GAIL emerges highest ranking PSU in Carbon Disclosure Leadership Index
Secures 98 out of maximum 100, an increase of 12 points in one year
New Delhi, November 6, 2015: GAIL (India) Limited has emerged the highest ranking company among the country’s Public Sector Undertakings, and third overall, in the ‘Carbon Disclosure Leadership Index (CDLI)’ released by Carbon Disclosure Project (CDP)-India.
GAIL, India’s premier natural gas company, got a score of 98 out of maximum 100 in CDLI which was released at the Bombay Stock Exchange. GAIL showed a remarkable increase of 12 points from last year’s score which was a result of dedicated efforts of the company to be a responsible corporate especially in the area of climate change.
CDP India’s Climate Change 2015 report analyses the key trends coming out of the analysis of the responding Indian companies. The CDLI disclosure score assesses the completeness and quality of a company’s response. A high disclosure score signals that a company provided comprehensive information about the measurement and management of its carbon footprint, its climate change strategy and risk management processes and outcomes.
The CDP India Climate Change 2015 Report will be shared in the India Pavilion of Conference of Parties (COP) 21 to be held in Paris later this month. It will be attended by Heads of States and Governments across the globe including Hon’ble Prime Minister Shri Narendra Modi. CDP is the only global natural capital disclosure system which is the most comprehensive collection of Corporate Climate Change Information. CDP India has been acknowledged in India’s commitment towards mitigation and adaptation of climate change specified in the INDC (Intended National Determined Conference).
Shri Prakash Javadekar, Hon’ble Minister of State (Independent Charge) Environment, Forest & Climate Change complemented the report saying, “Indian companies have indeed understood the mantra of sustainability growth – that going green makes sound business sense”.
The release of the report was followed by an interactive panel discussion attended by Sustainability Heads of top ranking CDLI Companies. Speaking on the occasion, Shri Santanu Roy, General Manager (Corporate Planning), GAIL said the company is tackling climate change through converting regulation risks into opportunities. He outlined how natural gas can play a significant role in India’s quest for Energy security. He also mentioned that going forward, GAIL would like to play a leading role in collaborating with other Indian oil and gas players for making positive impact of the sector specific sustainability and climate change.
Photo caption: Shri Santanu Roy, General Manager (Corporate Planning), GAIL (on the left) speaking at the release of the CDP India Climate Change 2015 Report in which GAIL (India) Limited emerged as the highest ranking company among the country’s PSUs, and third overall, in the Carbon Disclosure Leadership Index (CDLI)