The index presents 187 listed companies identified as demonstrating a superior approach to climate change mitigation. It has been produced at the request of 767 investors who represent more than a third of the world's invested capital by CDP, the international NGO that drives sustainable economies.
Information provided by nearly 2,000 listed companies has been independently assessed against CDP's scoring methodology and ranked accordingly. Wipro is one of the 187 that has been awarded an A grade for its climate performance, earning a position on this global ranking of corporate efforts to mitigate climate change. Wipro also leads the Climate Disclosure Leadership Index in India for the second year in a row.
"Climate change is a defining challenge of this century to which all stakeholders must rise up. At Wipro, we have a strategic approach in place which we carefully calibrate as we go along. Our approach emphasises a whole range of initiatives from green building design to renewable energy, higher equipment efficiency and IT virtualisation," said Anurag Behar, chief sustainability officer at Wipro.
Climate performance leaders of The A List index are investing to reduce their greenhouse gas emissions and collectively have reduced their total emissions by 33 million metric tons in the past reporting year, whilst also achieving impressive financial results. In this way, the leaders illustrate that a low carbon future does not mean low profit.
CDP performance scores provide a tool for institutional investors and stakeholders to evaluate and track corporate efforts to mitigate climate change. Scores are communicated to investors and other decision makers through various channels, including Bloomberg terminals, to help them assess corporate preparedness for changing market demands and emissions regulation.
"Global greenhouse gas emissions continue to rise and we face steep financial risk if we do not mitigate them. The business case for action to mitigate climate change has never been stronger or more urgent. For this reason we congratulate those businesses that have achieved a position on The A List. These companies are responding to market demand for environmental accountability and at the same time are making progress towards the realisation of sustainable economies," Paul Simpson, chief executive officer of CDP, comments.
View the full A List:CDP Climate Performance Leadership Index 2014
