Climate change induced erratic rainfall and extreme weather events like cyclones, floods, drought and pest attacks are leading to declining agricultural yields. Agrarian and tribal communities, already struggling with debt, land degradation and uncertain prices are expected to be the worst impacted by climate change, with their incomes expected to decline by up to 25%. From FY 2023 onwards, YES Foundation started an agroforestry project in 11 states across India. This initiative will play a critical role in enhancing green cover, addressing climate change while also supporting sustainable livelihoods of farmers. In FY 2023-24, we planted 2 lakh trees, which have an estimated carbon sequestration potential of >1.7 lakh tonnes of CO2 over the next 20 years and target to plant 1 million trees in five years.
Continuing our efforts to support MSMEs in achieving energy efficiency, our initiative of conducting walk-through energy audits successfully reached 100 MSMEs this year. The initiative has enabled MSMEs integrate sustainability into operations, reduce their overall carbon footprint and enhance their competitiveness in terms of output and efficiency
>1000 MSMEs impacted through multifaceted interventions including -