CEO Water Mandate

• 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 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
    • Collective
    • Public
    • Community

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. 
• 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 industria
• 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.