GreenCo Rating System

GreenCo Rating System

Part of: GS Prelims and GS-III- Environment Conservation

In News:

• GreenCo Rating, developed by Confederation of Indian Industry (CII), has been acknowledged in India’s Intended Nationally Determined Contribution (INDC) document, submitted UNFCCC in 2015
• It is being used as a proactive voluntary action of Indian industry / private sector towards combating climate change.
• The GreenCo rating assesses the firms on their environmental performance and thus aligns them to national priorities towards environment such as energy efficiency, water conservation, renewable energy, waste management, etc