CDP recognises climate change transparency of Tata Global Beverages

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.”