New Report Highlights India's Progress In Carbon Reduction

Even as the climate-threatening condition continues to get intense, corporate advancement on carbon reduction has been on the decline. A fresh report commissioned by Boston Consulting Group (BCG) and CO2 AI indicates that Indian countries are the leaders when it comes to reporting emissions, selecting targets, and meeting the targets.

One such study, titled “Boosting Your Bottom Line Through Decarbonisation,” limited its investigation to 1864 executives on the emissions measurement and reporting, as well as reporting reductions and initiatives of the regulation. The respondents come from 16 major industries in 26 countries.

The analysis showed that while a picture of decarbonisation emerged and overall progress has regressed, particular entities are delighted and derive great income from decarbonisation strategies. Why these efficiencies don’t get translated into bottom line Revenue is called hidden benefits, which include reductions in operating costs whereby organisations innovate ways of lowering costs and removing waste and material or physical space and energy efficiency drives.

The research also stressed the need for basic undertakings such as measuring, reporting, and setting targets on the progress of decarbonisation aimed at regulatory targets. 

Moreover, some measures of a more advanced nature, such as AI to cut down emissions and assessing emissions at product level, should help to enhance the display levels of emission reduction and the corresponding reward potentials.

"India is emerging as a global leader in decarbonisation," said Anirban Mukherjee, Managing Director Lead, Climate & Sustainability, BCG India. "Indian companies are not only reducing their carbon footprint but also realising significant financial benefits." 

"Too few companies are seizing the financial gains offered from decarbonisation," said Diana Dimitrova, a BCG managing partner. "By mastering essential foundational actions like measurement, reporting, target setting, and taking advanced steps towards sustainability, these companies can become more efficient, more profitable, and demonstrate a stronger commitment to a greener future." 

The study recommends that organisations need to recommit on measures that entail ethical usage of AI towards meeting their climate goals and bottomline business objectives.