in high-demand domains may find more opportunities to work with British partners. Opportunities in sustainability-linked sectors Both countries have committed to promoting sustainability within trade. This creates additional scope for young professionals in clean energy, ESG consulting, green finance, and climate-tech solutions. British universities and research centres are already known for their work in sustainability science and policy. The trade deal could make it easier for Indian scholars and researchers to collaborate in these domains, with industry tie-ups for real-world application. Similarly, India's push to become a global manufacturing hub through the 'Make in India' campaign finds resonance in the agreement. This could lead to technical training, innovation labs, and knowledge-sharing formats that prepare students not just for employment, but for leadership in evolving industries. Mutual recognition and smoother career mobility Though not explicitly detailed, CETA is expected to bring improvements in the mutual recognition of qualifications. In practice, this could reduce bureaucratic hurdles for engineers, architects, IT professionals, and financial analysts seeking roles in either country. It may also streamline short-term work visas and consulting opportunities, which are often a grey area for recent graduates. Given that the UK remains a top destination for Indian students and India represents one of the UK's largest higher education partner countries, the move is timely. It aligns with a wider global trend where geopolitical relationships increasingly shape student outcomes and graduate job prospects. A long-term shift in how career pathways are built CETA's benefits are unlikely to be instantaneous. However, for students currently enrolled in undergraduate or postgraduate programmes, and for young professionals in the early years of employment, it provides a future-facing framework. Cross-border careers may now include smoother transitions, clearer growth ladders, and more diversified exposure. As Prime Minister Narendra Modi stated during the signing, this is about "paving a strong path for the future generations." And for that generation, the students, the interns, the first-time founders, and the early-career professionals, CETA signals that international careers are no longer shaped solely by university choices or job market fluctuations. They are increasingly tied to the policies that define where talent can thrive. TOI Education is on WhatsApp now. Follow us .


Time of India
9 hours ago
- Time of India
GNG Electronics IPO subscribed over 102x on day 3; GMP signals strong listing
GNG Electronics IPO GMP GNG Electronics IPO Details Live Events Should You Subscribe? Financials and Valuation GNG Electronics IPO Key Dates Lead Managers About GNG Electronics (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel The initial public offering (IPO) of GNG Electronics witnessed robust demand on the third and final day of bidding, with the issue subscribed 102.06 times as of 2:33 PM on company received bids for 144.8 crore shares against 1.41 crore shares on offer. Non-institutional investors (NIIs) led the demand with a 203.72 times subscription, followed by retail investors at 40.57 times. The qualified institutional buyer (QIB) segment saw a 133.73 times the grey market, GNG Electronics shares were quoting a premium of Rs 96–100, implying a potential 41% gain over the upper end of the price band. However, the grey market premium (GMP) slipped slightly from Rs 100–105 a day IPO comprises a fresh issue of Rs 400 crore and an offer for sale (OFS) worth Rs 60.44 crore by existing shareholders. The price band is set at Rs 225–237 per share, valuing the company at a price-to-earnings (P/E) ratio of 33.3x, based on FY25 of the IPO, the company raised Rs 138 crore from anchor investors on July 22 by allotting over 58 lakh Securities and Canara Bank Securities have both given GNG Electronics a 'Subscribe' rating, citing its scale, growth trajectory, and strategic positioning.'GNG operates in a fragmented but fast-formalising market. With operations in 38 countries, refurbishment of over 5.9 lakh devices in FY25, and a 46% revenue CAGR over FY23–FY25, the company is well-positioned to benefit from affordability-driven demand and ESG tailwinds,' the brokerages more than doubled its revenue and profit in the past two years. In FY25, revenue rose to Rs 1,411 crore and net profit stood at Rs 69 crore, up from Rs 659.5 crore and Rs 32.4 crore in FY23. EBITDA margin also improved from 7.6% to 8.9%.Working capital increased to Rs 261 crore in FY25, a 2.5x jump from FY23. Based on FY25 earnings and post-issue equity, the stock is priced at a P/E of up to 39x. The company currently has no direct listed peer on the main IPO will remain open from July 23 to July 25, 2025. The allotment is expected to be finalized on Monday, July 28, with a tentative listing date of Wednesday, July 30 on both BSE and Oswal Investment Advisors Limited is the book-running lead manager to the issue, and Bigshare Services Pvt Ltd is the Electronics, which operates under the Electronics Bazaar brand, is India's largest refurbisher of laptops and desktops. The company scaled up its refurbished volume from 2.5 lakh devices in FY23 to 5.9 lakh in FY25. Its procurement network also grew from 265 to 557 partners during the same contributed 75.6% of FY25 revenue, with the rest coming from desktops, tablets, smartphones, servers, and other electronics. As of March 2025, GNG had a presence in 38 countries and operated 4,154 customer touchpoints.(Disclaimer: Recommendations, suggestions, views, and opinions given by the experts are their own. These do not represent the views of The Economic Times)