Increase in Nifty 500 firms emissions is in line with the 5% annual increase in Indias overall emissions to 3.9 billion tonnes of CO2e in calendar year 2022, constituting 7.3% of the worlds total emissions of 53.8 billion tonnes. “The increase in emissions is likely because of high fossil fuel consumption,” said Pradeep Panigrahi, head, corporate sustainability, Larsen & Toubro.
On March 21, 2022, the Securities and Exchange Commission ("SEC") issued proposed regulations imposing on public reporting companies' disclosure obligations concerning climate.
On March 21, 2022, the Securities and Exchange Commission (“SEC”) issued proposed regulations imposing on public reporting companies’ disclosure obligations concerning climate change.
The new guidelines are seen by conservation groups as not doing enough to limit global warming, but the resources industry says they could impact the feasibility of new projects and be out of step with federal policy.