NewsStocksPolycab India Achieves 'B' Rating from Carbon Disclosure Project for Climate and Water StewardshipPolycab India Achieves 'B' Rating from Carbon Disclosure Project for Climate and Water Stewardship
Polycab India Limited has received a 'B' rating from the Carbon Disclosure Project (CDP) for both Climate Change and Water Security categories. The company excelled in areas such as context evaluation, environmental policies, and opportunity disclosure, receiving 'A' grades. Areas for improvement include pricing environmental externalities, Scope 3 emissions, and water pollution management. This disclosure was made in compliance with SEBI Listing Regulations.
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Polycab India Limited has achieved a 'B' rating from the Carbon Disclosure Project (CDP) for both Climate Change and Water Security stewardship, as announced in a regulatory disclosure dated December 12.
CDP Rating Achievement
The company informed stock exchanges that CDP has rated Polycab India Limited with a 'B' score for both Climate Change and Water Security categories. This disclosure was made pursuant to Regulation 30 of SEBI Listing Regulations, following the SEBI circular dated November 11.
| Assessment Category | Rating |
|---|---|
| Climate Change | B |
| Water Security | B |
Detailed Category Performance
The CDP assessment evaluated Polycab across multiple environmental categories, with varying performance levels across different areas. The company demonstrated strong performance in several key categories:
High-Performing Categories (Grade A)
- Context evaluation
- Dependencies, Impacts, Risks and Opportunities Process
- Environmental Policies
- Opportunity Disclosure
- Risk Disclosure
- Verification (including Emissions)
Moderate Performance Areas (Grade B)
- Business Strategy for both Climate Change and Water Security
- Energy management
- Governance across both assessment areas
- Water Accounting
Areas for Improvement
The assessment also identified categories where the company received lower ratings, indicating potential areas for enhanced focus:
| Category | Climate Rating | Water Rating |
|---|---|---|
| Pricing Environmental Externalities | C | - |
| Scope 3 Emissions | C | - |
| Targets | C | A |
| Value Chain Engagement | C | C |
| Water Pollution Management | - | D |
Regulatory Compliance
The disclosure was made to both BSE Limited and National Stock Exchange of India Limited. The announcement follows the company's commitment to transparency in environmental reporting and compliance with regulatory requirements under SEBI Listing Regulations.
The CDP rating system evaluates companies on their environmental disclosure, awareness, and management of environmental risks, providing stakeholders with insights into corporate environmental performance and sustainability practices.
Historical Stock Returns for Polycab
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +4.79% | +2.23% | -3.24% | +27.77% | -0.73% | +645.84% |
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