Major Indian cement companies like ACC, Shree Cement and Ultratech have signed a pact to support low carbon investments in Geneva at the World Business Council for Sustainable Development’s (WBCSD) Cement Sustainability Initiative and International Finance Corporation (IFC) in Aug, 2012. As per the agreement, a Low Carbon Technology Roadmap for the Indian cement industry is to be launched this year-end.This will be the first roadmap to focus on one specific industrial sector in a single country, a WBC release said. The roadmap will outline a possible transition path for the cement industry to reduce its direct emissions by 18 per cent by 2050.Manager of IFC South Asia (manufacturing, agri-business and services), Ramesh Ramanathan said that while public policy responses are critical in addressing climate change, the private sector also plays a leading role in providing innovative business solutions.