(Image source from: 5 Indian companies find place in global green list})

India is flying high with Prime Minister Narendra Modi. At a time when the entire world seems to be eager to welcome India, five Indian companies have made the country proud by finding a place for themselves in the global green list.

Tata Consultancy Services, Wipro, Larsen and Toubro, Tech Mahindra and Essar Oil have featured among the top global companies in the Carbon Disclosure Report (CDR) 2014 for doing business in a sustainable manner in 2013. The report was released on Wednesday.

The CDR was conducted over top 2,000 companies following requests from 767 investors, who comprise over one-third of the world’s invested capital. Companies were analysed based on voluntary disclosure from them. Around 200 Indian companies had taken part in the study.

CDR India issued a statement saying that its praiseworthy that five Indian companies have made it into the Global A-list in terms of global ranking.

It's especially impressive as the Indian companies are at par with Australia and Canada and have fared better than any other emerging economies, except South Africa, added the statement.

In India, a similar report was released that showed energy efficiency as being a key indicator for companies to keep their carbon emissions under check. Out of the 200 Indian companies, it was found that more than 60% of the surveyed companies were introducing process energy efficiency initiatives. This has helped 24% of the companies to reduce their absolute emissions. Another  26% of the companies have managed to reduce the emissions intensity without affecting business growth and profitability.

Damandeep Singh, director, CDP India says that the report clearly demonstrates a strong commitment from Indian companies to move towards higher energy efficiency, resulting in positive action to address climate change. The study also highlights the importance of a strong regulatory environment towards attracting higher investment levels.

(AW: Pratima Tigga)