Tata Housing has been and would continue to lead the residential housing segment as a ‘responsible developer’. We understood the business sense of ‘ disrupt or be disrupted’ way back in the year 2007, when we decided to walk on a lonely path of constructing only ‘ green buildings’; and when we embarked upon our journey to develop low cost-high value housing called ‘Shubh Griha’ for the lower income households. It was a disruption in the marketplace, we led and others followed. I am thankful to all of you, for your support and help. The trust and confidence of our dear customers, employees, suppliers, vendors, contractors and also local communities’ neighbourhood helped us achieving many rare distinctions. Amongst other awards, the Company was also conferred CII-ITC Sustainability Award 2014 for its Outstanding Accomplishment in Sustainability.
We understand that the traditional interpretation of financial statement does not adequately capture the non-financial business drivers. So we track our ESG (environmental, Social and Corporate Governance) indicators regularly for sustained business performance. Based upon the findings of our materiality analysis done last year, we have been focusing upon vocational skill development of youth in construction sector, carbon abatement, water conservation and employee volunteering as the four crucial sustainability goals of the organisation. We aspire to provide vocational skill train to one hundred thousand youth by 2024. We have become carbon neutral gate-to gate basis as on 31st March 2015 and have aspirational plans to become neutral including embedded carbon and water positive in the next three years.
We are committed to customer empowerment through research and dissemination of knowledge. Towards achieving this goal, we have been investing in Life Cycle Assessment Studies and Post Development/Occupation Studies of our IGBC certified Green Buildings to understand the extent of their positive impact on the environment as well as health and well-being of the occupants, vis-à-vis traditional buildings. We will build up on our studies and develop a repository of information for all to avail.
This is the fourth year of our sustainability reporting and third year of getting independent assurance of our triple-bottom-line performance. Like last year, this year too we have reported our sustainability performance in line with Global Reporting Initiative (GRI) G4 guidelines (‘in Accordance” Core criteria) as published in the IMPRINT-our Sustainability Report 2014-15. M/s KPMG was retained by us to provide independent assurance and I am happy that KPMG’s multi-disciplinary team has assessed our triple-bottom-line performance and given us the required Assurance.
MD & CEO