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COP28, UAE: A pivotal journey in the world's collective climate correction journey.

Vasu Gupta • December 25, 2023
COP28 marks the conclusion of the first-ever global stocktake, sounding a reminder that we are falling short of the Paris Agreement's 1.5°C target. As governments convened, decisions taken here fuelled ambitious climate plans to secure a sustainable future.

SRGA Global consistently and actively participated in COP events. This engagement reflects our unwavering commitment to addressing climate change and sustainable development issues that affect India and UAE, and their ongoing journey towards balancing economic growth with climate commitments under the Paris Agreement.

Road from B20 India to COP28, UAE
Under the theme R.A.I.S.E - Responsible, Accelerated, Innovative, Sustainable, and Equitable businesses, B20 India offered empowering recommendations for business leaders to adopt responsible, expedited, innovative, sustainable, and equitable practices.

There is an agreement across forums on tripling renewable energy capacity globally by 2030, driving accelerated energy transitions, strengthening bilateral and multilateral partnerships between stakeholders towards enhancing business-led climate action and unlocking increased climate finance through leveraging of private capital through various means.

Effective cooperation among governments, businesses, and international stakeholders is necessary to tackle the pressing challenges of our time. Additionally, the B20 India 2023 Action Council on ESG in Business Policies highlighted the necessity of a standardised ESG framework and advocated for a resilience and disaster management framework to mitigate climate impacts, especially in the Global South. 

Key Highlights from India Perspective:
  • COP28 should prioritize workforce capacity building, focusing on knowledge development and gender inclusivity.
  • Ensure MSMEs have a dedicated voice at COP28 to address their unique challenges in transitioning to a low-carbon economy.
  • The inclusion of MSMEs can strengthen COP28's goal to triple Renewable Energy (RE) usage and double energy efficiency (EE) by 2030.
  • Leveraging COP28 as a platform to foster interactions with the corporate sector and to present their unique perspectives on various initiatives such as the Global GDA, the Industrial Transition Accelerator (ITA) and the Charter for Oil and Gas Decarbonization (COGD).
  • Discussions on Articles 6.2 and 6.4 should provide clarity to all stakeholders, fostering increased climate finance flows and technology access in developing countries. 
  • There is an immediate need for well-defined standards and protocols that take into consideration inclusion, equity and parity. This is needed to bring about a well-oiled voluntary carbon market mechanism that will collectively work towards sustainable goals.
  • Considering the evolving landscape we are operating in, it is imperative that we define and improvise on the go. 

At COP28 UAE, SRGA Global stands at the forefront of environmental stewardship and corporate responsibility. Our growing domain knowledge in ESG standards and frameworks positions us uniquely to guide companies through comprehensive ESG Audits and Advisory. Partner with us for insights and strategies that align with the latest in sustainable development and responsible business practices.

Are you a QFZP for the UAE Corporate Tax Exemption? 🇦🇪

By Vasu Gupta • December 25, 2023

30 Years of Trust, Excellence and Togetherness at SRGA Global 🪔

By Vasu Gupta • December 25, 2023
As we illuminate our office with the vibrant lights of Diwali 2023, we're not just sparking diyas, but igniting the spirit of camaraderie and joy. This year is particularly momentous as we mark three decades of unwavering service, trust, and collaboration. As our teams come together in celebration, dancing to the rhythm of success and unity, we're reminded that SRGA Global is more than just a consulting firm; it's a family that thrives on mutual respect and shared goals. Here's to 30 years of SRGA Global - where tradition meets ambition, and celebrations are just as important as innovations. 🫱🏻‍🫲🏽

5th Edition Tax Strategy & Planning Summit 2023 with UBS Forums

By Vasu Gupta • December 25, 2023
Attending the 5th Edition Tax Strategy & Planning Summit 2023 with UBS Forums Pvt. Ltd. at the Le Meridien New Delhi was an incredible experience. The discussions around agility, innovation, and transformation truly resonated with our vision to empower our clients with the best tax solutions. At SRGA Global, we understand the significance of digitalization and the need for real-time processes, combined with a people-first approach. Our structure helps companies streamline tax compliance, reporting, and navigate complexities across multiple jurisdictions. If you couldn't reach us at the summit, feel free to reach out to learn more about how our tax solutions can drive your organization's success.
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