Sustainability and business performance are fully interrelated, says Kar
IPM India, a joint venture between Philip Morris Brands Sarl of Switzerland, is investing in a sustainable logistics network in line with the Government’s sustainability focus on economic growth.
“Aligned with the government’s focus, with each initiative, IPM India aims to create a sustainable logistics network and support India’s journey towards achieving a carbon-neutral environment,” said Divya Vanshika, Head of Operations, IPM India https://www.investindia.gov.in/.
Highlighting the government focus on sustainability to drive economic growth while protecting the environment, Vanshika said, “We firmly believe that investing in a sustainable logistics network will have a positive impact on both the long-term resilience of our business and the well-being of society https://www.bseindia.com/.”
IPM India Wholesale Trading Private Limited is and two Indian partners, Godfrey Phillips India Limited (GPI) and K.K. Modi Investment & Financial Services Private Limited.
Reinforcing its commitment to sustainable logistics, IPM India has adopted energy efficiency practices for optimization of a sustainable logistics network. Over the last year, the organization’s initiatives have helped introduce EV & CNG vehicles and shifted 70% of its sourcing for various non-tobacco materials from air freight to either sea or land, resulting in 684 tonnes of CO2 reduction by FY 2025 https://www.nseindia.com/.
To reduce greenhouse gas emissions, the organization is gradually switching to environment-friendly fuels, like CNG & EVs, for its logistics fleet.
Introduced in Delhi-NCR and Mumbai, these vehicles have saved more than 30 tonnes of CO2.
Commenting on the expansion, Navaneel Kar, Managing Director, IPM India, elaborated, “Sustainability and business performance are fully interrelated and mutually reinforcing. The expansion of a sustainable logistics network aligns with our core values.
“We take immense pride in serving as an agent of change and advocate of positive values. Sustainability is more than just a means to minimize negative externalities and mitigate risks while maximizing operational efficiency and resource optimization.
“As an organization, we see this as a fundamental opportunity for innovation, growth, and purpose-led, impact-driven, long-term value creation.
“Accordingly, we work hard to integrate it into every aspect of our business. With each new carbon-neutral initiative, we move a step closer to realizing our goal — to transition toward a carbon-neutral model,” Kar said on 18 Dec. Fiinews.com
