Thursday, February 27, 2025

Talawakelle Tea Estates champions sustainability

UN Global Compact’s “Forward Faster Now”:

by malinga
September 15, 2024 1:00 am 0 comment 621 views

Kuala Lumpur, Malaysia: Talawakelle Tea Estates PLC (TTE), a Hayleys Plantations company, played a role in advancing sustainability at the UN Global Compact’s flagship event: Forward Faster Now – Asia and Oceania.

TTE was among a select few companies invited to showcase their contributions to the global sustainability agenda and help inspire other corporates in the region to embrace similar practices. The company used the opportunity to demonstrate their innovations in Circular Economies, Reforestation and Energy Management.

TTE Managing Director, Dr. Roshan Rajadurai said, “Our focus on precision agriculture, water conservation, and integration of renewable energy sources into our broader operations is setting a new benchmark for our industry.

“We have systematically integrated sustainability into every facet of our business operations, from production to community engagement, ensuring a holistic and impactful approach,” he said.

In alignment with the UNGC’s Forward Faster Now framework, TTE has set two ambitious targets for its operations. With regard to carbon emissions, TTE has set a corporate science-based net-zero emissions reduction targets through the Science Based Targets initiative (SBTi) by 2050, in alignment with a 1.5°C pathway.

Second, TTE aims to support a transition into sustainable business models by addressing the social impacts of climate change mitigation and adaptation measures in partnership with key stakeholders, including workers, communities, and suppliers.

With investments of over Rs. 103.6 million in community development initiatives, TTE continues to create shared value by positively impacting over 40,000 people across its estates. The company is also certified with the Mother and Child Friendly Seal for its responsible business practices, HerLead program for women empowerment, ensuring the welfare of female workers and their families.

These accolades reflect TTE’s dedication to operational excellence and social responsibility, positioning it as a pioneer in the plantation industry. As a trailblazer in the plantation sector, TTE is making strides in global climate action through its Regenerative Business Agenda 2030, aligned with the UN’s Sustainable Development Goals (SDGs). The company is on track to achieve its climate goals while driving long-term environmental and economic value through smart agricultural practices and renewable energy adoption.

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