India Committed To Reducing Greenhouse Gas Emissions

In line with its global commitment, India has undertaken to reducing carbon emissions by 50 per cent by 2030 and for entire economy to be Net zero by 2070

Mumbai: India is committed to reducing its greenhouse gas emissions. Recognising the harmful effects of such emissions on our planet, India alongside 195 governments signed the historic Paris Agreement in 2015. The agreement aims to limit global warming to below 2°C, with an aspirational goal of 1.5°C. To achieve this, it is essential to reach net zero emissions by 2050 at the latest.

In line with its global commitment, India has undertaken to reducing carbon emissions by 50 per cent by 2030 and for the entire economy to be Net zero by 2070.

Talking to Bizz Buzz, Amit Tandon, managing director, IiAS says, “We unreservedly believe that the pursuit of Net zero or Carbon Neutrality isn’t just ticking the box to meet your compliance needs. In today’s world, it is an economic, strategic, and competitive necessity for long-term growth and business resilience. The corporate sector is seen as integral to help India achieve its decarbonisation targets, and some companies now voluntarily disclose their Net zero and/or Carbon Neutrality targets.

Based on disclosures up to 30 September 2024 for the NIFTY50 constituents, IiAS Sustain finds that 31 or 62 per cent of the NIFTY50 companies either a have a Net zero or a Carbon Neutrality target.

For companies that have made a commitment for both climate goals we have chosen the more stringent Net zero.

The pursuit of Net zero or Carbon Neutrality isn’t just ticking the box to meet your compliance needs. In today’s world, it is an economic, strategic, and competitive necessity for long-term growth and business resilience. IiAS will continue to monitor these disclosures.