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Toyota Kirloskar Motor wins Golden Peacok Award
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Toyota Kirloskar Motor wins Golden Peacok Award

Agency News

Bengaluru, Jul 18 : Toyota Kirloskar Motor (TKM) was awarded the prestigious 'Golden Peacock' Award for Energy Efficiency’ for the year 2019.

The Award was presented by Karnataka Minister for Revenue and Skill Development R V Deshpande to TKM Management during IOD India's Twenty First World Congress on ENVIRONMENT MANAGEMENT held in the City recently, according to a press release here on Thursday. The award was in recognition of TKM's initiatives promoting ‘Energy Efficiency’ improvement and for its commitment towards creation of climate resilient society in ‘harmony with nature’ guided by Toyota’s Global Environment Challenge 2050.

The Toyota Environment Challenge 2050, which is developed in line with the Sustainable Development Goals, aims to have new vehicle zero CO2 emissions; zero CO2 emissions throughout the vehicle lifecycle, plants with zero CO2; challenge of minimizing and optimizing water usage; establishing a recycling based society and system and establishing a future society in harmony with nature. It is aligned with the United Nations 17 Universal Sustainable Development Goals [SDGs] and has partnered with various international organizations to support the global warming countermeasures to achieve the ‘below 2 degree’ temperature goal.

With key focus on energy efficiency, Toyota has been swiftly moving from non-renewable to renewable sources of energy across its business operations, as electricity consumption being one of the major sources of energy in manufacturing sector. Speaking after receiving the Award, TKM Senior Vice President and Environment Director Raju B Ketkale said that “we are delighted that our consistent efforts to reduce Energy Consumption and achieve Energy Efficiency in our business operations have been acknowledged. We have been consistently working towards reducing our dependence on non-renewable energy sources. In October 2018, we achieved a 100 per cent renewable power source for our energy requirements. TKM successfully sourced 88 per cent of electricity from renewable sources of energy for its operations in Bidadi facility in FY2018-19, this has avoided the emissions of 68,121 tons tons of CO2. Through such significant goals, TKM is effectively contributing towards emission reduction by significantly. Also increasing renewable energy usage allows to achieve cost effectiveness, providing economic advantage".

Golden Peacock Awards (GPA) is a set of prestigious national and global awards designed to improve productivity and quality in organizations. It aims to promote business excellence by providing a Framework or Criteria for assessment that is based on similar principles as other awards throughout the world. This award instituted by the Institute of Director in 1991, is now regarded as a benchmark of Corporate Excellence. (UNI)