August 9, 2022
(press release)
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Key Highlights: Highlights FY 2021-‘22 * 700 mn kg tea sustainably transformed in
* 59% of Tata Tea portfolio verified by trustea- a sustainability code and verification system for the tea sector in
* 100% of Tetley tea in the international business is
Targets * 100% sustainably sourced critical raw materials by 2040 * 100% critical supplier assessments across all geographies by 2030 Original Press Release:
Our commitments include net zero status, water neutrality, circular economy of plastics, diversity in the workforce, sustainable products and sustainable sourcing. Sustainability is becoming a key deciding factor during consumers’ buying journey and this is shaping the evolution of businesses. It is also increasingly becoming a key consideration for all stakeholders including shareholders, employees, and business partners. TCP’s Sustainability strategy draws learnings from several sources such as the UN’s Sustainability Development Goals (SDGs), materiality analysis conducted with a wide cross-section of our stakeholders, industry trends, regulatory requirements and scientifically developed targets. Below are some key highlights from the report. The complete report can be viewed here * Better Sourcing: Sustainable value chains from farm to shelf This encompasses raw material sustainability, supply chain traceability and sustainable agriculture. Highlights FY 2021-‘22 700 mn kg tea sustainably transformed in
59% of Tata Tea portfolio verified by trustea- a sustainability code and verification system for the tea sector in
100% of Tetley tea in the international business is
Tetley
Targets 100% sustainably sourced critical raw materials by 2040 100% critical supplier assessments across all geographies by 2030 * Better Nutrition: Improved access to healthy, safe and natural food for all This includes responsible marketing, product stewardship, access to nutrition and consumer connect Highlights FY 2021-‘22 25 new products launched in
Innovation to sales 2x of previous year Recognition for excellence in packaging innovation 500 tonnes reduction in packaging material Targets: Increasing the reach of our product portfolio from 200 mn households to 250 mn by 2030 100% sustainable products by volume by 2040 as defined by our sustainable product index covering sourcing, manufacturing, wellness, packaging and supplier sustainability * Better Planet: clean energy, replenished water, preserving biodiversity, pioneering circular economy This includes initiatives across driving net zero, water conservation, preserving nature and bio diversity and taking an active role in pioneering circular economy. Highlights FY 2021-‘22 Carbon footprint decreased by 26% from 2010 to 2021, despite a much larger scope of business after the merger 24% of our current energy needs in the
Tea packeting centers generated 47% higher solar energy compared to FY 2020-‘21 Targets Net Zero by 2040 across all geographies Water neutral across all operations by 2030 Zero waste to landfill across all geographies by 2030 100% of packaging material to be recyclable, compostable or reusable across all geographies by 2030 * Better Communities: enhance the quality of life and create shared value for our communities. Foster an equitable, inclusive, and safe working culture This includes initiatives across community engagement, equitability, employee health & well being, and human rights. Highlights FY 2021- ‘22 80% of laminates used in salt packaging were recyclable All our beverages factories worldwide are zero waste to landfill Non hazardous waste recycled through authorized vendors Rainwater harvesting and groundwater recharge at select locations Targets Positively impact 2 million beneficiaries by 2030 50% diverse workforce by 2030 Speaking about the release of the Sustainability Report, Sunil D’Souza, MD & CEO,
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[Category: Consumer Products, Fast Moving Consumer Goods (FMCG), ESG, New Offerings]
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