India Among Top Three in Carbon Emission Reporting with Brazil and China

New Delhi, India – India has secured a place in the top three countries in carbon emission reporting, according to a report by the Boston Consulting Group (BCG). Twelve per cent of Indian companies are reporting emissions, compared to the global average of 9 per cent. India shares this achievement with Brazil and China, whose companies are also actively reporting their emissions and working towards emission reduction goals.

The report, titled BCG X CO2 AI Global Report, highlights that 24 per cent of Indian companies are setting targets for reporting emissions, compared to the global average of 16 per cent. India is on the path to reducing emissions in line with the 1.5°C Paris Agreement, with 15 per cent of Indian companies meeting this target, compared to 11 per cent globally.

Anirban Mukherjee, Managing Director Lead, Climate and Sustainability at BCG India, stated, “India is emerging as a global leader in decarbonization, demonstrating a strong commitment to tackling climate change. With comprehensive emission reduction targets across all emission scopes, Indian companies are not only reducing their carbon footprint but also realizing significant financial benefits.”

The BCG and CO2 AI’s Carbon Emissions Survey included 1864 executives overseeing their company’s emissions measurement, reporting, and reduction initiatives. The respondents represent 16 major industries across 26 countries, responsible for approximately 45 per cent of global greenhouse gas emissions. Each organization surveyed has at least 1,000 employees and annual revenues ranging from USD 100 million to more than USD 20 billion.

Among the nearly 2,000 companies surveyed in 2024, only 9 per cent described comprehensive reporting. The report suggests that only 16 per cent of companies have set targets across all three scopes, and only 11 per cent have achieved emissions reductions in line with their ambitions. These figures are lower than those reported by companies in 2023.

Diana Dimitrova, a BCG managing partner and director, commented, “Too few companies are seizing the financial gains offered from decarbonization. By mastering essential foundational actions like measurement, reporting, target setting, and taking advanced steps toward sustainability, these companies can become more efficient, more profitable, and demonstrate a stronger commitment to a greener future.”