CDP (Carbon Disclosure Project) India has observed a 13% increase in the number of Indian companies, including Reliance Jio Infocomm Ltd, who responded to climate change questionnaire between 2018 and 2019.
According to CDP annual report, growing climate activism and band of climate-conscious investors have ensured that almost all leading companies have now set up committees and members looking after addressing climate risk.
“Scores of investors are actively engaging companies to disclose their climate risk and helping them to do better. This can only benefit the companies through green innovation and help clean up our environment,” said Damandeep Singh, CDP India Director.
“The unlikely duo of world’s teenagers and investors seem to be pushing the world, we now need to pick up the pace,” he said.
Top managements have integrated climate concerns in performance evaluation of key personal with nearly 90% (53) providing incentives to senior staffers to help meet targets, 71% (42) providing monetary rewards and 37 giving non-monetary rewards for recognising, monitoring and overseeing progress in climate-related targets.
“We are delighted that Jio has joined the growing group of companies who are evaluating and disclosing their climate risk. We hope that the flagship Reliance Industries will also disclose in the coming year,” Damandeep Singh.