New Delhi, July 23 -- Indian firms are approaching a crucial juncture in their climate journey. For far too long, the cost of carbon has remained an invisible ledger entry, an externality conveniently overlooked in balance sheets and investment decisions.

This era of carbon apathy is drawing to a close, as staying in business could soon pivot on internal carbon pricing (ICP), or the practice of assigning a monetary value to greenhouse gas emissions within an organization.

A handful of progressive firms, including industrial giants like Tata Steel and Mahindra, alongside IT major Infosys and the consumer products company ITC, have begun incorporating ICP to shape their strategic investments and risk assessments.

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