The global phenomenon that is a prime concern for every nation on this earth is Global Warming and Climate Change. The steering factor that underlines them is the rise in greenhouse gases in the atmosphere. Reducing their atmospheric prevalence would reflect on a deterred global warming, which can only be achieved on a holistic approach on reducing the amount of greenhouse gases, which is majorly comprised of Carbon gases, from the sources – industries, organization, product etc. The first step to achieve that is articulating the amount of greenhouse gases that are being emitted into the atmosphere. Cholamandalam MS Risk Services Limited could assist organizations, industries, and other institutions to apprehend their carbon emission through their Carbon Management Services – Carbon Footprint Assessment, Carbon Neutral Studies, and Climate Change Adaptation Studies.
A sustainable business with low carbon footprint in the society would draw the attention of investors and other stakeholders resulting in improved economic growth. In today’s world, investors and buyers are urging to become a responsible global citizen through their awareness on green economy and low carbon footprint. The carbon footprint assessment has become a mandate for any organization or industry to have their significant share in the global market.
The carbon footprint assessment program lies in line with the framework defined by the Greenhouse Gas Protocol which involves three scopes
Scope 1 emissions include the direct GHG emissions of a company which arise from sources that are owned or controlled by the company.
Scope 2 emissions include indirect GHG emissions of the product that are released from the generation of purchased electricity consumed by the company. Purchased electricity is defined as electricity that is purchased or otherwise brought into the organizational boundary of the company. Scope 2 emissions physically occur at the facility where electricity is generated.
Scope 3 emissions include other indirect GHG emissions of the company that result as a consequence of the activities of the company but occur at sources owned or controlled by another company. CMSRSL through their service offering would help achieve those shares by aiding institutions knowing their carbon footprint and reduce their footprint through wise decision making to further their businesses.