The Sustainability Index Programme is supported by the Ministry of Environment & Forests (MoEF) and the United Nations Development Programme (UNDP).
The project was conceived in the mid- 1990s when Centre for Science and Environment (CSE) director Anil Agarwal visited the United States. He read about the work of a non-governmental organisation (NGO) called the Council of Economic Priorities (CEP), which rated the social and environmental performance of industries in the US.
The award is given by CSE in recognition of the rating achieved by industries on the basis of their environmental performance in various sectors covered under Green Rating Project.
Overall performance of Indian Cement plants.
| Green Rating for Chlor Alkali Sector | |||
| COMPANY | SCORE | RANK | |
The first green rating of the Pulp & paper sector ranked JK Papers as the best manufacturer of paper in the country.
The rating process provided us with the top automobile companies in the country.
Good environmental performance makes good business sense. And to support this rationale, CSE analysed the financial performance of the 28 firms that had been rated. The conclusion: there is a 60 per cent likelihood of a mill with fairly good environmental performance churning out profits.
There are broadly two categories of industries. Explained simply, one makes the final product the way we see them on the shelves and one supplies the raw material or intermediate product to make the final products. The manufacturing industry depends on the intermediary industry. The manufacturing industry is at the forefront, normally facing the brunt for any environmental pollution while the intermediary industry remains obscure from the public gaze.
The cement industry is a heavy weight of Indian industry. It is a darling of the stock market, a major contributor to GDP and the country's second-largest taxpayer. The industry poses many environmental challenges from mining to waste disposal. The industry has a unique opportunity to address these challenges without hurting the bottom line.