Carbon Footprint & Strategy
As regulatory frameworks on businesses around permissible carbon emission limits and carbon trading are getting strengthened around the globe, businesses are taking proactive initiatives to record their carbon emissions and devise ways to reduce the same.
While greenhouse gas inventory reporting is currently not mandatory in India, progressive companies are already identifying risks associated with GHG constraints and are voluntarily taking stock of their GHG emissions.
A carbon strategy would chalk out steps for the company to ensure its growth in the carbon constrained economy and maximize its carbon assets. The carbon strategy would also help companies to identify climate risks and opportunities, thereby reducing costs and enhancing revenues as well as their corporate image. Companies would also be better prepared to take on climate regulations, whether local or global.
We help clients and their organizations to develop a low carbon strategy and transform the organization into a climate responsive organization, which covers:
- Inventorization of the greenhouse gas emissions of the organization due to various activities.
- Identification of best practices for the different processes of the organization.
- Identification of greenhouse gas abatement levers and detailed techno-commercial feasibility analysis for each lever.
- Development of a marginal abatement cost curve for the levers identified.
- Development of the company’s response to upcoming climate regulations including a probable framework for communication with internal and external stakeholders and policy makers.
- An analysis of how profitability of the company would be impacted with carbon prices and taxes and the cost pass through ability of the sector.
EY’s Climate Change & Sustainability Services team is well positioned to assist businesses in estimating the baseline Carbon Footprint and develop Carbon Strategy.
- We have carried out the carbon inventorization and development of low carbon strategy for one of the biggest Indian conglomerates, which include companies in the automobile, power, steel and chemical sectors.
- We have carried out the carbon accounting exercise for few IT companies and given “green IT” recommendations for transformation into a ‘zero carbon’ company.
- One of the largest power generators and distributors of India has engaged us to account for its greenhouse gas emissions and to devise a low carbon growth strategy for the company.
- We have carried out the carbon footprint exercise for FMCG companies.
- We have carried out carbon footprint and climate strategy for a large industrial company as well.