GHG Accounting of Largest Footwear Manufacturer
About the Client
One of India’s largest footwear manufacturers and a fortune 500 (India) company, with an extra ordinary legacy and an unwavering commitment to design shoes, slippers, sandals, flip flops that seamlessly combine comfort and style. The company has earned extensive recognition and cultivated a loyal community of customers in India.
Objective
As an industry leader, they aimed to develop a comprehensive sustainability strategy for the years 2022-23 and beyond. The primary goal of this strategy was to minimize the negative impact of its operations on the environment. Additionally, aimed to understand and address the climate impact associated with its manufacturing processes.
Standard Adopted
The GHG(Green House Gas) accounting and reporting procedure is based on the GHG protocol: A Corporate Accounting and Reporting standard, the most widely used international accounting tool for government and business leaders to understand, quantify, and manage greenhouse gas emissions. It was developed in partnership between the World Resources Institutes (WRI) and the World Business Council For Sustainable Development (WBSCD) in 2004.
Process Followed
The GHG accounting was based on the GHG Protocol’s principles of
Relevance: An appropriate inventory boundary that reflects the GHG emissions of the company and serves the decision-making needs of users.
Completeness: Accounting all emissions sources within the chosen the inventory boundary. Any specific exclusion is disclosed and satisfied.
Consistency: Meaningful comparison of information over time and transparently documented changes to the data.
Transparency: Data inventory sufficiency and clarity, where relevant issues are addressed in a coherent manner.
Accuracy: Minimised uncertainty and avoided systemic over or under quantification of greenhouse gas emissions.
The emissions were calculated based on GHG protocol. Publicly available data (local/international) and internal assumptions were used for estimating CO2 emissions.
Result/Impact
We successfully estimated their GHG emission using the GHG Protocol accounting methodology which was also aligned with the Global Reporting Initiative. By quantifying its emissions, the company gained insights into its environmental impact and committed to reducing emissions in the coming years, which was included in their sustainability goals. They aim to improve its environmental performance while continuing to provide customers with high quality and sustainable footwear products.