CAs must learn about Carbon, CSR, ESG practices: Nirmala Sitharaman

Posted by - August 18, 2023

Union finance minister Nirmala Sitharaman urged the chartered accountants in the country to learn about carbon, CSR, and ESG practices; and implement the same in their business practice. She stressed the need for the CAs to familiarize themselves with national and international accounting standards, regulatory frameworks, and compliance mandates for carbon accounting, CSR and ESG.

Indorama Ventures expands PET recycling capacity

Posted by - August 14, 2023

Indorama Ventures, a producer of urea, phosphate fertilizers, polyolefins, synthetic gloves, cotton and synthetic spun yarns, has increased recycling facility in Brazil. The recycling facility, located in Juiz de Fora, Minas Gerais, Brazil, is increasing its production capacity from 9 thousand tons to 25 thousand tons per year of PET made from post-consumer recycled (PET-PCR)

How Honda is speeding toward circular materiality?

Posted by - August 11, 2023

In line with the UN SDG 12 on Sustainable Consumption and Production (SCP), auto manufacturer Honda has pushed on its accelerator toward circular materiality. The company is advancing a recycling initiative that takes uniforms worn by associates and textile waste from its U.S. manufacturing and R&D facilities and transforms them into sound-absorbing insulation for use

Jindal Stainless reducing Scope 3 emissions

Posted by - August 11, 2023

Jindal Stainless, the third largest private steel producer, is working at reducing Scope 3 emissions. With this, the company is ready for European Union’s Cross Border Adjustment Mechanism (CBAM) for EU’s carbon tax. While the company has made significant progress against its ESG metrics, it is preparing for EU’s carbon tax by reducing Scope 3

How are IBM and NASA leveraging AI to fight climate change?

Posted by - August 9, 2023

IBM that had developed AI-based geospatial foundation model from NASA’s satellite model has decided to share the code on open-source AI platform, Hugging Face. The initiative is an effort from both: IBM and NASA to widen access to NASA’s earth science data for geospatial intelligence and accelerate climate-related discoveries and innovations in Earth science. It

5 key principles of new global steel climate standards

Posted by - August 9, 2023

In a bid to advance climate strategy, advocate carbon emissions, and reduce greenhouse gas emissions in line with the Paris Climate Agreement’s 1.5-degree Celsius scenario by 2050, the Global Steel Climate Council (GSCC) has established Global Steel Climate Standards (GSCS). The standards are based on the principles of reducing global steel industry GHG emissions, establishing

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