ICRA ESG Ratings Report : India ranks 6th with 127 companies

Current Context: The ICRA ESG Ratings Report, released by ICRA ESG Ratings Limited on December 3, 2024.

• India ranks 6th globally with 127 companies committed to net-zero targets under the Science-Based Targets initiative (SBTi).
• Despite contributing about 7% of global emissions, India's ranking highlights its growing corporate commitment to sustainability.
• Sectors like power, energy, and cement still face challenges in adopting net-zero goals.
• The United Kingdom leads the ranking, holding the 1st position with the highest number of companies committed to such targets.

Question:

1 According to the ICRA ESG Ratings Report released on December 3, 2024, where does India rank globally regarding companies committed to net-zero targets under the Science-Based Targets initiative (SBTi)?

• A) 1st
• B) 3rd
• C) 6th
• D) 10th

Answer: C) The report states that India ranks 6th globally with 127 companies committed to net-zero targets under SBTi.