The European Union Carbon Border Adjustment Mechanism (CBAM) – Implications for India Inc. and imperative for action

Enacted by the European Parliament in April 2023, the Cross Border Adjustment Mechanism (CBAM) is a “‘carbon tariff’” that applies on products manufactured outside the European Union (EU). It takes effect starting October 2026, with reporting starting October 2023. To begin with, the CBAM covers five carbon-intensive sectors – Iron and Steel, Cement, Fertilisers, Aluminium […]

ESG Implementation Guide for Next Generation Unicorns

Issues concerning cash flow management and go-to-market often dominate the pecking order of prioritisation for early-stage ventures. In contrast, implementation of ESG (Environmental, Social and Governance) related policies and practices may be deemed as appropriate only when the firm has visibility towards an Initial Public Offering (IPO). Emerging research on private markets challenges this notion. […]