Tata Chemicals bags 4th spot in Responsible Business Ranking 2021
New Delhi: Tata Chemicals Ltd. has been ranked 4th amongst the Indian corporates for its Sustainability and CSR practice. The 8th edition of the Responsible Business Rankings announced during the Economic Times SDG Summit 2021, is based on the study carried out by Futurescape that uses the Environmental, Social and Governance (ESG) framework. Over 90 parameters are used to map India’s top companies on ESG metrics. Key action themes for companies included renewable energy, water, waste, and data privacy.
Sustainability is at the heart of Tata Chemicals’ business growth ambitions, in line with its corporate responsibility objectives. The company has launched multiple initiatives and projects to conserve the environment and engages with local communities toward building an ecosystem that is sustainable and eco-friendly keeping sustainability at the forefront across all of their business divisions and initiatives.
Commenting on the achievement, Mr R Mukundan, MD & CEO, Tata Chemicals, said “We are deeply honoured to have received this recognition to be amongst the leading companies in ET and Futurescape’s Responsible business rankings. The journey on sustainability remains one where we need to constantly challenge ourselves and keep striving for better goals and outcomes. We have joined the science-based Target initiative and have set our carbon reduction targets to correspond with well below 2 degrees by 2030 and onwards to a net-zero Carbon footprint. This ranking reinforces our commitment to responsible manufacturing, business and Human rights, Biodiversity conservation, and firming up of our existing processes to meet the United Nations Sustainable Development Goals.”
Tata Chemicals has adopted innovative activities that contribute to a thriving planet, communities, and enterprise. The company is building a long-term resilience and is contributing to India’s sustainability aspirations. For more than 80 years, the company has operated with a sense of purpose to play an active role in shaping a better world. There is a conscious effort by the Tata Chemicals to ensure that sustainability remains at the core of business strategy as the means of sustaining its leadership in all aspects of business in an innovative way and return better value to the stakeholders.