It is reported that Confederation of Indian Industry is forming a high level group comprising 70 to 80 industry experts and environment experts to develop a green rating system. Under this, companies will be eligible for rating after being ‘green certified’ by the Central Pollution Control Board and State Pollution Control Board.
The companies will also have to secure a minimum of 400 points out of 1,000 to be able to participate in the rating system. The committee will be chaired by a senior industrialist.
Mr S Raghupathy senior director and head of CII Godrej GBC (Green Building Centre told Business Standard “Our decision to launch this index was taken last week and is based on our experience with rating of green buildings, in which currently 428 buildings have been rated. While rating green buildings, we only rank their exterior but while rating companies, we will take into account their manufacturing processes.”
The CII ratings follow similar exercises by the likes of the Greenpeace ‘Guide to Greener Electronics’, which rates leading manufacturers on their global policies and practice on eliminating harmful chemicals.
CII on its part will cover all sectors of the economy like paper, sugar, chemical, cement, metal industry, power plants, automobiles and engineering, textiles, fertilizers and refineries, the services sector and the transportation sector, and rank them on an index comprising five levels and 1,000 points.
Initially, 20 to 30 companies will take part in the index on a voluntary basis for a pilot study. The index, to be launched by mid 2010 will rank the companies’ manufacturing processes on the basis of 10 criteria natural resources consumption, energy efficiency, greenhouse gas emission, water consumption and rain water harvesting, carbon emissions, toxicity, green supply chain, product stewardship, lifecycle analysis and green procurement.
