The award is given by CSE in recognition of the rating achieved by industries on the basis of their environmental performance in various sectors covered under Green Rating Project.
Overall performance of Indian Cement plants.
| Green Rating for Chlor Alkali Sector | |||
| COMPANY | SCORE | RANK | |
The first green rating of the Pulp & paper sector ranked JK Papers as the best manufacturer of paper in the country.
The rating process provided us with the top automobile companies in the country.
Good environmental performance makes good business sense. And to support this rationale, CSE analysed the financial performance of the 28 firms that had been rated. The conclusion: there is a 60 per cent likelihood of a mill with fairly good environmental performance churning out profits.
There are broadly two categories of industries. Explained simply, one makes the final product the way we see them on the shelves and one supplies the raw material or intermediate product to make the final products. The manufacturing industry depends on the intermediary industry. The manufacturing industry is at the forefront, normally facing the brunt for any environmental pollution while the intermediary industry remains obscure from the public gaze.
The cement industry is a heavy weight of Indian industry. It is a darling of the stock market, a major contributor to GDP and the country's second-largest taxpayer. The industry poses many environmental challenges from mining to waste disposal. The industry has a unique opportunity to address these challenges without hurting the bottom line.
NO! Automobile sector has fared badly. Under the project rating scale, we were to award five leaves award to the best company. But sadly no auto company deserved this honour. The best company got less than 45 per cent marks getting a mere three leaves award. But the sector as a whole got even lesser, scoring 31.4 per cent, deserving only two leaves award.
The Green Rating Project (GRP) is an effort to rate industrial units within a specific sector on the basis of their environment friendliness. The project aims at encouraging companies to adopt better environment management policies. Environment risk liability is an issue that is gaining increasing attention in Indian company’s boardroom.