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Home / Business / Godrej and Boyce to generate 30% revenue from eco-friendly products

Godrej and Boyce to generate 30% revenue from eco-friendly products

Chairman Jamshyd N. Godrej said that the company has invested more than Rs 500cr towards ESG initiatives over the last 10 years with a 16% year on year growth
Representational image.

A Staff Reporter   |   Calcutta   |   Published 20.10.21, 01:33 AM

Godrej group flagship — Godrej and Boyce — on Tuesday said that the diversified company is aiming to generate one-third of its revenue in 2021-22 from environment friendly products. The target is part of the company’s environment, social and governance (ESG) goals in the next 10 years.

Godrej and Boyce chairman Jamshyd N. Godrej said that the company has invested more than Rs 500 crore towards ESG initiatives over the last 10 years with a 16 per cent year-on-year growth. The company has invested Rs 18 crore in skilling initiatives and has facilitated green building footprints of more than 300 million square feet across projects, including manufacturing facilities and buildings of its own.

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“We are working relentlessly to contribute towards India’s Sustainable Development Goals (SDGs) for 2030, while simultaneously creating value for our business, the communities and the planet through our unique and scalable initiatives,” said Godrej.

Among the other ESG initiatives that the company plans to follow are reduction of carbon intensity by 60 per cent by 2030, introducing recycled content up to 25 per cent in plastic product packaging and remaining water positive.  

Kamal Nandi, EVP and business head of Godrej Appliances, said the business uses 50 per cent renewable energy in its manufacturing facilities across the country. The company has also collected and recycled 39,900 MT of e-waste.



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