NEW DELHI: On World Environment Day, IndianOil, India’s leading energy company launched several innovative green initiatives. These initiatives, which are in line with IndianOil’s Net-Zero commitment, demonstrate the Fortune 500 company’s strategy to balance robust growth with a sustainable footprint.
Mr. S. M. Vaidya, Chairman of IndianOil, said on the occasion, “World Environment Day holds a special place for us at IndianOil, as we take another major step towards environmental sustainability.” Our initiatives, such as reverse vending machines, electric buses, and clothing made from recycled PET bottles, all aim to achieve net-zero operational emissions by 2046.”
The event, held at IndianOil’s corporate office in Sadiq Nagar, included the installation of a one-of-a-kind reverse vending machine (RVM) at a retail outlet in Hyderabad to encourage the recycling of plastic and other waste. The RVM is expected to combat plastic pollution by incentivizing recycling of plastic and other waste with cashbacks and fuel vouchers.
In addition, the sale of garments and merchandise made from recycled PET bottles has begun at Delhi’s Indraprastha fuel station. This is another step forward in the company’s ‘Unbottled’ initiative, which aims to convert plastic waste into clothing.
An EV bus was launched to raise awareness about environmental protection and Indian Oil’s green initiatives. The bus will travel across Delhi-NCR for the next two weeks, stopping at various popular locations in the city from June 5 to June 19.
Young UNEP Ambassadors were also honoured as part of Indian Oil’s World Environment Day celebrations for their inspiring commitment to a cleaner and greener environment. A campaign was also launched for the Indian Oil family’s children, giving them a platform to express their views for a greener world.