Climate change is defined as a long-term change in the Earth’s climate, or of a region on Earth and has been a topic of global interest over the last few decades.

Depleting energy resources, rising cost of energy and the threat of climate change have elevated the demand for sustainable energy initiatives globally. In the context of modern day businesses, effective energy management through energy efficiency has assumed a strong strategic value. While energy efficiency initiatives have been initiated by most businesses, the next generation solution would require a nuanced approach for maximizing the value of these initiatives.

The role of Banking, Financial Services and Insurance (BFSI) sector towards sustainability has evolved globally from corporate philanthropy to a recognized means of value addition for stakeholders.

The Carbon Disclosure Project (CDP) has become the standard forum for carbon footprint disclosures for corporate organizations around the world – with over 3000 respondents from over 60 countries in 2011.