10 months ago
A Quarter of Indian Companies Missed Emissions Data Filing Deadline
Imagine big companies in India have to tell everyone how much pollution they make, like how much their factories and cars release.
This is part of a new rule to help the environment.
Most companies filed the basic report, but about one-fourth didn't share all the important pollution numbers.
Even for the companies that did share, they didn't always share all the details, especially about pollution from making their products or how their customers use them.
This makes it hard to know the full picture of pollution from all companies.
Experts say we need to make sure the information shared is correct and complete, and that we might need other ways to track pollution from more companies or different types of companies.
A quarter of listed Indian companies failed to submit mandatory emissions data for 2024 under Sebi's BRSR guidelines.
While 998 of the top 1,000 companies filed the BRSR report, data completeness and accuracy remain concerns.
Only 781 companies reported essential Scope 1 and 2 emissions, while just 268 reported Scope 3 (value chain) emissions.
The top 1,000 listed companies account for about 43% of India's total emissions.
Recommendations include strengthening disclosure quality, harmonizing monitoring systems, and building capacity for emissions measurement.
Other regulators like RBI, IRDAI, and PFRDA are also integrating ESG risk monitoring but haven't introduced disclosure templates yet.
- Who
- A quarter of listed Indian companies
- What
- Failed to share mandatory emissions data under ESG reporting guidelines
- Where
- India
- When
- For calendar year 2024
- Why
- The report highlights issues with data completeness, accuracy, and quality of reporting, particularly for Scope 3 emissions.
Key facts
- Reporting Mandate
- Securities and Exchange Board of India (Sebi) Business Responsibility and Sustainability Reporting (BRSR) guidelines.
- Companies Mandated
- Top 1,000 listed companies by market capitalization in India.
- Companies Filed BRSR
- 998 out of 1,000 in 2024.
- Companies Reporting Scope 1 & 2 Emissions
- 781
- Companies Reporting Scope 3 Emissions
- 268
- Total Indian Emissions
- Approximately 3 billion tonnes of carbon dioxide equivalent (tCO2e).
- Emissions by Top 1,000 Companies
- Approximately 43% (1.3 billion tCO2e).
Quotes
authors of the report
authors of the Indian Institute of Corporate Affairs (IICA) and Council on Energy, Environment and Water (CEEW) report
““However, filing the report does not guarantee completeness or accuracy of data. For instance, only 781 companies reported scope 1 and 2 emissions, which are essential indicators for reporting for FY25. The leadership indicator, scope 3, was reported by only 268 companies. This suggests that while accuracy of data needs verification, the quality and consistency of reporting also needs attention,””
businesstoday.in
report
the Indian Institute of Corporate Affairs (IICA) and Council on Energy, Environment and Water (CEEW) report
““India’s total emissions stand at about 3 billion tonnes of carbon dioxide equivalent (tCO2e). Of this, the top 1,000 listed companies account for about 43% (1.3 billion tCO2e), whereas the emissions from companies between top 500 and top 1,000 are 0.3 billion tCO2e (which is 24%). This suggests that going beyond the top 1,000 alone may not yield substantial gains on emissions coverage, and may actually inappropriately widen the corporate net without widening the emissions net,””
businesstoday.in
Sources
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