Policy development for clean energy technology
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- Sustainability Initiatives 2022 - 2023
- Policy development for clean energy technology
The policy is made by considering re-cycling and pollution control strategies, renewable and alternative energy, adaptive response to climate change, reduced health risk for Vellore Institute of Technology (VIT) employees and contractors, less risk for operations and maintenance, reduced life cycle costs and prevention instead of treatment. This policy outlines how the Vellore Institute of Technology is incorporating environmental, social, and governance (ESG)factors within their investments, reflecting the ambitious sustainability agenda within the University in line with the Vellore Institute of Technology SDG 2050 objective of achieving net zero carbon emissions. It also establishes the objectives and parameters of the investment portfolios.
The specific components of the policy are listed below.
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The Vellore Institute of Technology (VIT) will make direct investments that are spread across sustainability topics and that are specifically designed to generate both environmental and social return.
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VIT invests on retrofitting and renovation to improve the sustainability
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Waste & Materials: VIT invests on zero waste policy by waste segregation and handling, composting techniques, bio gas, bio-mass generation to handle organic wastes and inorganic wastes recycling.
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Clean Energy: VIT invests on clean energy transition policy as soon as is practical, any investment of the Portfolios in the energy sector will actively reflect the University’s aspiration to support energy transition towards clean energy addition.
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Clean energy generation capacity via roof top solar PV generation, wind and solar power procurement through third party power purchase.
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Energy conservation : VIT invests on the use of energy efficient techniques and appliances in all the new projects example electrical systems like lighting, fans, pumps, lifts and HVAC systems
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Water conservation: VIT invests further in water reuse via STP treated water for flushing, feed water for HVAC systems, vehicle washing and gardening.
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VIT invests on Electric Vehicle usage for internal shuttling and more EV green charging slots
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VIT invests on sustainable buildings
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VIT invests on outside campus sustainability, clean and green environmental initiatives
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VIT invests heavily on research to bring sustainable development
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VIT invests on creating awareness and competency about sustainability in all its academic activities
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Sharing VIT Expertise with the public, educators, and students to provide opportunities to participate in our Mission, foster innovation, and contribute to a strong national economy and global sustainability
