UN Global Compact India and Refex Group Launch Centre for Biodiversity Conservation

The UN Global Compact Network India, in partnership with Refex Group, has inaugurated the Centre for Business Leadership in Nature Restoration. The initiative aims to enhance private sector engagement in biodiversity conservation through collaborations with agencies and industrialists, focusing on ESG, CSR, and corporate philanthropy.

UN Global Compact Network India, a not-for-profit society functioning as the Indian arm of the New York-based United Nations Global Compact, has partnered with the diversified conglomerate Refex Group to launch the Centre for Business Leadership in Nature Restoration.

Aimed at significantly deepening and transforming private sector engagements in biodiversity conservation, the Centre will collaborate actively with industrialists and agencies like the National Biodiversity Authority and State Biodiversity Boards to report on biodiversity-positive initiatives through Environmental, Social Governance (ESG), CSR, and corporate philanthropy.

Based in Chennai and established through a running grant from Refex Industries Ltd, the flagship company of the Refex Group, the Centre aims to support businesses and governments in fulfilling local, national, and global commitments. UN Global Compact Network India Executive Director Ratnesh expressed hope that the initiative would actively partner with a wide range of corporate sectors to enhance India's rich natural heritage.

Refex Industries Ltd Managing Director Anil Jain highlighted the group's commitment to a sustainable and eco-friendly business model, expressing optimism that the partnership would raise awareness and motivate other corporations to join the efforts in ecosystem restoration and biodiversity conservation.

(With inputs from agencies.)