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Home Foreign Affairs

UN CEO’s Water mandate

June 8, 2021
in Foreign Affairs
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UN CEO’s Water mandate
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In news 

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

  1. Direct Operations
  2. Supply Chain and Watershed Management
  3. Collective Action
  4. Public Policy
  5. Community Engagement
  6. 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.
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Source: PIB
Tags: PIBPrelims

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