There has been an increase in carbon dioxide emission this year by top Indian companies. The top 59 Indian companies emitted 231 million metric tonnes of carbon dioxide (CO2) this year, as opposed to 178.4 million metric tonnes of CO2 that was emitted by 55 companies last year, revealed the Carbon Disclosure Project (CDP) India 2014 report.
CDP is an international nonprofit organisation that seeks participation from companies across the world in disclosing their CO2 emission and their initiatives to reduce it.
CDP sends a questionnaire to 200 top Indian companies based on their market capitalisation. This year, 59 (30%) of the top 200 companies responded, four more than last year.
The companies have to disclose emissions across three categories of direct pollution through primary operations, indirect pollution during logistical operations and also state energy consumption.
The companies are t hen scored on the quality of their emission disclosures and on the basis of the initiatives taken to cut down emissions.
This year Wipro, Essar Oil, Tech Mahindra, Larsen & Toubro and Tata Consultancy Services made it to the CDP global A-list, based on their high scores on the carbon disclosure leadership index (CDLI).
For instance, one software company scored for its focus on energy efficiency with 19 of its buildings adopting green building standards that use renewable energy and water saving initiatives.
“We are happy that Indian companies are taking focussed measures to decrease carbon emissions and are also scoring high on the disclosure index,” said Damandeep Singh, director, CDP India.
This year, 11 companies from the materials sector disclosed information, followed by eight from the financial sector.