Our client had obtained ESG rating from a renowned global rating
agency. However, the rating was not satisfactory. As a result, the client had started getting
adverse communications from certain investors and customers.
Chemical
ESG Rating Improvement for Chemical Company
The Problem
The Intervention
We suggested and supported our client by doing the following
- Better carbon footprint computation – We improved the organizational boundary consideration and scope 3 emission which was not done earlier
- Developed carbon intensity reduction plan till 2030
- Water footprint management plan with better reuse and rainwater harvesting
- Plastic packaging waste management plan with technological intervention – pyrolysis
- Biodiversity management plan
- Better value chain engagement process – both suppliers and customers
- Periodic environmental and social audit of supply chain
- Climate risk and opportunity assessment and developing a strategy around buildingresilience following the recommendations of TCFD
- Better ESG disclosure covering all relevant parameters used by the rating agency
- CDP Climate disclosure
The Result
The overall ESG rating improved by about 34% in 18 months. The client is now
confident of getting even better rating in the next cycle