CB Bureau-Double energy productivity by 2030
-Generate over one-third of overall revenues from Good & Green products by FY22
-Reduce carbon intensity by 60% by 2030
-All manufacturing activities across locations will continue to be water-positive and nearly zero waste to landfill
-Introduce recycled content up to 25% in plastic-product packaging
The goals include a commitment to continue offsetting its plastic quantities by 100%.
Underlining the company’s priorities, Jamshyd N Godrej, chairman and managing director of Godrej & Boyce, says: ‘At Godrej & Boyce, we focus on four key strategic pillars – employability, innovating for Good & Green products, creating a greener India, and creating shared value through community development. We are working relentlessly to contribute towards India’s Sustainable Development Goals (SDGs) for 2030, while simultaneously creating value for our business, the communities and the planet through our unique and scalable initiatives.’
Kamal Nandi, EVP and business head, Godrej Appliances, informs that 54% revenue of Godrej Appliances comes from Good & Green products. At present, the business uses 50% renewable energy in its manufacturing facilities across the country.
Head of environmental sustainability Tejashree Joshi says, ‘Having facilitated over 600 green buildings, we have achieved 50% reduction in specific energy and water use. We have also conserved several acres of mangroves in Vikhroli, sequestering over 10 lakh tons of carbon.’
Regarding the company’s social impact, head of CSR & sustainability Ashwini Deodeshmukh emphasises that creating employability continues to be a focus. Over the last 10 years, their skilling initiative, Disha, has trained 1.6 lakh young people across 18 states and 80 towns and cities. The company also claims to have improved the quality of education for 6,800+ children.
Over the last 10 years, Godrej & Boyce has invested more than Rs 500 crores towards its ESG initiatives. In terms of the impact, here are some highlights based on the company’s statements:
-Energy productivity in the last 10 years has nearly doubled (+96%)
-50% renewable energy share in manufacturing units
-13% drop in manufacturing units’ energy consumption over 4 years
-G&B has been able to offset 48% of their carbon footprint in the last 10 years
-All manufacturing units are water-positive
-39,900 MT of e-waste collected and disposed of responsibly
-First company in India to introduce ozone depleting substance-free refrigerators
-First company globally to produce air conditioners that have ‘zero’ ozone depletion potential (ODP) and minimal global warming potential (GWP)
-5,300 women across 3 cities have been empowered to form 117 SHGs and 29 enterprises
-Implemented policies to safeguard women in the workforce (with the maternity benefit policy in effect, the return-to-work ratio is 98%)