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<ul><li><keyword id="5093" type="General" weightage="100" keywordseo="green-carpet" source="Orion">Green Carpet</keyword> helps organizations capture, monitor, analyze and reduce carbon emissions from business travel. </li><li>Air travel is a significant source of global emissions and is predicted to account for 12-27% of global emissions by 2050. </li><li>SEBI mandated the top 1,000 listed companies by market capitalization, to make filings as per the BRSR, an ESG regulatory disclosure framework, from FY23. </li></ul><keyword id="87184" type="General" weightage="80" keywordseo="thomas-cook" source="Orion">Thomas Cook</keyword> (<keyword id="3658" type="General" weightage="80" keywordseo="india" source="Orion">India</keyword>), a travel services company and its group company SOTC Travel partnered with LTIMindtree, to launch ‘Green Carpet’ – a global platform to monitor and manage business travel emissions. A SaaS-based platform, ‘Green Carpet’ is designed to address specific concerns faced by organizations, helping them capture, monitor, analyze and reduce their carbon emissions from business travel. It also helps them significantly reduce their Environmental, Social &amp; Governance (ESG) reporting costs. Green Carpet enables simplified data capture and analysis of travel emissions with real-time dashboards and adherence to Business Responsibility and Sustainability Reporting (BRSR) and enables adherence to global audit requirements. It has a swift and easy integration with current business travel platforms of corporates, advanced AI &amp; ML to provide analytics and recommendations, and decision making to drive enterprise net zero goals. Says Madhavan Menon, CMD of Thomas Cook (India), “Under its G20 Presidency, India has set ambitious ESG goals, and India Inc. has been called on to implement SEBI’s BRSR mandate starting FY23. At Thomas Cook &amp; SOTC, our leadership in the travel sector formed the basis of our partnership with LTIMindtree — a leading technology solutions provider. Green Carpet leverages the global expertise of Fairfax Digital Services to collectively empower enterprises with the ability to seamlessly monitor and manage business travel emissions and drive their net zero goals.” Global warming and its resultant impact on the environment and mankind forced countries globally to take concrete measures to curb the damage. India is at the forefront of this movement. Union Finance Minister <keyword id="129243" type="General" weightage="50" keywordseo="nirmala-sitharaman" source="Orion">Nirmala Sitharaman</keyword> stressed on '<keyword id="399052" type="General" weightage="50" keywordseo="green-growth" source="Orion">Green Growth</keyword>' and clean energy transition in her budget speech delivered in the Parliament on February 1, 2023. Also, SEBI has mandated the top 1,000 listed companies in India by market capitalization to make filings as per the BRSR from FY23. According to the World Resources Institute, air travel is a significant source of global emissions and is predicted to account for 12-27% of global emissions by 2050. Air travel emissions are increasing 70% faster than initially expected by the Intergovernmental Panel on Climate Change (IPCC). It is estimated that business travel represents about 15-20% of global travel. Organizations are hence looking to reduce their business travel carbon footprint. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/science/health/news/co-infection-with-superbug-spikes-covid-virus-replication-by-15-fold/articleshow/98866674.cms">Co-infection with 'superbug' spikes Covid virus replication by 15-fold</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/finance/news/moodys-downgrades-outlook-for-ubs-to-negative-after-credit-suisse-take-over/articleshow/98866992.cms">Moody's downgrades outlook for UBS to negative, after Credit Suisse take over</a>

Thomas Cook India, SOTC launch Green Carpet to help companies manage carbon emissions of biz travel

<ul class="summary-list"><li><keyword id="688028" type="CITY" weightage="60" keywordseo="Square">Square</keyword> is working with <keyword id="6354947" type="UNKNOWN" weightage="60" keywordseo="bitcoin">bitcoin</keyword> technology company <keyword id="7925577" type="COMPANY" weightage="60" keywordseo="Blockstream">Blockstream</keyword> on creating a sustainable bitcoin mine.</li><li>Square will invest $5 million in the open-source project, while Blockstream will provide infrastructure.</li><li><keyword id="265395" type="PERSON" weightage="60" keywordseo="Jack-Dorsey">Jack Dorsey</keyword> and Square have argued bitcoin could drive a positive impact on the environment.</li></ul>Jack Dorsey-led Square is investing $5 million into building a bitcoin mine that runs on solar power, teaming up with bitcoin technology company Blockstream on the project as debate over <keyword id="2721952" type="PERSON" weightage="60" keywordseo="crypto">crypto</keyword>'s environmental impact intensifies. While digital payments company Square is backing the project financially, Blockstream is providing infrastructure and expertise for the renewable-energy bitcoin-mining facility. It will be developed at one of Blockstream's existing crypto-mining sites in the US and be designed to function as a "proof-of concept" to demonstrate that <keyword id="1660859" type="PERSON" weightage="60" keywordseo="bitcoin-Mining">bitcoin mining</keyword> can be sustainable. "We hope to show that a renewable mining facility in the real world is not only possible, but also prove empirically that Bitcoin accelerates the world toward a sustainable future," Blockstream said in a <a href="https://blockstream.com/2021/06/05/en-blockstream-and-square-inc-join-forces-for-solar-powered-bitcoin-mining/">joint statement</a> on Sunday.Twitter creator and Square CEO Jack Dorsey has <a href="https://twitter.com/jack/status/1384903902907314176?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1384903902907314176%7Ctwgr%5E%7Ctwcon%5Es1_&amp;ref_url=https%3A%2F%2Fwww.bbc.co.uk%2Fnews%2Ftechnology-568448134813">argued</a> that bitcoin encourages global moves toward sustainability and renewable energy, and the project is part of the digital payments company's Bitcoin Clean Energy Initiative. "Together, we'll be creating a public-facing dashboard to serve as a transparent case study for renewable energy and bitcoin mining. As we continue to explore the synergies between the two, we're excited to share our ongoing learnings and real-world data points." Square said on <a href="https://twitter.com/Square/status/1401222540253532169">Twitter</a>. The project will be open-source, meaning that the code and process behind it will be publicly accessible. All associated economic data will also be shared. The partners said they hope the "open and transparent nature" of the effort will provide a model for other businesses.The impact of bitcoin mining on the environment is a hotly debated topic in the cryptocurrency industry. Each bitcoin transaction, purchase or sale adds to the blockchain network which therefore requires a constantly increasing amount of energy. While bitcoin fans share Dorsey's view and argue that bitcoin mining mostly runs on renewable energy, critics say that the environmental impact is detrimental and contributes to climate change, among other issues. In April, Square published a <a href="https://assets.ctfassets.net/2d5q1td6cyxq/5mRjc9X5LTXFFihIlTt7QK/e7bcba47217b60423a01a357e036105e/BCEI_White_Paper.pdf">report</a> with Cathie Wood's Ark Invest <a href="https://markets.businessinsider.com/currencies/news/bitcoin-mining-jack-dorsey-cathie-wood-square-ark-invest-research-2021-4-1030332261">saying that the bitcoin network could function as "unique buyer energy"</a> that paves the way for renewable, sustainable-energy-based approaches to <keyword id="6289215" type="UNKNOWN" weightage="60" keywordseo="Crypto-Mining">crypto mining</keyword>. Environmental concerns are said to be part of the reason for China's recent crypto crackdown. The vast majority of crypto is mined in China, driving up energy demand in the country and therefore making it difficult for China to reach its net zero emissions by 2060 target.

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<div class="KonaFilter image-container display-table float_right"><div><div class="image">Thomson ReutersGeneral Motors CEO Barra and Opel CEO Neumann present the new Opel Astra during the media day at the Frankfurt Motor Show (IAA) in Frankfurt</div></div></div>A sense of impending disruption hangs over all the shiny new cars at this year's edition of the Frankfurt International Motor Show.The potential impact of automated driving and of extensively connected cars has pushed aside electric and low-emission vehicles as the major theme in just the two years since the show was last held.New technologies could lead to everything from real-time navigating around a slippery stretch of road, to eliminating the need for a home garage by having cars drive themselves to people who summon them through a mobile app.The big question among automakers is whether they will be the ones to provide new technologies - and profit from them - or will major tech companies like Google and Apple take a slice of the industry. For now, the two sides are balancing cooperation against competition as they gauge what the future holds.<a href="http://abcnews.go.com/topics/business/automotive/general-motors.htm" class="r_lapi">General Motors</a> CEO <a href="http://abcnews.go.com/topics/business/CEOs/mary-barra.htm" class="r_lapi">Mary Barra</a> succinctly expressed a common view, asserting that "we will see more change in the industry in the next five to ten years than we have in the last 50."Dieter Zetsche, the head of Daimler AG, described the car and technology companies as being "frenemies."He said Daimler would welcome competition, which he called "the energy source for our economy." What is important, he said, was for Daimler to keep control of customers' data, to not sell it to third parties, and to obey customer wishes on how it is used. That was his company's rationale for joining with Audi and BMW to buy Nokia's HERE mapping service: "To be sure we define the fate of the data being gathered."If Apple or Google start making cars - something neither has said they intend to do - "then we are competitors."Consultancy McKinsey found expectations of rapid change were widespread in the industry. In a survey of 91 industry executives for a report released Wednesday, it found 90 percent "believe that their organization's business model will change or broaden because of connectivity and autonomous driving."The company also found that more car customers would be willing to switch brands for better connected services. The number that would do so rose from 20 percent in 2014 to 37 percent this year. The company surveyed over 1,000 recent car customers each in Germany, the U.S. and China. "The fact that within just one year the number of people willing to switch car brands for connectivity has almost doubled shows that connectivity is evolving from a should-have to a must-have" for carmakers.More and more carmakers support the Android Auto and Apple CarPlay interfaces that let people use their smartphone apps, such as navigation or messaging, through their car's dashboard screen. Seven automakers had cars with Android Auto on display in Frankfurt: Audi, Hyundai, Mitsubishi, Volkswagen and its SEAT and Skoda brands, and Opel. General Motors has been connecting cars for years through its OnStar remove roadside assistance service, which it extended to its mass-market entrant in Europe.Google had no stand at the show, but has shaken up the auto industry by testing a self-driving car prototype. Traditional automakers such as Daimler's <a href="http://abcnews.go.com/topics/business/automotive/mercedes-benz.htm" class="r_lapi">Mercedes-Benz</a>, GM and Toyota are also working to gradually automate functions in the car until vehicles become fully capable of driving themselves, possibly by 2025.A key issue is when some automated functions become legal, and in what countries. Some of these technologies - especially for cars that drive themselves - are already appearing on new models, but are held back by legal and safety concerns. BMW's new 7-Series sedan can park itself with the driver standing outside at the press of a remote button. Cars can already warn drivers when they're leaving their lane, or deploy emergency brakes to avoid a rear-end collision.Daimler CEO Zetsche sketched out a transformative idea: "You could for instance, think about a typical American neighborhood where you would avoid building 100 garages, getting more houses in, and having the cars being parked outside and come on demand," he said. "That is a relatively simple task and could be accomplished certainly within the next five years. ... It depends on the restrictions."According to Renault-Nissan CEO Carlos Ghosn, autonomous driving might come in stages as more functions become automated and different jurisdictions allow them. He cautioned, however, that someone will always be behind the wheel able to take over.He also argued that tech companies would be an integral part of the car industry in the future. "We cannot develop this technology on our own."Google's engineering director in charge of Android Auto, Patrick Brady, attended the show for discussions with auto partners and said there was a convergence between the industries."We are partnering in so many different ways but there are other places where we are competing, and I think that's healthy," he said. "The consumer ultimately wins." <div class="margin-top"> <h3>NOW WATCH: <a href="http://www.businessinsider.com/strategies-to-teach-babies-learn-faster-2015-9">New research reveals an easy way to make babies learn faster</a></h3> <div> <div> <div class="ooyala-video-player" data-video-autoplay="false" data-video-id="poYmY4dzo458n7s6kGI8_TGEJtBXkIzX" data-player-variable="ooyalapopvideo" id="ooyalaplayer_popvideo" style="width:1280px;height:720px"></div> </div> </div> </div>

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