Godrej Industries Limited (chemicals) has been ranked on the leadership index in the CDP’s Climate Disclosure Index 2023. The company was ranked on the basis of public disclosure of targets, strong governance structure, risk management strategies and measures implemented to mitigate the impacts of climate change. Godrej scored higher on scope 3 emissions and climate change opportunities disclosure, which helped in scoring “A-” in climate change disclosures.
CDP is a global non-profit environmental disclosure platform. As per the press release, Godrej Industries Limited (Chemicals) is one of the few Indian companies who have made it to the leadership index. The brand has taken several initiatives in the past few years towards achieving environmental sustainability targets.
Some of the key initiatives include:
*Complete mapping and monitoring of Scope 3 emissions
*Over 68% of energy from renewables
*Reduced specific emissions per ton of product by 66% from FY12
Nadir Godrej, Chairman and Managing Director, Godrej Industries Limited said, “We are happy that Godrej Industries Limited (Chemicals) has received excellent ratings from CDP. As we grow globally, leaving a smaller footprint of our products will make a big difference in fighting climate change. This recognition of our efforts further encourages us to continue making progress in our sustainability journey”.
Vishal Sharma, Chief Executive Officer, Godrej Industries Limited added, “Our ethos is rooted in improvement, ensuring that our growth is linked to sustainable practices. The way we run and do business is as important as why we do business. This recognition underscores our belief that people, planet, and profit can be simultaneously served by thoughtful sustainable strategies. Thanks to our teams we are constantly strengthening our environmental performance and we will work consistently on improving and setting industry benchmarks”.
