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This is actioned through minimising our environmental impact while also preserving biodiversity by protecting wildlife and vegetation, as well as raising awareness among employees and local communities. All our locations are being covered through focussed Biodiversity Action Plans and there are key projects undertaken as per the ecology and intervention required. In this journey, we also invite specialists and partners to help multiply the positive impact of the on-ground interventions.
In an ambitious endeavour we've completed comprehensive Biodiversity Impact Assessments across all Thermal and Hydro sites, as well as renewable operational sites adjoining protected areas and regions of high biodiversity value outside protected areas.
In partnership with Ela Foundation, we have mapped the existing biodiversity and calculated carbon sequestration potential using a mix of on-ground study and Geographic Information System (GIS) technology in the Maharashtra region where our Hydro generation operates. This is especially significant as this region is rich in its biodiversity and falls adjacent to the North Western Biodiversity hotspot. The survey identified 395 large trees and 2,260 tall trees across nine Tata Power sites in the hydro catchment areas. The abundance of greenery and invaluable biodiversity preserved in the location is testimony to the conservation activities carried out in the region for over 5 decades. The findings will guide efforts to further improve green cover and carbon sequestration in the region, benefitting the local environment and community.
Mundra Plant has also conducted a Remote Sensing - Geographic Information System (RS-GIS) mapping study to develop a systematic intervention in Mundra plant's challenging 453.04 ha Greenbelt area. In collaboration with Kutch University, a Certified Greenbelt Map was created, aligning with SDG 13 (climate action). This initiative enhanced resource management, tree survival, fire management, and land use-cover. With over 70 dry land species, it achieved an 80% increase in tree survival, reducing drudgery, manpower, and costs while building trust. The model adheres to CDM, UNFCCC Paris Agreement, and introduces a versatile plantation approach in the region.
Mangroves are another biodiversity hotspot which act as potent carbon sinks, protect the coasts, maintain and improve water quality and provide essential resources and livelihoods to communities. Tata Power recognizes the need to propagate further awareness on Mangrove ecosystems and facilitate preservation as a comprehensive step towards Climate Action. Tata Power has signed an MoU with Godrej Boyce for Mangrove Conservation Awareness and Outreach Program ("Project") to extend awareness about conservation of Mangroves in India through its extensive Club Enerji network and its volunteering programs.
Coastal Gujarat Power Limited (A Tata Power Company) has carried out mangrouve plantation over 1000 hectare area under the 'Project of Restoration, Plantation & Conservation of Mangroves' along the Gujarat Coast at Kantiyatal Village of Hansot Taluka, Bharuch district from 2011 - 2014.
Our efforts to promote biodiversity conservation have led to a rich repository of knowledge about the flora and fauna of the Western Ghats. This has been catalogued and published as books along with our partner Ela Foundation. These books include detailed accounts of conservation efforts for endangered species, pocket guides on birds and wild orchids, as well as photographic guides on reptiles and amphibians in the region, providing valuable insights into the unique biodiversity of the Western Ghats and the efforts being made to protect it.
Tata Power demonstrates its commitment to the preservation of biodiversity through the integration of key biodiversity risks into its Enterprise Risk Management framework. Tata Power aims to further enhance its approach by incorporating the identified nature-related risks into its risk management processes, thereby strengthening its proactive stance in managing ecological impacts.
The part of our Biodiversity related risk assessment, Tata Power along with CII-IBBI carried out pilot testing TNFD (the Taskforce on Nature-related Financial Disclosures) framework V0.4 for its thermal, hydro and renewable sites
As part of our Biodiversity related risk assessment, Tata Power along with CII-IBBI carried out pilot testing TNFD (the Taskforce on Nature-related Financial Disclosures) framework V0.4 for its thermal, hydro and renewable sites
Through the pilot assessment, we intend to collaboratively shape a comprehensive framework that is not only market-ready but purpose-fit, catalyzing sustainable practices across industries.
Gaining insights on the usefulness and usability of the TNFD framework from market participants themselves to help shape the content of the final framework and make it market ready and fit for purpose.
As part of this initiative, we seek to enhance the skills and knowledge of our staff to effectively address emerging Environmental, Social, and Governance (ESG) regulatory requirements. The experiences and lessons learned by participants during the pilot testing phase will be transformed into practical use cases. These valuable resources will contribute to the TNFD Knowledge Bank, aiding market participants in comprehending and implementing TNFD requirements.
We are dedicated to better understanding the challenges organizations face in acquiring accurate and robust data for biodiversity risk assessments. Through this pilot testing, we aim to identify data gaps and explore potential solutions to address these challenges effectively.
Provide feedback on the TNFD framework to help ensure the final framework is fit for purpose.