Greenco Rating System

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News:GreenCo Rating has been acknowledged in India’s Intended Nationally Determined Contribution(INDC) document submitted to the United Nations Framework Convention on Climate Change(UNFCCC) in 2015.

Facts:

About GreenCo Rating:

  • GreenCo Rating has been developed by the Confederation of Indian Industry(CII).
  • Aim:To facilitate companies to make a substantial improvement in their environmental performance thereby saving both natural and financial resources.
  • Under this,companies are evaluated on major environmental areas including- energy efficiency, renewable energy, water conservation, waste management, resource conservation, green supply chain and life cycle assessment.

Additional information:

About CII:

  • Confederation of Indian Industry (CII) is a non-government, not-for-profit, industry-led and industry-managed organization founded in 1895.
  • It works to create and sustain an environment conducive to the development of India, partnering industry, Government and civil society, through advisory and consultative processes.