Tata Power conferred with Sustainable Plus Platinum status by CII

Tata Power has announced that it has been recognized as one of India’s most sustainable companies with the Sustainable Plus Platinum Label for FY2015. The company has received a high Sustainability rating ‘A’ for its Sustainability performance according to a new assessment done by Confederation of Indian Industry (CII).

Tata Power’s Sustainability Policy integrates economic progress, social responsibility and environmental concerns with the objective of improving quality of life. The Company continues to undertake efficient and sustainable business strategies for the holistic growth and development of its business and its communities. Tata Power has also adopted the guidelines laid down by the Global Reporting Initiative (GRI) for its Sustainability Reporting which encompasses the 'triple bottom line' (TBL) approach i.e. focus on financial, social and environmental performance.

Sustainable Plus undertakes a comprehensive Environment, Social and Governance (ESG) analysis, of top 100 companies across 20 sectors which contributes to ~95 per cent of India’s GDP. The sectors pan across Telecom Services, automobile, IT, construction, oil and gas amongst others. The assessment helps companies to measure their performance, improve market opportunities as well as identify the challenges that affect the sustainability of their business.

Speaking on the achievement, Mr. Anil Sardana, MD & CEO, Tata Power, said, “We are honoured to receive this certification in recognition of our efforts to promote sustainability, safety and service quality. Tata Power is committed to achieving the highest possible standards in the areas of CSR and sustainability and our employees are committed to constantly creating value for our organisation. This achievement has further motivated us to continue our efforts in the area of sustainable development.”

Sustainable plus, the world’s first corporate sustainability label by CII-ITC Centre of Excellence, offers companies a brand identity tool to communicate to relevant stakeholders, their sustainable, responsible and well governed business operations. Out of the 100 companies shortlisted, 10 companies received the Sustainable Plus Platinum, 7received the Sustainable Plus Gold, and 83 companies receivedthe Sustainable Plus Bronze label.