Race Eco Chain Ltd. (RACE) is at the forefront of India’s sustainable waste management and circular economy initiatives. With a focus on transforming waste into valuable resources, Race Eco Chain Ltd integrates technology, innovation, and community engagement to address the challenges of plastic waste and environmental degradation.
Vision & Mission
Vision: To create a sustainable and circular economy by building ESG complaint supply chain revolutionizing waste management practices, reducing carbon footprints, and promoting environmental responsibility across India
Mission: Race Eco Chain Ltd aims to reduce the carbon footprint caused by plastic waste by aggregating plastic packaging waste and channelizing it for recycling into consumer-friendly products. The company is dedicated to converting the existing unorganized eco chain into an organized one, establishing a complete vertical setup responsible for the collection and audit of waste to the end product, ensuring traceability.
Milestones
- 2009: Initiated waste management services for corporates.
- 2013: Focused on Environmental Product Responsibility (EPR) services for leading plastic users in India.
- 2016: Integrated AI and blockchain technology, establishing RACE as a forward-thinking company.
- 2021: Surpassed a turnover of ₹60+ Crore, showcasing financial success aligned with sustainable practices.
- 2023: Listed on the National Stock Exchange (NSE), enhancing visibility and credibility in the marketplace.
- 2024: RACE strengthens its value-added business, joins hands with Ganesha Ecosphere Ltd for setting up several washing lines across India for the production of quality PET flakes through its subsidiary Ganesha Recycling Chain Pvt Ltd.
Offerings
- RACE App: An AI-enabled platform connecting buyers and sellers in the waste management ecosystem, facilitating seamless transactions and traceability.
- Recycled Products: Under the brand “RESTORE,” RACE offers high-quality recycled products, promoting sustainability and providing end-to-end traceability.
- Biomass Briquettes: Production of eco-friendly biomass briquettes as an alternative energy source, contributing to waste reduction and sustainable energy solutions.
- Waste Management Services: Comprehensive waste management solutions for corporates, including collection, segregation, recycling, and compliance with EPR regulations.
ESG (Environmental, Social, Governance)
- Environmental Goals: Reduction of plastic waste through efficient recycling processes, promotion of circular economy practices, adoption of sustainable technologies and practices.
- Social Goals: Empowerment of communities through awareness programs and skill development initiatives, creation of green jobs, and engagement with local communities to promote sustainable practices.
- Governance Goals: Adherence to ethical business practices and transparency, compliance with all regulatory requirements, and implementation of robust governance frameworks to ensure accountability.
Business Segments
- Waste Management: Providing end-to-end waste management solutions, including collection, segregation, recycling, and compliance with EPR regulations.
- Biomass Briquettes: Manufacturing of eco-friendly biomass briquettes as a sustainable alternative energy source.
- Recycled Products: Production and sale of high-quality recycled products under the “RESTORE” brand, promoting sustainability and circular economy practices.
Race Eco Chain Ltd. demonstrates that sustainable practices can drive both environmental and economic benefits. Through innovation, dedication, and a commitment to sustainability, RACE is paving the way for a cleaner, greener future.
For more information, visit Race Eco Chain Ltd.
Disclaimer: This article is based on information available from public sources. It has not been reported by EQMint journalists. EQMint has compiled and presented the content for informational purposes only and does not guarantee its accuracy or completeness. Readers are advised to verify details independently before relying on them.
