GreenCo Rating to asses companies on ‘greenness’
The rating system: GreenCo rating system seeks to create a framework to define and assess how Green the company is and highlight plans on how to turn Greener. Out of the total of 37 registered companies, 14 companies have been GreenCo rated. Moreover, around 70 companies are working on this rating system.
Tata benefitting from the ratings system: Tata’s Bombay House building is one of the GreenCo rated buildings. Anil Kumar Sinha, chairman – GreenCo Forum, Pune Chapter & vice president – manufacturing operations, PVBU, Tata Motors, Pune points out that they have generated 21mw power with the help of wind energy and utilised six million units of this power at the plants at Satara and Supa. The benefits, he says, are many — cost reduction opportunity by increasing efficiency, boosting green corporate image, helping to achieve world class performance and competitiveness. There are three phases in the entire rating process — training, feasibility study and assessment programme. It is valid for 3 years.
Parameters of ratings: The rating system is an initiative of the CII Green Building Centre. It checks if companies are environment-friendly. Nine parameters are used for ratings — energy efficiency; water conservation; use of renewable energy, mitigation of greenhouse gas emissions, conservation and recycling of materials; waste management; establishment of a green supply chain, product stewardship and lifecycle assessment. It is, of course, new for companies in India. The target is to bring 100 companies under this programme.
Companies under the initiative: It is a voluntary initiative seeking commitments from companies in manufacturing and services sectors to optimally use natural resources. Started as a pilot in February 2011, the initiative was formally launched in March last year. So far 14 companies have been rated including the Bangalore International Airport, ACC, ITC (Bhadrachalam), Karnataka-based Vasavadatta Cement and JK Tyre, Pune based Tata Motors, Cummins India, Kirloskar Oil Engines and Kirloskar Brothers.
Source: Business Standard
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