TVS Motor Company has been recognised in the category "Outstanding Renewable Energy User" at the Third Edition of India Green Energy Award 2020 by the Indian Federation of Green Energy (IFGE). TVS has been recognised and acknowledged for its sustainable efforts to increase the usage of alternative power sources in renewable energy to ensure long-term energy security and stability. In 2020-21, renewable energy contributed to 84 per cent of overall power consumption at TVS Motor Company, and the company has also significantly reduced its carbon footprint.
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The award was presented by Nitin Gadkari, Minster of Road Transport and Highways, and Bhagwanth Kuba, Minister of State for Renewable Energy, Chemicals and Fertilisers.
India Green Energy Awards is an effort to recognise and highlight the impact and importance of Green Energy for the future of humankind. The jury evaluated 46 participants across sectors for the award recognising the efforts towards establishing a sustainable energy ecosystem. The jury consisted of top-level domain experts from the green energy sector nominated by relevant ministries, departments, agencies, industries and media experts. The award was presented by Nitin Gadkari, Minster of Road Transport and Highways, and Bhagwanth Kuba, Minister of State for Renewable Energy, Chemicals and Fertilisers.
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According to TVS Motor Company, consistent efforts at optimising equipment efficiency and integrating technology in all plant run processes have ensured that specific power consumption has been reduced by 15 per cent and specific fuel consumption has been reduced by 20 per cent over the years. TVS started such focussed initiatives towards reducing carbon footprint in 2013 with reduction of direct emissions as the first step, followed by incorporation of renewable energy (wind and solar). TVS says these renewable energy initiatives resulted in CO2 emission reduction of about 58,812 tons during 2020-21.
The company has also augmented the 5.9 MW rooftop solar photovoltaic capcity and invested in wind power of 35 MW in Group Captive Mode. TVS says the company has undertaken holistic green initiatives across its manufacturing units, including zero discharge plants, water recycling, design for recyclability, rainwater harvesting and biodiversity conservation in and around its factories in India.
