Tata group only Indian business house in DNV GL’s “Future of Spaceship Earth” report

Posted by: at 1/31/2017 01:31:00 am
Global report highlights Tata group’s efforts towards eradication of poverty


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(L to R) Mr. Sunil Mathur, Managing Director and Chief Executive Officer, Siemens India, Mr. Luca Crisciotti, Chief Executive Officer, DNV GL - Business Assurance along with the Chief Guest Mr. Amitabh Kant, Chief Executive Officer, Niti Aayog (center) at the launch of the “Future of Spaceship Earth” report by the Tata group and DNV GL along with, Mr. Venu Nair, Managing Director, Marks and Spencer, India and Dr. Mukund Rajan, Chairman, Tata Global Sustainability Council.

Tata group only Indian business house in DNV GL’s “Future of Spaceship Earth” report

January 30th, 2017: The global assurance company DNV GL, in association with the Tata group, today launched its Future of Spaceship Earth report on The United Nations’ 17 Sustainable Development Goals (SDGs). Mr. Amitabh Kant, Chief Executive Officer, NITI Aayog, was the chief guest at the launch.

The report showcases 17 global companies that are driving extraordinary progress on each of the global goals. Among them, it highlights the Tata group's efforts to achieve the first sustainable development goal of eradicating poverty. Noting that the road to reaching these goals may be challenging, both in terms of time and environmental costs, the report concludes that many of the goals will make good progress across several world regions.

The report captures the Tata group’s approach towards poverty eradication in three ways: by producing affordable goods and services for the poor; creating employment opportunities, both within the companies and in the supply chain around them; and, finally, through involvement in communities beyond philanthropic activities toward more strategic efforts at creating value for the people. The Tata group has always been committed to integrating environmental, social, and ethical principles into its core business. The culture of giving back to society flows from the tradition of nation and community building sowed more than a century ago by founder Jamsetji Tata.

DNV GL launched a project to forecast the extent to which the SDGs would be achieved by 2030, including private sector solutions for attaining them. Based on their analysis and inputs from 17 global companies, all members of the UN Global Compact, the Future of Spaceship Earth report was unveiled during the United Nations’ Climate Week in New York in September 2016. These companies featured are the Tata group, Danone, HiTechnologies, ARM, Symantec, Grundfos, SolarWorld, NYK, Hydro, Safaricom, Siemens, Marks & Spencer, Iberdrola, Cermaq, APP, Calvert Investments, and Unilever. The report not only focuses on the forecast for reaching the SDGs, it also dives into private sector solutions for attaining them. The SDGs have become a blueprint for companies to reshape and future-fit their businesses.

Dr. Mukund Rajan, Chairman, Tata Global Sustainability Council said, “The SDGs present an unprecedented opportunity for business-led solutions to help address the world’s biggest social and environmental challenges. We are extremely happy to have collaborated with DNV GL in this report and look forward to partnering with different stakeholders to contribute to achieving the SDGs by 2030. Working across diverse business sectors gives the Tata group a unique breadth and robustness when it comes to providing employment opportunities and promoting social inclusion; one such initiative is the Tata Affirmative Action Programme (TAAP), a group initiative, launched in 2007, through which the group educates, employs and empowers the underprivileged sections of society, without sacrificing merit or quality.”

Mr. Luca Crisciotti, Chief Executive Officer, Business Assurance, DNV GL said,
“We know that the scale of the challenge is such that urgent, extraordinary actions are needed. For the most part, businesses have the technology, people and processes to address the goals. We do not necessarily lack solutions, but ability to scale these interventions. DNV GL’s Spaceship Earth report reveals that not even half of the goals will be met in any of the regions at the current pace. Therefore, we must launch into an extraordinary collective effort together to reach the SDGs; the question being ‘What can businesses do to lead the charge? Through the report, we wanted to demonstrate how businesses are responding but also educate, inspire and encourage rapid learning and action.”

The key findings from the report were presented by DNV GL. The highlight of the evening was a panel discussion on ‘Corporate Commitment to the SDGs: Choices and Challenges’ with Sunil Mathur, Managing Director, Siemens India; Nisha Agrawal, Chief Executive Officer, Oxfam India; Venu Nair, Managing Director, Marks and Spencer India and Louis-Georges Arsenault, Representative UNICEF, India. Shankar Venkateswaran, Chief, Tata Sustainability Group, was the moderator for this session. Attending the event were government officials, private sector companies, industry associations, multilateral and bilateral agencies, NGOs and India representatives of the other participating companies in the report.

About the Tata group: 
Founded by Jamsetji Tata in 1868, the Tata group is a global enterprise, headquartered in India, comprising over 100 independent operating companies. The group operates in more than 100 countries across six continents, with a mission 'To improve the quality of life of the communities we serve globally, through long-term stakeholder value creation based on Leadership with Trust'. Tata Sons is the principal investment holding company and promoter of Tata companies. Sixty-six percent of the equity share capital of Tata Sons is held by philanthropic trusts, which support education, health, livelihood generation and art and culture. In 2015-16, the revenue of Tata companies, taken together, was $103 billion. These companies collectively employ over 660,000 people. Each Tata company or enterprise operates independently under the guidance and supervision of its own board of directors and shareholders. There are 29 publicly-listed Tata enterprises with a combined market capitalisation of about $116 billion (as on March 31, 2016). Tata companies with significant scale include Tata Steel, Tata Motors, Tata Consultancy Services, Tata Power, Tata Chemicals, Tata Global Beverages, Tata Teleservices, Titan, Tata Communications and Indian Hotels.
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