E - PAPER

CURRENT MONTH

LAST MONTH

VIEW ALL
  • HOME
  • NEWS ROOM
  • COVER STORY
  • INTERVIEWS
  • DRAWING BOARD
  • PROJECT WATCH
  • SPOTLIGHT
  • BUILDING BLOCKS
  • BRAND SYNC
  • VIDEOS
  • HAPPENINGS
  • E-MAGAZINE
  • EVENTS
search
  1. Home
  2. Interviews

GROSS MISUNDERSTANDING OF SUSTAINABILITY IN INDIA

Ashish Kaul, a PhD, MBA in Business Management, PG in Advertising, post-Doctoral research scholar, Senior Fellow (CCRT) shares that real estate sector grossly mismanages sustainability goals.

BY Realty Plus
Published - Thursday, 18 Jan, 2024
GROSS MISUNDERSTANDING OF SUSTAINABILITY IN INDIA

Corporates must stop confusing Sustainability with recycling and waste management. “It is about the art and science of waste management, recycling” and some even tell me it is also about “using bio-degradable material and solar power” – the ignorance about Sustainability in India has never been so appalling.

Sustainability goals were set up to address the pressing environmental, social, and economic challenges that our world faces today. The goals aim to promote responsible consumption and production, reduce inequality, combat climate change, protect ecosystems, and ensure a better future for all. By setting these goals, we can work towards a more sustainable and equitable world, where people and the planet can thrive together.

The implementation of sustainability goals in India is of utmost importance for several reasons. First and foremost, India is one of the world’s most populous countries, with a rapidly growing economy. As such, the country’s environmental impact and resource consumption are significant. India is highly vulnerable to the impacts of climate change, including extreme weather events, water scarcity, and rising sea levels. By implementing sustainability goals, India can mitigate these risks and build resilience to climate change. Furthermore, sustainability goals can promote social equity and reduce inequalities in India. They can address issues such as poverty, access to education, healthcare, and clean energy, and ensure that development is inclusive and benefits all segments of society. Apart from this, implementing sustainability goals will drive innovation, create green jobs, attract sustainable investments, and enhance the competitiveness of Indian industries in the global market.

In this context, the United Nations Sustainable Development Goals (SDGs) provide a global framework for addressing key environmental, social, and economic challenges. These goals were adopted by all United Nations Member States in 2015 as part of the 2030 Agenda for Sustainable Development. They cover a wide range of issues, including poverty, hunger, education, gender equality, clean energy, and climate action, among others. These goals hold the key to shape a better future for all. Sustainable Development Goals (SDGs) are a set of 17 objectives aimed at creating a more sustainable and equitable world by the year 2030.

Firstly, the United Nations sustainability goals are crucial because they address some of the most pressing challenges of our time. Poverty eradication, for example, is a fundamental objective that seeks to ensure that everyone has access to basic needs such as food, water, healthcare, and education. By setting a target to end poverty in all its forms, the SDGs provide a framework for governments and organizations to work together towards this common goal.

Secondly, the sustainability goals promote inclusivity and equality. Goal 5, for instance, aims to achieve gender equality and empower all women and girls. This objective recognizes that gender inequality is a barrier to development and seeks to address issues such as discrimination, violence, and unequal access to education and economic opportunities. By prioritizing gender equality, the SDGs strive to create a more just and equitable society for all.

Moreover, the United Nations sustainability goals emphasize the need for sustainable economic growth and environmental protection. Goal 8, which focuses on decent work and economic growth, aims to promote sustained, inclusive, and sustainable economic growth, full and productive employment, and decent work for all. This objective recognizes that economic development should not come at the expense of the environment and that sustainable practices are essential for long-term prosperity.

Additionally, the SDGs recognize the urgent need to act on climate change. Goal 13 specifically addresses climate action and aims to combat climate change and its impacts. This goal emphasizes the importance of reducing greenhouse gas emissions, adapting to the impacts of climate change, and promoting climate resilience. By setting clear targets for climate action, the SDGs provide a roadmap for countries to transition to a low-carbon and sustainable future.

Lastly, the United Nations sustainability goals promote global cooperation and partnership. Goal 17, which focuses on partnerships for the goals, recognizes that achieving sustainable development requires the collaboration of governments, civil society, and the private sector. This objective encourages countries to work together, share knowledge and resources, and support each other in implementing the SDGs. By fostering partnerships, the SDGs create a platform for collective action and collaboration, strengthening the global commitment to sustainability.

  • No Poverty
  • Zero Hunger
  • Good health & well-being
  • Quality Education
  • Gender Equality
  • Clean Water & Sanitation
  • Affordable & Clean Energy
  • Decent Work & Economic Growth
  • Industry Innovation & Infrastructure
  • Reduced Inequalities
  • Sustainable Cities & Communities
  • Responsible Consumption & Production
  • Climate Action
  • Life Below Water
  • Life on Land
  • Peace Justice & Strong Institutions
  • Partnerships for the Goals

United Nations sustainability goals are a vital framework for creating a more sustainable and equitable world. By addressing issues such as poverty, gender inequality, climate change, and sustainable development, these goals provide a roadmap for governments and organizations to work towards common objectives. They emphasize the importance of inclusivity, equality, and environmental protection, and promote global cooperation and partnership.

While the challenges ahead are significant, the SDGs offer hope for a better future and serve as a reminder that we all have a role to play in building a more sustainable world for present and future generations. It is important for us to understand United Nations Sustainability goals as they emphasize on the need for collaboration, innovation, and the adoption of best practices to create a greener and more sustainable built environment for future generations.

Sustainability plays a crucial role in the Indian real estate sector for several reasons. Firstly, India is experiencing rapid urbanization, leading to increased demand for housing and infrastructure. By incorporating sustainable practices, such as energy-efficient buildings and green spaces, the real estate sector can help mitigate the environmental impact of this growth. Secondly, sustainability in real estate can result in long-term cost savings. Energy-efficient buildings, for example, can significantly reduce energy consumption and operational costs over time. Additionally, sustainable design elements, such as rainwater harvesting and waste management systems, can help conserve resources and reduce expenses.

Thirdly, sustainability is closely linked to the well-being of occupants. Green buildings with improved indoor air quality, natural lighting, and access to green spaces can enhance the health and productivity of residents and workers. Lastly, sustainability in real estate can attract investors and tenants who prioritize environmental responsibility. With the growing global focus on sustainability, properties that meet green building standards often have a competitive advantage in the market.

Overall, integrating sustainability into the Indian real estate sector is essential for environmental preservation, economic viability, occupant well-being, and attracting stakeholders who value sustainable practices. The immediate need for implementing sustainability in real estate arises from the urgency to address pressing environmental and social challenges. Here are a few key reasons:

Climate Change Mitigation: The real estate sector is a significant contributor to greenhouse gas emissions, primarily through energy consumption and construction materials. By adopting sustainable practices, such as energy-efficient buildings and renewable energy sources, the sector can help mitigate climate change and reduce its carbon footprint.

Resource Conservation: The construction industry consumes vast amounts of resources, including water, energy, and raw materials. Sustainable practices, such as water-efficient fixtures, recycling construction waste, and using eco-friendly materials, can help conserve resources and reduce environmental degradation.

Urban Heat Island Effect: Rapid urbanization in India has led to the phenomenon known as the urban heat island effect, where cities become significantly warmer than surrounding rural areas. Sustainable urban planning and design, including green roofs, urban forests, and proper ventilation, can help mitigate this effect and create more comfortable and livable cities.

Water Management: India faces significant water scarcity issues, and the real estate sector is a major consumer of water. Implementing sustainable water management practices, such as rainwater harvesting, wastewater treatment, and efficient irrigation systems, can help conserve water resources and reduce the strain on local water supplies.

Social Well-being: Sustainable real estate practices can improve the quality of life for occupants and communities. Incorporating green spaces, promoting walkability, and ensuring access to amenities can enhance the overall well-being and health of residents.

By addressing these immediate needs, the real estate sector can contribute to a more sustainable and resilient future for India and the world. People may confuse sustainability with waste management because both concepts are closely related and interconnected. Here are a few reasons why this confusion may arise:

Overlapping Goals: Both sustainability and waste management share the common goal of minimizing environmental impact and promoting responsible resource use. Waste management practices, such as recycling and proper waste disposal, are often considered integral components of sustainable practices.

Waste as a Sustainability Indicator: Waste generation and management can serve as indicators of sustainability. High waste generation rates and inefficient waste management practices can be seen as signs of unsustainable consumption patterns and resource depletion.

Waste as a Sustainability Challenge: Effective waste management is crucial for achieving sustainability goals. Improper waste disposal can lead to pollution, resource depletion, and negative impacts on ecosystems and human health. By addressing waste management issues, we can move towards a more sustainable future.

Interdisciplinary Nature: Both sustainability and waste management involve multiple disciplines and require a holistic approach. They encompass environmental, social, and economic considerations, making it easy to see how they can be intertwined and confused.

While sustainability and waste management are related, it is important to recognize that sustainability encompasses a broader scope, including energy efficiency, renewable resources, social equity, and long-term viability. Understanding the distinctions between the two concepts can help us develop comprehensive strategies to address both waste management and broader sustainability challenges.

 

 

 

 

 

 

RELATED STORY VIEW MORE

Climate Finance Will Drive India’s Green Transformation
Asset-Light Synergies: New Public-Private Playbook
Notarized vs. Registered Rent Agreements: What You Need to Know

TOP STORY VIEW MORE

HC Relief to WTCA on Trademark Row

WTCA expressed gratification for the High Court of Delhi recognizing that the Bhalla Group of Companies was continuing to infringe on its world-famous brands.

09 May, 2025

Beyond Chatbots: Changing Real Estate Customer Conversations

09 May, 2025

Instant, Legal Access to U.S. Property Equity Market for Indian Investors

09 May, 2025

NEWS LETTER

Subscribe for our news letter


E - PAPER


  • CURRENT MONTH

  • LAST MONTH

Subscribe To Realty+ online




Get connected with us on social networks!
ABOUT REALTY+

Started in 2004, Realty+, an exchange4media group publication is one of the most respected real estate magazines in India with offices in Delhi, Mumbai and Bengaluru.

Useful links

HOME

NEWS ROOM

COVER STORY

INTERVIEWS

DRAWING BOARD

PROJECT WATCH

SPOTLIGHT

BUILDING BLOCKS

BRAND SYNC

VIDEOS

HAPPENINGS

E-MAGAZINE

EVENTS

OTHER LINKS

TERMS AND CONDITIONS

PRIVACY-POLICY

COOKIE-POLICY

GDPR-COMPLIANCE

SITE MAP

REFUND POLICY

Contact

Mediasset Holdings 3'rd Floor, D-40, Sector-2, Noida (Uttar Pradesh), Pincode - 201301

tripti@exchange4media.com
realtyplus@exchange4media.com

+91 98200 10226


Copyright © 2024 Mediasset Holdings.
Rental Mobil bandung,Sewa Mobil Bandung, Rental bandung, Sewa Mobil, Jual Mesin Antrian, Harga Mesin Antrian, Mesin Antrian Murah, Jual KIOSK,Mesin Antri, Berita Terkini, Info Bray,Info Tempat Wisata,Portal Berita,Jasa Website