The
Flipkart Group, India’s homegrown internet ecosystem, has committed to setting
an ambitious Net Zero target, to decarbonise its own operations by 2030 and the
larger value chain by 2040.
This is in line with the global Science-based
Targets initiative (SBTi) of keeping the global temperature rise to below 1.5
degrees Celsius per the Paris Climate Agreement, becoming the only Indian
e-commerce company in India to commit to this environmental goal.
As
part of this commitment, the Flipkart Group will take measures in its own
operations to reduce 100% of emissions by 2030 by increasing energy efficiency
at its corporate office, supply chain facilities and powering its energy
requirements through renewable sources such as solar. Recognising that the
majority of the climate impact comes from Flipkart’s extended value chain of
suppliers, waste in operations, transportation and logistics, and product
end-of-life, it will also work with its sellers, consumers and partners to
achieve Net Zero emissions by 2040.
Meanwhile, the Flipkart
Group has joined hands with initiatives such as the Climate Group’s EV100
initiative to deploy 25,000 electric vehicles across the country by 2030, and
not-for-profit environmental organisation Canopy for responsible sourcing of
sustainable packaging and man-made cellulosic fibres to offer sustainable
products to millions of customers among other initiatives. As part of these
efforts, it works with more than 250 ecosystem partners, including EV
suppliers, manufacturers and brands across the country.
Kalyan
Krishnamurthy, Chief Executive Officer, Flipkart Group, said, “We are proud to
announce our commitment to Net Zero emissions by 2040. This commitment is a
significant undertaking in our journey towards building a sustainable business,
and we want to play our part in adopting a proactive approach to create shared
value across the ecosystem. As part of our Net Zero efforts, our sustainability
initiatives will include the larger ecosystem, comprising our sellers,
customers, and brands, to bring about an industry-wide shift. We recognise the
importance of working collaboratively to reduce climate impact and will
continue to steer our efforts towards this commitment and to decarbonise the
e-commerce value chain.”
To
reduce the footprint, the Flipkart Group will be focusing on the following key
areas of impact to achieve a clearly defined decarbonisation pathway:
A)
Sustainable Platform: Drive consumer awareness and initiatives to support
sustainable products while creating circular business models.
B)
Responsible Value Chain: Through electrification of logistics, incorporating
renewable energy, environment-friendly packaging, waste management initiatives
and responsible sourcing in business practices, the establishment of green
infrastructure and supplier engagement and seller education.
C)
Impact Positive Collaborations: Fostering industry partnerships on developing
innovative solutions for creating a sustainable e-commerce model.
Climate
change mitigation and adaptation have emerged as some of the most significant
challenges in recent history. Transitioning to a net-zero world calls for a
complete transformation of how we produce, consume, and move about. The
Flipkart Group is committed to contributing to this cause and has taken several
steps over the past several years, including the large-scale adoption of
electric vehicles in its supply chain, elimination of single-use plastic
packaging, and introduction of paper packaging through sustainable
forest-derived materials and development of warehousing infrastructure to
reduce its carbon footprint.
The
Group’s efforts have also been recognised by leading global organisations such
as the World Business Council for Sustainable Development (WBCSD) and World
Wide Fund (WWF) for Nature and are being used to demonstrate best practices for
large-scale deployment sustainability initiatives by way of case studies.