Five Indian companies — Wipro, Essar Oil, Tech Mahindra, Larsen and Toubro and Tata Consultancy Services — are among the top global companies that did business in the most sustainable manner in 2013, the Carbon Disclosure Report (CDR) 2014 said on Wednesday.
The ranking is of the top 2,000 companies on the request of 767 investors who represent more than a third of the world’s invested capital. The companies are analysed on the basis of voluntary disclosure. About 200 Indian companies participated in the study.
“In terms of global ranking, it is impressive that five Indian companies have made it to the Global A-list, on par with Australia and Canada and more than any other emerging economy, except South Africa,” said a statement issued by CDR India.
A similar report for India showed that energy efficiency was a key mean for the companies to check their carbon emissions. Over 60% of the surveyed companies are introducing process energy efficiency initiatives, consequently 24% have reduced their absolute emissions and an additional 26% have reduced their emissions intensity while driving business growth and profitability.
“The report demonstrates a strong level of commitment by Indian companies towards greater energy efficiency as a means of addressing climate change. It also highlights the need for enabling a strong regulatory environment that attract higher levels of investments,” said Damandeep Singh, director, CDP India.