CBAM, the EU’s innovative carbon pricing mechanism, entered its transitional phase in Oct 2023. Targeting carbon-intensive imports like steel and aluminum, it aims to reduce carbon leakage and align global trade with climate goals. Key to its success will be balancing environmental objectives with fair trade practices.
In this comprehensive exploration, we delve into the transformative world of ESG (Environmental, Social, and Governance) management. Highlighting the pivotal role of innovative tools like the TRST01 Footprint, we examine how businesses are navigating the complexities of sustainability, ethical governance, and social responsibility to reshape their strategies for a sustainable future.
TRST01Chain is instrumental for Indian industries, particularly coffee, rubber, and leather, in adapting to the EU’s Deforestation Regulation. With India exporting 57% of its coffee, comprising 70% robusta and 30% arabica beans, worth over $600 million annually, and being the fifth-largest natural rubber producer, sending 25% of its exports ($800 million) to the EU, compliance is crucial. The EU also accounts for 30-40% of India’s leather exports, valued at $1.5 billion. TRST01Chain aids these industries in tracing deforestation-free sources within their complex supply chains.
India’s coffee saga, rooted in Chikmagalur’s hills since the 17th century, intertwines heritage with modern sustainability challenges. TRST01Chain emerges as a key tool in this narrative, ensuring EUDR compliance and environmental stewardship, while preserving the rich flavors and cultural significance of Indian coffee in the global market.
Rubber Story explores the journey towards sustainable rubber production, with a focus on natural and synthetic rubber. Market segmentation includes automotive, tires, medical, industrial, consumer goods, and more. Currently, the automotive sector dominates rubber consumption, followed by tires. The Natural Rubber Market is projected to increase from USD 17.33 billion in 2023 to USD 21.80 billion by 2028, growing at a CAGR of 4.70% during the 2023-2028 forecast period
The 4R ESG Strategy emphasizes Risk Management, Rewards, Regulatory Compliance, and Reputation as key to sustainable growth. It integrates environmental, social, and governance considerations into business and national strategies, focusing on mitigating risks, attracting investments, ensuring compliance, and enhancing societal impact, paving the way for a sustainable, globally responsible future.
TRST01Chain revolutionizes the Indian coffee industry by ensuring EUDR compliance, traceability, and sustainability, enhancing market access and positioning for growers, and aligning with global eco-friendly practices.
Aligning climate tech with SDGs accelerates progress, enhances impact, and promotes collaboration. Identifying priorities, directing investments, and sharing knowledge fosters holistic sustainability and meaningful change
TRST01’s ESG Scorecard Model offers a pioneering approach to assess businesses on Environmental, Social, and Governance criteria. Combining traditional metrics with innovation, the model emphasises holistic data collection, industry relativity, risk evaluation, dynamic reassessment, and transparent scoring, positioning companies for sustainable success in today’s evolving business landscape
Carbon accounting, a method to quantify and report GHG emissions, is pivotal for modern organizations. It enables a comprehensive view of environmental impact, informs reduction strategies, aids in setting climate goals, and ensures regulatory compliance. Through the distinct lenses of Scopes 1, 2, and 3, organizations can holistically assess direct and indirect emissions, fostering sustainability, informed decision-making, and future growth.
On International Coffee Day, TRST01Chain stands out for promoting sustainability in coffee supply chains. Addressing the European Union Deforestation Regulation (EUDR) compliance, it facilitates traceability from farm to cup, ensuring ethical labor practices and reduced environmental impact, thus aligning the coffee sector with modern-day eco-conscious market demands.
Introducing Footprint Lite, a swift, scalable ESG reporting tool tailored for SMEs and MSMEs, post the TRST01 Enterprise Edition. It facilitates a quick, comprehensive ESG report generation within hours, aligning with multiple global frameworks. With an option for a lighter report version, it simplifies ESG reporting, enhancing transparency and stakeholder trust.