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Overview
The Tata group recognised the need to protect and conserve the world's natural resources long before it became a mantra of
modern business.
EFFECTIVE WASTE MANAGEMENT IMPROVES BUSINESS PERFORMANCE IN TERMS OF:
Minimising environmental impacts and mitigating associated risks is one of the driving principles of Tata Group's Sustainability Policy. While Tata companies have been complying with waste management laws in their respective geographies, a lot of scope exists to 'lead by example' in the area of waste management.
‘Reduce, Reuse and Recycle’ are no more just buzz words but have become a competitive advantage as they lead to cost reduction, resource optimisation and brand building.
Conventionally most production and consumption systems in industrialised economies rely on one-time use of resources. Only 20 out of 60 metals, for example, have an end-of-life recycling rate of 25 percent or more. The increasing resource constraints are now compelling companies to reframe their approach to materials management and enhance resource productivity. Instead of ‘Waste Management’, the focus is shifting towards ‘Capturing Value’ from resources throughout the life-cycle of a product. (Source: McKinsey co.)
PRODUCT STEWARDSHIP AND CIRCULAR ECONOMY
One of the leading principles of the Tata Group Sustainability Policy is embodying the concept of product stewardship by enhancing health, safety, environmental and social impacts of products and services across their lifecycles.
We are actively building a knowledge repository of upcoming concepts like 'Circular Economy' within Tata companies. TSG organised capacity building programmes on this concept, involving think-tanks like Ellen Macarthur Foundation and showcasing initiatives of Jaguar Land Rover. We believe that the adoption of these concepts in the present business systems will transform the way we look at “Waste Management”.
To explore possibilities of product life-cycle management, a few Tata companies like Jaguar Land Rover and Tata Motors have already taken significant steps.
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