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: Training 1 million rural and urban youth in skilled employment.
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: Achieving zero waste, carbon neutrality, positive water balance and a 30% renewable energy source.
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: Having a third of our portfolio revenues comprising good and/or green products and services – defined as products that are environmentally superior or addresses a critical social issue (e.g., health, sanitation, disease prevention) for consumers at the bottom of the income pyramid.