Marico launches new sustainability plans with 50 KPIs

By

Isabelle Crossley

Published
Jun 6, 2022

Fast moving consumer goods business Marico has unveiled its sustainability 2.0 framework which includes more than 50 key performance indicators to set out its sustainability goals for 2030. 

Marico aims to achieve net zero emissions in its international operations by 2040 and achieve this target within India by 2030, TNN reported. The business, which specialises in personal care products, also plans to achieve certified water-neutral operations across all of its manufacturing facilities through offsetting 100% of its consumption volume with capacity created for community use.
 
“Organisations today face multiple ESG challenges, from climate crisis to business ethics and human rights, none of which can be deferred or delayed any longer,” said Marico’s managing director and CEO Saugata Gupta, TNN reported. “The need to shift to more sustainable business operations is urgent and critical. The launch of our Sustainability 2.0 initiative reaffirms our commitment to becoming a future-ready organisation that creates value for all stakeholders, from its employees and business partners to the communities in which it operates. The initiative will help us to reduce our environmental impact, balance profitability with sustainability, and implement a more transparent, efficient, and effective corporate governance framework.”

Marico plans to make all of its packaging recyclable by 2025 and increase its sustainable packaging to reduce its carbon footprint. As well as making its operations more environmentally friendly, the business plans to improve gender equality in its workforce and increase its ratio of differently abled workers.