November 23, 2024 07:00 (IST)
Follow us:
facebook-white sharing button
twitter-white sharing button
instagram-white sharing button
youtube-white sharing button
'Third World War has begun:' Ex-Ukraine military commander-in-chief Valery Zaluzhny | UK-India Free Trade Agreement negotiations to resume in early 2024 | UK can arrest Benjamin Netanyahu if he visits country based on ICC warrant | Centre to send over 10,000 additional soldiers to violence-hit Manipur amid fresh violence | Chhattisgarh: 10 Maoists killed during encounter with security forces in Sukma

CDP recognises climate change transparency of Tata Global Beverages

| | 04 Nov 2015, 07:07 pm
Kolkata/Bengaluru, Nov 4 (IBNS): Tata Global Beverages has been identified as an Indian leader for the quality of climate change related information that it has disclosed to investors and the global marketplace through CDP India, the not-for-profit that drives sustainable economies.
It is therefore awarded a position on the Indian Climate Disclosure Leadership Index (CDLI), released on Wednesday in the India climate change report.  
 
The news comes three weeks ahead of COP21, the UN climate change conference, when national leaders meet to agree a global deal to reduce carbon emissions and limit temperature warming.
 
Tata Global Beverages has earned its position on the index by disclosing high quality carbon emissions and energy data through CDP’s climate change program. 
 
The reported data has been independently assessed against CDP’s scoring methodology and marked out of 100.  Those organizations scoring above 90 in disclosure scoring constitute the CDLI.  Tata Global Beverages has scored 99.
 
Speaking at the CDP India Conference on Climate Change as a keynote speaker, Ajoy K Misra, CEO and Managing Director of Tata Global Beverages said: “At Tata Global Beverages, Climate Change is one of the core pillars of our sustainability initiatives. Our climate change strategy focusses on 4 key areas: Sustainable agriculture, Sustainable forestry, Renewable energy and Energy efficiency. We believe a business needs to have a positive impact on all its stakeholders, which goes well beyond generating financial returns."
 
"While corporate India has responded with hundreds of emission reduction initiatives, a lot more needs to be done to successfully confront the challenges of climate change in the years to come. We have the responsibility to identify opportunities and create sustainable value as the country makes a transition to a low-carbon and sustainable economy,” he said.
 
At the request of 822 investors who represent US$95 trillion in assets, thousands of companies submit annual climate disclosures to CDP.  Top scores indicate a high level of transparency in the disclosure of climate change-related information, providing investors with a level of comfort to assess corporate accountability and preparedness for changing market demands and emissions regulation.
 
Paul Dickinson, executive chairman and co-founder of CDP, said: “As the world looks beyond the Paris climate change negotiations and prepares for a low carbon future, reliable information about how companies are responding to the transition will be ever more valuable.  For this reason we congratulate those businesses that have achieved a position on CDP’s Climate Disclosure Leadership Index.”
 
Damandeep Singh, director, CDP India, added, “It is heartening to note that Indian companies are constantly improving their rankings while disclosing vital climate change information to the world in order for the investors and policymakers to make informed decisions.”
 

Support Our Journalism

We cannot do without you.. your contribution supports unbiased journalism

IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.

Support objective journalism for a small contribution.