Our research has revealed that while many companies in India and elsewhere have a pledged Net-Zero target, they face significant challenges in measuring and tracking their carbon emissions. Accurately measuring the greenhouse gases generated is the first step in the pathway to emissions reduction.
Investors, shareholders, regulators, and consumers are demanding that businesses disclose the carbon emissions generated by their operation and products. The carbon accounting standards are evolving and calculating carbon emissions is largely manual, making reporting complex, inconsistent and inaccurate.
Direct emissions from owned or controlled sources
Indirect emissions from the generation of purchased electricity, steam, heating and cooling
All other indirect emissions that occur in a company’s value chain (waste treatment, purchasing of goods, employee travel etc)
The world is beset by mounting waste. We are using natural resources faster than they are being replenished. This together with the resultant carbon emission threatens to derail human progress and cause irreparable damage to our planet.
The current linear economy of Take-Make-Waste is untenable. As organizations adopt Circular Economy, they are rethinking how they make and use everything. They are working on alternate production and consumption models to maximize the lifecycle of materials, optimize usage and reuse end of life products and materials.
This will help to reduce the carbon emissions linked to the production, sales and use of products. This needs to be measure and tracked so that businesses may transform their relationship with the planet.
~ Walter R. Stahel
These major Indian Apparel and Textile companies have recorded and published their Scope 1 and 2 GHG emissions. Most companies are yet to record their Scope 3 emission. We think that Scope 3 emission, which includes GHG emission of the supply chain, is critical for understanding the full scope of emission of any company.
The fashion industry is contributing between 8-10 per cent of the carbon emissions every year.
Innovation in plastic waste management is not just about scientific inventions but also about improvements in the logistics process.
A widespread adoption of Circular Economy practices is yet to happen. In each industry vertical, a few companies, possibly leaders have embarked on a CE journey. But CE can become mainstream only if entire supply chains make a transition.
The costs associated with environmental degradation and resource depletion can derail the most turbo-charged linear economies.
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