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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
