Monday, November 29, 1999

TCS, Bharti among most sustainable cos: Report

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Indian IT giant Tata Consultancy Services, telecom major Bharti Airtel and wind-turbine maker, Suzlon are among the global firms having high sustainable development standards, a report by leading Swiss lender, Bank Sarasin has showed.The study, conducted among 360 odd emerging market companies, found that a third of these firms have high rating in terms of sustainability, which also implies that they offer more attractive returns to investors."These companies are better equipped for the forthcoming challenges and this will be reflected in lower risks and superior return opportunities. This makes them very attractive to investors," Sustainability research analyst, Andreas Holzer, said in the study.Other Indian firms, which have have highest level of sustainability standards mentioned in the report include India's largest manufacturer of irrigation plants, Jain Irrigation and leading IT-firm Infosys.According to the survey, number of firms, which have socially responsible production of goods and services with maximum resource efficiency, are higher from the developed countries--at a little over 50 per cent.However, even in emerging markets like India and China, a sufficient number of companies can be found eligible for sustainable investment, it said.

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