Context: GreenCo Rating has been acknowledged in India's Intended Nationally Determined Contribution (INDC) document, submitted to United Nations Framework Convention on Climate Change (UNFCCC) in 2015,as a proactive voluntary action of Indian industry / private sector towards combating climate change.

About GreenCo Rating

• GreenCo Rating has been developed by the Confederation of Indian Industry(CII).
• Its aim to facilitate companies to make a substantial improvement in their environmental performance thereby saving both natural and financial resources.
• Under this,companies are evaluated on major environmental areas including- energy efficiency, renewable energy, water conservation, waste management, resource conservation, green supply chain and life cycle assessment.
• It is applicable to both manufacturing facilities and service sector units. The rating is implemented at unit or facility level. The unit or facility has to be in operation for a minimum period of 3 years. In case of new plants/ facilities minimum 2 years operation is required.

About Confederation of Indian Industry(CII)

• Confederation of Indian Industry (CII) is a non-government, not-for-profit, industry-led and industry-managed organization founded in 1895.
• It works to create and sustain an environment conducive to the development of India, partnering industry, Government and civil society, through advisory and consultative processes.
• It  assists industry to identify and execute corporate citizenship programmes. 
• Partnerships with civil society organizations carry forward corporate initiatives for integrated and inclusive development across diverse domains including affirmative action, healthcare, education, livelihood, diversity management, skill development, empowerment of women, and water, to name a few.