UltraTech Cement announced that it has been identified as an Indian leader for the quality of climate change-related information that it has disclosed to investors and the global marketplace through CDP India, a not-for-profit organisation that drives sustainable economies. As a result, UltraTech Cement has been awarded a position on the Indian Climate Disclosure Leadership Index (CDLI), released this week in the India climate change report.
The Indian cement major said it has earned its position on the index by disclosing high quality carbon emissions and energy data through CDP’s climate change program. The reported data has been independently assessed against CDP’s scoring methodology and marked out of 100. Those organisations scoring above 90 in the disclosure scoring constitute the CDLI. UltraTech Cement has scored 95.
“UltraTech has been participating in the CDP Climate Change Program since 2013. This has helped us to better understand and manage the risk and opportunities arising out of climate change and integrate them in our decision-making process. Inclusion of UltraTech Cement in the Climate Change Disclosure Leadership Index of CDP India is a recognition of our commitment to climate change,” says Mr OP Puranmalka, managing director of UltraTech Cement Ltd.
At the request of 822 investors who represent US$95trn in assets, thousands of companies submit annual climate disclosures to CDP. Top scores indicate a high level of transparency in the disclosure of climate change-related information, providing investors with a level of comfort to assess corporate accountability and preparedness for changing market demands and emissions regulation, UltraTech noted in a statement.
Paul Dickinson, executive chairman and co-founder of CDP, comments: “As the world looks beyond the Paris climate change negotiations and prepares for a low carbon future, reliable information about how companies are responding to the transition will be evermore valuable. For this reason we congratulate those businesses that have achieved a position on CDP’s Climate Disclosure Leadership Index.”
Damandeep Singh, director, CDP India adds, “It is heartening to note that Indian companies are constantly improving their rankings while disclosing vital climate change information to the world in order for the investors and policymakers to make informed decisions.”