UFlex and Creduce partner to achieve carbon neutrality

UFlex

UFlex partners with Creduce for carbon neutrality

UFlex and Creduce – The commitment by India’s prime minister to achieve net zero emissions by 2070 has strengthened India’s position as a global leader in the carbon market.

Two of India’s leading companies in their respective industries have inked an agreement to carry out the pledge and turn this ambition into a reality. In order to attain end-to-end “carbon neutrality,” India’s largest multinational company for flexible packaging materials and solutions, UFlex, inked an MoU and on-boarded Creduce, India’s fastest-growing Carbon Credits Consultancy. The scope would include a review of carbon footprint and carbon neutrality, formalizing carbon and plastic credit balances on a platform that is accepted globally as part of the sustainable development aim, establishing a sustainability strategy, and more.

UFlex

As a socially conscious business, UFlex has been at the forefront of developing innovative, tech-driven, and future-ready sustainable solutions to ensure a better and healthier tomorrow. The organization has announced an agreement with Creduce Technologies Limited in their pursuit of a cleaner and greener environment. With this dedication, UFlex has the potential to surpass all other companies in this sector and take the necessary actions to achieve its Environment, Social, and Governance (ESG) objectives. This would include working with other divisions of the firm to jointly develop a time-bound strategy for achieving carbon neutrality, starting with their Flexible Packaging division.

We have always made it a priority to lead our team toward environmentally responsible behaviour, with a focus on achieving carbon neutrality for Scope 1 and Scope 2 emissions. By the end of 2024, we hope to have reduced the equivalent of around 175,000 tonnes of carbon emissions across the board. In order to meet the challenging ESG targets we have set for ourselves, we also hope to undertake numerous community outreach and development programmes through our CSR initiatives, claims Jeevaraj Pillai, joint president of UFlex’s flexible packaging business.

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