New Delhi: Sixty-one per cent of the companies in the five BRICS countries - Brazil, Russia, India, China and South Africa - do not publicly disclose their carbon emission details, according to a survey by Environmental Investment Organisation (EIO), a UK-based climate change and finance think tank.
In the EIO survey, three Indian companies - Infosys (fourth), HCL Technologies (fifth) and Wipro (sixth) - have emerged among the top 10 companies with least emissions. This is part of a ranking of the 300 largest companies in the BRICS region, taking into account greenhouse gas emissions and transparency factors.
Brazil's alternative energy company, Cemig, tops the list of Environmental Tracking (ET) BRICS 300 Carbon Ranking, followed by Vodacom Group of South Africa and Lenova of China. The other firms among the top 10 list are Brazil's BMF Bovespa (seventh), China's Hong Kong Exchanges & Clearing (eighth), Brazil's Natura (ninth) and Chinese firm Hopewell Holdings.
The new study also shows that large quantities of emissions are not being accounted for. Public disclosure of greenhouse gas emissions among the leading BRICS companies is highly inconsistent, with less than 20 per cent of entities correctly adopting the basic principles of greenhouse gas emissions reporting, the study points out.
The other key finding is that no company in the BRICS 300 Ranking fully reports emissions across its entire value chain. Scope 3 (value chain) emissions include greenhouse gas emissions from sources not owned or directly controlled by the company, but over which it has influence. It includes categories such as business travel, transportation and distribution, and investments.
Among the 300 companies, Asian Paints has ended up last with no public data and with a high emission intensity, according to EIO. The other Indian companies that constitute the bottom 10 list are Jaiprakash Associates (293rd) and Grasim Industries (298th).
"This ought to be a wakeup call for companies. Since the majority of total corporate emissions often come from Scope 3 sources, large quantities of emissions are not being accounted for. Not only could this be a source of unmeasured risk for companies, but it also means we are not getting the full picture in terms of corporate emissions. This is precisely why the Carbon Rankings are designed to encourage Scope 3 disclosure," says Sam Gill, chief executive officer at the Environmental Investment Organisation.
These rankings are compiled from publicly available emissions data taken from company sustainability reports, annual reports, and websites.
Success in my Habit
Showing posts with label CHINA. Show all posts
Showing posts with label CHINA. Show all posts
Wednesday, May 1, 2013
India signs pact with China to boost handicraft exports
New Delhi: India and China have signed a memorandum of understanding for promotion of exports of Indian handicrafts.
A high-level delegation led by Zohra Chatterji, Secretary, Textiles, visited China for increasing handicraft trade and brand image promotion of Indian handicrafts and textiles in the Chinese market.
An MoU was signed between the Export Promotion Council for Handicrafts and the China Council for the Promotion of International Trade (CCPIT) to explore the possibilities of enhancing handicrafts from India to important markets of China.
The MoU will focus on promotion of exports of products such as ethnic and contemporary furniture, wooden handicrafts including furniture from Jodhpur and Saharanpur, imitation jewellery and fashion jewellery and art metalware from Moradabad.
India will also organise the first exclusive exhibition of Indian handicrafts in China.
Further exchange of techniques, craft exchange programmes and Reverse Buyer Seller Meets will also be organised by both the countries.
The delegation also held meetings with Shanghai Textile Association, Shanghai Textile Trade Association, Shanghai Import & Export Chamber and Shanghai Mart.
A high-level delegation led by Zohra Chatterji, Secretary, Textiles, visited China for increasing handicraft trade and brand image promotion of Indian handicrafts and textiles in the Chinese market.
An MoU was signed between the Export Promotion Council for Handicrafts and the China Council for the Promotion of International Trade (CCPIT) to explore the possibilities of enhancing handicrafts from India to important markets of China.
The MoU will focus on promotion of exports of products such as ethnic and contemporary furniture, wooden handicrafts including furniture from Jodhpur and Saharanpur, imitation jewellery and fashion jewellery and art metalware from Moradabad.
India will also organise the first exclusive exhibition of Indian handicrafts in China.
Further exchange of techniques, craft exchange programmes and Reverse Buyer Seller Meets will also be organised by both the countries.
The delegation also held meetings with Shanghai Textile Association, Shanghai Textile Trade Association, Shanghai Import & Export Chamber and Shanghai Mart.
Thursday, October 25, 2012
Six Indian energy firms in Platts’ top 50 global rankings
New Delhi: Indian firms have pride of place at the 2012 Platts Top 250 Global Energy Company RankingsTM.
Of the 12 Indian companies represented in the 250, six are have also made to the list of top 50 fastest growing companies.
All eyes were on China, India and the wider Asia-Pacific region when it came to rapid financial growth and fast rising energy companies. A statement said that 70 companies from the region were in the spotlight when the 2012 Platts 250 Global Energy Companies Rankings were released in Singapore on Tuesday.
According to Platts, Cairn India took the top slot as the fastest-growing company not just in Asia but the world. With a 119.8 per cent three-year compounded growth rate (CGR), Cairn India was far ahead in the field.
The 2012 rankings reflect fiscal 2011 financial performance in four key areas: asset worth, revenues, profits and return on invested capital (ROIC).
Indian companies surged ahead in both the independent power producers (IPP) and gas utility categories, with NTPC Ltd and GAIL (India) topping their respective regional segments, Platts ranking showed.
A surprise entry at number two in ROIC rankings was Coal India Ltd with 35.3 per cent, it said. A new entrant to the rankings in 2010, when the company listed, Coal India has posted strong returns on invested capital in both years, an achievement given the challenges it faces, Platts said
China continues to grow in the energy business with 23 Chinese companies on the 2012 roster, giving it more companies in the Top 250 than any other country, except the US.
PetroChina Company Ltd took over the 9th position and China Petroleum & Chemical Corp acquired the 12th position in the global Top 250 list.
However, in an East-West comparison, Western majors still reign the rankings. Western companies took all top 10 spots on the 2012 list, except for one – ninth place – which went to PetroChina Co Ltd.
ExxonMobil retained the number one spot of the Top 250 roster for the eighth consecutive year. Anglo-Dutch major Royal Dutch Shell moved up from sixth position to second, displacing US major Chevron to third. ConocoPhillips dropped one place from seventh to eighth.
Of all the Indian companies in the top 250, Power Grid Corp improved its overall ranking, rising from 232 {+n} {+d} in 2010 to 172 {+n} {+d} in 2011. Other significant moves include a rise of 21 places for power producer NHPC Ltd to 195 {+t} {+h} {+.}
Among electric utilities, Reliance Infrastructure Ltd gained 17 places to 215 {+t} {+h}.
“India’s enormous growth in energy demand has led to its rise as the emerging energy leader on the global front,” said Vandana Hari, Asia Editorial Director, Platts. “Although these represent the bright spots for financial performance in 2011, 2012 may prove more challenging for India’s power generators,” she added. richa.mishra
Of the 12 Indian companies represented in the 250, six are have also made to the list of top 50 fastest growing companies.
All eyes were on China, India and the wider Asia-Pacific region when it came to rapid financial growth and fast rising energy companies. A statement said that 70 companies from the region were in the spotlight when the 2012 Platts 250 Global Energy Companies Rankings were released in Singapore on Tuesday.
According to Platts, Cairn India took the top slot as the fastest-growing company not just in Asia but the world. With a 119.8 per cent three-year compounded growth rate (CGR), Cairn India was far ahead in the field.
The 2012 rankings reflect fiscal 2011 financial performance in four key areas: asset worth, revenues, profits and return on invested capital (ROIC).
Indian companies surged ahead in both the independent power producers (IPP) and gas utility categories, with NTPC Ltd and GAIL (India) topping their respective regional segments, Platts ranking showed.
A surprise entry at number two in ROIC rankings was Coal India Ltd with 35.3 per cent, it said. A new entrant to the rankings in 2010, when the company listed, Coal India has posted strong returns on invested capital in both years, an achievement given the challenges it faces, Platts said
China continues to grow in the energy business with 23 Chinese companies on the 2012 roster, giving it more companies in the Top 250 than any other country, except the US.
PetroChina Company Ltd took over the 9th position and China Petroleum & Chemical Corp acquired the 12th position in the global Top 250 list.
However, in an East-West comparison, Western majors still reign the rankings. Western companies took all top 10 spots on the 2012 list, except for one – ninth place – which went to PetroChina Co Ltd.
ExxonMobil retained the number one spot of the Top 250 roster for the eighth consecutive year. Anglo-Dutch major Royal Dutch Shell moved up from sixth position to second, displacing US major Chevron to third. ConocoPhillips dropped one place from seventh to eighth.
Of all the Indian companies in the top 250, Power Grid Corp improved its overall ranking, rising from 232 {+n} {+d} in 2010 to 172 {+n} {+d} in 2011. Other significant moves include a rise of 21 places for power producer NHPC Ltd to 195 {+t} {+h} {+.}
Among electric utilities, Reliance Infrastructure Ltd gained 17 places to 215 {+t} {+h}.
“India’s enormous growth in energy demand has led to its rise as the emerging energy leader on the global front,” said Vandana Hari, Asia Editorial Director, Platts. “Although these represent the bright spots for financial performance in 2011, 2012 may prove more challenging for India’s power generators,” she added. richa.mishra
Wednesday, December 28, 2011
Infosys BPO to expand in China
Bangalore: Infosys BPO, the business processing outsourcing arm of Infosys, the country’s second-largest exporter of information technology services, is setting up a new centre in Dalian, China, with a 500-person capacity, Swaminathan D, the managing director and CEO of Infosys BPO told Business Standard.
Infosys established its first BPO centre in China in 2006. Located in Hangzhou, it employs 1,000 people. “We plan to offer back office support from Dalian as an additional location in China. We believe it is easy to get enough talents in Dalian who are good at managing the Japanese and Korean processes, other than Chinese and English,” said Swaminathan.
He says a reason Infosys is seeing a lot more BPO opportunities in China is that a large number of global clients are having operations in the country. “Thus, we look at locations which provide strategic and competitive advantage to our clients as a part of our location strategy. Besides, it enables us to extend or expand our talent pool,” he added.
Infosys, the parent company, is already establishing its own campus in Shanghai, with a proposed investment of $125-150 million. Its first outside of India, the proposed centre is to be located at Zizhu Science and Technology Park and can accommodate about 8,000 employees. Infosys presently employs 3,300 people in China.
“China offers a compelling regional language advantage and cost arbitrage, and is thus best leveraged to serve the Asia region, which accounts for about 60 per cent of China’s global sourcing revenues,” said Amneet Singh, vice-president, global sourcing, Everest Group.
He said the lack of clear costs and English language skills translate to a limited competitive advantage over India and the Philippines for work exported to North America and Europe, but “these regions still account for about 40 per cent of China’s global sourcing exports”.
At least 15 delivery centres were established by IT and BPO companies across tier-I and tier-II cities in China during the past 12 months.
Other than China, Infosys BPO is looking at setting up a centre in Manila, Philippines. This is expected to add about 700 people to the 1,000 in China, said Swaminathan. The centre is expected to be operational towards February. The MD said the Philippines was predominantly focused on customer services (voice-based BPO) but was also slowly moving into high-value back office works in areas like finance and accounting (F&A).
“Today, for instance, F&A talents are available in India. But when I look for larger numbers, it becomes challenging. Now I am able to do that in Manila as well, as it has got over 100,000 certified accountants. I can hire them at will,” said Swaminathan.
Adding, however, that in terms of intensity of works and other quality parameters, the Philippines is still far away from India’s.
Infosys BPO employs about 20,600 people across 12 centres, including seven outside India. In the year ended March 31, 2011, it BPO closed with revenue of $427 million.
Infosys established its first BPO centre in China in 2006. Located in Hangzhou, it employs 1,000 people. “We plan to offer back office support from Dalian as an additional location in China. We believe it is easy to get enough talents in Dalian who are good at managing the Japanese and Korean processes, other than Chinese and English,” said Swaminathan.
He says a reason Infosys is seeing a lot more BPO opportunities in China is that a large number of global clients are having operations in the country. “Thus, we look at locations which provide strategic and competitive advantage to our clients as a part of our location strategy. Besides, it enables us to extend or expand our talent pool,” he added.
Infosys, the parent company, is already establishing its own campus in Shanghai, with a proposed investment of $125-150 million. Its first outside of India, the proposed centre is to be located at Zizhu Science and Technology Park and can accommodate about 8,000 employees. Infosys presently employs 3,300 people in China.
“China offers a compelling regional language advantage and cost arbitrage, and is thus best leveraged to serve the Asia region, which accounts for about 60 per cent of China’s global sourcing revenues,” said Amneet Singh, vice-president, global sourcing, Everest Group.
He said the lack of clear costs and English language skills translate to a limited competitive advantage over India and the Philippines for work exported to North America and Europe, but “these regions still account for about 40 per cent of China’s global sourcing exports”.
At least 15 delivery centres were established by IT and BPO companies across tier-I and tier-II cities in China during the past 12 months.
Other than China, Infosys BPO is looking at setting up a centre in Manila, Philippines. This is expected to add about 700 people to the 1,000 in China, said Swaminathan. The centre is expected to be operational towards February. The MD said the Philippines was predominantly focused on customer services (voice-based BPO) but was also slowly moving into high-value back office works in areas like finance and accounting (F&A).
“Today, for instance, F&A talents are available in India. But when I look for larger numbers, it becomes challenging. Now I am able to do that in Manila as well, as it has got over 100,000 certified accountants. I can hire them at will,” said Swaminathan.
Adding, however, that in terms of intensity of works and other quality parameters, the Philippines is still far away from India’s.
Infosys BPO employs about 20,600 people across 12 centres, including seven outside India. In the year ended March 31, 2011, it BPO closed with revenue of $427 million.
Wednesday, June 1, 2011
India could be world's third largest economy by 2030: StanChart
MUMBAI: India could be one of the largest economies in the world in the next two decades, according to an official from the Standard Chartered Bank .
"We are projecting that by 2030, China, India and Brazil would be the world's first, third and fourth-largest economies," Standard Chartered Bank's Global Head (Client Access Transaction Banking) Neal Livingston said at an event here today.
"Asia accounts for a third of the world's GDP and is responsible for more than two-third of the world GDP growth," he said.
The bank expects a roll-over in the top five economies of the world and believes that their power could be under threat from the BRIC nations.
India's GDP is expected to be $ 30-trillion by 2030. Increased capacity, better infrastructure, quality of education, health and hygiene are likely to boost India's growth.
By 2030, China is likely to supersede the US and would reign as the super economy. China's GDP volume is expected to reach $ 73.5-trillion, the highest in the world. In 2010, China's GDP reached $ 5.9-trillion.
The country with the highest population in the world will remain the main engine of growth that is sustained by the manufacturing industry.
Moreover, the highly educated in China surged significantly.
During the past 30-years, China's economy has changed from a centrally planned system that was largely closed to international trade to a more market-oriented one that has a rapidly-growing private sector. A major component supporting China's rapid economic growth has been exports growth.
Brazil's GDP volume is expected to be around $ 12.2- trillion by 2030.
"We are projecting that by 2030, China, India and Brazil would be the world's first, third and fourth-largest economies," Standard Chartered Bank's Global Head (Client Access Transaction Banking) Neal Livingston said at an event here today.
"Asia accounts for a third of the world's GDP and is responsible for more than two-third of the world GDP growth," he said.
The bank expects a roll-over in the top five economies of the world and believes that their power could be under threat from the BRIC nations.
India's GDP is expected to be $ 30-trillion by 2030. Increased capacity, better infrastructure, quality of education, health and hygiene are likely to boost India's growth.
By 2030, China is likely to supersede the US and would reign as the super economy. China's GDP volume is expected to reach $ 73.5-trillion, the highest in the world. In 2010, China's GDP reached $ 5.9-trillion.
The country with the highest population in the world will remain the main engine of growth that is sustained by the manufacturing industry.
Moreover, the highly educated in China surged significantly.
During the past 30-years, China's economy has changed from a centrally planned system that was largely closed to international trade to a more market-oriented one that has a rapidly-growing private sector. A major component supporting China's rapid economic growth has been exports growth.
Brazil's GDP volume is expected to be around $ 12.2- trillion by 2030.
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