Tata Consumer Products announces sustainability targets and commitments across its operations; targets include 100% sustainably sourced critical raw materials by 2040 and 100% critical supplier assessments across all geographies by 2030

Sample article from our Food & Beverage

August 9, 2022 (press release) –

Tata Consumer Products (TCP), the consumer products company uniting the principal food and beverage interests of the Tata Group under one umbrella, has announced sustainability targets and commitments across its operations. TCP released its Business Responsibility and Sustainability report (BRSR) audited by British Standards Institute (BSI), which lays out its Sustainability Strategy ‘For Better Living.’ The report aims to further enhance and strengthen TCP’s ESG disclosure. It lays out the company’s sustainability strategy based on inputs from multiple stakeholders and includes holistic goals and targets across various parameters.

Key Highlights:

Highlights FY 2021-‘22

* 700 mn kg tea sustainably transformed in India via trustea, a sustainability code co-founded by TCP

* 59% of Tata Tea portfolio verified by trustea- a sustainability code and verification system for the tea sector in India

* 100% of Tetley tea in the international business is Rainforest Alliance certified

Targets

* 100% sustainably sourced critical raw materials by 2040

* 100% critical supplier assessments across all geographies by 2030

Original Press Release:

Aug. 8 -- Tata Consumer Products Limited issued the following news release:

Tata Consumer Products (TCP), the consumer products company uniting the principal food and beverage interests of the Tata Group under one umbrella, has announced sustainability targets and commitments across its operations. TCP released its Business Responsibility and Sustainability report (BRSR) audited by British Standards Institute (BSI), which lays out its Sustainability Strategy ‘For Better Living.’ The report aims to further enhance and strengthen TCP’s ESG disclosure. It lays out the company’s sustainability strategy based on inputs from multiple stakeholders and includes holistic goals and targets across various parameters. The strategy encompasses four key areas- For Better Nutrition, For Better Sourcing, For a Better Planet and For Better Communities. The report aims to communicate the company’s ESG journey roadmap and progress updates on our projects.

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 India via trustea, a sustainability code co-founded by TCP

59% of Tata Tea portfolio verified by trustea- a sustainability code and verification system for the tea sector in India

100% of Tetley tea in the international business is Rainforest Alliance certified

Tetley UK & USA recognized as Amazon Climate Pledge friendly, representing our support for natural ecosystems

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 India and other geographies

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 India supply chain network are met by solar power

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, Tata Consumer Products said “ In tandem with Tata Consumer’s transformation journey, our ESG agenda has evolved to become sharper and more integrated. Our recently launched Sustainability Report underscores the importance of embedding sustainability across our operations. It details our Sustainability strategy ‘For Better Living’ comprising net zero, sustainable sourcing, natural resource management, circular economy, and community development. We have made specific commitments across these areas with the intent of laying out a clear roadmap to achieve our sustainability goals. We remain committed to growing our business in a responsible manner and will continue to strengthen our sustainability agenda further.”

About Tata Consumer Products Limited

Tata Consumer Products Limited is a focused consumer products company uniting the principal food and beverage interests of the Tata Group under one umbrella. The Company’s portfolio of products includes tea, coffee, water, RTD, salt, pulses, spices, ready-to-cook and ready-to-eat offerings, breakfast cereals, snacks and mini meals. Tata Consumer Products is the 2nd largest branded tea company in the world. Its key beverage brands include Tata Tea, Tetley, Eight O’Clock Coffee, Tata Coffee Grand , Himalayan Natural Mineral Water, Tata Water Plus and Tata Gluco Plus. Its foods portfolio includes brands such as Tata Salt , Tata Sampann, Tata Soulfull and Tata Q. In India , Tata Consumer Products has a reach of over 201 million households, giving it an unparalleled ability to leverage the Tata brand in consumer products. The Company has a consolidated annual turnover of ~Rs. 12,425 Crs with operations in India and International markets. For more information, please visit https://www.tataconsumer.com/

Source: Tata Consumer Products Limited

[Category: Consumer Products, Fast Moving Consumer Goods (FMCG), ESG, New Offerings]

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