In a significant step towards promoting sustainable infrastructure, the government-owned financial institution IIFCL unveiled its Climate Strategy 2030 document during the Vigilance Meet held on October 30 in New Delhi.
The document was released in the presence of Dr. PR Jaishankar, Managing Director, IIFCL, with AS Rajeev, Vigilance Commissioner, Central Vigilance Commission, as the Chief Guest and Arun Kumar Aggarwal, Chief Vigilance Officer, IIFCL.
As a part of its Climate Strategy 2030, IIFCL has set the target to facilitate at least 50 per cent of incremental lending of Rs 1 trillion towards green infra projects by 2030 and achieve the reduction in lending for fossil fuel-based power plants over 2024 and also net zero in Scope 1 and Scope 2 emission by 2030.
The strategic initiative reinforced IIFCL’s commitment to environmental stewardship and positioned it as a pivotal player in India’s transition towards a resilient and sustainable economy, the company said in a statement.