Socially Responsible Business
Climate Disclosure Leader 2013
This year, HCL made it to the Climate Disclosure Leadership Index (CDLI ) with a score of 70 out of a total of 100 (this is 21 points higher than the average CDP scores this year). Last year, HCL had pledged to improve its commitment towards governance and stakeholder engagement. HCL put together a strategy to involve its suppliers/vendors, senior management, academia, industry connects and civil bodies to understand priorities in relation to the environment, and this engagement framework has helped it move 12 points up this year.
(The Carbon Disclosure Project (CDP) is a global, investor-driven initiative which collects critical climate change data from the world’s leading companies with the objective of informing the global market about investment risk and commercial opportunity, and the companies’ climate change strategies. The CDP score is a very important parameter for company ratings by key financial analysts. In 2013, CDP collected climate change data from over 4,500 companies from across 60 countries on behalf of 722 investors with assets of US$87 trillion in assets under management. HCL commenced participating in 2011, and has been able to move to the leadership Index in 3 years’ time).