Thursday, November 24, 2022

Ahead Of COP27, Godrej Interio Reveals 47% Revenues From Green Products In FY23

~Trend indicates that affinity to sustainable products is on the rise~

~ Announces to invest INR 50 cr in renewable energy initiatives by 2030 ~

Godrej & Boyce, the flagship company of the Godrej Group, announced that its business Godrej Interio, India’s leading furniture solutions brand, in home and institutional segments, have experienced an increase in demand for environmentally sustainable products with 47% revenues from Good & Green products in FY23 (current financial year). In the last financial year, Godrej Interio generated 41% of its revenue from Good & Green products. Godrej & Boyce intends to generate one-third of its y-o-y income through Good & Green products.

Godrej Interio has committed to double its energy productivity by 2030 and implement an energy management system (EMS) in all its manufacturing plants by 2024, ahead of the corporate commitment timeline of 2030. In addition to this, Godrej Interio has reduced its specific energy consumption by 37% based on the Good & Green Vision baseline of FY 2010-11 even after the addition of a new facility in Khalapur. The company plans to invest INR 50 cr in renewable energy initiatives by 2030.

Further, Godrej Interio has adopted various technologies across all the manufacturing locations to reduce impact on the planet. These technologies include the use of VFDs (Variable Frequency Drives) on pumps and blowers, use of waste recovery technologies such as heat pipe, use of heat pump, installation of energy efficient machines and energy efficient lighting etc.

Similarly, the recycling of water at Godrej Interio’s plants is being done through Sewage Treatment Plants (STP) or Effluent treatment plants (ETP). The water recycled through ETP is made process ready for re-use in the manufacturing processes through advanced technologies such as reverse osmosis at Khalapur, Chennai and Bhagwanpur. In FY2021-22, around 69,907 Kiloliters of water was recycled and reused which is 40% of the total freshwater usage across Interio’s manufacturing plants. The brand plans to better this percentage by adding substantial levels in the years to come. At Godrej Interio, recycled water carried out via various processes makes up to 28% of the total water usage.

Commenting on the sustainability initiative, Swapneel Nagarkar, Business Head, Godrej Interio said, “At Godrej Interio, we strongly believe that innovation and sustainability must coexist, which is why our sustainability strategy is in line with Godrej & Boyce's "Good & Green" mission. Combining the two will advance our quest for increased community development, energy efficiency, employability, and circular economy promotion. We are proud contribute and commit to global causes such as the EP100 initiative aligning with India’s long-term strategy for low carbon development ahead of COP27. At Godrej Interio, we can help further this commitment, leading the way to smarter energy usage.”

Godrej & Boyce has also committed to doubling energy productivity by 2030 and further aims to reduce carbon intensity by 60% by 2030 as part of EP100. In alignment with Godrej & Boyce’s commitment towards sustainable earth and social transformation. 

The manufacturing plants in Shirwal and Haridwar have installed 360 kW and 329 kW roof-top solar panels, respectively. Godrej Interio receives 13% of the total energy consumption from renewable energy sources. The plants in Vikhroli, Shirwal, Bhagwanpur, Chennai and Haridwar are ISO 50001:2018 certified. This will further help to reduce energy consumption.

About Godrej Interio:

Godrej Interio is India’s leading premium furniture brand in both home and institutional segments with a strong commitment to sustainability and centers of excellence in design, manufacturing and retail.

Led by the largest in-house design team in the country in the furniture category and awarded with 34 India Design Mark Awards till date, GODREJ INTERIO aims to transform spaces with its thoughtfully designed furniture to create brighter homes and offices with products that have the highest design quotient in aesthetics, functionality and technology. With consistent pursuit of excellence and a special focus on health and ergonomics, GODREJ INTERIO’s product portfolio comprises of a wide range of solutions

Today, we design and manufacture furniture for office spaces, homes, educational institutes, healthcare facilities, laboratories and more. Along with furniture we offer Audio Visual and 360 Degree Turnkey solutions. Each of our product range revolves around comfort and aesthetics while delivering well-designed, long lasting and functional furniture solutions. In short, Godrej Interio helps the consumers to make every space the perfect setting for their myriad moods and moments.

Currently present in over 650 cities with 250 exclusive showrooms and 800 dealers, is one of the largest divisions of Godrej & Boyce Mfg. Co. Ltd., part of the Godrej Group, one of India's largest engineering and customer product groups.

Godrej Interio has 7 manufacturing facilities situated at Mumbai, Khalapur, Haridwar, Shirwal, and Bhagwanpur. GODREJ INTERIO’s Shirwal Plant is Green Co Platinum Certified, and Mumbai Plants are Green Co Gold Certified. GODREJ INTERIO is widely known for its comprehensive sustainability certifications for its products in furniture category.

GODREJ INTERIO commitment to the environment has resulted in manufacturing products with lesser environment footprint. Our pioneering efforts include designing less environment burdening products, usage of eco-friendly materials and setting up less polluting and consuming processes, ensuring eco-friendly packaging and transportation and finally the extended responsibility of recycling/reuse of used furniture and scrap, thus ensuring a lifecycle approach to green. GODREJ INTERIO has the widest range of green choices for our customers which not only includes products but also services such as green interiors and recycling.

The brand boasts of noteworthy awards received so far- CII Exim Bank Award for Business Excellence 2016, Superbrands 2017-18, Reader’s Digest Most Trusted Brand 2018 Gold (Home Furniture and Modular Kitchen), TRA’s India’s Most Consumer focused brand 2019, GreenCo Star Performer Award 2019, National Energy Leader Award at CII National Award for Excellence in Energy Management 2018.

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