ICRA ESG Ratings: India's Net-Zero Targets

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Questions and Answers

According to the ICRA ESG Ratings report, which country has the highest number of companies committed to Science-Based Target initiative (SBTi) targets?

  • United Kingdom (correct)
  • China
  • India
  • United States

What rank did India secure globally in corporate climate action, according to the ICRA ESG Ratings report?

  • 6th (correct)
  • 3rd
  • 10th
  • 1st

Approximately what percentage of global emissions is attributed to China, according to the report?

  • 35%
  • 45%
  • 27% (correct)
  • 15%

How many Indian companies are noted as being committed to net-zero targets under the Science-Based Target initiative (SBTi)?

<p>127 (B)</p> Signup and view all the answers

Which organization released the report on 'SBTi commitments by Indian companies'?

<p>ICRA ESG Ratings Limited (D)</p> Signup and view all the answers

Besides the number of companies committed to SBTi, what other observation is made about China in the ICRA ESG Ratings report?

<p>China has less corporate adoption of SBTi despite high emissions. (A)</p> Signup and view all the answers

What does SBTi stand for, as mentioned in the ICRA ESG Ratings report?

<p>Science-Based Target initiative (A)</p> Signup and view all the answers

If a company aims to achieve 'net-zero' targets, what is their ultimate goal regarding greenhouse gas emissions?

<p>To balance the amount of greenhouse gases released with the amount removed from the atmosphere. (C)</p> Signup and view all the answers

Pragati Development Consulting Services Limited is mentioned in the report. What is its relationship with ICRA ESG Ratings Limited?

<p>It is the former name of ICRA ESG Ratings Limited. (A)</p> Signup and view all the answers

Considering the data presented in the report, what inference can be drawn about the relationship between a country's emissions and its corporate adoption of SBTi?

<p>There is no clear universal relationship; a country's emission levels do not guarantee a specific level of SBTi adoption. (D)</p> Signup and view all the answers

Flashcards

India's ranking in corporate climate action

India ranked 6th globally in corporate climate action.

Companies committed to Net-Zero in India

127 companies in India are committed to net-zero targets under the Science-Based Target initiative (SBTi).

Top country in SBTi commitments

The United Kingdom (UK) topped the list with 702 companies committed to SBTi targets.

China's SBTi adoption

China, despite being the largest global emitter contributing 27% of global emissions, shows less corporate adoption of SBTi.

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What is SBTi?

Science Based Targets initiative(SBTi) helps companies set emission reduction targets.

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Study Notes

  • ICRA ESG Ratings Report indicates India is ranked 6th.
  • There are 127 Indian companies committed to net-zero targets.
  • The UK tops the list of countries in the report.
  • The report on 'SBTi commitments by Indian companies' was released by ICRA ESG Ratings Limited, formerly known as Pragati Development Consulting Services Limited.
  • India secured 6th spot globally in corporate climate action with 127 companies committed to net-zero targets under the Science-Based Target initiative (SBTI).
  • The United Kingdom (UK) tops the list with 702 companies committed to SBTi targets.
  • China is the largest global emitter, has less corporate adoption, despite contributing 27% of global emissions.

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