Earth’s resources are finite, but our demands from it are unlimited. Overconsumption and rampant exploitation of natural resources have led to untold environmental damage. In the face of severe environmental challenges such as extreme climate events, sustainable living is our only hope for the planet.
Sustainability in business has three major components—environmental, social, and governance (ESG). The ESG framework is increasingly being used as a yardstick by investors to encourage organizations to be more environmentally responsible.
The keen interest in the importance of ESG to consumers, employees, and investors, and policymakers are paying attention to carbon mitigation policies, are substantial now. This makes it more vital than ever for companies to understand measure their carbon footprint.
A firm knowledge of the size of an organization’s carbon footprint and its composition helps quantify its exposure from ESG reporting and carbon-related policy changes and identify focus areas for strategic changes.
A company-specific customizable sustainability tool is key to creating accurate ESG reports, alternate environment-friendly solutions and building decarbonization strategies.
A recent survey indicates that at least half of all investors surveyed say that sustainability is “fundamental” to their investment strategy.
So, what is sustainability and carbon emission scope 1, 2 & 3?
Sustainability can be best defined as meeting our needs without compromising the ability of future generations to meet their own needs.
The carbon footprint of an organization can be divided into Scope 1, Scope 2, and Scope 3 of carbon emissions. These Scopes follow the Greenhouse Gas (GHG) Protocol generally used in ESG reporting.
Scope 1 emissions are direct emissions while Scope 2 and Scope 3 are indirect emissions.
Every organization must work towards net-zero emissions for a sustainable future. To do that you need to identify the scope of the emissions (as listed above), quantify it and then analyse the data to understand how to tailor and implement an effective decarbonization strategy.
TCS Zero Carbon Platform empowers organizations to manage and monitor their carbon footprints and adopt sustainable business practices. Our platform can be fully integrated with all your existing enterprise solutions. After an in depth understanding of your organizational needs, we will help you define your operational boundaries, collect data of all your carbon emissions, calculate and formulate dashboards customizable as per your business needs. We can further assist you with reporting, getting certified, providing multiple/alternative solutions, and helping you implement them.
The calls to action
1. Digital reporting
2. Assurance certification
3. Go carbon neutral
4. Decarbonization journey
5. Life cycle assessment
Measure: Zero Carbon Platform enables businesses to calculate their scope 1,2 and 3 carbon emissions encompassing the emission factors irrespective of the industries to provide a comprehensive measure of carbon footprint.
Monitor: Provides an intuitive sustainability dashboard to view their carbon footprints in multiple dimensions across various business locations.
Reduce: It empowers businesses to track the carbon emissions and define their carbon offset initiatives to reduce carbon footprints.
Decarbonize: Helps businesses in accelerating their journey towards the path of being carbon neutral, carbon zero and carbon negative.
Certification: Get certified in your decarbonization journey with industry recognized certification partners.
TCS Zero Carbon Platform is an active enabler of TCS's mission to achieve zero emissions by 2030. TCS has partnered with UN Global Compact Network (UNGC) Malaysia to drive sustainability practices among Malaysian SMEs and drive low carbon supply chains through TCS Zero Carbon Platform.
Our services span diverse industries, including design, customer experience, digital marketing advisory, and digital transformation.