Thomas Cook India, and its subsidiary SOTC Travel, have partnered with global technology consulting and digital solutions company LTIMindtree to launch Green Carpet, a technology platform that will help enterprises monitor and manage their travel emissions.
Green Carpet enables swift and easy integration with current business travel platforms, and will also provide analysis of travel emissions with real-time dashboards. The launch pricing of the solution is based on the number of trips, which starts from US$1,500 and goes up to US$3,500 annually.
The launch comes at a time when the market regulator, Securities and Exchange Board of India (SEBI), made it mandatory for the top 1,000 listed companies in India by market capitalisation to make filings as per the Business Responsibility and Sustainability Reporting (BRSR) starting from financial year 2023.
The platform will help Indian companies capture, measure, benchmark and report Scope 3 emissions as mandated by SEBI. Carbon emissions that are caused, because of business travel, come under the Scope 3 of BRSR.
“Corporates through the Green Carpet platform can evaluate parameters like how various business verticals are adding to carbon emissions, or how much carbon emissions are being added due to domestic or international travel. A standardised report can be then submitted to SEBI,” said Mahesh Iyer, CEO & executive director, Thomas Cook India.
“The travel and tourism sector plays an important role in reaching India’s target to achieve net zero emissions by 2070,” he added.