Infosys, Wipro And HCL Among Top Ten Greenest Firms
Bangalore: In a recent survey led by Environmental Investment Organization (EIO), India’s Infosys, HCL and Wipro have placed themselves among the top ten, with fourth, fifth and sixth positions respectively, among other 300 companies of the BRICS (Brazil, Russia, India, China and South Africa) countries. The companies were tracked based on least green house gas emissions and transparency factors.
The survey also noted that 61 percent of the companies in the five BRICS countries (Brazil, Russia, India, China and South Africa) did not disclose their carbon emission details.
Topping the list is Brazil’s alternative energy company(name?), followed by Vodacom group of South Africa and Lenovo of China. Other firms in the list include Brazil’s BMF Bovespa in the seventh place, followed by China’s Hong Kong Exchanges and Clearing, Brazil’s Natura and China’s Hopewell holdings in the top ten.
The report has also pointed out key findings related to green house gas emissions. Firstly the public disclosure of these leading BRICS companies is inconsistent as less than 20 percent of them adopt the right principles of gas emissions. Secondly, no company has reported emissions across its entire value chain, (which includes sources such as business, travel, transportation and investments) indirectly owned or influencing the company.
Asian Paints has taken the last place for high emission intensity. Other Indian companies include Jaiprakash Associates in the 293rd position and Grasim Industries in the 298th position. This seems like a wakeup call for India as CEO of EIO, Sam Gill says that it would be a ‘source of unmeasured risk’ for companies.