Carbon Disclosure Project

Carbon Disclosure Project

➢ The CDP India annual report has been released by CDP (Carbon Disclosure Project) India.
➢ The report examines carbon reduction activities of companies.
➢ Top 4: United States of America secured the top spot followed by Japan, United Kindom and France.
➢ The boards of 98% of the firms directly monitor climate change risks with top management
integrating these concerns in performance evaluation.
➢ 2/3rd of the 59 firms that were surveyed use climate analysis tools to formulate their business
strategies.
➢ Improvement in disclosure rate has primarily been driven by investors who are actively pushing
companies to reveal climate risks and take steps to reduce their carbon footprint.
➢ Among the key focus areas of Indian firms is renewable energy. According to the report, 23
companies reported renewable energy targets in 2019, a 44% rise over 2018. Of these, Infosys,
Dalmia Cement and Tata Motors have reported 100% RE consumption.


Overall performance of India:


➢ India is now among the top five countries globally when it comes to adopting science-based target
initiatives (SBT) with as many as 38 Indian companies in 2019 committing to going beyond policy
requirements to plan urgent climate action, a significant rise from 25 firms in 2018.
➢ In 2019, up to 57 of the 59 responding companies stated that they have a process for risks
assessment; 51 declared that their process of identifying, assessing and managing climate related
risks is integrated into the multi-disciplinary, company-wide risk identification, assessment, and
management process which is considered a best practice.


CDP:


➢ The CDP is a global disclosure system that enables companies, cities, states and regions to measure
and manage their environmental impacts.
➢ It collects and collates self-reported environmental data in the world.

➢ It is aimed at measuring the carbon reduction activities undertaken by different companies and
firms operating in various countries across the globe.

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