According to reports, the objective of GreenCo rating system is to create a framework to define and assess how Green the company is and highlight the way forward on how to turn Greener.
Currently, 14 companies have been GreenCo rated, out of the total of 37 registered companies. Apart from this, more than 70 companies are working on this rating system. Tata’s Bombay House building is one of the GreenCo rated buildings.
“We have generated 21mw power with the help of wind energy and utilised six million units of this power at our plants at Satara and Supa. It is a catalyst for greening the Indian Industry. It has benefits like cost reduction opportunity by increasing efficiency, boosts green corporate image, helps to achieve world class performance and competitiveness.
The entire rating process goes through three phases — training, feasibility study and assessment programme — and it is valid for three years, “ said Anil Kumar Sinha, chairman – GreenCo Forum, Pune Chapter & vice president – manufacturing operations, PVBU, Tata Motors, Pune.
The GreenCo Rating System, an initiative of the CII Green Building Centre formally launched last year to check if companies were environment-friendly. The rating is based on nine parameters — 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 relatively new concept for India Inc, many companies have started adopting measures to integrate environmental concerns in their businesses to improve performance and competitiveness. We are targeting to bring around 100 companies under the programme by the end 2015,” added Sinha.
The rating programme is a voluntary initiative that seeks commitments from companies in manufacturing and services sectors to optimally use natural resources starting from production to waste disposal.
The initiative, started as a pilot in February 2011 and was formally launched in March last year. Of the 50 companies that volunteered, it has rated 14 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.