Continuing from our previous discussion on the Indian Carbon Credit Trading Scheme (CCTS), this blog delves into the calculation methodology integral to the scheme. It encompasses the scope boundaries, notional emissions, targets, and compliance cycles, as well as the methods for raw material and fuel data collection and reporting. Grasping these elements is essential for...
The emergence of the Green Steel Taxonomy for India marks a pivotal moment in the global steel industry, particularly as nations strive to meet ambitious climate goals. Launched by India on December 12, 2024, this groundbreaking initiative aims to decarbonise the steel sector, which is a significant contributor to greenhouse gas emissions. With a clear...
As the world grapples with the urgent need to address climate change, countries are searching for innovative solutions to reduce carbon emissions and transition to a greener future. Recently, in a landmark moment for global climate governance, COP29 delivered on a decade-long promise by launching the world’s first unified global carbon market under the Article...
Carbon footprint measurement has become a critical aspect of modern industrial operations, serving as a foundational tool for identifying and managing (greenhouse gas) GHG emissions. In energy-intensive sectors, carbon footprint measurement is instrumental in mitigating environmental impact and driving business efficiency. This blog explores the types of carbon foot printing, ISO certifications, regulatory frameworks in...
In this blog, we will explore: Why Does Carbon Play a Crucial Role in Climate Change? How Does Climate Change Impact Businesses and Stakeholders? How Can Companies Calculate Their Carbon Footprint? Challenges in Measuring Carbon Footprint Conclusion Why Does Carbon Play a Crucial Role in Climate Change? Carbon dioxide (CO₂) and other greenhouse gases (GHGs)...
The Business Responsibility and Sustainability Report (BRSR) framework has emerged as a critical tool for businesses in India to align their operations with sustainability goals and demonstrate their commitment to environmental, social, and governance (ESG) standards. It is imperative for organisations to digitize their BRSR reporting processes to not just meet compliance requirements but actively...
With the rising emphasis on sustainable development, Indian companies are increasingly being held accountable for their environmental, social, and governance (ESG) impacts. The Securities and Exchange Board of India (SEBI) introduced the Business Responsibility and Sustainability Report (BRSR) framework in 2021, establishing standardized reporting for listed companies. BRSR reporting enables companies to disclose their sustainability...
The urgency of tackling climate change is no longer a subject of debate; it is an indisputable reality that demands immediate and coordinated global action. Rising GHG Emissions, driven by industrial activity, have propelled temperatures to unprecedented levels, resulting in severe environmental consequences—melting ice caps, erratic weather patterns, and increased frequency of natural disasters. While...
Reducing carbon emissions is no longer just a regulatory requirement; it’s an urgent necessity. In India, 60% of emissions come from industrial manufacturing, with 15% stemming from the metals value chain, including mining, steel and aluminium production, casting forging, and foundry industries. India is the 2nd largest foundry industry with over 10 million tonnes of...
As the world grapples with the pressing challenge of climate change, nations are increasingly implementing policies aimed at reducing greenhouse gas emissions while maintaining economic competitiveness. One such policy is the CBAM (Carbon Border Adjustment Mechanism), which seeks to address the issue of carbon leakage and ensure that countries with stringent emissions regulations are not...
