Enterprise Risk Management: India’s Path from Survival to Growth In an increasingly volatile and interconnected world, Enterprise Risk Management (ERM) has emerged as more than a compliance framework. It is now a strategic imperative. ERM not only protects organizations and nations from unexpected shocks but also enables them to pursue opportunities with foresight and confidence. This article builds upon a five-part leadership series and explores India’s preparedness in light of recent U.S. tariffs, the lessons learned, and the way forward, while drawing comparative insights from China. ERM as Shield and Compass ERM plays a dual role. As a shield, it safeguards survival by providing resilience against shocks—be it supply chain disruptions, policy shifts, or compliance risks. As a compass, it enables growth by encouraging calculated risk-taking, facilitating innovation, market expansion, and optimal resource allocation. India’s Current Scenario: U.S. Tariffs Through an ERM ...
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Efforts to Improve Sustainability in Cement Manufacturing Cement manufacturing is one of the most carbon-intensive industries , responsible for about 8% of global CO₂ emissions . To reduce its environmental impact, the industry is adopting several strategies, including alternative fuels, carbon capture, new materials, and digital optimization . 1. Decarbonization Strategies in Cement Manufacturing A. Use of Alternative Fuels & Energy Efficiency Improvements Replacing Fossil Fuels with Biomass & Waste-Derived Fuels Cement kilns traditionally burn coal or petroleum coke, but companies are now using biomass, industrial waste, plastics, and tires as alternative fuels. Example: LafargeHolcim uses Refuse-Derived Fuels (RDF) , cutting CO₂ emissions by up to 30% . Waste Heat Recovery (WHR) Systems Capturing excess heat from kilns to generate electricity. Companies like UltraTech ...
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Actions Taken in the Metal Industry to Address Climate Risks and Economic Impacts The metal industry is a major contributor to greenhouse gas (GHG) emissions, primarily due to energy-intensive processes in steel, aluminum, and other metal production. However, several strategies and innovations are being adopted to reduce its carbon footprint and mitigate climate risks. 1. Decarbonization Strategies in the Metal Industry A. Adoption of Green Steel and Low-Carbon Technologies Hydrogen-Based Steel Production: Companies like SSAB, ArcelorMittal, and Thyssenkrupp are developing hydrogen-based Direct Reduced Iron (DRI) processes to replace coal in steelmaking. Hydrogen Steel (H2GreenSteel) aims to cut emissions by up to 95% compared to traditional blast furnaces. Electric Arc Furnaces (EAF): Shifting from coal-based blast furnaces to EAF , which use electricity (preferably renewable) to melt scrap metal. Reduces car...
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Climate Risks & Economic Impacts of Global Warming and Carbon Footprint 1. Climate Risks of Global Warming Global warming leads to significant environmental and socio-economic risks, including: A. Extreme Weather Events Increased frequency and intensity of hurricanes, cyclones, heatwaves, droughts, and floods. Disruptions in infrastructure, transportation, and public services. B. Rising Sea Levels Melting polar ice caps and glaciers contribute to rising sea levels. Coastal cities and low-lying islands face risks of flooding and displacement. C. Agriculture and Food Security Shifts in temperature and precipitation patterns affect crop yields. Higher risks of droughts and pests threaten food production. D. Water Scarcity Changes in rainfall patterns reduce freshwater availability. Droughts and desertification increase in many regions. E. Biodiversity Loss & Ecosystem Disruptions Many speci...
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In our last discussion on climate change. it was apparent that COP30 in Brazil (2025) will determine the next phase of climate action . China & the EU are emerging as global climate leaders , filling the gap left by the U.S. Climate finance and green energy investments are expected to skyrocket by 2030. Trade tensions over carbon pricing may create economic challenges for major industries. We will elaborate more on the Climate finance (investments & economic risks) as it affects globally. 🌍 Climate Finance: Investments & Economic Risks (2025-2050) 💰 Climate finance is the biggest factor determining the speed of the world’s clean energy transition . Governments, corporations, and investors are pouring trillions of dollars into climate solutions—but political and economic risks remain. Here’s an in-depth look at how climate finance is evolving, where the money is flowing, and the risks ahead. 📈 1. How Much Money is...