7 Indian companies among top 200 carbon clean firms

Posted on:20 Aug 2016 09:36:31

7 Indian companies among top 200 carbon clean firms
20 August 2016 Current Affairs: Seven Indian companies have made it to a carbon-clean list of 200 largest companies worldwide ranked by their total clean-energy revenues. The list is topped by Japan's Toyota Motor followed by Germany's Siemens AG. The ranking has been done by As You Sow and Corporate Knights.

Among Indian companies are Suzlon Energy at 68 rank for its wind farms

Bharat Heavy Electricals Ltd at 106 for its wind electric generators and solar cells, 

Tata Chemicals at 114 for chemicals for biodiesel, solar energy, and fuel cells. Thermax Ltd is at 139 

 Exide Indus at 153 for electric storage batteries. Besides, IDFC Ltd is at 155 for its green infrastructure financing and Havells India at 166 for energy meters.

Four Indian companies : Godrej Industries, NHPC Ltd, SJVN, and Bharat Electronics  have moved out of the rankings for being laggards and being utilities producing less than 50 per cent green energy.

The Carbon Clean 200 (Clean200TM)-a list of the 200 largest companies worldwide was created based on their total clean energy revenues. The report said it is intended as the clean energy inverse of the Carbon Underground 200TM. Where the Carbon Underground 200TM (which evolved from the Carbon Tracker Initiative report, Unburnable Carbon: Are the World's Financial Markets Carrying a Carbon Bubble), ranks the largest publicly listed companies by the carbon intensity of their coal, oil, and gas reserves.

The Clean200 ranks the largest publicly listed companies by their total clean energy revenues, "with a few additional screens to help ensure the companies are indeed building the infrastructure and services.

The ranking's methodology is aimed to calculate the performance of the Carbon Underground 200 versus the Clean200 versus the S&P 1200. A 'snapshot in time' analysis was used consisting of the current constituents of the Clean200 (July 1, 2016), S&P 1200 (July 1, 2016) and the most recent publicly available list of the Carbon Underground 200 (May 15, 2015).

The Clean200 are listed by their estimated green revenues in USD. The dataset is developed by multiplying a company's most recent year-end revenues by its BNEF New Energy Exposure Rating mid-point. 

In order to be eligible, a company must have a market capitalization greater than $1 billion (end of Q2 2016) and earn more than 10 per cent of total revenues from New Energy sources. 

The Clean 200 uses negative screens. It excludes all oil and gas companies and utilities that generate less than 50 per cent of their power from green sources, as well as the top 100 coal companies measured by reserves, top 100 weapons producers, as well as laggards on tropical deforestation 14 , and child or forced labour and companies who engage in negative climate lobbying.Below the Rank list of companies



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