CEOs of the organisation to sign CCAC charter to demonstrate the organisation’s commitment towards climate change risks and working on the 4 principles in a sustainable way to address climate change risks in their own business, and across the value chain.  Process of joining the charter includes-

The expected benefits of joining CCAC are scale, flexibility, resources, and expertise to achieve ambitious climate goals. Enhancing the businesses to scale its flexibility, resources, and expertise to achieve ambitious climate goals.

To advance towards business support in driving climate action. Creating Sectoral benchmarks on climate action. Supporting the value chain in integrating and defining risks in climate change and sustainability and act on them accordingly.

Mapping value chain vulnerability and defining the climate action commitments. Guiding MSMEs in integrating climate risk, prepare risk mitigation maps and follow a standardized reporting framework   follow reporting.

There is an urgent need to understand the need of industry action and its effectiveness towards building a pathway to achieve aspirations such as mapping out net zero future, become resilient, drive innovation, and create growth at the same time, build on interventions on important pillars like -low carbon economy, circularity, collaborations, and balanced ecosystems.

Moreover, working together to drive industry towards acknowledging the common but differentiated responsibilities, understanding the mutual complementarities, and identifying the levers of action in accelerating towards a sustainable and low carbon transition.

CCAC will provide a platform for Indian businesses to map Climate Change as a material risk across value chains and develop long-term actions to build resilience. The principles of CCAC platform will help businesses to lead their sectoral climate actions and showcase best practices for addressing climate risk.

Becoming signatory of CII CCAC   is voluntary, and no cost is involved. 

The CIICCAC will support signatories through in-house tools developed and validated by Working Group Committee experts to understand the state and dependencies of the company on climate change risk and vulnerability risk index across the value chain and provide a platform for Indian businesses to map Climate Change as a material risk as well as develop long-term actions to build resilience

Four pillars of the charter include:

a)      GHG Emission Reductions – Measure the present/baseline GHG emission and develop measurable short-term (5      years) and long-term targets for GHG emission reduction

b)      Transition in value chain – Identify risks to which the value chain is exposed and support in climate transition.

c)    Building Resilience- Work with the company’s leadership team to build resilience for future climate change      impacts.

d)     Mobilizing Green Finance- Help in framework development of green bonds usage and accelerate green finance for climate transition. To improve the identification and management of financial risks related to the climate and the environment.