Committed to conducting business ethnically and sustainably, Teejay Lanka aims to achieve net zero emissions by 2050, says Salman Nishtar, Group COO - Marketing & Supply Chain. The company's proactive embrace of Environmental, Social, and Governance (ESG) principles is integral to its core business strategy, adds Nishtar. The company has set ambitious targets for 2030 and 2050, boosted by a comprehensive plan guiding its journey towards this overarching objective.
Teejay Lanka has developed a monitoring system to track key metrics such as carbon emissions, water usage, and energy consumption, enhancing resource efficiency. Its commitment to reduce greenhouse gas emissions is validated by the Science Based Targets initiative, ensuring alignment with a 1.5°C trajectory. The company targets a 42 per cent reduction in Scope 1 & 2 emissions and a 25 per cent reduction in Scope 3 emissions from purchased goods and services by 2030.
To support biodiversity, Teejay also pledges to plant one million trees along the Kelani River by 2050. It has already initiated reforestation projects in India and Sri Lanka on a Group level, earning him the top spot in the Higg Index among global players, highlighting its eco-friendly practices.
On the social front, Teejay's Corporate Social Responsibility (CSR) initiatives encompass raising awareness about sanitation, constructing washroom facilities in schools, and supplying hygiene products to promote health and hygiene standards.
The company's Akura program, repurposes unused paper into books for schools, promoting sustainability and education concurrently. In terms of Diversity, Equity, and Inclusion (DEI), Teejay's ‘SheCan’ initiative focuses on increasing women's leadership at the Group level, with the knitting operation in its India plant exclusively staffed by female employees.
Teejay's commitment to governance is underscored by its recognition as the No. 1 corporate for transparency in corporate reporting for the second consecutive year by Transparency International Sri Lanka, reflecting its unwavering dedication to transparency and accountability.
