Page 142 - Tata_Chemicals_yearly-reports-2020-2021

Integrated Annual Report 2020-21

data from its suppliers. The Company also works with the volunteers, seeks to preserve indigenous vegetation.
Government, NGOs on different projects for environmental Under the project, a total of 150 acres have been
protection. afforested with 133 native species of vegetation

The Company’s Policies - Safety, Health and Environment • The Company’s salt works provide a safe habitat for a
(SHE), Corporate Sustainability and Community number of migratory aquatic birds, who use this space
Development; extend support to all stakeholders to roost and breed. The Company continues to be good
influencing the entire value chain. This also helps in hosts to them
sustaining environmental impacts beyond the prescribed
limits and address social responsibility. • The Company has also adopted Tata Group initiative on
valuation of natural capital programme for chemicals
2. Does the Company have strategies/initiatives to address business to pilot the protocol developed by Natural
global environmental issues such as climate change, Capital Coalition
global warming, etc.? If yes, please give hyperlink for
webpage etc. Water Management, Water Footprinting, Carbon
Yes, the Company has adopted the Tata Group’s Climate Footprinting
Change Policy which is an integral part of the Company’s • Life Cycle Assessment (‘LCA’) Study for key products,
strategy to help the organisation's growth in a carbon Carbon Footprint (CFP) and Water Footprint (WFP)
conscious manner. assessment for all sites were taken up. Based on
The Company has signed up for the Science Based Target these assessments, the Company derived targets and
initiatives (SBTi) and has set for itself an absolute carbon strategy for climate change and water management.
reduction goal in line with Well Below 2 Degrees (WB2D). The Company’s Mission Jal programme is the strategy
It has identified abatement levers, low carbon growth for addressing water footprint outcomes through the
opportunities and carbon offset opportunities towards that value chain.
end. • CDP’s carbon action initiative facilitates in the
implementation of cost-effective greenhouse gas
The detailed strategy is being further enhanced with the help emission reduction initiatives in line with emerging
of a consultant along with techno-commercial feasibility of best practices. It is becoming increasingly important
implementation, maturity and availability of technologies and that they are able to evaluate exposure of a specific
magnitude of emission reductions. The Company has adopted company to the material risks and opportunities
shadow carbon pricing for reviewing its capital expenditure presented by climate change, both in its direct
and ensure a carbon conscious growth. 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 Company conducted Environmental Impact The Company is responding to CDP since FY 2008-09.
Assessment studies to assess the impact of its The Company has also started CDP water reporting in
operations on nearby biodiversity and surrounding FY 2012-13. CDP’s supply chain programme enables
environment periodically the Company to implement successful supplier
engagement strategies, reduce upstream emissions,
• While operating in harsh ecological
conditions/semi-arid conditions at Mithapur site, the control water impact and manage risk in a changing
Company has restored the ecological balance in the climate. The Company has also decided to use
surrounding habitats by converting waste lands into Carbon price as another tool to assess projects before
greenbelt implementing them.
For more information, visit:
• The Company’s commitment towards continual http://sustainability.tatachemicals.com/SOAOP.htm
improvement has triggered programmes such as
mangrove conservation and regeneration at West 3. Does the Company identify and assess potential
Coast near Mithapur environmental risks?

• For preserving biodiversity of Okhamandal, the Yes, the Company has a formal process for Enterprise
Company conducted biodiversity reserve plantation Risk Management (‘ERM’). Through ERM process and
project, implemented with the support of employee Strength Weakness Opportunity Threat (‘SWOT’)

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