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Home Sustainability

Sustainability: Tata Power set to reduce emissions in alignment with Science Based Targets initiative (SBTi)

The latest climate science sends a clear warning to curb temperature rise to avoid the catastrophic impacts of climate change

India CSR by India CSR
July 26, 2021
in Sustainability
Reading Time: 2 mins read
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Company’s commitment accepted by SBTi, published under the companies taking action category. SBTi is a partnership between CDP, UN Global Compact, World Resources Institute, WWF and We Mean Business Coalition to drive climate action in private sector

Tata Power, India’s largest integrated power company, has committed to set emission reduction targets in alignment with the Science Based Targets initiative (SBTi). SBTi is an initiative which drives ambitious climate action in the private sector by enabling companies to set science-based emissions reduction targets.

It is a partnership between CDP (Carbon Disclosure Project), the United Nations Global Compact, World Resources Institute (WRI), the World Wide Fund for Nature (WWF) and We Mean Business Coalition. The company’s commitment to the SBTi has been accepted and published under the companies taking action category on the website.

“Mitigating the impact of global warming requires swift and strong action. Tata Power has committed to SBTi and is working on an ambitious plan to drive the transition to decarbonized energy models, aiding the global climate action agenda. To achieve the emission reduction targets, we are moving rapidly to a green energy portfolio and continuously exploring and adopting technology based solutions. We are confident of being #FutureReady and will continue lighting up lives!” said Dr. Praveer Sinha CEO & MD, Tata Power.

The latest climate science sends a clear warning to curb temperature rise to avoid the catastrophic impacts of climate change. The power sector will play a key role in decarbonizing the global economy and meeting the goals of the Paris Agreement.

To lead reformation of the process for sustainable power, Tata Power has pledged to set scientific targets as proposed by Science Based Target initiatives. It is the first Indian power company to commit to carbon neutrality before 2050 and is accelerating the transition to a sustainable future.

Tata Power has already announced the planned phase out of coal based capacity and is rapidly expanding its clean and green portfolio with an intent of achieving 80% by FY30. Through its business offerings, Tata Power is spearheading development of integrated solutions, focusing on mobility and lifestyle and empowering customers through emerging smart and green technologies.

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Tags: Science Based Target initiativesTata PowerWe Mean Business CoalitionWorld Resources Institute

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India CSR is the largest media on CSR and sustainability offering diverse content across multisectoral issues on business responsibility. It covers Sustainable Development, Corporate Social Responsibility (CSR), Sustainability, and related issues in India. Founded in 2009, the organisation aspires to become a globally admired media that offers valuable information to its readers through responsible reporting.

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