UltraTech Cement recognized for transparency in climate change disclosure
Mumbai 04 th Nov, 2015
UltraTech Cement 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 organization that drives sustainable economies. As a result, UltraTech Cement has been awarded a position on the Indian Climate Disclosure Leadership Index (CDLI), released today in the India climate change report. The news comes three weeks ahead of COP21, the UN climate change conference, when national leaders meet to agree a global deal to reduce carbon emissions and limit temperature warming.
UltraTech Cement 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 organizations 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 O P Puranmalka, managing director, UltraTech Cement Ltd.
At the request of 822 investors who represent US $95 trillion 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.
Paul Dickinson, executive chairman and co-founder of CDP says: “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.”
CDP’s annual climate change report, along with the climate scores of all companies publicly taking part in CDP’s climate change program this year, is available on CDP’s website.
Note to Editor:
“UltraTech Cement Limited, an Aditya Birla Group cement major, is among the leading producers of cement in the world and the largest in India with a capacity of 67.6 million tonnes. With over US $ 3.5 billion in revenues and anchored by more than 14000 employees, UltraTech has 12 integrated units, 14 grinding units and 6 bulk terminals in India. Overseas, UltraTech has 2 grinding units and 1 clinkerisation plant in UAE, 1 grinding unit each in Bahrain & Bangladesh, and a bulk terminal in Sri Lanka. It is also the largest producer of white cement, wall care putty and Ready Mix Concrete in India. UltraTech offers solutions for the construction industry with its presence in building products -- dry mix mortar, concrete blocks and water proofing. A consumer validated Superbrand, UltraTech stands for premium quality, reliability, green technology and innovation, making it the choice of every discerning engineer and customer.”