Flipkart has made a commitment to source all its electricity needs from renewable sources for all of its activities by 2030, making itself the first Indian e-commerce company to do so. Flipkart joined the RE100 commitment, a coalition of the most powerful companies in the world dedicated to using only renewable energy, as part of this pledge. This effort by Flipkart builds on strong prior action, with the company already reaching 14% of its electricity requirements from renewable sources against the baseline consumption of CY 2021. This is in accordance with its net zero objectives to reduce the Scope 1 and 2 climate change impacts by 2030.
The Flipkart Group has planned to reach this lofty goal of sourcing 100% Renewable Energy by 2030 with a deliberate approach and organised adoption of existing instruments like Rooftop Solar (RTS), Open Access, and emerging market instruments in the coming times. The Group is in a unique position to exert influence over other companies and to educate the public about the advantages of embracing renewable energy sources, helping to bring about the necessary behavioural shift for India’s total energy transition. The group is starting the RE100 journey with a commitment to add RE portfolio from both distributed and grid-scale projects.Flipkart anticipates establishing relationships with legislators and representatives from various state governments as it looks forward to attaining this goal through shared effort and cooperation.
Speaking on the development, Rajneesh Kumar, Chief Corporate Affairs Officer at Flipkart said, “For the Flipkart Group, it has been a concerted priority to integrate sustainable practices across its operations. In the past two years, we have made consistent efforts and have expressed our unwavering intent to tackle climate change with bold ambition and decisive action and we continue to do so. Being the first Indian e-commerce group to commit to 100% renewable electricity by 2030 and to join RE100, Flipkart looks forward to working in collaboration with this global cohort of influential companies, led by Climate Group. Our commitment to RE100 aligns with our Net-Zero target and our mission to drive positive climate action. With this step, we are further ready to learn and innovate climate solutions to accelerate action and also to support the ambition of the Indian government to achieve 500 GW RE by 2030.”
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