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Kings Infra Partners with Snowkap to advance GHG Assessment and Reduction and Social Impact study in Aquaculture Sector

Posted On : 2023-07-14 12:00:11( TIMEZONE : IST )

Kings Infra Partners with Snowkap to advance GHG Assessment and Reduction and Social Impact study in Aquaculture Sector

Kings Infra Ventures Ltd., a leading technology-driven business with expertise in aquaculture, the processing of marine products, and export, has partnered with Snowkap, a well-known supplier of solutions for achieving Environmental, Social, and Governance (ESG) goals and reducing the effect of Greenhouse Gas (GHG) emissions, in a strategic alliance.

This collaboration between Kings Infra Ventures Ltd and Snowkap represents a significant milestone in the pursuit of sustainable aquaculture practices in the country. Both businesses are devoted to tackling the environmental issues brought on by the aquaculture sector and striving for a more sustainable future.

For Kings Infra Ventures Ltd. as part of the collaboration, Snowkap will carry out GHG accounting and foot printing procedures, concentrating on a predetermined, limited scope. For Kings Infra., this procedure will create a baseline that will serve as a benchmark for all upcoming reduction and mitigation projects on their decarbonization path.

The agreement was welcomed with enthusiasm by Shaji Baby John, Chairman and Managing Director of Kings Infra Ventures Ltd. He said: "This collaboration is yet another step towards furthering the cause of sustainable aquaculture, which is at the core of our company's purpose. This cooperation will be advantageous not just for Kings Infra Ventures Ltd, but also for the local fishing community.

Snowkap will perform a social effect analysis on the neighbourhood of traditional fisherman in addition to GHG accounting. This study will offer insightful improvements to prospects for premium pricing and increase community empowerment. Along with assisting Kings Infra Ventures Ltd with their ESG efforts, Snowkap will also help them to successfully communicate their initiatives that have a beneficial impact on customers, investors, and peers, establishing new standards for the industry.

Snowkap, a leading worldwide ESG and GHG expert organization with headquarters in Singapore, Dubai, and Mumbai, provides a range of solutions based on internationally recognized standards and industry best practices. With their assistance, Kings Infra Ventures Ltd will be able to move from data collection to impact-driven reporting and beyond by addressing data gaps and issues in ESG and GHG reporting.

Snowkap and Kings Infra Ventures Ltd are both committed to implementing sustainable practices and lowering GHG emissions in the aquaculture sector. Their joint goal of bringing forward a more responsible and sustainable future for the industry is markedly advanced by this relationship.

Shares of Kings Infra Ventures Limited was last trading in BSE at Rs. 106.65 as compared to the previous close of Rs. 107.15. The total number of shares traded during the day was 13116 in over 94 trades.

The stock hit an intraday high of Rs. 109.30 and intraday low of 106.10. The net turnover during the day was Rs. 1404449.00.

Source : Equity Bulls


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