Partnership with 50% of active Registered Vehicle Scrapping Facilities across India
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Your trusted partner for decarbonizing the whole value chain
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Meet your manufacturing firm's EPR through dMRV
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Partnership with 50% of active Registered Vehicle Scrapping Facilities across India
Slide
Your trusted partner for decarbonizing the whole value chain
Slide
Meet your manufacturing firm's EPR through dMRV
Where can MMCM's Decarbonization Program help?
MMCM aims to positively impact the Scope 3 emissions of the automotive sector by mapping the supply chain of Auto OEMs and supplying recycled material to the tier 1 and tier 2 suppliers of OEMS thereby positively impacting Scope 3 emissions.
Procuring more sustainable goods and services can make a significant contribution towards companies reducing their scope 3 emissions, which will also have a positive impact on bottom-line.
MMCM helps address scope 3 emissions through:
Category 1: Procurement of recycled materials
Category 11: By pulling out ELVs from the ecosystem (in extension to India’s voluntary vehicle scrapping policy)
Category 12: Through assisting RVSFs in their ELV scrapping operations
We are racing against climate change
The global temperature is likely to surpass the crucial threshold of 1.5 degrees Celsius warming in the next 20 years. As a result, we will experience a series of cascading climate tipping points, ranging from the melting of carbon-rich permafrost in the poles to the disappearance of nearly all mountain glaciers. Below 2 degrees Celsius warming can cause up to 10 tipping points.
Role of Automotive Industry in Global Warming
The automotive sector responsible for approximately 15% of global greenhouse gas emissions. embracing circularity within the automotive sector has demonstrated significant cost reductions of 30% to 50% for vehicle components, alongside substantial carbon savings through the recycling of recovered materials. By embracing sustainability, manufacturers not only navigate immediate challenges but also pave the way for long-term industry viability and resilience.
Challenges being faced in reducing Scope-3 emissions
Complex Supply Chains
OEMs often source materials and components globally, leading to a multi-tiered supply chain, making it challenging to track emissions accurately.
Lack of Transparency
Suppliers may not have systems in place to measure emissions, or they may be unwilling to share data, hindering OEMs’ ability to calculate Scope 3 emissions.
Financial Constraint
Scope 3 emissions mitigation entails substantial financial investments for OEMs, including supply chain management, supplier collaboration, R&D, and regulatory compliance.
Regulatory Complexity
Varying regulatory requirements across countries add further complexity for OEMs operating in multiple jurisdictions.
Where to get started?
Businesses can cut emissions in accordance with the objectives of the Paris Agreement by using Science Based Targets, which offer a well-defined route. The Science Based Targets initiative (SBTi) is already being utilized by over 5,000 businesses globally. Science-based targets give businesses a well-defined strategy to cut their greenhouse gas (GHG) emissions, mitigating the worst effects of climate change and ensuring the growth of their businesses in the future.
The GHG Protocol defines 15 different categories of Scope 3 emissions. Automobile companies have a particular opportunity to take significant steps to decarbonize their activities in three of those categories:
Scope-3 Category-1
Purchased goods and services
Scope-3 Category-5
Waste generated in operations
Scope-3 Category-1
Purchased goods and services
Scope-3 Category-5
Waste generated in operations
What is the expected timeframe to achieve benefits of crcularity?
Starting today, circularity will impact your manufacturing firm’s bottom line in an incremental manner with each passing year.
Reduce the carbon footprint of your manufacturing value chain today!
MMCM Takes Center Stage at SIAM's Circular Economy Initiative Workshop
June 18, 2024
The workshop united key stakeholders to discuss sustainable management of Persistent Organic Pollutants (POPs) and explore solutions for India’s automotive sector.