GODREJ & BOYCE CONTINUES TO SHAPE RESPONSIBLE CHOICES
~Targets 50% revenues from Good and Green products by 2032*
Chennai: Godrej & Boyce, the flagship company of the Godrej Group, today, announced its transformative Sustainability targets for 2032. Rooted in a vision where profitability aligns seamlessly with conservation, the company aims to spearhead responsible choices for all Indians, setting a groundbreaking goal to derive 50% of its revenues from its Good & Green product portfolio within the next decade.
Jamshyd N Godrej, Chairman and Managing Director of Godrej & Boyce, underscored the unparalleled economic opportunity that sustainability presents. He said, “Our vision isn’t merely about growth but about sustainable progress in harmony with our planet, driven by meaningful collaborations at all levels. In the last decade, we have achieved some critical milestones in our sustainable journey and have taken an equivalent stretch for the decade ahead. From moving towards a wholly green supply chain, improving our skilling programs to increase employability to generating atleast 50% of our revenues from Good & Green products, we are scaling up our sustainability targets, demonstrating our firm commitment to climate action and societal development”
Godrej & Boyce has further fortified its criteria for Good & Green products, emphasizing stringent environmental and social parameters. Green products champion resource efficiency, low carbon emissions, recyclability, and the use of sustainable materials while eschewing toxic substances. Simultaneously, Good products align with Sustainable Development Goals (SDGs), championing vulnerable communities and supporting national programs in crucial areas such as infrastructure, clean energy, and resource safety.
As the company celebrates a decade of its Good & Green ethos, notable milestones include generating over one-third of revenues from this approach, facilitating over 600 green buildings, doubling energy productivity, and providing vocational skills training to over 180,000 youth. Most Godrej & Boyce factories have achieved CII-GreenCo certification, with 7** securing the prestigious ‘Platinum’ status, embodying the organization’s sustainability-first mindset in design processes and operational practices.
The Sustainability targets for the next decade are set to redefine possibilities, including earning 50% of revenues through Good & Green Products, achieving a 60% increase in energy productivity, a 60% reduction in carbon intensity, a 40% share of renewable energy, 100% net-zero buildings, and 80% domestic buying from green suppliers. These amplified sustainability targets underscore the company’s visionary perspective on economic opportunity and the holistic progress of the nation.
Godrej & Boyce’s resolute commitment to sustainability is not just a corporate mandate but a transformative force charting the course for a sustainable tomorrow. For further details on the company’s journey and the unveiling of its 2032* Sustainability goals, please visit our microsite.
*Year 2032 is the completion of the next decade of Godrej’s Good & Green journey (G&G). The first decade of G&G spanned the period- 2012-2022.
**G&B Platinum rated factories: Godrej Appliances (2), Interio (2), Locks, Lawkim, Precision Engineering
About Godrej & Boyce Mfg. Co. Ltd.
Godrej & Boyce (G&B), a Godrej Group company, was founded in 1897, and has contributed to India’s journey of self-reliance through manufacturing. G&B patented the world’s first springless lock and since then, has diversified into 14 businesses across various sectors from Appliances, Furniture, Security, Material Handling, Aerospace, Defence, Industrial products to Infrastructure. Godrej is one of India’s most trusted brands serving over 1.1bn customers worldwide daily. For more information, visit www.godrej.com.
For more information, contact:
Yashodhara Roy
Corporate Communication & PR, Godrej & Boyce
yroy@godrej.com
Khurram Aslam: +91-7541817141,
Sr. Manager, Avian WE
khurrama@avianwe.com