India ranks sixth globally in SBTi net-zero commitments
India has 127 companies committed to net-zero targets through the science-based target initiative (SBTi), ranking sixth globally. However, only 7% of these companies are from high-emission sectors such as power, cement, metals, and mining, which collectively contribute 55% of India’s total emissions, according to ICRA ESG Ratings’ latest report. The majority of commitments come from low to medium carbon footprint industries like textiles, software, and pharmaceuticals. SBTi is a voluntary framework where companies set and…