Excelling in Carbon Disclosure Leadership Index
Essar Oil (EOL) outperformed all previous achievements when it was ranked second All-India in the Carbon Disclosure Leadership Index (CDLI) in the CDP (Carbon Disclosure Project) India 200 Climate Change Report 2013 that ranks the top 200 companies by market capitalisation.
CDP is a UK-based Global Carbon index that has pioneered a global system which collects information about corporate behaviour on climate change. The CDLI score is the benchmark to assess an organisation’s standing on carbon management. This methodology provides for the analysis of Company responses in terms of both disclosure and performance as to the Company’s contribution to action on climate change mitigation and adaptation.
Scoring 92 points out of 100, EOL was the only Energy / Oil and Gas sector company to have appeared in the top 20 CDLI list in 2014. EOL’s rank is particularly significant in view of the fact that EOL is in a high emission business. Considering the challenges associated with Vadinar’s enhanced complexity (which increases emissions), as well as the additional emissions from coal-based power generation, we have still been able to significantly outperform our previous year’s ranking and enhanced our score from 72 in 2013, to 92 in 2014.