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CEO Water Mandate

  • 08 Jun 2021
  • 3 min read

Why in News

NTPC Ltd. has become a signatory to the United Nations’ Global Compact’s CEO Water Mandate.

  • NTPC Ltd is India’s largest power utility under the Ministry of Power.

Key Points

  • About:
    • It is a special initiative of the UN Secretary-General and the UN Global Compact, implemented in partnership with the Pacific Institute. It was established in 2007.
    • It aims to demonstrate commitment and efforts of companies to better their water and sanitation agendas as part of long term Sustainable Development Goals.
    • It is a global commitment platform for corporate water stewardship. Water stewardship is the use of water in ways that are socially equitable, environmentally sustainable, and economically beneficial.
    • It has six commitment areas:
      • Direct operations (i.e. Measuring and Reducing water use).
      • Supply chain and watershed management.
      • Collective action.
      • Public policy.
      • Community engagement.
      • Transparency.
  • UN Global Compact:
    • The United Nations Global Compact is a non-binding United Nations pact to encourage businesses worldwide to adopt sustainable and socially responsible policies, and to report on their implementation.
    • It is a principle-based framework for businesses, stating ten principles in the areas of human rights, labor, the environment and anti-corruption.
    • Under the Global Compact, companies are brought together with UN agencies, labor groups and civil society. Cities can join the Global Compact through the Cities Programme.
    • India is also a part of the UN Global Compact.
  • Other Initiatives which make companies a part of Environmental Conservation:
    • Industrial Deep Decarbonization Initiative (IDDI):
      • It is a global coalition of public and private organisations who are working to stimulate demand for low carbon industrial materials.
      • Coordinated by UNIDO (United Nations Development Industrial organisation), the IDDI is co-led by the UK and India.
    • Race to Zero Campaign:
      • Race to Zero is the UN-backed global campaign rallying non-state actors – including companies, cities, regions, financial and educational institutions – to take rigorous and immediate action to halve global emissions by 2030 and deliver a healthier, fairer, zero-carbon world in time.

Source: PIB

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