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with an increasing number of deaths              water into the ecosystem as we draw from
               relating to weather events. According to         it. To achieve this, we funded community
               the UN Office for Disaster Risk                  watershed projects in four states that
               Reduction, climate change disasters have         generate ~ 20 million m3 of water every
               cost India around $79.5 billion in               year. Like Mahindra, we are also
               economic losses in the last 19 years. The        signatories to the global EP100 energy
               World Bank also estimates that climate           initiative. By 2025, we will ensure that
               change can shave off nearly 3 per cent           one-third of the group’s entire product
               from India’s GDP. Post COVID-19, no              portfolio has a smaller environmental
               nation, India included, can afford to take       footprint than in 2020.
               on this kind of negative impact. It is a
               threat to the very survival of human             Tata companies have taken several steps
               habitats and the foundation of human             to reduce carbon footprints. Tata Power
               economic activity.                               has launched campaigns to convince
                                                                millions of consumers to reduce energy
               Clearly, it is way beyond time that              consumption by switching off
               individuals and organisations step up to         unnecessary lights and devices through a
               face this challenge. Sustainable                 community awareness advocacy initiative
               development calls for companies to               called Club Enerji. Tata Chemicals has
               commit to a steady reduction in carbon           adopted solar power and bulk shipping
               footprints, greenhouse gas emissions,            initiatives to lower its emissions. A
               energy and water consumption, material           consistent focus on climate change
               consumption, solid and liquid waste, and         measures have led to Tata Consultancy
               so on. Companies with one eye on the far         Services and Godrej Consumer Products
               horizon have assiduously committed               being recognised in the Dow Jones
               resources for climate change mitigation.         Sustainability Index.

               For instance, Mahindra has announced             As responsible companies, we have taken
               that it will become carbon neutral by            the lead in the climate change effort, with
               2040. It’s green business initiatives that       the firm understanding that sustainability
               take climate change into account include         initiatives are also the strategic move for
               strategic investments in the EV space and        companies with a long term horizon. The
               energy-efficient real estate ventures. Last      reality is that climate change comes with a
               year it took on the plastic and non-             slew of business opportunities — higher
               recyclable waste problem by launching its        productivity, cost savings, new value
               #CutTheCrap campaign.                            chains in shared mobility, digital
                                                                businesses, high yield agriculture and
               At Godrej, we are driving several climate        alternative fuels, and many more. The
               initiatives under our Good & Green               smart move for organisations is to quickly
               sustainability programme. In our drive to        climb on to the green bandwagon. Climate
               become carbon neutral, we have                   action is here to stay and it falls upon
               successfully reduced our specific carbon         individuals, nations and enterprises — a
               emissions by more than 55% from the              planetary effort, no less — to press the
               baseline. Our renewable energy portfolio         rewind button.
               will grow from the current 50% level to
               nearly 70% by 2025. We are probably one
               of the few water positive groups in India –
               we put back almost five times as much
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