Tata Technologies Limited
Climate Impact & Sustainability Data (2023-24)
Reporting Period: 2023-24
Environmental Metrics
Total Energy Consumption:70,29,875 KWH/year (India)
Water Consumption:86,727 KL/year
Waste Generated:28.686 tons/year (e-waste, India)
ESG Focus Areas
- Sustainability
- Diversity & Inclusion
- Employee Well-being
- Community Development
- Environmental Protection
Environmental Achievements
- Reduced energy consumption by 14% compared to pre-pandemic levels (partially attributed to work-from-home)
- Recycled and reused 12% of total water consumption
- Planted 140 trees resulting in CO2 sequestration of 2,800 kgs
- Recycled 28.686 tons of e-waste
Social Achievements
- Launched RoundGlass Living, a holistic well-being program
- Launched Reignite program for women engineers on career break
- Rainbow program focusing on onboarding, training, coaching, and mentoring high-potential women
- Empowerment Via Education (EVE) program provided scholarships to 292 women students
- Ready Engineer program impacted over 7,866 engineering students
- Increased average learning hours per employee from 26.3 to 48.7
Governance Achievements
- Successful IPO with 73.4 lakh retail applications
- Established a robust Enterprise Risk Management (ERM) framework
- Implemented a system-based compliance tool, “iComply”
- Adopted ISO 9001:2015, AS9100D:2015, ISO 27001:2013, ISO 45001:2018, and ISO 14001:2015 certifications
Climate Goals & Targets
Long-term Goals:
- Carbon neutral and 100% renewable energy before 2045
Environmental Challenges
- Client concentration in the automotive sector
- Credit risk with new OEMs (startups)
- Protectionism and regulatory changes
- Data security/cyber-attacks
- Exchange rate fluctuations
- Shortage of skilled workforce
- High attrition rates
Mitigation Strategies
- Diversifying client base
- Strengthening due diligence and credit review processes
- Employing currency hedging strategies
- Implementing data loss prevention (DLP) measures and enhancing cybersecurity defenses
- Investing in learning and skill development initiatives
- Implementing inclusive people practices and creating a supportive work environment
Supply Chain Management
Climate-Related Risks & Opportunities
Sustainable Products & Innovation
- Lightweight structures for EVs
- ICE2EV conversion solution
Awards & Recognition
- Best B2B Brand - GOLD award
- Best Storytelling award at ET Brand Equity award 2023
- NASSCOM quarterly spotlight award
- NASSCOM Digital Skills award