THE CLIMATE CRISIS is real. Countries, cities and companies have commenced work towards abating greenhouse gases (GHG), yet the past eight years (2015 to 2022) are on track to be the eight warmest on record, fuelled by ever-rising greenhouse gas concentrations and accumulated heat (per the WMO Provisional State of the Global Climate in 2022 report).
This has resulted in extreme heat waves, drought and devastating floods, affecting millions and costing billions this year.
Companies have been adhering to the protocols for effectively measuring their GHG emissions, but that's mostly restricted to Scope 1 (direct emissions) and Scope 2 (emissions from direct purchases of energy). The indirect emissions, which occur in activities outside the boundary of an organisation such as vendors, suppliers, etc., which are external entities but are inextricably part of its value chain-are classified under Scope 3. Tellingly, Scope 3 emissions account for about 75 per cent of the total industrial carbon footprint, and are often neglected.
This story is from the December 11, 2022 edition of Business Today India.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the December 11, 2022 edition of Business Today India.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
Already a subscriber? Sign In
Four Levers Of Enterprise AI Strategy
Wide-scale private sector AI deployment and new AI-based business opportunities and ecosystems can truly supercharge the Indian economy
"Don't let a unique chance slip by"
JEFF MAGGIONCALDA | CHIEF EXECUTIVE OFFICER | COURSERA
THE INCOMING DISRUPTION
The disruption in the industrial sector is still unknown, but inevitable. Companies need to wake up
THE WHEEL WHISPERER
For Manan Shah, Managing Director of MICL Group, luxury cars are not about showcasing one's wealth or status. It is about personal well-being
TRIPPING WITH TECH
A road trip is an adventure like no other. While you take in the experience, get some peace of mind with these nifty gadgets
Transforming Spaces
WHETHER YOU WANT TO REDECORATE YOUR BEDROOM OR HALLWAY, A GORGEOUS WALLPAPER ADDS FLAIR TO YOUR HOME AND ALLOWS YOU TO STAMP YOUR STYLE IN YOUR NEW ABODE
PMS VS MF THE BIG FIGHT
HOW DO MUTUAL FUNDS AND PORTFOLIO MANAGEMENT SERVICES MATCH UP? KNOW THE SCORE ON STRUCTURE, RULES, ENTRY FEES, CHARGES, AND TAX PERKS TO PICK THE RIGHT PATH FOR YOUR FINANCIAL JOURNEY
ALPHATALE
MONEY MANAGERS TO THE AFFLUENT DELIVERED ROBUST RETURNS TO INVESTORS IN THE PAST YEAR, THANKS TO THE BUOYANCY IN THE MARKETS. BUSINESS TODAY DECODES THEIR STRATEGY
"THE ALTERNATIVES SPACE CAN GROW 3X IN FIVE YEARS"
Vikaas M. Sachdeva, MD of Sundaram Alternates, talks about where India's alternative investment industry is headed
"ALWAYS BE DATA-DRIVEN WHILE INVESTING"
First Global's Founder and CMD Devina Mehra on her company's PMS outperformance, technology and industry