MONEY PLANT
Outlook Business|April 2024
Firms are popping up to help people and companies plant saplings. Reasons for this green consciousness range from earning carbon credits to a desire to fight deforestation
Naina Gautam
MONEY PLANT

On the northern outskirts of Mumbai, a red heart is painted on a green board. On the heart is written Taimur Ali Khan Pataudi Forest. The board is on the edge of a forest that actor Kareena Kapoor Khan had planted when her son Taimur turned one in 2017.

Mumbai-based dietician Rujuta Diwekar had helped Khan in creating this green patch. Diwekar wrote on Instagram: "The forest has about 100 trees on a 100 sq ft plot. The trees are as young as Taimur, even younger, actually each of them is a local, native, climate resilient species..." It is not only celebrities who are going green. Take the example of Delhi-based artist Smriti Chaturvedi Shankar who has planted saplings to mark her son's birthday. "I planted a few trees in farmlands with the help of farmers. It is a way of giving back to nature," she says.

Planting trees is trending and entrepreneurs have sniffed a business opportunity. Not just birthdays but also on Valentine's Day and Women's Day. A popular tree-planting website, recently, offered to plant trees on the occasion of the pran pratishtha ceremony of the Ram temple in Ayodhya.

The site charges Rs 199 for a single sapling and Rs 14,925 for 75 trees for birthdays. Prices are bumped up on occasions such as Valentine's DayRs 299 for one and Rs 2.99 lakh for 1,000 trees. Planting for a once-in-alifetime event is more expensive.

Business is Booming

India Inc. too has taken up tree planting in a big way. Clients include companies that have active corporate social responsibility (CSR) funds, want to meet environmental, social and governance (ESG) compliances and chase carbon credits.

"Companies are increasingly publishing sustainability reports to communicate their environmental and social performance to stakeholders," says Nidhi Singh, chief executive and co-founder of Pune-based tree-plantation company Grow Billion Trees.

Bu hikaye Outlook Business dergisinin April 2024 sayısından alınmıştır.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.

Bu hikaye Outlook Business dergisinin April 2024 sayısından alınmıştır.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.

OUTLOOK BUSINESS DERGISINDEN DAHA FAZLA HIKAYETümünü görüntüle
The Faultline Called Unemployment
Outlook Business

The Faultline Called Unemployment

With youths accounting for a staggering majority of the unemployed population in India, the ruling Bharatiya Janata Party, which claims to have put India on a sound growth track, has some tough questions to answer as it seeks a third term at the Centre

time-read
7 dak  |
May 2024
'TECH, GOVERNMENT SUPPORT DRIVING GROWTH IN INDIA'S EXPORTS'
Outlook Business

'TECH, GOVERNMENT SUPPORT DRIVING GROWTH IN INDIA'S EXPORTS'

As overall exports in India witnessed a rise over the previous year, Akshay Ghulati, co-founder of Strategy and Global Expansion at Shiprocket Global, talks about five drivers of booming trade in India

time-read
1 min  |
May 2024
IN THE RIGHT ENSEMBLE
Outlook Business

IN THE RIGHT ENSEMBLE

Manish Kapoor MD and CEO of global clothing brand Pepe Jeans London, finds happiness in spending time with his family and bonding with them over leisure trips, Formula One races, cricket matches and cooking

time-read
3 dak  |
May 2024
GREEN GLOBETROTTING
Outlook Business

GREEN GLOBETROTTING

Amid growing awareness about sustainable tourism, more people are hoping to reduce their carbon footprint. Besides benefitting the planet, sustainable tourism also presents the industry with the opportunity to grow responsibly

time-read
5 dak  |
May 2024
LOOPM ALTERNATIVES: ADDING A NEW AND LASTING DIMENSION TO PRESERVING FOOD
Outlook Business

LOOPM ALTERNATIVES: ADDING A NEW AND LASTING DIMENSION TO PRESERVING FOOD

LoopFresh, an Indian innovation promises to transform the way perishables are stored on our supermarket shelves to retain their freshness.

time-read
3 dak  |
May 2024
PLANET VS PLASTIC OR PLASTIC VS SUBSTITUTES?
Outlook Business

PLANET VS PLASTIC OR PLASTIC VS SUBSTITUTES?

The theme of Earth Day 2024 was Planet vs Plastic, but plastic industry stakeholders are armed with studies to find faults with its alternatives

time-read
3 dak  |
May 2024
WELSPUN LIVING LIMITED: MAKING STRIDES TOWARDS GREENER FUTURE
Outlook Business

WELSPUN LIVING LIMITED: MAKING STRIDES TOWARDS GREENER FUTURE

Striving to advance systematically on the path of sustainable development, Welspun, a global leader in home solutions, is making a mark with its holistic Environmental, Social, and Governance (ESG) approach towards well-being of all the stakeholders

time-read
5 dak  |
May 2024
PROMOTING BIOFUELS FOR SUSTAINABLE ENERGY SUPPLY
Outlook Business

PROMOTING BIOFUELS FOR SUSTAINABLE ENERGY SUPPLY

Biofuels offer a viable solution to reducing dependence on imported fossil fuel while providing cleaner energy, states Kishan Karunakaran, CEO of Buyofuel. In an interview he speaks about how agro-waste and even plastics and tyres can be utilised for producing biofuels, thus supporting a circular economy.

time-read
2 dak  |
May 2024
A Ready Reckoner for Climate Justice
Outlook Business

A Ready Reckoner for Climate Justice

In Climate Change: The Policy, Law, and Practice, Jatinder Cheema presents a comprehensive exploration of the multifaceted challenges posed by climate change and the corresponding policy, legal and practical responses needed to address this global crisis effectively

time-read
2 dak  |
May 2024
TETRA PAK'S AMBITION TO LEAD THE SUSTAINABILITY TRANSFORMATION
Outlook Business

TETRA PAK'S AMBITION TO LEAD THE SUSTAINABILITY TRANSFORMATION

Tetra Pak has set 2030 net zero emission goals for itself and 2050 net Zero emission goals for its supply chain. Juhi Gupta, Director Sustainability Tetra Pak, South Asia, in an interview shares how this is being achieved. Excerpts:

time-read
2 dak  |
May 2024