India has ranked 5th among the countries surveyed for corporate commitments to science-based targets (SBT). The report found that investors are demanding better disclosure of climate change risk from Indian companies which has spurred better disclosure from India Inc.
Daily Current Affairs Quiz 2020
The Carbon Disclosure Project (CDP) India annual report, which examines carbon reduction activities of companies, shows a whopping 58 Indian companies, 98 per cent of the 59 firms surveyed between 2018 and 2019, have board-level oversight of climate-related issues. The report shows India is now the fifth country, and the first developing economy with maximum number of companies committing to SBT.