CII-Sohrabji Godrej Green Business Centre, through exhaustive consultations with stakeholders and experts, has developed the 'Greenco rating' system for evaluating the 'greenness of companies'.
The rating system assesses and analyses the environmental impact of a company's activities or operations, defining the path forward to ecologically sustainable business growth.
Weightage is given to various parameters like energy efficiency, water conservation, renewable energy, GHG emission reduction, material conservation & recycling, waste management, supply chain, product stewardship, lifecycle assessment, ventilation, site selection and innovation, aggregating which leads to certified (level 1), bronze (level 2), silver (level 3), gold (level 4) and platinum (level 5).
These strategies are designed based on an iterative and consultative process that includes building partnerships with stakeholders and employing their cumulative knowledge and experience to address issues related to ecological sustainability. The rating system employs a holistic approach, wherein, it not only advises businesses on strategy and actions required but also provides mechanisms to assess and monitor performance and implement suitable strategies.