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Sustainability at Tanishq - Business sustainability comes with responsible behaviour towards all its stakeholders and more specifically towards the environment and community and Tanishq has a rich legacy of the same.
Turning the world into a better place.
Converting into a efficient supply chain
Skill-based programs for employees.
Titan has taken several steps to embed sustainability in its operations, with specific focus on energy and water to positively impact environment and communities. This includes various efforts.
Titan has taken several important steps to embed sustainability in its operations, with specific focus on energy and water to positively impact environment and the community. This also includes various efforts towards waste minimisation and optimising resource utilisation across divisions.
With integrated supply chain as a strategic advantage to balance between making in-house and outsourcing, Titan is able to ensure the reach of its products across markets swiftly, efficiently and at optimum cost. The primary focus has always been to build a sustainable and agile integrated supply chain ecosystem in India.
With integrated supply chain as a strategic advantage to balance between making in-house and outsourcing, Titan is able to ensure the reach of its products across markets swiftly, efficiently and at optimum cost. The primary focus has always been to build a sustainable and agile integrated supply chain ecosystem in India. We treat vendors, subcontractors, etc. as strategic partners in its supply chain, ensuring responsible business, replenishment/analytics-based planning, stock supply visibility with all its key vendors, social business entities, but have also created a benchmark of sorts in the Indian Industry: a) Women Self-Help Groups for outsourcing/subcontracting Operations (Project MEADOW) b) Karigar transformation story, responsible sourcing journey of the jewellery division. Uneducated young women, widows and single mothers are primarily given employment in MEADOW. It operates as a vendor for three manufacturing Divisions (Watches, Jewellery and TEAL). MEADOW started its association with Titan in a small way when Titan had decided to outsource assembling of watch straps. Titan not only trained them assemble work, managerial functions like Planning, Production, Accounting, Lean, Business Awareness, Technical Skilling, Costing, etc.
Titan provides a safe, productive and conducive environment where employees can learn and develop their skills and talent. Apart from serving customers, employees innovate and develop products and services in an increasingly competitive world.
Across all Divisions, especially in the ISCMs, a significant thrust has been to bring more renewable energy as part of in-house installation or even creating offset projects. Many other initiatives are being driven by other divisions and also by the Retail Services Group (in Retail operations) locally to reduce the carbon footprint. A few salient features include raising awareness on climate changeand encouraging the adoption of processes and practices that promote sustainability. Titan is constantly engineering innovative solutions and mitigation mechanismsto conserve the environment. Titan, during the year put in place environmentally sustainable processes for raw material acquisition, vendor management, manufacturing and recycling. Environmental management systems are being setup at factories with facilities acquiring ISO 14001 certification. Titan has over a period of time taken up rejuvenation activities for many lakes or water bodies.Besides the rejuvenation of the Veerasandra lake adjoining the corporate office at Bangalore, Titan has also taken another lake adjoining the factory at Hosur for full rejuvenation. Titan has also sought to offset carbon footprint by taking up large-scale tree plantation through creation of Miyawaki forests in Hosur and also plantation of trees in public areas in Pantnagar."
gold used in production is from recycled sources
of brass utilised in manufacturing comes from recycled sources.
water used in at manufacturing is recycled water
Titan has over a period of time taken up many lakes or water bodies in the vicinity of its manufacturing locations at Hosur/Pantnagar and rejuvenating them making sure a few water bodies such as ponds are restored to enable water conservation. The biggest initiative has been rainwater harvesting across all plant locations..
Sustainable development is the pathway to the future we want for all. It offers a framework to generate economic growth, achieve social justice, exercise environmental stewardship and strengthen governance.