The climate scenario models in the financial services industry (FSI) significantly underestimate climate risk. A new report from the Institute and Faculty of Actuaries (IFoA) created in partnership with the University of Exeter has found that the threat that climate change poses to our planet and society is not always reflected in the economic models
The Government of India (GoI) has announced new corporate social responsibility (CSR) guidelines in an effort to serve the needs of the regional communities residing close to the ports. The endeavor will make the ports not just sustainable workplaces, but also motivate them to follow the ESG framework that aligns with the UN SDGs for
The Indian Railway which has been at the forefront in adopting green technology is planning to operate 35 hydrogen fuel cell trains on the Northern Railway. A pilot project to retrofit a diesel electric multiple unit (DEMU) rake with a hydrogen fuel cell and the related ground infrastructure has already been approved by IR. The
The International Sustainability Standards Board (ISSB) has issued inaugural standards—IFRS S1 and IFRS S2, to drive sustainability-related disclosures in capital markets worldwide. IFRS S1 provides a set of disclosure requirements to enable companies to communicate to investors about the sustainability-related risks and opportunities they face over the short, medium, and long term. IFRS S2 sets
Microsoft is adding new features to its sustainability platform-Microsoft Cloud for Sustainability. Key capabilities include helping companies meet emerging ESG reporting requirements and regulations, calculating Scope 3 emissions, and collecting and managing ESG data across categories and data sources. Additional features: The additional features include an expansion of Microsoft Cloud for Sustainability’s emissions calculation capabilities
The uptake of sustainable aviation fuel aka SAF is on the rise in India.
Global professional services firm Deloitte has launched the Scope 3 emissions calculator. The new calculator connects an organizations’ ESG reporting and GRC (governance, risk, and compliance) functions. The new tools include Scope 3 Greenhouse Gas (GHG) report calculator and a dashboard to map emissions for the 15 categories, across the value chain. Other features include
A new Sustainability at Work survey carried out by Adobe throws interesting insights into the sustainability trends in Indian workplaces. The report also drew a `now global conclusion’ that the youth (between 25 to 34 years and the millennials are driving sustainability practices at the workplace. On their part, enterprises too have embarked on their
Global market advisory firm PwC has a series of initiatives aimed at boosting its global nature and biodiversity capabilities. The New Equation: The new initiative follows PwC’s launch in 2021 of its global strategy—The New Equation. This includes: • Plans to invest $12 billion over five years, • ESG as one of the key focus
Adani Green Energy Ltd (AGEL), the renewable energy arm of the diversified Adani portfolio companies, has been certified Water Positive by DNV, an independent global assurance agency. AGEL’s Water Balance Index for operating plants with more than 200 MW capacity (Tamil Nadu, Rajasthan, Karnataka, Gujarat and Andhra Pradesh), is 1.12 (Positive). The company has surpassed
The Bureau of Indian Standards (BIS) has rolled out standards and tests for EV charging infrastructure, and requirements for battery swapping systems. As of January 23, 2023, India had 5,254 public electric vehicle (EV) charging stations, to cater to 20.65 lakh EVs. The India Energy Storage Alliance (IESA) in its 3rd edition of the 2022
Energy and automation solutions provider Schneider Electric has launched a new software suite to enable small and medium enterprises (SMEs) to accelerate climate change. Zeigo Activate, the new software suite is aimed at enabling SMEs to track and reduce their climate impact. The tools can help SMEs to measure their emissions baseline, set reduction goals,
