An Investors look at eco sustainable businesses and solutions
Investor Outlook on Eco-Sustainable Ventures
In the modern business landscape, sustainability has taken on innovative forms. Companies like LUSH cosmetics have redefined packaging with their introduction of "naked" shampoo bars and henna hair colors. Major automakers, including Ford, General Motors, and Tesla, are heavily investing in fuel-efficient and electric vehicles. Back in 2015, the United Nations General Assembly unveiled the 17 Sustainable Development Goals for 2030, covering a wide range of objectives, from eradicating poverty to advancing gender equality and ensuring better access to clean water and sanitation. Sustainability, however, encompasses more than eco-friendly practices; it also entails advocating for gender equality, diversity, social mobility, community engagement, and reducing carbon footprints.
According to Corporate Knights' methodology, the global top 10 "clean" companies are setting a benchmark. The growing consumer demand for eco-friendly products and services has opened up numerous green business opportunities. Whether it's aiding others in adopting environmentally-conscious practices or offering eco-friendly products, the possibilities are diverse. Some eco-sustainable business concepts include zero-waste shopping, sustainable construction materials, bicycles, and electric two-wheelers, handmade organic goods, eco consultancy, upcycled furniture, sustainable fashion, creating indoor and landscape gardens, composting solutions, organic food production, alternative energy solutions, and apps for carpooling and recycling.
What's on the horizon for this ever-evolving realm of eco-sustainable enterprises? India holds vast potential for innovation and small ventures in this sphere. Entrepreneurs can present their ideas, devise plans, produce product samples, secure crowdfunding or bank financing, market products online, and expand their businesses. India has seen the emergence of the CII GreenCo rating system in recent years, the first of its kind globally. It thoroughly evaluates companies' ecological performance and provides guidance on greening their products, services, and operations. Over 100 companies are at various stages of GreenCo rating, with 25 of them achieving certifications ranging from Silver to Platinum.
The adoption of GreenCo rating offers numerous benefits, including energy, environmental, and resource conservation. It boosts a company's green image, fosters innovation, and ensures preparedness for stringent environmental regulations. Green growth is not only desirable but imperative for India's environmentally sustainable future, given the nation's rich biodiversity and ecosystems. The cost of environmental degradation, estimated at $80 billion annually, equivalent to 5.7% of India's GDP, underscores the urgency of sustainable practices.
In conclusion, green growth is fundamental in addressing environmental challenges, advancing sustainable development, and securing a prosperous future for India.
Sneha R Dilzer Consultants Pvt Ltd
- Givaudan Sustainability in India
- World Bank: Promoting Green Growth in India
- Sustainable Impact Investing - Wells Fargo
- India Today: Green Business Opportunities and Challenges (2015)