MUMBAI: Tata Motors said that it has released14thAnnual Sustainability Report, titledSustainable Mobility, Smart Cities, reinforcing its commitment towards Triple Bottom Line – Social, Environmental and Economical. The report was unveiled by Satish Borwankar, COO & ED on August 31, 2018.
The report is prepared as per the GRI Standards in accordance – comprehensive criteria and externally assured by TUV India, company said.
The policy guides in establishing sustainability governance, identification of material sustainability issues and development of sustainability strategies aligned with global and national sustainability commitments. The policy stimulates Tata Motors aspirations to become the global sustainability leader in the transport sector considering futuristic mobility solutions.
Guenter Butschek, MD & CEO, Tata Motors said, “Our approach to sustainability is not a mere compliance one but a continuous improvement one with inclusiveness at its core. With this objective, we have launched the Sustainability Policy for Tata Motors.”
By aligning the firm’s work with the Sustainable Development Goals (SDGs), Tata Motors has brought about transformational changes not just within the businesses but also for driving change within the societies that they serve globally.
Key highlights of the initiatives and achievements by Tata Motors are listed below:
Advance Technology Vehicles
It has delivered the first set of Tigor Electric Vehicles (EVs) to Energy Efficiency Services Limited (EESL) and Tata Starbus Hybrid Electric Buses to Mumbai Metropolitan Region Development Authority (MMRDA).
Reducing Carbon Footprint of Operations
It has increased the share of renewable energy from 16.34% in 2016-17 to 20.76% in 2017-18 of the total electricity consumption. It is sourcing the renewable energy (wind and solar) through captive generation as well as on-site and off-site Power Purchase Agreements (PPAs).
Strengthening Waste Management
Tata Motors is extensively working on 3 R’s i.e. Recycling, Reuse and Recovery. In 2017-18, company reduced the quantum of Hazardous waste disposed to CHWTSDF by 15% over 2016-17. Tata Motors interventions to achieve Zero Liquid Discharge and Zero Waste to Landfill status.
It has taken-up initiatives to promote the use of green materials; i.e. Green Plasticizer, Primer-less Windshield Glass Sealant, Composite Brake Drum and Leaf Spring. Integrating the Circular Economy approach, It has completed a pilot on closed loop plastic recycling by making a new plastic component out of scrap.
Safety and Employee Health
In the last financial year, the company improved the safety performance by 38% and employee Health Index by 0.5. For the current year, they have set stretched targets on health and safety and have identified the critical focus areas for achieving them.
Building the Socially Responsible Value Chain
In 2017-18, manufacturing plants locally sourced 57.88% of materials and services by suppliers based within the state where the plants are located. It is implementing the Sustainable Supply Chain Initiative in a phased manner and covered additional 66 suppliers in Phase-II (Total 118 in last 2 years) under the on-site sustainability assessment.
It is also aligned to the principles of United Nations Global Compact, Sustainable Development Goals and National Voluntary Guidelines on Social, Environmental and Economic Responsibilities of Businessof the Ministry of Corporate Affairs, Government of India, Sustainable Supply Chain Initiative.
Tata Motors launched its Sustainability Policy in November 2017, with the aim of creating value, contributing to sustainable development and demonstrate the corporate citizenship.
(Based on Statement)