Tata Consumer Products released the 2nd Annual ESG – sustainability report for the years 2021-22. The report highlights its ESG approach, strategy, and disclosure on the basis of the BRSR template and guidelines.
The 2nd Annual ESG – sustainability report lays out the company’s sustainability strategy based on inputs from multiple stakeholders and includes holistic goals and targets across various parameters. The strategy encompasses four key areas- For Better Nutrition, For Better Sourcing, For a Better Planet and For Better Communities. The report aims to communicate the company’s ESG journey roadmap and progress updates on our projects.
Tata Consumer Products (TCP), the consumer products company uniting the principal food and beverage interests of the Tata Group under one umbrella, has announced sustainability targets and commitments across its operations.
The Integrated Report has detailed sections on sustainability and value creation and has been accordingly cross-referenced for ease of understanding.
The annual report is aligned with the International Integrated Reporting Council (IIRC) and has sections detailed on the six capitals and value creation. This is TCP’s second sustainability report and our first Business Responsibility and Sustainability Report (BRSR), the company said.
The BRSR seeks disclosures from listed entities on their performance against the nine principles of the ‘National Guidelines on Responsible Business Conduct (NGRBCs) and reporting under each principle is divided into essential and leadership indicators.
As this is voluntary for FY ‘22, we have included it as a separate report, as part of the overall ESG report, the company said.
Further, we have addressed the essential indicators for this year and will endeavor to report on leadership indicators as well going forward, the company reported.
The BRSR indicators have also been mapped with the GRI indicators for better clarity and continuity from our previous reports, the company added.
The reporting boundary encompasses our standalone business in India which include our own manufacturing units, second- and third-party units (where we have 100% operational control), and our corporate offices for Food and Beverage business verticals, the company informed.
This report has been externally assured by the British Standards Institution (BSI), which also provides verification of Greenhouse Gas Emissions (GHG) to the company as per ISO 14064. The scope and basis of assurance have been described in the assurance report issued by BSI, the company said.
Also Read: Sustainability is becoming one of the key deciding factors during a consumer’s buying
