Cement, Energy and Environment

Now India has been paying appropriate attention. ESG has become the cornerstone of sustainability. Although India does not have sufficient legislation, slowly it is picking up importance, and recognition by several agencies has proven to be a key progression in corporate sustainability. The expanding ESG model in India shows a strong path driven by regulatory, and corporate governance scrutiny and strategic alignment with global sustainability goals. As ESG factors are increasingly determining investment decisions, the expected growth in ESG-oriented assets under management (AUM) aligns with India’s commitment to a greener future. The ongoing trend, supported by strategic sectors and frameworks, positions ESG investments as a strong force in moulding India’s financial ecosystem, contributing to a more sustainable and resilient economy for the future. ESG plays a strong role in achieving the United Nations (UN) sustainable development goals (SDG). These 17 SDGs were agreed upon by countries in 2015 as a part of the UN’s 2030 Agenda for Sustainable Development. The goals relate to a range of important social and. economic issues identified as the main priorities for sustainable development in the coming decades. Conclusion assessment covers the related global, regional, and local environmental, and health impacts and resource depletion issues, complementing other methods, which are necessary to help effectively and efficiently make consumption, production and supply that are associated with the entire life cycle of any goods and services, ‘Products’. It is a vital and powerful decision-support technique. LCA study has been carried out in many cement industries, whose findings are useful to various stakeholders of the industry who are looking for long-term environmental solutions. Hence, the cement industry must make use of the LCA tool in adopting sustainable materials having a green supply chain to achieve environmental excellence in the competitive global environment. Present decision-making for industrial activities, both in terms of government policy and the management of companies, has faced an increasingly challenging task in recent decades. The author feels that LCA goes hand in hand with the cement industry and will be useful. On one hand, the production system has become more complex and automated in response to rapid globalization in advanced emerging technologies. Societies face complex choices in the pursuit of sustainable industrial development. Sustainable development sets forth an agenda including economic, environmental, and social objectives and its governance, which are often difficult to satisfy simultaneously. Considering these points, it is clear that an information system for industrial activity must follow the ESG system to deal with all aspects for stakeholders to constructively inform decision-making. In the last one and half decades of development, the methodology of LCA and environmental management tools have been connected to the understanding of multifarious impacts as an instrument for decision-making for a prospective assessment of consequences of choice between several substitutable product or process alternatives. This implies that LCA must address the decision-making context in terms of the stakeholders involved, and issues that are important for ESG. Sustainability of the relevant product and process system concerning time horizon, scale-affected markets and secondary effect on the other product system will be addressed. LCA helps by giving input to sustainable development by seeking the balance between economic prosperity, environmental quality and social progress. Industry can contribute significantly to society by operating suitably by adopting. Conservation measures of natural resources energy and modifying inplant practices to achieve global efforts in reducing greenhouse gas impacts on climate change. Hence, sustainability requires life cycle thinking amongst Scientists, plant engineers, managers and directors, who are committed to adopting a holistic view of the embedded in a large system from raw material extraction to dispatch of any product. Like, in the cement industry while adopting an integrated environmental management approach, Life Cycle Assessment “Cradle-to-Gate”, has identified energy-intensive units and emission sources. LCA study encompasses all raw materials, thermal and electrical. Energy and emissions along with the product in terms of input and output of industry for achieving the goal of saving the environment on a sustainable basis. 30