Tata Motors has successfully aligned their sustainability strategy to their business vision of 2019. With set performance parameters for all the material issues, they have developed action plans for achieving the same in this fiscal year. Its 14th Annual Sustainability Report, titled ‘Sustainable Mobility, Smart Cities’, reinforces its commitment towards ‘Triple Bottom Line’ – Social, Environmental and Economical. The report is prepared as per the GRI Standards ‘in accordance – comprehensive’ criteria and externally assured by TUV India.
Tata Motors launched its Sustainability Policy in November 2017, with the aim of creating value, contributing to sustainable development and demonstrate the corporate citizenship. 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:
- Advance Technology Vehicles: The Company 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: The Company has increased the share of renewable energy from 16.34% in 2016-17 to 20.76% in 2017-18 of the total electricity consumption. The company 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: Driving on the theme “Value from Waste” across their manufacturing facilities in India, 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.
- Eco-friendly Materials: The company has taken-up several initiatives to promote the use of green materials; i.e. Green Plasticizer, Primer-less Windshield Glass Sealant, Composite Brake Drum and Leaf Spring.
- Safety and Employee Health: In the last financial year, the company improved the safety performance by 38% and employee Health Index by 0.5.
- Building the Socially Responsible Value Chain: In 2017-18, Tata Motors’ manufacturing plants locally sourced 57.88% of materials and services by suppliers based within the state where the plants are located.