Industrial green rating

INDUSTRIAL GREEN RATING

SATPAL

Environmental Engineering

Introduction

The economy in the country doubled between 1975 and 1995, the

industrial pollution load grew 4 times.

The growing pollution led to a spate of legal cases and people’s

protests threatening industrial investments.

Green rating is an estimate of an industry’s environment

friendliness.

It assesses the adverse impact on environment caused by an

industry’s activities and methods adopted by an industry to

minimize the damage.

Green Rating of industries help them to improve their environmental

performance.

The rating is arrived at after considering industry’s current processes

and technology and their impact on the environment, adoption of

clean technology and various processes adopted for mitigating

adverse impact on environment.

Industrial Green Rating includes various pollution sources like

Air pollution, Water pollution, garbage, and pollution of the

natural environment.

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Objectives

The objective of the Industrial Green Rating Projects is to

guide the Indian industries towards improving the

environmental impacts of industries.

The project aims at encouraging companies to adopt better

environment management policies.

Environment risk liability is an issue that is gaining increasing

attention in Indian company’s boardroom.

Some other objectives are:

To monitor the existing environmental performance of

companies and influence the future industrialisation in the

country.

To aid in better regulation of industrial pollution by regulatory

authorities and,

To aid in better formulation of policies by the government

leading to sustainable development of Indian industries.

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Industrial Green Rating Project

The rating process has influenced the environmental performance of the

companies in a number of ways.

GRP benchmarks the environmental performance of a company on the

basis of theoretical best practice.

Even the best available technology does not fetch full marks for a

company, as there might be scope for further improvement.

Based on the assessment, GRP proposes concrete recommendations for

each industry sector after the rating is over.

These recommendations provide the basis for selecting the parameters

on which improvements made by industry can be monitored and

measured.

Source: http://www.cseindia.org/programme/industry/green_rating.htm

The age-old concept of inverse relationship between

environment and economy has become obsolete.

Today a company with better environment practices is more

likely to improve its bottom-line than its not so

environmentally conscious competitors.

Source: Centre for science and environmental

Benefits of Green Rating

An independent third party evaluation about environment

friendliness

Mitigation of environmental risk: It reduces the risk associated with

the stringent environmental norms that is becoming stricter

Self assessment tool: Green Rating is a self assessment tool that

can be used to identify areas of improvement

Creating awareness: Green Rating awarded by an independent

agency improves the visibility of MSME in the eyes of various

stakeholders like buyers, suppliers, collaborators/ partners etc

Methodology and the Rating Process

Data collection and dissemination: The project involves

comprehensive data collection on all aspects of the Indian

industry. This is made available to the public through publications,

website, etc.

Environmental performance analysis and rating: Sector-

specific rating criteria are developed to benchmark the companies

for their environmental performance.

Education and awareness rising: The project includes an

environmental awareness programme with special emphasis on

management graduates, environmental managers and

government officials. Training workshops covering media,

regulatory authorities, industry and financial institutions are also a

part of this programme.

Advocacy: After every rating, CSE recognises outstanding

environmental performers and highlights companies with poor

environmental performance as well. It also plans to push for the

introduction of fiscal and environmental policy to support

sustainable development.

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Discussion

Industrial Green Rating Process is one of the good examples

of role of civil society and non governmental organization in

improving industries’ environmental performance and good

environmental governance.

It Create awareness in industries to minimise the

environmental damage, and

It Improve the environment performance of companies.

Best way to handle the Environmental Pollution by Industries.

References

SME Rating Agency of India, “Green Rating”

http://www.cseindia.org/programme/industry/green_rating.htm

http://smallb.sidbi.in/

Thank

You

Environmental care is the most

profitable investment