This analyst note evaluates the readiness of leading Indian iron and steel companies to meet the carbon emissions intensity targets proposed under the draft Carbon Credit Trading Scheme (CCTS), by assessing their emission intensity profiles, decarbonisation strategies, and the scale and structure of capital and operational investments required to finance the transition. By identifying compliance risks, investment gaps, and potential frontrunners, the note aims to inform investors, lenders, policymakers, and corporates, and to catalyse informed engagement on climate transition strategies in India’s iron and steel sector. The analysis is based on data curated through the India Corporate Climate Action Data (ICCAD) platform, supplemented by publicly available company disclosures and sector benchmarks.

As the European Union undertakes a strategic revision of its sustainability mandates in the Omnibus Directive, questions are emerging about the long-term coherence and credibility of global ESG frameworks. This article offers a critical examination of the proposed dilution, legal challenges, market signaling and lack of empirical evidence on effort versus outcome imbalance. It also compares India’s regulatory approach, spillovers of increasingly fragmented global reporting and explores India’s stance as mature markets begin to retreat.

This analyst note assesses the readiness of Indian pension funds in integrating climate-related risks into their portfolio risk management, capital allocation, and governance frameworks. It evaluates public disclosures and strategic actions by regulated pension funds to build climate-resilient operations, considering emerging regulatory expectations and global best practices. By highlighting sectoral gaps and frontrunner potential, the note aims to inform investors, regulators, and pension funds, and catalyze engagement on climate risk and sustainable finance in the pension sector.

An analysis of top 10 listed insurers in India (per asset under management) for their climate readiness across underwriting, risk budgeting, and investment portfolios reveals that initial steps by regulators and insurance companies are visible, though real climate resilience demands deeper integration and disclosure. Key dimensions such as – risk identification; adoption of climate risk management frameworks and emission disclosure signal very early stages of climate-risk integration.

This note aims to map the current landscape of climate-related disclosures across multiple global jurisdictions and assesses the alignment of these regulations with global frameworks, exploring the transparency and consistency of corporate disclosures. We look into the evolving landscape of sustainability reporting, transition plans and its implications for companies navigating environmental challenges.

An analysis of top 5 banks in India (per loan book size) reveals that banking sector is making gradual yet notable shift toward integrating climate risk considerations into lending activities driven by regulatory signals, global initiatives and outlook for resilience. Key dimensions such as – risk identification & adoption of sustainable finance frameworks signals firm foundations, although, greening of the financial system needs intensification.

Climate change introduces systemic challenges to businesses and society, with its unpredictability posing risks beyond conventional investment expectations. This guidebook offers a comprehensive climate risk assessment framework to define, evaluate, and manage environmental and financial risks in investments. By adopting this structured approach, mutual funds and asset managers can better assess and integrate climate risks into decision-making. It aims to help identify and interpret various climate-related risks, enhancing investment strategies with climate risk insights.

For more information, contact oanand@ckinetics.com or iccad@ckinetics.com.

Climate-related risks pose significant challenges to banks and financial institutions, potentially altering sector credit parameters. Many entities are developing computational models to estimate impacts from transition and physical risk drivers in various climate scenarios. However, gaps persist in harmonized assessments, transition pathways, and physical risk scenario data. This briefing note outlines standardized processes for climate risk assessments, addresses data gaps in corporate sustainability reporting and financed emissions, and suggests enhancements to the BRSR framework. It also proposes regulatory actions to catalyze effective climate risk practices in capital markets.