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...
BRSR: Leveraging Technology to Get Better at Sustainability Reporting
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...
CBAM Regulations: A Guide for Businesses
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 greenhouse gas (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...
THE IMPACT OF CBAM: GREEN FOUNDRY
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...
The Economic Impact of the Carbon Border Adjustment Mechanism
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 Carbon Border Adjustment Mechanism (CBAM), which seeks to address the issue of carbon leakage and ensure that countries with stringent emissions regulations are not...
GHG Emissions: Scopes 1, 2, and 3 Explained
In our previous blog, we explored the foundational aspects of the Greenhouse Gas (GHG) Protocol, emphasizing its role in standardizing GHG emissions measurement across industries. Building upon that, this blog delves deeper into the core components of the GHG Protocol, specifically Scope 1, Scope 2, and Scope 3 emissions. Understanding these scopes is crucial for...
Impact of CBAM on Indian Ferro Alloy Producers
What is CBAM? Reducing carbon emissions is now a top priority for governments, industries, and international organizations, as outlined in the 2015 Paris Agreement. One proposed solution to this urgent problem is the implementation of a Carbon Border Adjustment Mechanism (CBAM) regulation. This mechanism is especially relevant for energy-intensive sectors like iron and steel, which...
Carbon Border Adjustment Mechanism (CBAM) for Steel Industry
In recent times, the issue of climate change and reducing carbon emissions has become a top priority for many countries and industries around the world. One of the proposed solutions to address this urgent problem is the implementation of a Carbon Border Adjustment Mechanism (CBAM). This mechanism is particularly relevant for energy-intensive industries like iron...
GHG Protocol: Calculation Tools for Greenhouse Gas Emissions
In our rapidly changing world, the effects of climate change are becoming increasingly evident. As businesses and governments strive to reduce their impact on the environment, tools such as the Greenhouse Gas (GHG) Protocol have become essential for tracking and managing greenhouse gas emissions. The GHG Protocol plays a pivotal role in helping organisations align...