Mumbai, October 26, 2023: Tata Consumer Products Ltd (TCPL), a consumer products company of the Tata Group, has announced specific sustainability milestones and metrics for FY 2025-26. This move aligns with their earlier ESG Strategy, focusing on four key pillars: For Better Sourcing, For a Better Planet, For Better Communities, and For Better Nutrition.
In a recent update, TCPL reported significant progress for FY 2022-23. Notably, there was an 18% reduction in Scope 1+2 emissions despite the business's expansion. Additionally, 19% of the company's energy needs are now met by renewable energy sources. The implementation of "Project Jalodari" in Himachal Pradesh and Assam has resulted in the recharge of 314 million liters of water. Furthermore, all of TCPL's beverage factories worldwide have achieved a Zero waste to landfill status, while the company has attained 100% compliance with its Extended Producer Responsibility commitments in India. TCPL has also initiated projects that could potentially reduce packaging material by 900 metric tons annually. Moreover, their CSR initiatives have positively impacted over 1.2 million beneficiaries across seven specific themes.
Looking ahead, TCPL has set ambitious goals for FY 2025-26. These include achieving carbon neutrality on Scope 1 and Scope 2 across all geographies and increasing the use of renewable energy to fulfill 35% of the company's power requirements. They also aim to implement a Zero Waste to Landfill policy globally and ensure that 70% of their packaging materials are recyclable, compostable, or reusable. Additionally, TCPL intends to reach 1.75 million individuals through their community initiatives, obtain ISO 45000 certification for 100% of their operations, and boost women's participation in their global workforce to above 35%.
Discussing these commitments, Sunil D’Souza, MD & CEO of Tata Consumer Products, said, “As we progress on our transformation journey to becoming a premier FMCG company, we remain on course to delivering on our long-term Sustainability roadmap. The commitments we have announced for FY 2025-26 will serve to track and reaffirm the longer-term commitments made last year as part of our ESG strategy. We will continue to strengthen our Sustainability strategy, as this will play a crucial role in building a future ready organization, strengthening brands beloved by consumers, and adding value to our stakeholders.”
