Tata Partners with LeadIT Initiative to Accelerate Transition Towards Net-Zero Emissions
London, 12 February 2024, (Oilandgaspress): – Tata Motors, a global leader in the automotive industry, announces its partnership with the Leadership Group for Industry Transition (LeadIT), a global alliance launched by the governments of Sweden and India at the UN Climate Action Summit in September 2019. As a member of LeadIT, Tata Motors will be able to harness the power of global best practices, influence policy-making, and together with other members strengthen its climate action plans, thereby accelerating its transition towards net-zero emissions.
Speaking on the development, SJR Kutty, Vice President and Chief Sustainability Officer, Tata Motors, said, “We are excited to join forces with LeadIT, a milestone that underscores our deep-rooted dedication to environmental sustainability. Our pledge to attain net-zero emissions across our Passenger Vehicles (PV) business by 2040, and our Commercial Vehicles (CV) business by 2045, is a testament to our commitment to a greener future. Joining forces with LeadIT propels us closer to these ambitious goals, facilitating our journey towards sustainable transformation. This collaboration will not only expedite our own transition but also catalyse a climate for change within the automotive industry. We eagerly anticipate working alongside other pioneering companies within LeadIT, creating a dynamic ecosystem of shared insights and collective advancement. Together, we aim to drive the automotive industry forward, championing a sustainable future for all.”
Expressing the group’s enthusiasm at welcoming Tata Motors into the group, Romina Pourmokhtari, Minister for Climate and the Environment, Sweden and Co-Chair of LeadIT, said, “This membership signals an important commitment to net zero from a leading global manufacturer in the supply chain. Demand signals are crucial for the transformation of our industry. Fostering dialogues and strengthening partnerships in areas where transition challenges need to be addressed is core to achieving reduced climate emissions. Industry is driving the green industrial transformation here in Sweden and we hope to inspire change globally. I look forward to seeing Tata Motors in our group of leading partners.”
Tata Motors is embracing sustainability as a business transformation with significant progress in zero-emission products, renewable energy, circular economy, water neutrality and biodiversity. The company has already installed 109 MW of renewable energy capacity and plans to add ~300 MW in the next three years to become a RE100 company. Over the past 3 years, Tata Motors has reduced its Scope 1+2 emissions intensity by 44% and is pioneering the electric and zero emissions vehicle revolution along with a host of low-emissions alternate powertrain options to enable deep decarbonisation in its Scope 3 emissions.
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