Author: Manoj Sharma, Chhavi Goyal & Simran Nayal, ASA
Our world today faces an existential crisis: Climate Change. With every ticking second, greenhouse gases (GHGs) continue to accumulate in the atmosphere, leading to catastrophic environmental consequences. Amidst this turmoil, carbon accounting has emerged as an indispensable tool, akin to a lighthouse in a storm, guiding organizations toward sustainable practices. This article delves into the heart of carbon accounting, its indispensability, and its relationship with Environmental, Social, and Governance (ESG) frameworks, Climate Change Mitigation Activities (CCMA), and the International Financial Reporting Standards (IFRS) S1 and S2. Moreover, it explores what we, as human beings, can contribute to alleviate this global concern.
Published on – ET EDGE
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