Taking The Sustainable Path

At the 3rd edition of the Sustainable World Conclave 2023, an annual event organised by BW Businessworld, Sunil D'Souza, CEO & Managing Director, Tata Consumer Products, voiced his opinions on certain aspects which are crucial for the overall operations of a successful sustainable company that help align them perfectly with the needs of the consumer at present and, additionally be beneficial for all. 

In a very simple and transparent approach, D'Souza spoke about his beliefs, which mainly included five traits for further growth of Tata Consumer Products and potentially being an even more responsibly inspired organisation. According to him, everything they are doing is being driven with the sole purpose of the overall good of society. The five traits which he believes are necessary for the growth of any sustainable company are: 

1.Environmental Consciousness

2.Social Responsibility

3.Ethical Business Practices

4.Innovation and Adaptability

5.Stakeholder Engagement

While talking about these five traits, he said that none of them were mutually exclusive and reinforced each other. He added that a truly sustainable company integrates these principles into its DNA, making sustainability an integral part of business strategy, decision making process and its corporate culture. 

He also described how Tata Consumer Products has been working on sustainability. The ethos of nation and community building are embedded in their methods of functioning, D'Souza said. With future goals and parameters in mind, the mission is to set even more targets and work very closely with their stakeholders, partners, suppliers and customers. He was confident that by continuing with positivity and incorporating the aforementioned traits, they will reach even greater heights. 

“We have a long way to go and we have made decent progress on new initiatives already. As part of our commitment to mitigating climate change, we have included sustainability practices in our operations and we have put in place a robust risk management process,” he said. 

“Sustainability is not just an ethical imperative but also a strategic business decision. Companies are beginning to understand that integrating sustainable practices into their operations can yield long-term benefits such as continuity of their operations, cost savings, enhanced brand reputation and enhanced competitiveness,” D'Souza concluded. According to him, the consumers, especially, the younger generation are increasingly demanding environmentally responsible products and services.