The holiday season in the US is just around the corner. It’s the season of joy, celebration, and generosity. A festive spirit fills the air as families and friends celebrate together. However, amidst the merriment lies the considerable environmental challenge of increased consumption.

Carbon accounting quantifies an organization's greenhouse gas (GHG) emissions, with the primary objective of complying with ESG regulations and reducing their Carbon footprint. In an era marked by climate change concerns and sustainability goals.

Whenever the subject of environmental impact comes up, it’s usually limited to emissions, energy consumption, adoption of renewable energy, and global warming - be it board meetings, financial reporting, or public forums.

According to a report, 68% of United States consumer products companies outsource parts of their workforce. Why? Because it makes business and financial sense. The US is home to many multinational corporations with supply chains stretched around the globe.

The Sustainability Summit and Awards 2023, a forum for discussions and collaboration, recently concluded in Bangalore. The one-day summit saw participation from some of the biggest companies in India, like Hindustan Coca-Cola Beverages Pvt. Ltd., Tech Mahindra, and Tata Consultancy Services, among many others.

In today’s dynamic global business environment, ESG has evolved from a trend to a necessity. Collaboration - among enterprises, suppliers, and industries - is the key to realizing ESG goals.

While ESG has been an influential parameter in board meetings and investment portfolios for quite some time, it has now gone mainstream. It is also responsible for influencing purchase patterns and brand reputation.

According to the Information Technology and Innovation Foundation (ITIF), the Information Technology Enabled Services (ITeS) industry, also called IT consulting firms in the USA, employed 5.9 million workers in the US in 2022.

While the GHG Protocol provides an extensive list of Scope 3 contributors, all categories are not relevant to all industries. Every industry has its distinct environmental footprint due to its mode of operations, sourcing, and distribution, which makes generalized standards irrelevant in many instances.

SEBI's BRSR Core introduces vital ESG KPIs for listed companies, enhancing transparency. Challenges remain, but Treeni's resustain™ platform empowers to streamline ESG reporting, ensuring compliance and credibility. This move strengthens stakeholder trust and boosts India's ESG landscape.

Doomsday Knocking - Floods, Landslides, Heatwaves, Fires.
As we move from the era of global warming to “global boiling” (as termed by the UN Secretary-General António Guterres) climate extremities have become more frequent and violent.

The global financial industry may be responsible for negligible direct carbon emissions, but self-reported data from insurers, banks, and global asset managers has brought a grim reality to light.

We are in the midst of the drastic effects of Climate change, which has called for all nations to accelerate their efforts to reduce GHG emissions.

In our last Blog on the highlights from the 3rd ESG & Sustainability Strategy India Summit, we discussed the broad theme of the summit - how ESG is imperative to Business and what the industry experts recommend that companies must do on their ESG journey.

In a significant gathering of industry leaders and experts, the 3rd ESG & Sustainability Strategy India Summit recently took place in Mumbai, providing a pivotal platform for discourse and collaboration.

In its effort to cement its position as a world leader, India is focused on consolidating its sustainability efforts and achieving goals. The recently held 3rd ESG & Sustainability Strategy India Summit 2023 saw the industry and Treeni...

ESG factors have become central to long-term financial stability and success for companies globally. In India, business leaders...

A global weather report from the Guardian on US data shows that the levels of greenhouse gases (GHGs) in the atmosphere are now alarmingly high. Compared to the pre-industrial era, atmospheric carbon dioxide levels are 50% higher and atmospheric methane levels...

Sustainability goals were once distinct from core organisational goals. However, recent times have seen a sweeping change in...

Net Zero is an oft-heard term today and rightfully so. As the world moves towards a more sustainable future, large global enterprises see Net Zero as an opportunity for market competitiveness and leadership. That opportunity brings with it the nee d for accountability and transparency.

Recent extreme climate conditions have set the global alarm ringing on sustainability issues. Business stakeholders like investors are on the hunt for responsible and ESG-compliant companies.

In the post-pandemic world, volatility and uncertainty have expanded the daily risks businesses face. War, global economic uncertainties, price modulations and competition in the supply chain, and other related factors have made sustainability and climate change concerns central to every conversation. Large corporations are responding by prioritising risk monitoring and management.

As enterprises start getting a handle on managing sustainability data and performance within the enterprise, including scope 1 and scope 2 emissions, they are recognizing the importance of managing the environmental impact of their supply chains.

As the spotlight on sustainable development intensifies globally, ESG reporting is rapidly transitioning from voluntary to mandatory. It started gaining traction early in 2020 as shown by the findings in a report by Carrots and Sticks which confirmed that ESG-based reporting is increasingly becoming mainstream:

Environmental, Social, and Governance (ESG) has rapidly become the global buzzword among a vast majority of investors and customers alike. The significance of ESG cannot be overstated, because it has emerged as a crucial agenda that businesses must address promptly.

Small and mid-sized businesses (SMBs) are deceptively powerful. Their role in the context of the local economy may appear minuscule, but only after beholding the millions of firms dotting the landscape of India can one truly grasp the magnitude of their impact on the Indian economy.

Sustainability reporting has become increasingly important for businesses of all sizes in recent years. While larger corporations have been leading the way in sustainability reporting, small and medium-sized businesses (SMBs) have been slower to adopt this practice.

Globally SMBs are defined by annual revenue as small (less than $50 million) and medium (more than $50 million but less than $1 billion). As per the Ministry of Micro, Smalll & Medium Enterprises, GOI, Indian SMBs are defined as small (turnover less than 50 crores or approx

Awareness. Transparency. Inclusion. These three parameters play a crucial role for businesses in today’s rapidly changing world. With a dynamic shift in consumer preferences and ways of doing business, a company’s credibility and acceptability no longer depend solely on profits.

ESG as a concept is still evolving, hence understanding of ESG, i.e., Environment, Social, and Governance, is yet to occur. However, undoubtedly the past year has been disruptive and concerns around climate change and the environment have united us in more ways than one.

Carbon dioxide emissions in the atmosphere from burning fossil fuels like oil, coal, and gas is a cause of concern resulting in climate change and an increase in global temperatures. In order to limit the above concerns, carbon neutrality...

Climate change is one of the most complex issues of our times, it is a global problem that can be felt on local scales, one that will be around for decades and centuries to come. One of the major causes of climate change is the emission of greenhouse gases, that pose significant risks for both human and natural systems and if continue to increase, will result in greater risks. So far, anthropogenic activities have caused about 1.0 °C of global warming ...

Curious Case of Supply Chain Sustainability: How and Why? In today’s world, organisations cannot thrive solely based on product offerings and bottom lines. We’ve moved into a space where a holistic approach towards the community and environment plays a very important role in building and...

In a post COVID world, the need to build community resilience has been made more apparent than ever. CSR forms an integral part of responsible business initiatives that enable organizations to engage with stakeholders in a relevant manner, to help empower communities through policies and...

Corporate Social Responsibility was described as a “social contract” between business and society in the year 1971 by the Committee for Economic Development, but for India, the concept of CSR is not unfamiliar. In the pre-industrialization period, up till 1850, traders helped the population through charity in times of Famine and pandemics by...

Supply chains are highly diverse and crucial to the success of businesses as a source of value creation and innovation. Socially responsible supply chains seek to combine both financial return and social good that creates the need for investors to make strategic decisions beyond financial...

Addressing Supply Chain Risks Through the ESG Lens in a Post COVID Era The COVID -19 pandemic has brought to the fore, a host of unprecedented ambiguities for societies...

Curious Case of Supply Chain Sustainability: How and Why? In today’s world, organisations cannot thrive solely based on product offerings and bottom lines. We’ve moved into a space where a holistic approach towards the community and environment plays a very important role in building and...

Treeni Sustainability Solutions in association with Sonata Software conducted a webinar on 13th August 2020 on ‘Transforming ESG for a sustainable post-COVID world’, with an elite panel of speakers consisting of – Namita Vikas. Founder & Managing Partner, auctusESG LLP and Senior Advisor, Climate Bonds...

The concept of Circular Economy promises a new way of doing business. Such a framework provides very innovative perspectives to various industries. Currently it is a challenge. It may seem unattainable. But over a period of time, it can be seen as an emerging opportunity,...

ESG: From Business Necessity to a Business Barometer In today’s world, the dynamics of everything around us, right from our ideologies and socio-political systems, to weather patterns, melting ice caps and rising sea level, rapid advancement in technology are evolving at a lightning speed. This...

Sustainability Means Business Investigating how sustainability directly impacts financial performance Most decisions in business are directly or indirectly linked to the finances of the company. While many lines of business and business practices can easily be linked to the revenues and the bottom line...

A bird’s eye view of 2017 paints an interesting picture, despite the initial darkness of the year’s low points. Without doubt, there were global shocks from Trump, overall...

Top 6 things CEOs must know about achieving Climate Leadership With the recent Paris agreement on combating climate change, and rising concerns over environmental degradation,...

Lets Make Sustainability An Attitude, Not Just a Function Sustainability needs to come from inside the heart and soul of a company, and not just a forced reporting function It is true that sustainability reporting has become increasingly prevalent amongst Indian companies. While the...

The Keys to Building A Strategic EHS Framework for Enterprises Risk cannot be overcome, at best it can be managed. Today, enterprises navigate in an environment of risks across each domain of their business. Environment, Health & Safety (EHS) risks are critical and need to...

Solving the urban air pollution and GHG challenge Urban air pollution and rising carbon footprints are the scourge of Indian cities. One of the key sources of urban air pollution is vehicular emission. In this context, the Indian government’s green initiatives are indeed laudable. They...

At 10PM Friday evening, over a mug of hot Irish coffee, I was reflecting on the day’s Treeni’s ‘Sustainability for Breakfast’ series catch-up with sustainability practitioners and leaders. I have been through many events and talks around sustainability till date, but today was different. The...

For all those who have read the book by Dr. Seuss “The Lorax” to their children know the heartfelt message this book brings. For those who are not familiar with this book – it chronicles the plight of the environment personified by “the Lorax”, who...

Climate change has been identified as the top global risk in Global Risk Report 2016 by World Economic Forum. Failure to mitigate and adapt to climate change is closely linked to natural catastrophes, extreme weather events, water and food crisis which in turn will result...

It was an eventful day at the Mahindra & Mahindra “Waste to Wealth” Seminar, I was invited to speak about waste management best practices in 3 sectors – automotive, IT and hospitality. The audience from various group companies had folks with experience ranging from 3...

Last week I met a good friend for breakfast, after that he was to spend the rest of the day in a leadership workshop with a global industrial enterprise, on business strategy, innovation and digital transformation. I asked him if he ever met executives that...

On September 25th 2015, countries adopted a set of goals to end poverty, protect the planet, and ensure prosperity for all as part of a new sustainable development agenda. Each goal has specific targets to be achieved over the next 15 years. For the goals to be reached, everyone needs...