FTCCI President Urges Action: Understanding Carbon Footprint Vital for Sustainability

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The Environment Committee of FTCCI organized a program on the most sought-after subject Carbon Footprint and Reporting in the city on Thursday in Federation house in Red Hills.

Speaking on the occasion Meela Jayadev, President of FTCCI said sustainability is no longer a choice but a necessity, understanding and mitigating our carbon footprint has become paramount. Today’s program aims to delve into the intricacies of carbon footprint measurement, reporting, and the pivotal role it plays in shaping our environmental responsibilities.

The importance of reducing carbon emissions and adopting sustainable practices cannot be overstated, Jayadev added. This program serves as a platform for us to learn from experts, and share insights and contribute to a greener, more sustainable future.

Carbon footprint reporting holds importance in the sustainability journey of the industry for several reasons.  The first step in the journey is measurement and reporting. It helps the organization to measure and capture the data accurately of the greenhouse gas emissions; said G. Bala Subramanyam, Chair of the Environment Committee of FTCCI

This data also helps the industry to accurately report public disclosures being required such as Sustainability Reporting based on GRI principles, BRSR reporting as mandated by SEBI, CDP or SBTi as insisted by some customers, added Bala Subramanyam.

Priyanka Pothana, CEO of General Carbon, an ESG, sustainability, climate, and carbon consulting organization and prime speaker at the program explained what emissions are, the effects of emissions, what are fossil fuels, the types of greenhouse gases, and statistics on emitters. She also highlighted some of the actions driven by companies.  Many Indian Inc. majors may be net zero by 20250. Dr Reddy’s says it aims to cut greenhouse gas emissions by 55% by 2023; Vedanta Aluminium expediting efforts to achieve net zero by 2025, Sporting goods retailer Decathlon aims to become net zero by 2050 and Infosys to turn carbon neutral 30 years ahead of 2050, the timeline set by the Paris Agreement.

The challenges we face require immediate action, and it is our responsibility to lead the way. Our organization is dedicated to empowering businesses to embrace ESG principles, integrate sustainability into their core strategies, and uphold responsible practices said Priyanka who spoke on CHG Emissions–Scope 1 & 2 along with her colleague Harshini Vanaraj,

The one full-day program was organized for individuals and businesses seeking to understand, measure, and reduce their carbon footprint.

Over 100 participants such as Industry Managers in EHS, Engineering, Sustainability, Supply Chain Management, Production & HR and EHS Professionals participated. The attendees gained a deep understanding of Carbon footprints, their impact on the environment, and strategies for effective reduction.