Question: What is India’s rank in Carbon Disclosure Project 2019 report?
(a) Second
(b) Third
(c) Fifth
(d) Sixth
Answer: (c)
Related facts:
- On January 20, 2020, “Climate and business partnership of the future: CDP India Annual Report 2019”was released by CDP (Carbon Disclosure Project).
- CDP (Carbon Disclosure Project) is a not-for-profit charity running the global disclosure system for investors, companies to manage their environmental impacts.
- India was ranked 5th among the countries surveyed for corporate commitments to science-based targets (SBT).
- 58 Indian companies shared details about the environment-related activities undertaken by them in 2019.
- The report has ranked countries as per their responsibilities taken by the corporate business towards carbon reduction.
- Top 3 countries with SBT companies:
- United States of America (135 SBT Companies)
- Japan (83 SBT Companies)
- United Kingdom (78 SBT Companies)
Key Points of CDP 2019:
- The report surveyed a total of 6900 companies across the globe to compile their annual report for 2019. These firms contribute to 55% of world capitalization.
- The report notified that more than 98 % of leading Indian companies have formed some committee / group within its organization to meet & address climate-related issues.
- The report also found that investors responded to companies in a good manner who has disclosed their climate risk. The report also claimed that investors also took into account the environmental activity from Indian companies before investing in an organization.
- India secured 5th spot ahead of Germany (30 companies) and Sweden (27 companies) & becomes the 1st developing nation with maximum number of companies committing to the SBTs.
Links:
https://economictimes.indiatimes.com/news/science/india-5th-among-countries-with-corporate-commitments-to-science-based-targets-report/articleshow/73434464.cms?from=mdr
https://www.cdp.net/en/companies/companies-scores