RIL Framework, Energy News, ET EnergyWorld

Sambalpur: IIM Sambalpur’s main business conclave guest Kapil Maheshwari said on Saturday that most mainstream businesses are now committing to a “net zero” strategy to tackle climate change. Net zero refers to the balance between the amount of greenhouse gases produced and the amount removed from the atmosphere.

Speaking at the Sixth Annual “Marmagya 6.0” Business Conclave hosted by IIM Sambalpur, Maheshwari said that “Producing future profits while respecting the environment is the way forward”.

Kapil Maheshwari is President of Renewable Energy Ecosystem Development and Green Hydrogen at Reliance Industries.

Noting that the next ten years will see a big transformation for all B school students or new generation business leaders, Maheshwari said “This is a great opportunity to learn and experience new business models”.

The theme of the two-day meeting which began on Saturday is “Business in the New Reality”. The conclave aims to understand the responsibilities and opportunities in the post-Covid scenario.

IIM Sambalpur Director Mahadeo Jaiswal said COVID-19 had paved the way for “new realities”.

“Data analytics, machine learning, artificial intelligence and blockchain are changing the landscape of traditional practices that the industry has followed all these years,” Jaiswal said.

Keynote speaker Pradeep Panigrahi, head of corporate sustainability at Larsen and Toubro, said thorough monitoring of carbon dioxide emissions must be undertaken by all companies to stay in business.

Stressing that the “decarbonization” of the investment landscape was the key to the future of humanity, Panigrahi said: “We must realize this situation and act on the ground”.

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