The Green Rating Project (GRP) is an effort to rate industrial units within a specific sector on the basis of their environment friendliness. The project aims at encouraging companies to adopt better environment management policies. Environment risk liability is an issue that is gaining increasing attention in Indian company’s boardroom.
Reasons for pro-activeness:
International financial institutions and investors are keen to know more about the potential liability they could be involved in by investing in emerging markets like India, which lacks in environmental commitments. Investors associate poor social and environmental performance with financial risks and liabilities.
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.