Four Indian companies make it to CDP's 'A list' for efforts against climate change

NEW DELHI: Four Indian companies - Hindustan Zinc Limited, IndusInd Bank, Mahindra & Mahindra and Tech Mahindra - have made it to CDP's (Carbon Disclosure Project) 'A list' of 313 global firms that have taken a lead in environmental transparency and action.


According to a report released by CDP, 11 other Indian companies, including JSW Steel, Godrej Consumer Products and TATA Steel, have received A- rating for their efforts to address climate change.


"This is a major increase on last year despite the unprecedented challenges posed by Covid-19," said the CDP report.

CDP India director Damandeep Singh said that the performance of Indian companies in addressing climate change has shown a marked improvement, holding out hope for the future.

"Besides the A-Listers, another 11 companies including JSW Steel, Godrej Consumer Products, and TATA Steel received A- rating, which puts them in the 'Leadership Band'. This highlights companies leading on environmental transparency and action, based on their annual disclosure through CDP," said Singh.

The A List released by CDP comes just ahead of the five-year anniversary of the Paris Agreement, with world governments expected to deliver updates on their national climate plans to build momentum ahead of COP26.

The A List showcases the companies leading on environmental transparency and action, based on their annual disclosure through CDP's climate change, forests and water security questionnaires.

Globally, CDP has seen a major increase (45% up on last year) in the number of companies achieving an A score.

Firms like AstraZeneca, Danone, Firmenich, HP Inc, KAO Corporation, Klabin S/A, Mars, Symrise AG and Mitsubishi Electric are among those that made it to the A List.