The system will create a framework to define and assess how green the company is and highlight the way forward on how to turn greener With GreenCo Rating System, an initiative of the Confederation of Indian Industry (CII) Green Building Centre, is eying 100 companies by end of 2015 in India for this rating. The objective of GreenCo rating system is to create a framework to define and assess how green the company is and highlight the way forward on how to turn greener. Currently, 14 companies have been GreenCo rated, out of the total of 37 registered companies. Apart from this, more than 70 companies are working on this rating system. "It is relatively new concept for India Inc, many companies have started adopting measures to integrate environmental concerns in their businesses to improve performance and competitiveness. We are targeting to bring around 100 companies under the programme by the end 2015," Anil Kumar Sinha, chairman - GreenCo Forum, Pune Chapter & vice president - manufacturing operations, PVBU, Tata Motors Ltd, Pune. The GreenCo Rating System, an initiative of the Confederation of Indian Industry (CII) Green Building Centre formally launched last year to check if companies were environment-friendly. The rating is based on nine parameters - energy efficiency; water conservation; use of renewable energy, mitigation of greenhouse gas emissions, conservation and recycling of materials; waste management; establishment of a green supply chain, product stewardship and lifecycle assessment. "We have generated 21mw power with the help of wind energy and utilised six million units this power at our plants at Satara and Supa. Also, Tata's Bombay House building is also GreenCo rated. It is a catalyst for greening the Indian Industry. It has benefits like cost reduction opportunity by increasing efficiency, boosts green corporate image, helps to achieve world class performance and competitiveness. The entire rating process goes through three phases - training, feasibility study and assessment programme - and it is valid for three years," said Sinha. The rating is based on nine parameters - energy efficiency; water conservation; use of renewable energy, mitigation of greenhouse gas emissions, conservation and recycling of materials; waste management; establishment of a green supply chain, product stewardship and lifecycle assessment. The rating programme is a voluntary initiative that seeks commitments from companies in manufacturing and services sectors to optimally use natural resources starting from production to waste disposal. The initiative, started as a pilot in February 2011 and was formally launched in March last year. Of the 50 companies that volunteered, it has rated 14 including the Bangalore International Airport Limited, ACC Limited, ITC Limited (Bhadrachalam), Karnataka-based Vasavadatta Cement and JK Tyre, Pune-based Tata Motors, Cummins India, Kirloskar Oil Engines and Kirloskar Brothers Ltd.