CDP India 2020 Climate Change Report: Tata Consumer Products retains its leadership position for best sustainability practices
Tata Consumer Products, the focused consumer products company uniting the principal food and beverage interests of the Tata Group under one umbrella has been recognized for its actions towards protecting the environment and preventing climate change across the globe by CDP India 2020 Climate Change Report. Tata Consumer Products received an A-, placing the company in CDP India’s leadership band for the second consecutive year, out of a universe of 9600 global companies that were rated this year
CDP is a global non-profit that runs the global disclosure system for investors, companies, cities, states, and regions to manage their environmental impacts. Companies scoring within the leadership category are recognized for their transparent and comprehensive disclosure of climate data, thorough awareness of climate risks, demonstration of strong governance and management of climate risks, and demonstration of market-leading practices. Through their independent scoring methodology, they measure corporate progress and incentivize action on climate change, forests, and water security. This year, CDP assessed over 9,600 companies around the world.
Specifically, Tata Consumer Products scored better this year in areas related to Governance, Business Strategy, and emissions management. The company took several Green House Gas (GHG) emission reduction initiatives including investments in renewable energy and energy efficiency. The company has been able to bring down its carbon footprint by 26% between 2010-20.
Amit Chincholikar, Global CHRO and Chief Sustainability Officer, Tata Consumer Products said “We are humbled to receive this leadership recognition in the sustainability space for the second consecutive year. We recognize the strong linkages between business growth and environment friendly practices. We are committed to continue building a business which respects the environment and furthers sustainable practices. As part of the TATA group, we will further strengthen our focus on sustainable production and consumption while continually engaging with the communities we operate in.”
He further added, “At Tata Consumer Products, we have defined our climate change strategy along 4 areas - Sustainable Agriculture, Sustainable Forestry, Renewable Energy and Energy Efficiency. In order to embed this into our business, we have strong leadership commitment alongwith guidelines and processes in areas that cover sustainable sourcing, waste and water management.”
About Tata Consumer Products Limited
Tata Consumer Products Limited is a focused consumer products company uniting the principal food and beverage interests of the Tata Group under one umbrella. The Company’s portfolio of products includes tea, coffee, water, salt, pulses, spices, and ready-to-cook offerings. Tata Consumer Products is the 2nd largest branded tea company in the world. Its key beverage brands include Tata Tea, Tetley, Eight O’Clock Coffee, Tata Coffee Grand and Himalayan Natural Mineral Water. Its foods portfolio includes brands such as Tata Salt and Tata Sampann. In India, Tata Consumer Products has a reach of over 200 million households, giving it an unparalleled ability to leverage the Tata brand in consumer products. The Company has an annual turnover of ~Rs. 10,000 cr and employs 2,200+ people in its branded business workforce. For more information, please visit www.tataconsumer.com