Mukesh Ambani, Asia’s richest man, plans to transform each of the units under his refining-to-retail conglomerate to create a sustainable business model as Reliance Industries Ltd. chases a net carbon-zero goal by 2035.

"We have no option as a society, as a business but to really adopt a sustainable business model,” Ambani said during an interview as part of the Qatar Economic Forum on Monday. "I think that’s a prerequisite for every business to survive as we go forward.”

When asked if this green push will require dialing back on some of Reliance’s businesses, Ambani said "it means transforming our businesses and integrating that with the future,” without sharing more details.