The Carbon Disclosure Project (CDP) is a UK based organisation which works with shareholders and corporations to disclose the GHG emissions of major corporations. Over 3,000 organisations from more than 60 countries round the world now measure and disclose their greenhouse gas emissions, water management and climate change strategies through CDP to set reduction targets and make performance improvements. This data is made available for use by a wide audience including institutional investors, corporations, policymakers and their advisors, public sector organisations, government bodies, academics and the public. The Carbon Disclosure Leadership Index (CDLI), an initiative by CDP, recognises organisations meeting outstanding standards of transparency and comprehensiveness of GHG reporting and analysis. The disclosure is a measure of the companies’ understanding of the risks, effects on climate change and ability to capture good quality of data.
Latest News on Carbon Disclosure Project in India
15 Nov 2011 : TCS tops the Carbon Disclosure Leadership Index, India (CDLI) 2011. T
CS topped the Carbon Disclosure Leadership Index CDLI, India 2011 list with a score of 86 on 100 on 15 November 2011. Other participants making it to the top five include WIPRO, YES Bank, ACC Cements and TATA Chemicals. Ahead of the upcoming COP 17 in Durban, The India 200 report, provides significant insights on how leading Indian companies are demonstrating global best practices in disclosing their carbon emissions and setting performance targets for mitigation of GHG emissions. The report was prepared by CDP along with CII-ITC Centre of Excellence for Sustainable Development, WWF India and the India report partner, Ernst & Young Pvt. Ltd.
The report also highlights the need for strong governance to manage the complexity of climate change issues, the increasing integration of climate strategy with business strategy and the associated financial opportunities that present to the Indian industry. Over the last five years the number of companies reporting their GHG emissions is on an upward trend. In 2011 89% of the responding companies reported their Scope 1, 2 or 3 emissions; this is more than a two-fold increase since CDP 2008. Presenting the Indian industry perspectives, Arun Bharat Ram, former CII president and chairman SRF Ltd, said while globally businesses agreed on the relevance of green products and processes, they were faced by three challenges: stabilising the economy, revitalising the economy and reversing the environmental degradation.
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