Marico Limited
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Marico Limited is a leading Indian consumer goods company that operates in the personal care services sector. The company was founded in 1987 and has since grown to become a household name in India and beyond. Marico Limited is known for its innovative products, strong brand equity, and commitment to sustainability. The company's products are available in over 25 countries, including India, Bangladesh, and South Africa.
Marico Limited's commitment to sustainability is evident in its efforts to reduce its carbon footprint. The company has set a target to reduce its carbon emissions by 25% by 2025. To achieve this target, Marico Limited has implemented several initiatives, including decarbonisation and the use of renewable energy.
Decarbonisation is the process of reducing or eliminating carbon emissions from a company's operations. Marico Limited has implemented several measures to reduce its carbon emissions, including the adoption of energy-efficient technologies, the use of renewable energy, and the optimization of its supply chain. The company has also implemented a waste management program to reduce the amount of waste generated by its operations.
One of the key initiatives that Marico Limited has undertaken to reduce its carbon footprint is the use of renewable energy. The company has installed solar panels at its manufacturing facilities in India, which has helped to reduce its reliance on fossil fuels. In addition, Marico Limited has signed a corporate power purchase agreement (PPA) with a renewable energy company to source a significant portion of its energy needs from renewable sources. This has helped the company to reduce its carbon emissions and contribute to the fight against climate change.
Corporate PPAs are agreements between companies and renewable energy providers that allow companies to purchase renewable energy directly from the source. This helps to reduce the carbon footprint of the company and contribute to the growth of the renewable energy sector. Marico Limited's corporate PPA has helped to support the growth of the renewable energy sector in India and has contributed to the country's efforts to transition to a low-carbon economy.
Marico Limited's commitment to sustainability is not limited to its operations. The company has also implemented several initiatives to promote sustainability among its customers. For example, Marico Limited has launched several products that are made from sustainable materials and are designed to be environmentally friendly. The company has also launched a recycling program to encourage customers to recycle its products and reduce waste.
In addition to its sustainability initiatives, Marico Limited is also committed to corporate energy management. The company has implemented several measures to optimize its energy use and reduce its energy costs. For example, Marico Limited has installed energy-efficient lighting and HVAC systems at its facilities, which has helped to reduce its energy consumption. The company has also implemented an energy management system to monitor and control its energy use.
Marico Limited's commitment to sustainability and corporate energy management has earned it several accolades and awards. The company has been recognized as a leader in sustainability by several organizations, including the Carbon Disclosure Project and the Dow Jones Sustainability Index. Marico Limited has also been recognized for its energy management efforts by the Confederation of Indian Industry and the Bureau of Energy Efficiency.
In conclusion, Marico Limited is a leading Indian consumer goods company that operates in the personal care services sector. The company is committed to sustainability and has implemented several initiatives to reduce its carbon footprint, including decarbonisation, the use of renewable energy, and corporate PPAs. Marico Limited's commitment to sustainability and corporate energy management has earned it several accolades and awards, and the company is widely recognized as a leader in sustainability in India and beyond.