Bharat Serums and Vaccines (BSV), reaffirms commitment to its Environmental, Social and Governance (ESG) initiatives by investing a 26% stake on a fully diluted basis in AMP Energy C&I One, a wholly-owned subsidiary of AMP Energy C&I. This will support BSV’s green energy requirements for its manufacturing facility at Ambernath, Maharashtra and is in line with its endeavour to emerge as a carbon-neutral company by 2050, in addition to achieving water neutrality, product stewardship and an integrated management system, the company stated in a release.

Aimed at driving a comprehensive sustainability blueprint for the future, this investment will help BSV avoid carbon dioxide emissions by as much as 6560 tonnes of carbon dioxide equivalent (tCO2e) annually over its project life of 25 years.

Speaking about this, Sanjiv Navangul, Managing Director & CEO, Bharat Serums & Vaccines Ltd., said, “Sustainability at BSV is all-encompassing, with responsibility towards the environment, workplace, community, and all other stakeholders. We continue to work towards embedding sustainability in whatever we do.  This solar project resonates our belief in building a greener environment, judiciously using natural resources and renewable sources of energy, while creating measurable social impact.”

Chirag Mehta, Chief Financial Officer, Bharat Serums & Vaccines Ltd., added, “As a responsible corporate, we are committed to mitigating the effects of climate change. This reaffirms our belief in enhancing our proportion of solar-based power consumption while complying with regulatory requirements of power consumption and contributing in our own humble way towards India’s commitment to achieving 40 per cent of its installed electricity capacity from non-fossil energy sources by 2030.”