Corporate Climate Responsibility - Who is doing what?
We all know about Corporate Social Responsibility (CSR) rules, Enactment of Companies Act, 2013 by the Ministry of Corporate Affairs. Government of India was one of the world's largest experiments of introducing the CSR as a mandatory provision by imposing statutory obligation on Companies to take up CSR projects towards social welfare activities. This has made India the only country which has regulated and mandated CSR for some select categories of companies registered under the Act. This CSR Initiative will push the nation towards achievement of sustainable development goals and public-private partnership in transforming India.
Indian companies allocate 2% of their annual revenue towards social causes.
Similarly, we request the Indian Government to consider introducing Corporate Climate Responsibility (CCR) which could be 50% of their CSR spends or 1% of the above rule.
For example - All manufacturing companies whether they are supplying to B2B or B2C they should collect back the residue of their sold products, i.e. FMCG companies or packaged goods manufacturers using plastic to package their goods should have statutory guidelines on disposal.
1) End-of-Life disposal management - The responsibility to recycle and reuse the plastic wrapper after usage / consumption - For example - Hindustan Unilever Limited has their guidelines on Waste Free World. They can include a link to their website for exchange of free products and samples on exchange of empty wrappers and packets.
Tech Mahindra is among two Indian business entities to join a global declaration on climate lobbying, an idea that is new to India. Active lobbying by powerful industry associations has often decelerated or inhibited the advancement of Paris-aligned climate policies. The aim of climate lobbying is to push for climate action in business and not stall pro-climate decisions for profits.
IT-services major Tech Mahindra has joined a group of fifty companies together having annual revenue of USD900 billion to endorse a global corporate climate-lobbying agreement, committing to push their trade and business associations to advance alignment with the Paris Agreement climate goals.
Please check out - https://climate.ideazfirst.com/esg on how your company can contribute to a greener world with zero climate calamities.
Please contact us at Climate@ideazfirst.com for planning a NET ZERO World for your company and customers.
Reference - ESG Database by Prime Info Base
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