DRMumbai: The Indian Hotels Company Limited (IHCL) has been recognized by the Indo-German Chamber of Commerce (IGCC) for its Outstanding Contribution towards Best Sustainable Business Practices by a Large Enterprise.
Mr. Puneet Chhatwal, Managing Director and Chief Executive Officer at IHCL said, “This award recognizes IHCL’s achievements in building sustainable practices. The Tata values remain at the core of our operations and through these initiatives our commitment to creating shared value for our stakeholders, communities and planet remains our steadfast foundation.”
IHCL had recently released its 13th Sustainability Report, in an upgrade to the rigorous GRI Standards reporting framework. Phasing out single-use plastic, exploring renewable energy and strengthening water security are IHCL’s initiatives towards environmental stewardship. In the last year alone, 33 per cent of water consumed in IHCL’s global operations was reused and recycled onsite. Of IHCL’s total energy consumption, 21 per cent is from renewable energy such as wind and solar power, saving 55,454 tons of CO2 emissions.
In addition, the company sources goods and services through NGOs and vendors from underprivileged groups in order to give back to local communities, and runs skill centres for youth from remote areas in order to bridge the skill and employability gap.
