India, net-zero target and role of corporates

  • India, net-zero target and role of corporates

    To generate zero-carbon emissions for a country is a big dream. So, offsetting carbon footprint by c

    India, net-zero target and role of corporates

    Our country has set a goal to be a net-zero nation by 2070. While achieving Net Zero by 2070 is definitely within India's reach, but it may be difficult to do so sooner or flatten the emissions curve without modifying the Net Zero target date. Focusing specifically on carbon capture within projects and plants could prove essential in tackling the prevalent use of coal in electricity generation and industrial activities. Notable among the companies committed to net-zero goals are Reliance Industries (RIL), Tata Consultancy Services (TCS), HDFC Bank, Wipro, Infosys, Mahindra & Mahindra, JSW Energy, ITC, Adani, and Dalmia Cement. and Indian Railways. In addition, 64 Indian corporations have pledged to reduce greenhouse gas (GHG) emissions, according to the Science-Based Target Initiative, a global partnership that enables companies to establish their own climate commitments. Furthermore, the net-zero objectives of 28 of these enterprises have been officially verified. Achieving a nation's goal of zero carbon emissions represents a significant aspiration. Therefore, countering the carbon footprint by capturing it presents a feasible strategy to attain carbon neutrality for a country. Carbon offsetting necessitates a shift in behavior towards responsible actions and sustainable practices.

    What corporate should do?

    What corporate should do?

    In the pursuit of carbon neutrality, professionals advise businesses to develop a gradual strategy instead of hastily adopting greener technologies. Incorporating local clean energy sources is a valuable recommendation to consider. Using electric vehicles and installing solar panels are two surefire ways to go in the direction of environmental sustainability.

    Capture, calculate and offset
    Capture, calculate and offset

    Initially, it is imperative for leaders and visionary business minds to possess a comprehensive understanding of the concept of carbon neutrality. They should be able to capture the companys carbon footprint, followed by its calculation and rewarding employees in the process, and eventually offsetting the emissions. Upon successfully capturing and calculating the complete carbon footprint, an organization can take proactive measures. This process facilitates the analysis of both the most and least favorable carbon indicators, enabling the effective reduction of carbon emissions. Additionally, carbon offsets can be purchased to make up for any shortfall in case the business is unable to reduce its carbon footprint to the same extent as it contributes. A facilitator can come in handy. Just be astute enough to choose a carbon management facilitator/system for your business/company!