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Fitsol at the Forefront of ESG Leadership

Fitsol was proud to participate in the ESG and Sustainability Leadership Summit – Chapter 2, organized by the UN Global Compact Network India on August 7, 2025, at PHD House, Delhi. Our CEO and Founder, Anand Pathak, was invited to speak at the summit, where he shared insights on how businesses can embed ESG into their core strategy to build resilient and sustainable supply chains. The event brought together leading voices across industries to explore how ESG can move beyond compliance and become a true driver of long-term impact. Discussions focused on practical approaches to climate action, governance, and operational transformation through data and collaboration.

Building Smarter Supply Chains at IPSC 2025

Fitsol recently participated as a delegate at the International Procurement and Supply Chain Conference (IPSC), a premier platform shaping the future of procurement and logistics. Organized around the theme “Resilient and Reliable Supply Chains: Powering India’s Growth,” the event brought together industry leaders to discuss innovation, sustainability, and forward-thinking strategies.

At IPSC, Fitsol engaged in meaningful conversations on circular and responsible sourcing, sharing insights on how data, technology, and emissions intelligence can drive supply chain transformation. It was an inspiring day of dialogue and collaboration, and a strong step toward building smarter, more resilient supply chains aligned with India’s sustainable growth agenda.

Photo by Brina Blum on Unsplash

Around the World: Trends Shaping Climate & Business

EU Simplifies Sustainability Reporting Standards

The European Financial Reporting Advisory Group (EFRAG) has released revised drafts of the European Sustainability Reporting Standards (ESRS), bringing major relief to companies reporting under the EU’s Corporate Sustainability Reporting Directive (CSRD). The updated standards cut mandatory data points by 57% and total reporting requirements by 68%, eliminating all voluntary disclosures. These changes are aimed at making ESG reporting simpler, clearer, and more manageable for businesses across Europe.

The revisions also include a more practical approach to double materiality assessments and align more closely with IFRS sustainability standards. These updates are part of the EU’s wider effort, through its Omnibus I proposal, to reduce regulatory burden under CSRD, CSDDD, CBAM, and the EU Taxonomy. A public consultation on the new drafts is open until September 29, 2025, with the final version expected by November 2025.

Source: ESG Today

EU Moves Toward a Circular Future

The European Commission has opened a public consultation and Call for Evidence for its upcoming Circular Economy Act, set to be adopted in 2026. The Act aims to double the EU’s circularity rate and establish a unified market for secondary raw materials by 2030. Key focus areas include improving e-waste recycling and scaling the use of secondary critical raw materials, helping the EU shift away from a linear economy and reduce its dependence on imports.

Despite growing awareness, the EU’s circularity rate has barely improved—rising from just 10.7% in 2010 to 11.8% in 2023. The Circular Economy Act aims to address systemic inefficiencies in resource use and promote sustainable production, resilient supply chains, and decarbonization. This move supports broader EU goals under the Competitiveness Compass and Clean Industrial Deal, reinforcing the region’s leadership in circular economy transformation.

Source: ESG News

Power Ministry Launches ₹1,000 Cr Scheme to Boost Energy Efficiency in MSMEs

The Union Ministry of Power, through the Bureau of Energy Efficiency (BEE), has launched a ₹1,000 crore scheme to accelerate the adoption of energy-efficient technologies among India’s micro, small, and medium enterprises (MSMEs). Titled ‘Assistance in Deploying Energy Efficient Technologies in Industries and Establishments (ADEETIE)’, the initiative will cover 60 industrial clusters across 14 sectors.

The scheme offers end-to-end support, from energy audits to concessional financing and third-party verification, helping businesses cut energy costs, reduce emissions, and stay competitive. With industrial energy use accounting for over 40% of India’s electricity consumption, this move is expected to make a measurable impact on national decarbonization goals.

Source: Times of India

As the number one decarbonization solutions provider, Fitsol is proudly setting the standard for credible, tech-driven climate action across the carbon value chain. Join us as we take charge in redefining sustainability for a greener tomorrow.