TCS, Wipro among top 10 in carbon disclosure leadership index

November 16th, 2011 - 12:00 am ICT by IANS  

New Delhi, Nov 15 (IANS) IT bellwether Tata Consultancy Service (TCS) and Wipro are among the top ten companies in the leadership index for the Carbon Disclosure Project in India for 2011, industry lobby Confederation of Indian Industry (CII) said Tuesday.

“The top 10 companies in the carbon disclosure leadership index for the Carbon Disclosure Project in India for 2011 include TCS, Wipro, Yes Bank, ACC, Tata Chemicals, Tata Global Beverages, Sesa Goa, GVK Power & Infrastructure, ABB and Tata Power,” the CII-ITC Centre of Excellence for Sustainable Development said in a statement.

According to Carbon Disclosure Project (CDP) executive chairman Paul Dickinson, Indian industry is showing increasing interest in enormous commercial opportunities presented by sustainability, which is the first predictable industrial revolution.

“As economic value moves from atoms and molecules to bits and bytes, India’s great size and technological leadership provides the foundation to dominate in fast growing global markets for services of all kinds,” he said.

He added 57 out of the top 200 companies in India responded as compared to eight companies in Russia, 67 of the top 75 companies in Brazil, 81 percent of the companies listed on the Johannesburg Exchange and 91 percent of the top 300 companies in the EU.

Presenting the Indian industry perspectives, Arun Bharat Ram, past president, CII and chairman SRF Ltd, said while globally, businesses agreed on the relevance of green products and processes, they were faced by three challenges including stabilising the economy, revitalising the economy and reversing the environmental degradation.

“There were numerous efforts by Indian industry in this direction, as exemplified by the expected lowering of cost of the solar-powered electricity by 40 percent by 2015, making it competitive with the conventional electricity,” said Ram.

The renewable energy trade market alone was an estimated $2.5 billion, and the market for low carbon goods in India is an estimated $135 billion,” he added.

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