Environmental Product Declarations are no longer an option for companies to disclose. They have now become mandatory due to the new regulatory compliance requirements that require verification of the entire environmental data of the business. For those operating in the construction, manufacturing, or supply chain sectors, adopting these transitional shifts is vital to be compliant […]
The concept of decarbonization has evolved significantly across boardrooms around the world. Companies are focusing on product level environment transparency via Lifecycle Assessment (LCAs) and Environmental Product Declaration (EPD), making net-zero commitments, setting-up sustainability teams, and ensuring implementation of climate disclosures. The purchase of renewable energy has increased considerably, however, in spite of these developments, […]
Regulators are tightening sustainability reporting requirements to improve transparency and accountability around climate risks through climate action across global financial markets. Investors, regulators, and stakeholders increasingly expect companies to disclose how climate change affects operations, financial performance, and long-term strategy. Hong Kong is now accelerating its transition toward standardized climate related disclosure rules and frameworks […]
ESG is no longer just a ‘supplemental feature’ for a company, it has become a core strategic pillar for value creation. One must measure, manage, and transparently communicate the ESG performance that has significantly increased amid investors’ interests. This shift has brought multiple regulatory mandates into existence, which continues to rapidly evolve across jurisdictions. For example, in India, top 1000 listed companies must divulge ESG performances under the Business Responsibility […]
India’s power sector accounts for 1 GtCO2 in annual GHG emissions and is responsible for 40% of India’s total greenhouse gas emissions, as per latest reports. The power sector has undergone rapid transformation in recent years, and our country has successfully electrified all the rural-urban households through adequate power generation capacity facilitated by an integrated national […]
In India, cement sector is amongst the largest sources of carbon emissions, accounting 6% to 7% of the country’s total emissions. Although India is the second largest producer of cement globally after China, with ~8% of globally installed production capacity as of 2024, its per capita cement consumption is only 257 kg significantly lower than the global average of 540 Kg (DPIIT, 2023).  As per Statista […]
The Paris Agreement adopted in 2015 aims to limit global warming to well below 2°C and preferably to 1.5 °C which is above the pre-industrial level. Achieving this goal demands major GHG reductions and accelerated decarbonization across all sectors. According to the Global Status report for Building and Construction, construction and operations of buildings are […]
The IAASB approved the exposure draft of the International Standard on Sustainability Assurance, or ISSA 5000, on September 20, 2024. The new ISSA introduces a specific consideration to assurance over sustainability information as demand for strong and transparent sustainability reporting surges. ISSA 5000 is set out to provide explicit guidance for assurance of sustainability information […]
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