10th Indian Delegation to Dubai, Gitex & Expand North Star – World’s Largest Startup Investor Connect
CleanTech

Rise of sustainable entrepreneurship: How Eco-friendly businesses are revolutionising industries



Talk of sustainability is everywhere. As climate change accelerates and environmental concerns deepen, the demand for solutions that benefit both people and the planet has reached a tipping point. In response, a new wave of businesses is rising—enterprises that embed sustainability into their core, not just as a trend but as a transformative business model. This is the age of sustainable entrepreneurship, where innovation and responsibility merge to revolutionise industries.
The urgent call for change
Traditional business models, focused solely on profit, have prioritised short-term gains, leaving a trail of environmental degradation—depleting resources, increasing carbon emissions, and creating mountains of waste. Sustainable entrepreneurs are rewriting this narrative. They understand that “business as usual” will not cut it anymore.Instead of treating sustainability as an afterthought, this new generation of founders is building ventures that are green from the ground up—through business models, supply chains, operations, and products. Profit remains a priority, but not at the planet’s expense. Reducing carbon footprints, ensuring resource efficiency, and minimising waste are equally critical goals.

What’s driving the shift?
The rise of sustainable entrepreneurship is driven by three key forces:


Moral Imperative: For many founders, sustainability is a mission to create businesses that improve the planet.
Changing Consumer Preferences: Climate awareness is now mainstream. A Bain & Company study shows 40% of Indian consumers buy sustainable products, influenced by personal experiences with extreme weather.
Regulatory Push: Forward-thinking entrepreneurs view evolving sustainability laws as opportunities for growth and competitive advantage, not obstacles.
The rise of circular economy
The traditional “use and throw” philosophy—seen in industries like fast fashion, single-use plastics, and electronics—is giving way to the circular economy. Sustainable businesses are challenging the outdated “take, make, dispose” model. Instead, they view products as resources that can be repaired, refurbished, repurposed, and recycled.

Take-back programmes, recycling incentives, and eco-conscious design are empowering consumers to play a role in this transformation. By seeing today’s products as tomorrow’s raw materials, sustainable entrepreneurs are directly addressing India’s mounting waste crisis. With 62 million tons of waste generated annually, this shift could not be more critical.

Redefining operations: Lean, ethical, and efficient
Sustainability is not just about the products or services offered; it is also about how businesses operate. Lean principles are central to eco-friendly ventures—reducing waste, saving resources, and eliminating inefficiencies. Businesses are embracing strategies that balance profitability with environmental stewardship.

Responsible sourcing and ethical supply chains form another pillar of sustainable entrepreneurship. Some businesses focus on avoiding over-extraction of resources, while others innovate with upcycling and waste-to-resource solutions. Ethical labour practices—fair wages, workplace safety, and human rights—are equally important, ensuring that sustainability encompasses both the planet and its people.

Innovation for a greener future
At the heart of sustainable entrepreneurship lies innovation. Businesses are actively adopting solutions that lower their carbon footprints, from eco-design strategies (e.g., biodegradable packaging and recyclable materials) to the use of renewable energy sources like solar and wind. India’s leadership in solar power—ranking third globally in renewable energy capacity—positions the country as fertile ground for such advancements.

Christopher Anand Sargunam is co-founder of DriveX.

Nominations for ET MSME Awards are now open. The last day to apply is December 31, 2024. Click here to submit your entry for any one or more of the 22 categories and stand a chance to win a prestigious award.



Source link

by The Economic Times

As sustainability evolves from a boardroom priority to a consumer expectation, packaging has quietly become the next frontier of India’s green transition. With single-use plastic bans tightening and eco-consciousness deepening among urban consumers, demand for bio-based, compostable materials is rising across the food, fast-moving consumer goods (FMCG), and hospitality sectors. According to industry estimates, India’s sustainable packaging market is expected to grow at over 18% annually, driven by new regulations under the Plastic Waste Management… Source link

by The Economic Times

BELÉM, BRAZIL: As the United States torpedoes climate action and Europe struggles to realise its green ambitions, a surprising shift is taking hold in many large, fast-growing economies where a majority of the world’s people live. Countries like Brazil, India, and Vietnam are rapidly expanding solar and wind power. Poorer countries like Ethiopia and Nepal are leapfrogging over gasoline-burning cars to battery-powered ones. Nigeria, a petrostate, plans to build its first solar-panel manufacturing plant. Morocco is creating a battery hub to supply… Source link

by The Economic Times

Promoting sustainable farming is central to our agricultural strategy, says Yashika Singh, Chief Corporate Affairs Officer and Head of Sustainability, PepsiCo India & South Asia. In an interaction with ET Digital, Singh highlights the range of sustainable initiatives undertaken by PepsiCo India to support farmers through technology, training, and improved market access. She notes that, globally, PepsiCo aims to implement regenerative farming practices that improve soil health, optimise water use, and strengthen livelihoods across 10 million acres by… Source link