Paris Climate Agreement & ESG
The Paris Agreement binds countries to fight climate change, impacting businesses globally. Conference of Parties (COP) is a forum to strategize action on Climate change. 195 countries have pledged to for 1.5°C warming limit, 50% emissions reduction by 2030, and net zero by 2050. They define plans termed as Nationally Determined Contributions (NDCs) every 5 years. Companies consider "ESG" – environmental, social, and governance factors – to measure their impact. Key metrics include energy use, emissions, diversity, and ethical standards. Businesses are required to track carbon emissions across their operations and supply chain (Scopes 1, 2, and 3).
Why companies need to act now
Companies need to act now due to increasing regulatory pressures for sustainability reporting and climate-related disclosures. Inaction could lead to financial impacts such as fines, loss of revenue, and difficulty attracting investors. It could also result in reputational damage, operational impacts, and a sustainable exodus, with eco-conscious customers and investors favoring competitors with better ESG performance. These factors make it crucial for companies to prioritize reducing emissions and taking sufficient action on ESG.
How to embark on a sustainability journey
Embarking on a sustainable journey involves tracking and reducing emissions, analyzing ESG insights, and driving sustainable transformation. However, challenges include high upfront costs for clean tech investments, difficulties in measuring and controlling supply chain emissions, lack of standardized metrics leading to inconsistency in reporting, data gaps, lack of ESG expertise, and the need to balance long-term sustainability goals with profits.
Coforge ENZO (Environmental & Net Zero Offering)
Coforge ENZO empowers organizations to address complex sustainability challenges through a comprehensive environmental management platform. Built on the #1 sustainability management software (as cited by Forrestor) it enables accurate emissions tracking and management, culminating into Paris-compliant reports in alignment with global reporting frameworks.
Services Suite
- Data Transformation & Management: Going from raw data capture to platform-ingestible data format via ESG-specialized data cleansing, transformation, and unification.
- Decarbonization Consulting & Advisory: Capital Project Delivery, Corporate Sustainability & Climate Change Strategy, Remediation Management, Sustainable Ops, Supply Chain Greening, and Carbon Markets Advisory.
- Carbon Accounting as-a-Service: End-to-end Carbon Accounting using transformed data and standardized global emission factors, ensuring a complete view of emissions data.
- Carbon Reporting as-a-Service: Holistic emissions reporting based on sector-specific reporting frameworks using real-time emissions data, culminating into audit-ready sustainability reports.
- ENZO Centre of Excellence: Custom reporting frameworks, platform configurations, and industry specific sustainability dashboards enabling continuous monitoring and pro-active corrective actions.
How it works
- Streamlined Data Collection: We help you identify, gather, and transform the raw data from emissions sources across operations.
- Automated Carbon Accounting & Reporting: Automated emissions calculations, dashboards, and ESG reporting will be done by our Sustainability Management Platform.
- Strategic Actions: We enable you to build a robust decarbonization strategy with a perfect combination of platform-driven insights and our Consulting capabilities.
