Tata Chemicals ranked fourth in top ten Carbon Disclosure Leadership Index in Carbon Disclosure Project 2010 India 200 Report
As a member of the Tata group, Tata Chemicals is committed to ‘responsible business’ and as a recognition of its efforts in this direction, Tata Chemicals has been ranked fourth in the list of top ten corporates recognised on Carbon Disclosure Leadership Index (CDLI) in India, in the Carbon Disclosure Project 2010 India 200 Report.
The report was released at the Taj Palace, Mumbai, on October 28, 2010, by Suresh Shetty, minister, Government of Maharashtra, in an event supported by the British High Commission, CII and WWF.
The Carbon Disclosure Project 2010 India 200 Report is based on responses to carbon disclosures from 51 leading Indian corporates, evaluated by Carbon Disclosure Project (CDP), a not for profit organisation in the UK, acting on behalf of 534 institutional investors, holding $64 trillion in assets. The CDLI is a listing of the companies with the most comprehensive disclosure provided in response to the CDP information request.
Speaking on this recognition, Sanjay Choudhary, chief technology and sustainability officer, Tata Chemicals, said, “This ranking is a reflection of our efforts and response to the stakeholder expectations on climate change management with all our manufacturing sites engaged in energy efficiency, exploring renewable energy prospects and innovating for low-carbon products. It reiterates our commitment towards sustainability and responsible care.”
NOTE:
The carbon disclosure scores assess companies on the quality and completeness of their disclosure and consider factors including:
- Clear consideration of business-specific risks and potential opportunities related to climate change.
- Good internal data management practices for understanding GHG emissions, including energy use.
It is important to note that the carbon disclosure score is not a metric of a company’s performance in relation to climate change management, because the score does not make any judgment about mitigation actions. A company’s disclosure score is based solely on the information disclosed in the company’s CDP response.