Scoping Study of Corporate Sector's Energy Consumption
Abstract/Description
We studied energy use and the resulting carbon footprints of two leading corporations in Pakistan (Indus Motor Company IMC and Coco-Cola Beverages Pakistan Limited CCBPL). This is a scoping study. The main objective of the study is to develop profiles of the two companies and their contribution to greenhouse gases including their overall supply chain. The study also analyses the local and international commitment of the companies as reflected in their targets to reduce greenhouse gases (GHGs) emissions. We employed a systematic GHG protocol to estimate the emissions by the two companies. We also conducted face-to-face interviews to study their CSR practices. For both corporations, the process of gradually shifting to renewable energy and commitment to net-zero emission of GHGs is documented in detail. The analysis also includes the CSR practices of companies’ efforts toward carbon neutrality and net-zero targets in terms of investment in carbon sinks and carbon capture (e.g., forest, agricultural land). The findings of the study show a clear gap between standard protocols and the actual practice of measuring carbon footprints. Particularly Scope 3 emissions which are 60 % to 70% of total emissions for a typical firm are not reported by both corporations. The study draws lessons from the analyses of the current situation and proposes guidelines for the way forward.
Keywords
Track
Finance
Session Number/Theme
2B
Session Chair
Dr. Ashraf Khan ; Dr. Mohsin Sadaqat
Start Date/Time
27-5-2023 11:30 AM
End Date/Time
27-5-2023 1:30 PM
Location
MCS-4, AMAN-CED, First Floor
Recommended Citation
Khan, A. J. (2023). Scoping Study of Corporate Sector's Energy Consumption. 3rd IBA SBS International Conference 2024. Retrieved from https://ir.iba.edu.pk/sbsic/2023/program/25
COinS
Scoping Study of Corporate Sector's Energy Consumption
MCS-4, AMAN-CED, First Floor
We studied energy use and the resulting carbon footprints of two leading corporations in Pakistan (Indus Motor Company IMC and Coco-Cola Beverages Pakistan Limited CCBPL). This is a scoping study. The main objective of the study is to develop profiles of the two companies and their contribution to greenhouse gases including their overall supply chain. The study also analyses the local and international commitment of the companies as reflected in their targets to reduce greenhouse gases (GHGs) emissions. We employed a systematic GHG protocol to estimate the emissions by the two companies. We also conducted face-to-face interviews to study their CSR practices. For both corporations, the process of gradually shifting to renewable energy and commitment to net-zero emission of GHGs is documented in detail. The analysis also includes the CSR practices of companies’ efforts toward carbon neutrality and net-zero targets in terms of investment in carbon sinks and carbon capture (e.g., forest, agricultural land). The findings of the study show a clear gap between standard protocols and the actual practice of measuring carbon footprints. Particularly Scope 3 emissions which are 60 % to 70% of total emissions for a typical firm are not reported by both corporations. The study draws lessons from the analyses of the current situation and proposes guidelines for the way forward.
