Capacity Building Exercise on Climate Change and GHG Accounting
Climate change is a pressing issue all over the world and especially in India as rapid development and urbanization has exasperated climate risks such as floods and heat waves throughout the nation. This has led to education and research on climate change being the need of the hour for the nation. To curb climate change, corporate involvement is crucial and as such education about climate change and the effects industries have on the climate through their emissions is of the essence
Our client is a leading listed Indian conglomerate which has recently entered the data services & infrastructure space. The company aspires to create a network of carbon neutral data centers across India. The first step towards this goal is to develop organizational capabilities to understand the potential impacts of climate change on the business and measure the carbon footprint through Greenhouse Gas (GHG) accounting.
We started by explaining the science behind climate change, including the greenhouse effect and itsimpacts. We then delved into the specific impacts of climate change on the organization, providing figures on the financial implications for their sector and discussed mitigation strategies.
We provided an overview of greenhouse gas accounting, its objectives, and methodology. We explained how to identify emission sources and outlined the calculations for Scope 1 (direct emissions) and Scope 2 (energy-related emissions) according to the GHG protocol. We also discussed the various sources of GHG emissions in scope 3 and explained the associated calculations. To ensure clarity, we summarized all the topics and addressed any questions or misunderstandings.
Finally, we conducted a step-by-step tutorial for the executives, guiding them through the process of completing the GHG emissions data template. This hands-on experience was intended to equip them with practical knowledge and address any potential challenges they may encounter during the actual GHG accounting process.