CO2 Emissions Top Indian companies join voluntary GHG emissions reporting program

Published on July 26th, 2013 | by Mridul Chadha

1

Leading Indian Companies (Including Ford Motor Company India) Join Voluntary GHG Emissions Reporting Program

July 26th, 2013 by  

Leading Indian companies have taken the first major step towards a possible emissions trading scheme, with more than 20 of India’s leading companies joining an initiative to voluntarily report their greenhouse gas emissions.

Top Indian companies join voluntary GHG emissions reporting program

India flag
Credit: Binusj | CC BY-SA 3.0

The voluntary emissions reporting program has been launched by the World Resources Institute India, the Confederation of Indian Industry, and The Energy and Resources Institute.

The founding member companies include Godrej & Boyce, HCC Limited, Ford Motor Company (India), Mahindra Sanyo Steel, Jet Airways, Tata Teleservices, Bayer Group, Infosys Technologies, Tata Chemicals, NTPC, ITC, Yes Bank, Cummins India, Forbes Marshall, JK Tyres, Shree Cements, United Technologies, Ambuja Cement and GAIL.

While most of the companies are from the private sector, it is heartening to see government-owned heavyweights like power generator NTPC and gas supplier GAIL to agree to report their emissions voluntarily.

Interestingly, Jet Airways, one of the leading airline operators in the country, has voluntarily agreed to report its emissions even though it was among the handful of airlines in the world not to have shared its emissions data with the European Commission under its emissions trading scheme.

Also interesting were the comments of the Director General of the Bureau of Energy Efficiency and the pioneer of the Perform-Achieve-Trade (PAT) scheme. This is an energy efficiency program based on the principle of cap-and-trade. Dr. Ajay Mathur said that his agency will be watching this program closely.

This would enable BEE to strengthen its own regulations regarding energy use in companies covered under the PAT scheme. A national or sectoral level emissions trading scheme would naturally be built on the foundations of the PAT scheme and this emissions reporting program.

Companies like ITC and Infosys Technologies are among the leading investors in the social and energy sustainability domain. ITC arguably has the most energy efficient hotels in the country, many of them equipped with solar panels and huge concentrated solar heaters. Infosys Technologies has announced a target to become carbon neutral by 2017.

While Indian companies have been investing in the renewable energy sector for quite some time now, the focus on greenhouse gas emissions is just picking up. Although not popular, India’s Bombay Stock Exchange had launched the CARBONEX, which includes some of the biggest companies in the country. The companies have been included in the index on the basis on the assessment of their reported emissions under the Carbon Disclosure Project (CDP). 
 
Get CleanTechnica’s 1st (completely free) electric car report → “Electric Cars: What Early Adopters & First Followers Want.”
 
Keep up to date with all the hottest cleantech news by subscribing to our (free) cleantech newsletter, or keep an eye on sector-specific news by getting our (also free) solar energy newsletter, electric vehicle newsletter, or wind energy newsletter.

 

Tags: , , , , , , , , , , , , , , , , ,


About the Author

currently works as Head-News & Data at Climate Connect Limited, a market research and analytics firm in the renewable energy and carbon markets domain. He earned his Master’s in Technology degree from The Energy & Resources Institute in Renewable Energy Engineering and Management. He also has a bachelor’s degree in Environmental Engineering. Mridul has a keen interest in renewable energy sector in India and emerging carbon markets like China and Australia.



  • Matt

    To improve you have to measure!

Back to Top ↑
  • Advertisements

  • Top Posts & Pages

  • Cool Cleantech Events

    Low Voltage Electrification Event, April 25-27. Detroit, Michigan (US)
    Delve deep into the benefits and challenges associated with EV power supply.

    Offshore Wind Market Development USA, May 11-12, Boston, Massachusetts (US)
    Network and establish your business in one of North America’s largest energy industries.

    Energy Storage USA, June 15-16, San Diego, California (US)
    Only event in the United States focused exclusively on the commercialization of storage.

    More details are on: Cleantech Events.

  • Advertisement

  • CleanTechnica Electric Car Report

    Electric Cars Early Adopters First Followers
  • Tesla Model 3 Review by EVANNEX

    Tesla Model 3 Review from EVANNEX
  • Tesla Model 3 Exclusive Video

    Tesla Model 3 Video
  • Tesla Model 3 Exclusive Pictures

    Tesla Model 3 Video
  • Tesla Model X Review #1 (Video)

    Tesla Model X Review from new owners Zach Shahan
  • Tesla Model X Review #2 (Pictures)

    Tesla Model X Review from Kyle Field
  • Tesla Model S Long-Term Review

    Tesla Model S Long Term Review from Kyle Field
  • Nissan LEAF Long-Term Review

    Nissan LEAF Long Term Review from Cynthia Shahan
  • Interview with Michael Liebreich

    Interview with Michael Liebreich
  • Interview with Akon (Teslas & Solar)

    Interview with Akon Tesla Model S Tesla Model X Solar Power Africa
  • Interview with Dr Nawal Al-Hosany

    Interview with Dr Nawal Al-Hosany
  • Interview with Gro Brundtland

    Gro Brundtland
  • Interview with President of Iceland

    President of Iceland Ólafur Ragnar Grímsson
  • Interview with Nick Sampson

    Faraday Future VP Nick Sampson
  • Interview with Dipal Barua

    Dipal Barua 1st ZFEP WInner
  • Interview with Jonathon Porritt

    Jonathon Porritt
  • Interview with Clint Wilder

    Interview with Clint Wilder
  • Interviews with Solar Impulse Pilots

    Bertrand Piccard Andre Borschberg
  • Check out more CleanTechnica Videos.

  • Join The Solar Revolution!

    Edison-solar-energy solar-energy-spill-nice-day
  • Cost of Solar Panels

    cost-of-solar-down
  • Search the IM Network


Shares