Ahead of COP27, Godrej Interio reveals 47% revenues from green products in FY23

Mumbai: 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, has 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.

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, of 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 to 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 toward sustainable earth and social transformation.