India GHG Program: New Emissions Accounting Tool Launched for Businesses in India
MUMBAI, JULY 18, 2014 – On July 18, 2014, the India GHG Program launched the GHG Accounting Tool to mainstream the measurement and management of greenhouse gas emissions in Indian businesses. The tool was introduced to executives from leading Indian companies and SMEs in their value chain at the Green SME Summit – Collaborating Across the Value Chain. India GHG Program hosted the event in partnership with Deutsche Gesellschaft für Internationale Zusammenarbeit GmbH (GIZ), a German government owned not-for-profit enterprise supporting sustainable development.
The SME GHG Accounting Tool is a do-it-yourself approach for the corporate sector in India to measure and manage greenhouse gas emissions. The tool supports companies with limited resources and capabilities to compile, evaluate, and share emissions information. Currently, the tool is available online at http://indiaghgp.org/india-specific-tools. The tool, which can be used for internal decision making and engaging with partners, is now available for companies to test and deploy across business facilities.
“WRI India works closely with key stakeholders including industry and government to achieve high levels of growth in a sustainable manner.” Mr. Jamshyd Godrej, Chairman, Godrej and Boyce Manufacturing Limited said. “India GHG Program has contributed to improving the bottom line and the environmental performance of all the participants. India GHG Program has contributed significantly to achieving India’s sustainable goals through collaborative action with all stakeholders”
Convened by the India GHG Program, the Green SME Summit included participation from leading businesses – YES Bank, Godrej and Boyce Manufacturing Ltd., KPIT Technologies, Mahindra & Mahindra, ACC Limited, Aditya Birla Group, JSW Group, Ford Motors, Bayer Group. The SME sector was represented by Matru Chemicals, Vijayesh Instruments, SA Glass and SimaPro India. The summit focused on outlining the opportunities, challenges and current developments for SMEs within large corporate value chains to reduce emissions and improve efficiency. The summit included discussion on how engagement among large enterprises, SMEs and vendors in the value chain can promote profitable and sustainable businesses in India.
“Small and Medium Enterprises (SMEs) have been significant contributors to India’s economy. The importance of deeper engagement between large companies and SMEs in their value chain cannot be understated, especially when it comes to leveraging low carbon opportunities.” Beroz Gazdar, Sr. Vice President, Mahindra & Mahindra said. “At Mahindra, we strongly support and encourage initiatives like the India GHG Program which establish multi-stakeholder linkages.”
“Support from large corporations can help shift the entire SME sector in India towards aligning environmental performances with business benefits,” Aditya Agarwal, Director, Shree Ashtavinayak Glass said.
The India GHG Program led by WRI India, Confederation of India Industry (CII) and The Energy and Resources Institute (TERI) is an industry-led voluntary framework to measure and manage greenhouse gas emissions. The Program strives to build comprehensive measurement and management strategies to reduce emissions and drive more profitable, competitive and sustainable businesses and organizations in India. The program is supported by the Shakti Sustainable Energy Foundation, the German Federal Ministry for the Environment, Nature Conservation and Nuclear Safety (BMU) and Pirojsha Godrej Foundation.
For more information visit: http://indiaghgp.org/green-sme-summit-collaborating-across-value-chain
