Ford becomes the first automaker to join India Greenhouse Gas Reporting (GHG) Program
Detroit giant Ford has became the first automaker to join a voluntary greenhouse gas reporting program (a carbon reporting programme) newly established in India. The company already participates in similar programs in the United States, China, Canada, Mexico, Brazil and Argentina.
Voluntary reporting provides overall transparency regarding the company’s CO2 emissions and the company hold importance to reduce CO2 emissions at its global facilities, including two in Chennai, by 30% per vehicle by 2025. Ford’s role in this programme will be to assist in the establishment of credible and verifiable greenhouse gas inventories.
What is “India Greenhouse Gas Program (India GHG Program)”:
It is the joint effort between the World Resources Institute(WRI), The Energy and Resources Institute (TERI) and the Confederation of Indian Industry (CII). A voluntary initiative to standardize measurement and management of GHG emissions in India.
Program Partners for India Greenhouse Gas Program (India GHG Program)
- CII – Confederation of Indian Industry (CII)
- TERI – The Energy and Resources Institute
- WRI – World Resources Institute
Founding Members for India Greenhouse Gas Program (India GHG Program)
- Godrej & Boyce Mfg. Co. Ltd.
- Hindustan Construction Co. Limited (HCC Limited)
- ACC Cement
- Ford Motor Company (Ford India)
- Jet Airways (India) Limited
- Mahindra Sanyo Steel
- Tata Teleservices Limited
- Bayer Group of Companies – India
- Akzo Nobel
- Shree Cements
- United Technologies
- Tata Chemicals
- National Thermal Power Company (NTPC) Limited
- Infosys Technologies
- Ambuja Cement
- ITC Limited
- Cummins India
- Yes Bank
- National Peroxide Limited
- Forbes Marshall
- JK Tyres
- Bangalore International Airport Limited (BIAL)
- Gas Authority of India Limited (GAIL)
Key Objectives of India Greenhouse Gas Reporting Programme :
- To help companies in the country monitor their progress towards voluntary reduction goals consistently and credibly.
- Aimed at promoting profitable, sustainable, and competitive business.
- Under this programme, companies will be provided with tools and technical assistance to build inventories, identify reduction opportunities, establish annual and long-term reduction goals, and track their progress based on the most widely used emissions accounting and reporting standard in the world, the GHG (Green House Gases) Protocol.
- The India GHG Program will also facilitate engagement of the business sector with policy makers, supporting progress and advancement towards national goals on carbon intensity and GHG emissions mitigation.
- The program will build a pool of trained and certified GHG practitioners and GHG measurement and management professionals.
What is : The Greenhouse Gas Protocol (GHG Protocol)?
The Greenhouse Gas Protocol (GHG Protocol) is a global collaboration led by WBCSD and WRI. It is the most widely used international accounting tool for government and business leaders to understand, quantify, and manage greenhouse gas emissions.
- GHG Protocol provides the foundation for sustainable climate strategies and more efficient, resilient and profitable organizations.
- GHG Protocol standards are the most widely used accounting tools to measure, manage and report on greenhouse gas emissions.
It serves as the foundation for nearly every GHG standard and program in the world – from the International Standards Organization to The Climate Registry – as well as hundreds of GHG inventories prepared by individual companies.
- Offers developing countries an internationally accepted management tool to help their businesses to compete in the global marketplace and their governments to make informed decisions about climate change.
Who Uses The GHG Protocol?
Since the publication of the first edition of The Greenhouse Gas Protocol: A Corporate Accounting and Reporting Standard (Corporate Standard) in 2001, more than 1,000 businesses and organizations worldwide have developed their GHG inventories using the GHG Protocol.
- Some of the world’s largest companies are using the GHG Protocol’s Corporate Standard.
- The 2007 Corporate Climate Communications Report of the Fortune 500 companies by corporateregister.com reported 63 percent of companies use the GHG Protocol.
- GHG Protocol is considered the second most important climate program after Kyoto Protocol in the successful measurement and management of climate change.
Categories: Business, Economy & Banking
Tags: Current Affairs 2013