Tata Sons’ innovative approach to reducing emissions
Mukund Govind Rajan, Chief Ethics Officer, Tata Sons
The We Mean Business coalition spoke to Mukund Govind Rajan, Chief Ethics Officer, Tata Sons at the Business and Climate Summit 2017 about the company’s innovative approach to reducing emissions.
Dr Rajan said: “A number of Tata Group companies clearly are responsible for significant emissions. If you look at our steel company, our power company, which has a significant thermal power generation capability, our motor car company, our chemicals company all of them in some form or fashion are impacting carbon emissions and have, thereby, an impact on the environment.”
“In all of these spaces we’re investing heavily in new innovation and research and development to try and reduce our emissions and indeed look at different business models through which we can perhaps completely eliminate the use of carbon-related fossil fuels.”
“To give you an example, in Tata Steel, the Hisarna Project it’s an international collaborative effort in the steel industry intended to reduce emissions in the steel industry and steel making by at least 20% over the next 3 years. Likewise in the power sector we’ve taken a commitment to generate 40% of our power or electricity through renewable sources by 2025. So 40% is going to be a significant change from where we’re currently with a largely thermal power focused entity.”
“So between innovation, between business models, I think we are committed to doing our bit to helping the environment and to reducing our emission footprint.”