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Sustainable Business Development by Responding to Climate Change: A Case of the Tata Group
Abstract
The UN Intergovernmental Panel on Climate Change Report (2007) concluded that the globally averaged net effect of human activities since 1750 has been one of the sources of global warming. The Stern Report (2007) corroborates this statement and states that anthropogenic CO2 influences the climate and stresses that the cost of mitigating against climate change is significantly lower than the cost of climate change. The Tata group companies have been actively seeking out experiences of other global companies to develop an effective action plan against climate change. The present paper seeks to review the role of the Tata group in addressing and abating the climate change. It further looks at the various Tata group companies like Tata Chemicals Limited, Tata Steel Europe, Tata Communications and Tata Motors and their ways to stay the course towards sustainable development
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