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World Environment Day: Diageo India CEO on the roadmap to creating a more sustainable and inclusive society
Oct 18, 2023Don't miss out on ET Prime stories! Get your daily dose of business updates on WhatsApp. click here!
The Reserve Bank of India's Monetary Policy Committee (MPC) is likely to keep rates unchanged at its three-day meeting this week, as inflation has moderated well into the central bank's tolerance zone.
Sam Altman, OpenAI and ChatGPT have taken centre stage as the world discusses the impact of the artificial intelligence (AI) revolution on humanity. Given its explosive potential, the big question of how to regulate AI is one that countries are currently grappling with as ChatGPT mainstreams the technology, something Altman has clear views on.
The Railway Board has recommended a probe by the Central Bureau of Investigation (CBI) into the Balasore train accident that claimed about 300 lives, rail minister Ashwini Vaishnaw said Sunday.
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Excerpts from the interview: Talk to us about Diageo's ‘Society 2030: Spirit of Progress’ plan and how it aims to create a more sustainable and inclusive society? Preserving water for life: Accelerating to a low carbon world: Becoming sustainable by design: Cutting carbon emissions in half from your supply chain is a significant challenge. In your view, what are the major hurdles you anticipate when attempting to achieve this goal and how do you plan to address them? As part of India's green revolution, the government has set a target of 500 GW of installed power through renewable energy. Out of this, 280 GW is said to come from solar. How important is solar power in your plans to hit net zero? How do you plan to work with governments to help facilitate your move to solar? Do you consider Diageo to be a participant in the circular economy with the strategies you aim to implement for achieving zero waste? Additionally, could you elaborate on why you believe the future economy needs to embrace a circular model? Considering Diageo's position as a consumer brand, how crucial is it for you to utilize recyclable materials for all your bottles? Could you elaborate on the importance of incorporating recyclability in your packaging and the efforts you are undertaking to achieve this goal? In recent times, ethical consumerism has experienced a surge in popularity, with customers being more conscious of social issues than ever before. For instance, a consumer intent study conducted by Open Text revealed that 88% of global customers prefer purchasing from companies with ethical sourcing practices. Given the current landscape, what message would you like to convey to CEOs worldwide regarding the importance of engaging in ESG (Environmental, Social, and Governance) and CSR (Corporate Social Responsibility) initiatives to maintain competitiveness in the marketplace?