Tata Power has adopted guidelines laid down by the Global Reporting Initiative (GRI) for its Sustainability Reporting. The GRI guidelines encompass the 'triple bottom line' (TBL) approach which focus on financial, social and environmental performance. Using these guidelines the company can report its performance on 79 parameters in these three core areas. Tata Power prepared its first Corporate Sustainability Report in 2003 according to the GRI 2002 guidelines for the period of 1st April 2002- 31st March 2003. The second report titled “Responsible Growth & Beyond” for 2008-09 was published in December 2009 according to the new GRI G3 guidelines. The company has declared its intent to report on its sustainability performance at a frequency of every two years.
For more information on GRI please visit: http://www.globalreporting.org
Carbon Disclosure Project
The Carbon Disclosure Project is an independent not-for-profit organization holding the largest database of primary corporate climate change information in the world.
Thousands of organizations from across the world’s major economies measure and disclose their greenhouse gas emissions and climate change strategies through CDP. The Carbon Disclosure Project puts this information at the heart of financial and policy decision-making. Tata Power submitted its first report to the CDP for the period 2008-2009 and has declared its intent to make this disclosure on an annual basis.
For more information please visit: https://www.cdproject.net
United Nations Global Compact – Communication on Progress
The United Nations Global Compact is a strategic policy initiative for businesses that are committed to aligning their operations and strategies with ten universally accepted principles in the areas of human rights, labour, environment and anti-corruption. Tata Power has been a signatory to the UNGC since 2002 and has submitted three Communications on Progress since then.
Crusading for the Cause
Tata Power is one of the 53 companies to sign up for the Combat Climate Change (3C) initiative by a group of global companies that are seeking an integration of climate issues.
The company has appointed Dr. Yogendra Saxena as the Chief Sustainability Officer (CSO). Tata Power is the only energy organisation in India that has a person who directly reports to the Managing Director whose sole responsibility is to devise, and implement, ways in which the company can reduce its Carbon Footprint and its impact on the communities around its facilities.
Tata Power has created a Sustainability Advisory Council (SAC) that is chaired by the Managing Director. The SAC comprises of the other directors and heads of the functions that form the Sustainability Model. The SAC also comprises of external experts in the field of Climate Change, Environment and Societal Awareness. The main function of the SAC is to seer sustainability in the overall working of the organization and the eternal participants give a critique on our strategy, plans and also suggest the way forward.
The company is working on a clean technology interface with American Electric Power (AEP) of the US and the European energy major Vattenfall - a leader in the 3 C global initiative. The long term goals are to increase the installed capacity of no-carbon power sources and to reduce the Carbon Dioxide Intensity. The company is also working on different technologies that could help in achieving these long term goals.
Tata Power is a signatory to the United Nations Global Compact, a United Nations initiative that encourages businesses to adopt sustainable policies, and a member of the ‘corporate roundtable’ for sustainable development in India, which is backed and promoted by The Energy and Research Institute (TERI).
Tata Power has regular interactions with the Confederation of Indian Industry (CII) and TERI on preparing the power industry’s response to the Indian government’s National Action Plan on Climate Change. It is a member of the Chicago Climate Exchange — a voluntary greenhouse gases reduction and trading system — it is involved with the Cleantech Forum and is, in an effort to review new technologies, part of the Industrial Liaison Program (ILP) at the Massachusetts Institute of Technology (MIT).