Reliance aims for net-zero carbon emissions by 2035: Mukesh Ambani at Qatar Forum
1 min read 21 Jun 2021, 07:03 PM ISTWhen asked if this green push will require dialing back on some of Reliance’s businesses, Mukesh Ambani said 'it means transforming our businesses and integrating that with the future', without sharing more details
PremiumMukesh Ambani, Asia’s richest man, told the Qatar Economic Forum he plans to transform each of the units under his refining-to-retail conglomerate as Reliance Industries Ltd aims for net-zero carbon emissions by 2035.
The three-day event kicked off with Qatar’s ruler calling on countries to avoid hoarding vaccines to the “detriment of others." South African President Cyril Ramaphosa urged developed economies to aid Africa’s recovery and Rwanda’s Paul Kagame said African nations are “trying to find partners" to manufacture vaccines on the continent.
Sustainable Future for Reliance
Ambani said that every unit making up Reliance would have to pivot as the conglomerate moves toward net-zero. “We have no option as a society, as a business but to really adopt a sustainable business model," Ambani said.
When asked if this green push will require dialing back on some of Reliance’s businesses, Ambani said “it means transforming our businesses and integrating that with the future," without sharing more details.
The pivot toward a greener, cleaner version of itself won’t be an easy one for India’s most valuable company, which got about 60% of revenue from its hydrocarbon-fueled energy operations for the year ended March.
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