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Recently, National Thermal Power Corporation Limited(NTPC) joined UN’s CEO Water mandate; to step up work on water conservation with reduce, reuse and recycle
Key updates
- NTPC Ltd, India’s largest power utility Under Ministry of Power has become a signatory to the prestigious UN Global Compact’s CEO Water Mandate.
- NTPC has already taken a series of measures across its plant locations on sound water management.
- NTPC will further imbibe the 3 R’s (reduce, reuse, recycle) for water conservation and management while carrying out its core business activity of power generation.
About the CEO Water Mandate
- It is a UN Global Compact initiative to demonstrate commitment and efforts of companies to better their water and sanitation agendas as part of long term Sustainable Development Goals.
- The CEO Water Mandate is designed to assist companies in the development, implementation, and disclosure of comprehensive water strategies and policies.
- It also provides a platform for companies to partner with like-minded businesses, UN agencies, public authorities, civil society organizations, and other key stakeholders.
- The Mandate is a commitment platform for business leaders and learners to advance water stewardship.
- Endorsing companies commit to action across six key elements and report annually on progress.
- In implementing water stewardship, endorsing companies also identify and reduce critical water risks to their businesses, seize water-related opportunities, and contribute to water security and the Sustainable Development Goals.
The Six Commitment Areas
- Direct Operations
- Supply Chain and Watershed Management
- Collective Action
- Public Policy
- Community Engagement
- Transparency
UN Global Compact initiative
- It is a non-binding United Nations pact to encourage businesses and firms worldwide to adopt sustainable and socially responsible policies, and to report on their implementation.
- It is a principle-based framework for businesses, stating ten principles in the areas of human rights, labor, the environment and anti-corruption.
- Under the Global Compact, companies are brought together with UN agencies, labor groups and civil society.
- Cities can join the Global Compact through the Cities Programme
- The UN Global Compact is the world’s largest corporate sustainability initiative, with more than 12,000 corporate participants and stakeholders from more than 140 countries.
About NTPC
- NTPC Ltd. is a central Public Sector Undertaking (PSU) under the Ministry of Power.
- It is India’s largest energy conglomerate with roots planted way back in 1975 to accelerate power development in India.
- Aim: To provide reliable power and related solutions in an economical, efficient and environment-friendly manner, driven by innovation and agility.
- It became a Maharatna company in May 2010.
- It is located in New Delhi.
Source: PIB
