esg N – ecoverix

ESG Road Map & ESG System Implementation

ESG road map is a strategic framework that outlines the goals, actions, and timelines for implementing Environmental, Social, and Governance (ESG) principles within a company. This involves conducting an ESG gap analysis to identify current practices against desired standards, highlighting areas for improvement. Companies can then use this analysis to develop a comprehensive plan for integrating sustainable practices into their business operations.

This includes establishing key performance indicators (KPIs) to track progress, engaging stakeholders at all levels of the organization, and embedding ESG considerations into decision-making processes. Through systematic implementation of these initiatives, companies can enhance their reputation, attract investors who prioritize sustainability, mitigate risk, and drive long-term value creation while contributing positively to society and the environment. Ultimately, a robust ESG system can position a company as a leader in responsible business practices and future-proof its operations in today's increasingly conscious market landscape.

Are other Environmental criteria may include a company’s energy use, waste, pollution ,natural resource conservation . Social criteria look at the company’s business relationships. Does it work with supplies that hold the same values as it claims to hold? Does the company donate a percentage of its profits volunteer work there? Do the company’s working conditions show high regard for its employees’ health and safety?
About governance, investors may want to know that a company uses accurate and transparent accounting methods and that stakeholders are allowed to vote on important issues.

We are pioneer to implement ESG System for organization. ESG System implementation is aligned with ISO 14001, ISO 50001, ISO 14064, ISO 14068, SA 8000, ISO 45001 System, SEDEX SMETA, ISO 27001 and ISO31000 compliances.
Ecoverix will help to established ESG Road map for organisations through ESG Gap assessment, Due diligence of ESG Risks, Maturity Level Assessment, Materiality Assessment, Baseline Formation, Goal Setting, Strategy Development, KPI Setting and Implementation Plan, Governance Framework Development, Carbon Footprint, Water Management, Implementation support, hand holding and capacity building.

Sustainability Reporting through BRSR & GRI Consulting and Reporting

Sustainability reporting is becoming more prevalent, driven by a growing recognition that sustainability related issues can materially affect a company’s performance : demands from various stakeholders groups for increased levels of transparency and disclosure ; and the need for companies to appropriately respond to issues of sustainable development.
Sustainability reports based on the various reporting framework disclose outcomes and results that occurred within the reporting period in the context of the organization’s commitments & strategy. Ecoverix will help to organisation for ESG Reporting and Disclosure as per National & International Requirements - GRI, SASB, TCFD, CDP, BRSR, European Sustainability Reporting Standards (ESRS) and many more.

Carbon reduction programs & Cost saving Projects

Ecoverix will help organisations to Map out ESG & GHG emission Scope 1,2 & 3 , Materiality assessment, Strategy for Green supply chain, Value stream mapping for energy waste, energy spend analysis and identification of carbon reduction & Energy saving projects for implementation.

GHG Emissions Verification and reporting

Organizations may choose to pursue validation and verification of their greenhouse gas (GHG) emissions for various reasons, such as enhancing their annual report, communicating with customers, meeting regulatory or investor reporting obligations, or publicly showcasing their emission reduction accomplishments. In many instances, these disclosures must be verified by an independent third party to ensure credibility.
Moreover, organizations opt for third-party validation to guarantee that their current GHG emissions inventory complies with established standards, frameworks, and requirements. Given that emissions factors, calculations, and disclosure regulations are constantly evolving, Ecoverix is committed to assisting your organization in accurately inventorying and reporting your GHG emissions data.

LCA-Life Cycle Accounting

Life Cycle Assessment (LCA), also known as life cycle analysis, is a method used to evaluate the environmental impacts associated with every stage of a commercial product, process, or service. This includes assessing the environmental effects from raw material extraction and processing, through manufacturing, distribution, use, and ultimately recycling or disposal.
During an LCA study, a comprehensive inventory is conducted to identify the energy and materials needed throughout the supply chain and value chain of a product, process, or service.
This information is then used to calculate the corresponding emissions released into the environment. The goal of LCA is to assess the cumulative environmental impacts and provide a detailed overviewof the product's environmental profile. This serves as a foundation for accurately comparing carbon footprints and identifying areas for improvement.

Climate Change Management through ISO 14068

ISO 14068-1 stands as the globally recognized standard for managing climate change and transitioning towards activities with low greenhouse gas (GHG) emissions. This standard, which supersedes PAS 2060 (carbon neutrality), outlines the principles, requirements, and guidance necessary to achieve and demonstrate carbon neutrality by quantifying, reducing, and offsetting your carbon footprint.
ISO 14068-1 builds upon established GHG quantification, reporting, validation, and verification standards, such as ISO 14064-1 (for quantifying and reporting GHG emissions and removals), ISO 14064-3 (for verifying and validating GHG statements), and ISO 14067 (for assessing GHGs in the carbon footprint of products).
This global standard offers a structured methodology for evaluating carbon neutrality, ensuring that efforts are authentic, equitable, science-based, and transparent. By merging carbon neutrality and net zero concepts, ISO 14068-1 eliminates ambiguity and establishes a clear framework to support the journey towards carbon neutrality.
Ecoverix team will assist you in achieving verification through an ISO 14068-1 audit, which includes conducting a gap assessment and benchmarking. We will evaluate your capabilities and provide support to facilitate continuous improvement in this area.

ESG Compliance Roadmap

ESG compliance in India refers to adherence to environmental, social and governance standards by companies operating in the country. These standards are increasingly being recognised as important factors in assessing the sustainability and ethical practices of businesses. Listed below are some key aspects of ESG compliance in India:
1. Environmental Compliance:
Companies are expected to comply with environmental laws and regulations related to pollution control, waste management and conservation of natural resources.
There are encouraged to adopt eco-friendly practices such as reducing carbon emissions, promoting energy efficiency and using renewable sources of energy.
ISO certification like ISO50001 energy Management, ISO14001 Environmental, ISO14064 GHG are very important for the same establishment to the system.
2.Social Compliance:
Compliances are required to adhere to labour laws and regulations related to employee welfare, health, safety and working condition.
They are expected to promote diversity and inclusion in the workplace, respect human rights, and contribute to the well-being of local communities through corporate social responsibility initiatives.
ISO certifications like ISO45001 OHS Management, SA8000, are very important for the same to establish the System
3. Governance Compliance:
Companies are expected to maintain high standards of corporate governance, transparency, and accountability. They should have a diverse and independent board of directors, robust internal controls, and ethical business practices. ISO certifications like ISO30001 ERM Management, ISO27001 ISMS are very important for the same to establish the System .
In order to fulfil ESG compliance requirements, companies in India can take the following steps:
1. Conduct ESG Risk Assessment:
Identify potential risks and opportunities related to environmental, social, and governance factors that may impact the company's operations and reputation.
2. Implement ESG Policies and Practices:
Develop and implement policies and practices that promote sustainability, ethical behaviour, and stakeholder engagement.
3. Monitor and Report ESG Performance:
Establish mechanisms to monitor and track the company's ESG performance on an ongoing basis.

BRSR Report

ESG compliance through the Business Responsibility and Sustainability Report (BRSR) in India is a key framework that helps companies assess and report on their sustainability performance. The BRSR is a reporting initiative introduced by the Securities and Exchange Board of India (SEBI) to encourage listed companies to disclose their environmental, social, and governance practices. The BRSR consists of various components that companies need to address in their reporting to demonstrate their commitment to ESG compliance.