GreenCo Rating

The CII GreenCo Rating System stands as a pioneering and a first-of-its-kind framework that recognizes and facilitates the growth of top-notch green companies in India. It was launched in 2011 and developed as a voluntary standard through extensive stakeholder consultation. The rating system reflects the collective wisdom and expertise of industry leaders, policymakers, and environmental experts. This collaborative effort ensures that the framework encompasses diverse perspectives and addresses the evolving needs of industries in achieving sustainability.

GreenCo Council

The GreenCo Council is a prominent body consisting of senior industry experts dedicated to promoting green practices in the country. With a mission to drive sustainability and environmental stewardship, the council plays a pivotal role in guiding the activities of the GreenCo rating system and shaping the development of the GreenCo certification. Comprising eminent leaders from various industries and subject matter experts, the GreenCo Council brings together a wealth of experience and knowledge. These individuals are recognized for their expertise in sustainability, environmental management, and corporate responsibility. The council effectively leads and influences the adoption of green practices across sectors by leveraging their collective wisdom. Its role extends beyond mere oversight, as it actively advises on the governance of the rating system and ensures its effectiveness in delivering the mission of GreenCo. The annual board meeting held during the GreenCo Summit reinforces the significance of the council's role in steering the course of GreenCo and highlights the commitment to continuous improvement and collective action.

GreenCo rating System

The objective of GreenCo is to assist companies in improving their environmental performance in a comprehensive manner and go beyond sheer compliance. The GreenCo Rating System embraces a life cycle approach that focuses on ten key performance areas namely energy efficiency, renewable energy, water conservation, greenhouse gas emissions reduction, waste management, material conservation, recycling & recyclability, green supply chain, product stewardship & life cycle assessment, innovation for environment and green infrastructure & ecology. These areas provide a framework for evaluating and enhancing sustainability practices across industries. The rating system categorizes companies based on their total score, from Platinum+ to Certified, providing recognition and motivation for continual improvement.

A key strength of the GreenCo Rating System lies in its alignment with national and international environmental goals and commitments. Recognizing the importance of collective action, the system ensures that industry efforts are in sync with broader sustainability agendas and the Sustainable Development Goals (SDGs). The system provides a platform for companies to measure their progress against national and international benchmarks and contributes to the broader sustainability agenda, which is to drive continuous improvement in their environmental practices.

GreenCo goes beyond traditional environmental performance evaluation by adopting a holistic approach that encompasses various aspects of sustainability. Rather than focusing solely on compliance with regulations, GreenCo promotes the adoption of newer initiatives and practices that drive sustainability. It facilitates the implementation of concepts like Life Cycle Assessment (LCA), Green Supply Chain (GSC) practices, Net Zero strategies, water positive approaches, Zero Waste to Landfill (ZWTL) programs, and biodiversity conservation efforts. By incorporating these initiatives into the evaluation process, GreenCo encourages companies to embrace innovative approaches and stay ahead of evolving sustainability challenges. Furthermore, GreenCo goes beyond a one-time evaluation by fostering continuous improvement. 

**Source: www.greenco.in