Question: Does the company have strategies or initiatives in place to address global environmental issues such as climate change and global warming?
Answer:
Yes
4592513
2017
Verified by Community
updated about 4 years ago by Nitish Kumar Parihar

Annual Report 2016-17, pg 168-169

 

"As a responsible Company, Tata Power addresses global long term challenges such as climate change and diminishing resources in a socially, ecologically and economically responsible manner. As per the Company’s strategic intent, Tata Power aims to generate 30-40% of its generating capacity from non-fossil sources like hydro, solar, wind, waste heat recovery etc."

 

"The Company has Clean Development Mechanism (CDM) projects registered with United Nations Framework Convention on Climate Change (UNFCCC). Tata Power currently has five of its renewable projects registered under the CDM program by UNFCCC. These projects include Wind Projects at Gadag, Karnataka, Khandke, Maharashtra, Samana and NewGen Saurashtra in Gujarat. The Company also has Mithapur Solar Project registered under CDM. In FY 2016-17, volume of 2,34,650 Carbon Credits (CERs) were traded from these projects collectively. The gross revenue generated from such sale is ` 10.90 crore."

 

"Tata Power has a specific policy, timelines and targets for adoption of renewable energy and deployment of cleaner technologies. The Company’s mission “Being the Lead Adopter of Technology with a spirit of pioneering and calculated risk taking” enables adoption of advanced / disruptive technologies as well as develop some products and technological processes (value added f ly ash products, blending of coal, network management / restoration techniques in T&D etc.) through a structured short / medium & long term technological roadmap."

 

"Tata Power is in compliance with the prescribed permissible limits as per Central Pollution Control Board (CPCB) /State Pollution Control Board (SPCB) for air emissions, effluent quality and discharge, solid and hazardous waste generation and disposal. Compliance reports/statements are submitted to SPCB as well as Regional Office of Ministry of Environment, Forest & Climate Change (MoEF&CC) regularly, as applicable."

 

Sustainability Report 2016-16, pg 35-36

 

"At Tata Power, as a commitment towards combating climate change, emissions are tracked regularly and assessment carried out on a yearly basis as per the World Business Council for Sustainable Development (WBCSD) guidelines and GHG protocol."

 

"Tata Power has historically been a leader in foraying into Non-Carbon Emitting Sources (NCES) with its hydro power station being commissioned in 1915. This is more so evident now with the strategic intent of the company, which endeavours to generate 30-40% share of generation capacity to be non-fossil (including hydro) by 2025."

 

Data on emissions is also given in the Sustainability report 2015-16 on pg 36.

Nitish Kumar Parihar.....2018-12-22 09:14:26 UTC