In conjunction with our vision for “brighter living” for all our stakeholders, we have developed a long-term vision for playing our part in creating a more inclusive and greener India. We have named this the Good & Green vision. By 2020 we aspire to do the following:
1. Ensuring employability
India has 600 million people below the age of 25 out of which only 80 million (13%) are employable. The effort is going to be on skilling these people such that they become employable.
Our Goal: To train 1 million rural and urban youth in skilled employment to increase their wage earning potential.
2. Creating a greener India
In order for our businesses to truly become sustainable, efforts will be focused on creating carbon neutral, zero waste, water positive and energy efficient businesses.
Our Goal:To become carbon neutral and water positive, achieve zero waste to landfill, reduce specific energy consumption and increase our renewable energy sources.
The Godrej Group has already been working on these goals as we are signatories to the CII code for Mission of Sustainable Growth (MSG) which is a 10-point program for ecologically sustainable business growth.
3. Innovating for good & green products
A good product/ service is that which addresses a critical issue for people living below the poverty line. The issue could be related to health, hygiene, water, sanitation, housing, education or livelihoods.
A green product / service is that which reduces energy, water or material consumption by 20%, GHG emissions by 20%, eliminates toxic materials or uses 100% recyclable, renewable and / or natural material.
Our Goal: To have a third of our portfolio revenues comprise good and/or green products and services – defined as products that are environmentally superior or address a critical social issue (e.g., health, sanitation, disease prevention) for consumers at the bottom of the income pyramid.