Tata Group Cos lead in Carbon Disclosure Leadership Index
Many companies in India and other countries have begun to take climate change and its impacts more seriously. These companies now have climate change actions embedded in their business strategy.
This year, four companies from the Tata Group are amongst the top ten companies in the leadership index for the Carbon Disclosure Project (CDP) in India for 2011. The companies are Tata Consultancy Services, Tata Chemicals, Tata Power and Tata Global Beverages.
Other companies in the carbon disclosure leadership index for CDP in India for 2011 include Wipro, Yes Bank, ACC, Sesa Goa, ABB and GVK Power and Infrastructure.
This was announced by the Confederation of Indian Industry (CII)-ITC Centre of Excellence for Sustainable Development along with its partners WWF-India and the CDP, with the support of the British High Commission, to release the India report of the CDP in 2011.
According to Paul Dickinson, Executive Chairman, CDP, there is an increase in interest shown by the Indian industry in enormous commercial opportunities presented by sustainability, which is the first predictable industrial revolution.
“As economic value moves from atoms and molecules to bits and bytes, India’s great size and technological leadership provides the foundation to dominate in fast growing global markets for services of all kinds,” he said.
The findings revealed that 57 out of the top 200 companies in India responded as compared to right companies in Russia, 67 percent of the top 75 companies in Brazil, 81 percent of the companies listed on the Johannesburg Exchange and 91 percent of the top 300 companies in the EU.
CDP is in its 11th year of evaluating corporations on their climate change risks, opportunities, impacts and associated business strategies and performance.
It is a non-governmental organization reporting on behalf of over 500 institutional investors. In 2011, over 70 percent of S&P 500 and Global 500 companies responded to CDP’s annual questionnaire, and over 3,500 organizations in total made a disclosure.
This year’s Global 500 report written by PricewaterhouseCoopers for the CDP and released in September had Philips Electronics, Bayer and Cisco top the Carbon Disclosure Project’s 2011 carbon performance and disclosure rankings.
Amazon, Apple, Berkshire Hathaway and the Bank of China were some of the large global companies who refused to respond to the CDP’s request to disclose their emissions.
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