Global warming and its resultant impact on the environment and mankind have forced countries globally to take concrete measures to curb the damage and preserve for the future - and India is at the forefront of this movement.
SEBI has mandated the top 1,000 listed companies in India by market capitalization to make filings as per the Business Responsibility and Sustainability Reporting (BRSR) from FY23. Coming against this backdrop, Thomas Cook (India) Limited, India's leading omnichannel travel services company and its Group Company SOTC Travel, announced their partnership with global technology consulting and digital solutions company LTIMindtree, to launch "Green Carpet" - a global platform to monitor and manage business travel emissions.
Green Carpet is built on the combined prowess of Thomas Cook & SOTC's deep expertise in the travel industry, LTIMindtree's ESG consulting and digital solutions capabilities and also leverages the global expertise of Fairfax Digital Services (a Fairfax company).
A SaaS-based platform, "Green Carpet" is designed to address specific concerns faced by organizations, helping them capture, monitor, analyze and reduce their carbon emissions from business travel. It offers real-time insights related to Scope 3 emissions and helps organizations to significantly reduce their ESG reporting costs.
"Green Carpet" enables:
1. Simplified data capture & analysis of travel emissions with real time dashboards
2. Adherence to BRSR and aligned to global audit requirements
3. Swift and easy integration with current business travel platforms of corporates
4. Advanced AI & ML to provide analytics & recommendations
5. Decision making to drive enterprise net zero goals
Mr. Madhavan Menon, Chairman & Managing Director, Thomas Cook (India) Limited said, "Under its G20 Presidency, India has set ambitious ESG (Environmental, Social & Governance) goals, & India Inc. has been called on to implement SEBI's BRSR mandate starting FY23. The need for a trustworthy partner to provide accuracy and speed in reporting is hence an imperative. At Thomas Cook & SOTC, our leadership in the travel sector formed the basis of our partnership with LTIMindtree - a leading technology solutions provider. "Green Carpet" therefore, not only embodies this potent partnership of leaders, but also leverages the global expertise of Fairfax Digital Services to collectively empower enterprises with the ability to seamlessly monitor and manage business travel emissions and drive their net zero goals."
Mr. Sudhir Chaturvedi, President and Executive Board Member, LTIMindtree said, "ESG has become a board-level priority for nearly all organizations, especially in cognizance of India's ambitious goal to reach net-zero emissions by 2070. To achieve this goal, organizations are investing in initiatives and infrastructure that will enable them to track, reduce and report carbon footprint seamlessly. The Green Carpet, powered by LTIMindtree's ESG digital platform and advanced analytics techniques and Thomas Cook & SOTC's travel expertise, will help climate-conscious clients to comply with regulatory expectations. It will accelerate their net-zero journey through data-driven engineering solutions, cloud computing data analytics, and enable business decisions towards sustainable future."
Mr. Sanjay Tugnait, CEO of Fairfax Digital Services said: "Green Carpet is a scalable and powerful tool that will enable the enterprise customers accelerate their journey to Net Zero. This is an exemplary partnership between Thomas Cook, SOTC & LTIMindtree powered by the Global Knowhow of Fairfax Digital to create ESG solutions. To capture, measure, benchmark and report is not only a requirement by SEBI for scope 3 emissions but also a social obligation for us to do our bit and save the planet. In this the year of India's G20 Presidency, as a member of the G20 Startup 20 Task Force on Sustainability, under the leadership of Dr Chintan Vaishnav, I am delighted we have built this digital solution that India can showcase amongst the G20 nations."
Shares of Thomas Cook (India) Limited was last trading in BSE at Rs. 58.49 as compared to the previous close of Rs. 60.43. The total number of shares traded during the day was 57988 in over 1125 trades.
The stock hit an intraday high of Rs. 62.90 and intraday low of 56.90. The net turnover during the day was Rs. 3384433.00.