Page 158 - Tata_Chemicals_yearly-reports-2019-20

The Company has strategy, which includes identifying for climate change and water management. The
opportunities for carbon abatement, investing in low Company’s Mission Jal programme is the strategy for
carbon growth and tapping into opportunities presented addressing water footprint outcomes through the value
by the emerging low carbon technologies. It has identified chain.
abatement levers, low carbon growth opportunities and
carbon offset opportunities towards that end. The carbon • CdP’s carbon action initiative facilitates in the
abatement measures are chosen on the basis of the implementation of cost-effective greenhouse gas
techno-commercial feasibility of implementation, maturity emission reduction initiatives in line with emerging
and availability of technologies and the magnitude of best practices. It is becoming increasingly important
emissions reduction. The Company has adopted shadow that they are able to evaluate exposure of a specific
carbon pricing and has signed up for Science Based Target company to the material risks and opportunities
initiative and is working on establishing carbon reduction presented by climate change, both in its direct
targets. operations and in its value chain. The Company uses
the power of measurement and information disclosure
Biodiversity to improve the management of environmental risk. The
• The Company conducted Environmental Impact Company is responding to CdP since FY 2008-09 and is
Assessment studies to assess the impacts of its consistently maintaining its position. The Company has
operations on nearby biodiversity and surrounding also started CdP water reporting in FY 2012-13. CdP’s
environment periodically. supply chain programme enables the Company to
implement successful supplier engagement strategies,
• While operating in harsh ecological conditions/semi- reduce upstream emissions, control water impact and
arid conditions at Mithapur site, the Company has manage risk in a changing climate. The Company has
restored the ecological balance in the surrounding also decided to use Carbon price as another tool to
habitats by converting waste lands into greenbelt.
assess projects before implementing them.
• The Company’s commitment towards continual
improvement has triggered programmes such as • For more information, visit:
mangrove conservation and regeneration at West http://sustainability.tatachemicals.com/SoAoP.htm
Coast near Mithapur and at East Coast for Aila affected
region of Sundarban near Haldia. 3. Does the Company identify and assess potential
environmental risks?
• For preserving biodiversity of okhamandal, the
Company conducted biodiversity reserve plantation Yes, the Company has a formal process for Enterprise
project, implemented with the support of employee Risk Management (‘ERM’). Through ERM process
volunteers, seeks to preserve indigenous vegetation. and Strength Weakness opportunity Threat
Under the project, a total of 150 acres have been (‘SWoT’) analysis, potential environmental risks are
afforested with 133 native species of vegetation. identified at business level. The identified risks are
assessed. Relevant action plans are prepared for the
• The Company’s salt works provide a safe habitat for a mitigation of risks and it is periodically reviewed.
number of migratory aquatic birds, who use this space The Company has also adopted ISo-14001 and is a
to roost and breed. The Company continues to be good signatory to Responsible Care which guides the Company
hosts to them.
as and when required. Aspect-Impact analysis with rating
• The Company has also adopted Tata group initiative on system is in place for assessing operational environmental
valuation of natural capital programme for Chemicals impacts at site. Impact register is periodically reviewed
business to pilot the protocol developed by Natural for keeping it updated and for improving environmental
Capital Coalition. performance. Environmental Management Plan (‘EMP’) is

Water Management, Water Foot printing, Carbon Foot in place for mitigating the environmental impacts thus
printing reducing operational environmental risks. The Company
has also initiated LCA for its major products to estimate
• Life Cycle Assessment (‘LCA’) Study for key products, environmental impact over its life cycle. The Company
Carbon Footprint (‘CFP’) and Water Footprint (‘WFP’) had conducted environment impact assessment by third-
assessment for all sites were taken up. Based on these party for Mithapur plant in FY 2018-19.
assessments, the Company derived targets and strategy

156 I INTEgRATEd ANNUAL REPoRT 2019-20