Climate change is the issue of our times and businesses have key responsibility to mitigate the risks. This responsibility was well acknowledged at CoP 26 at Glasgow, and climate response actions have accelerated since then. According to the Net Zero Tracker, more than 136 countries have announced Net Zero targets and corporates, banks and financial institutions are following suit.

Climate response is complex. Corporates require actions on their own part across organisational functions and for direct and extended supply chains. It is difficult to understand granularly where action has to be focused and prioritised to genuinely reduce the emissions footprint.

Rapid decarbonisation is one the principal levers for mitigating climate change. In itself, decarbonisation is a large theatre with numerous fields of play covering corporate strategy, products and solutions innovations, technology, supply chains, etc. Decarbonisation at scale has to address issues related to fuel and feedstock, often rapidly altering large and well-established mechanisms. In all decarbonisation – and more broadly ESG – is set to transform organizations.

In order to bring together all these diverse needs and asks of industry, governments, society and other stakeholders, KPMG is setting up global decarbonisation hubs across seven regions/countries across the world, including the India decarbonisation hub.