The What and Why of MRV in Climate Action
One of the critical tools for achieving these goals is MRV, or Measurement, Reporting, and Verification. MRV refers to the processes and systems that enable countries and other stakeholders to track progress towards their climate goals, report on their emissions and climate actions, and ensure that their reported data is accurate and reliable.
ESG Reporting Tool
Footprint by TRST01, a blockchain-enabled ESG reporting tool built on Web2 and Web3.Footprint by TRST01 is a comprehensive tool that follows the 2021 Global Reporting Initiative (GRI), Sustainability Accounting Standards Board (SASB), Task Force on Climate-related Financial Disclosures (TCFD), and Carbon Disclosure Project (CDP) guidelines. It also links to the 17 United Nations Sustainable Development Goals (UNSDGs), allowing companies to monitor and report on their progress towards achieving these goals.
Democratisation, Decarbonisation and Decentralisation
The democratisation of carbon credits is critical to achieving the goal of net-zero emissions. Carbon credits are a market-based mechanism for reducing GHG emissions and providing financial incentives for reducing emissions.
FootPrint by TRST01
SEBI has mandated that the BRSR will be applicable to the top 1,000 listed entities (by market capitalisation) for reporting voluntarily for FY2021–22 and on a mandatory basis from FY2022–23. It has also proposed that asset managers should only invest in securities with BRSR disclosures.
Climate Challenge equals Climate Opportunity
There is a famous quote by Mahatma Gandhi – “Earth provides enough to satisfy every man’s need, but not every man’s greed”. We all agree that there should be economic progression but not at the cost of environmental degradation. There should be a balance between environmental sustenance and economic advancement. We cannot continue to pollute the atmosphere, poison the ocean and exhaust the land. This isn’t any more available.
Decarbonisation, Digitisation, Decentralisation
The democratization of carbon credits is critical to achieving the goal of net-zero emissions. Carbon credits are a market-based mechanism for reducing GHG emissions and providing financial incentives for reducing emissions
COP 27 ESG and BRSR India
Egypt is hosting the UN Climate Summit COP 27 from November 6 to November 18, 2022, in Sharm El Sheikh, with financing for climate change mitigation and adaptation high on the agenda.
According to the International Monetary (IMF) Fund, the investor appetite for sustainable finance incorporating ESG principles has mainly concentrated in advanced economies, but emerging markets reported a surge last year.