Mumbai, Oct 25, 2024: Tata Consumer Products Limited (TCPL) has announced its continued progress towards the sustainability commitments earlier outlined for FY 2026.
Tata Consumer Products operates in a range of categories and has well-loved brands such as Tata Tea, Tata Salt, Tetley, Eight O’Clock Coffee, Tata Sampann, Ching’s Secret, Organic India, Himalayan, Tata Soulfull, Tata Copper +, Tata Gluco +, among others.
In 2022, Tata Consumer Products released its ESG Strategy ‘For Better Living’, which encompasses four key pillars: For Better Sourcing, For a Better Planet, For Better Communities, and For Better Nutrition. Last year, Tata Consumer Products announced targets and milestones for FY 2026 reaffirming its long term commitments.
Tata Consumer Products announces milestones & metrics for FY 2025-26 reaffirming clear long-term commitments. These initiatives align with the Tata Group's commitments under Project Aalingana and adhere to the relevant regulatory frameworks in every market where the company operates.
As a responsible and purpose-driven organization, Tata Consumer Products has integrated sustainability at the core of its operations. Embedding sustainability is one of the key strategic pillars for the organization and plays an important role in building a premier FMCG organization.
In observance of World Sustainability Day, the company highlighted its progress for FY 2023-24 across key areas. It achieved carbon neutrality on Scope 1 and Scope 2 emissions across all geographies, sourced 27% of power requirements from renewable sources, aiming to reach 35% in FY 2026, achieved zero waste to landfill across all beverage factories globally, 62% of packaging materials are now recyclable, with a target to increase this to 70% by FY 2026. The company has also positively impacted 1.39 million beneficiaries through community initiatives till FY 2023. Women now make up 34% of the global workforce, progressing toward the 35% target for FY 2026. Also, 70% of Tata Consumer Products’ manufacturing facilities (excluding plantations) have secured ISO 45001 certification, with a goal of achieving 100% certification across all our manufacturing facilities by FY 2026.
Tata Consumer Products has implemented several key public policies, spanning the environment, green procurement, energy conservation, responsible marketing, and sustainable supply chains. This focus on strengthening ESG practices has resulted in a 12% improvement in the company’s Sustainalytics ESG Risk rating, with the outlook now classified as “medium risk.”
The company has also been recognized as the ‘Most Sustainable Consumer Goods Company (India)’ and No.2 in the ‘Top 50 Most Sustainable Companies across sectors (India)’ in Business World’s IMSC rankings, 2024.
Commenting on the progress, Sunil D’Souza, MD & CEO, Tata Consumer Products said, “At Tata Consumer Products, sustainability is integral to our long-term strategy, and we are pleased to have made consistent progress across key areas of climate adaptation, circular economy, and community engagement. As we move forward, our focus remains on achieving our FY 2025-26 targets and continuing to drive positive change across our value chain.”
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