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Brand specialists, academicians and HR executives believe that Tata as an employer brand won’t get affected over ouster of <keyword id="6356895" type="PERSON" weightage="20" keywordseo="Cyrus-Mistry">Cyrus Mistry</keyword> as Chairman of <keyword id="46894" type="PERSON" weightage="20" keywordseo="Tata-Sons">Tata Sons</keyword>. The clouds of insecurities are going to be there but the company’s image as an employer will be what it was. Earlier too, it has never been affected by the departure of any of the many executives at various levels. 
 
Mistry’s uncertain departure is being seen as an aberration at a group that doesn’t just lives by hire and fire and where employee’s trust is built on 'Once a Tata employee, forever a Tata employee'. 
 
"The current ouster of the chairman, Cyrus Mistry, is in total contrast to the Tata employee ethos. To that extent, it is quite a shocker and for this very reason, that this is an aberration ... rather than the norm, the brand will not take a hit at all,” Harish Bijoor, brand expert and founder of Harish Bijoor Consults, told ET. 
 
“The removal of Mistry, would be seen as part of a corporate management action at the board level, rather than a philosophy that percolates across levels,” he further added. 
 Experts believe that trust is built in a long time and people believe a strong brand and its promises. Couple of developments won’t change that. This is not the first time when such incident has happened. Russi Mody, Ajit Kerkar and <keyword id="3781232" type="PERSON" weightage="20" keywordseo="darbari-seth">Darbari Seth</keyword> had been ousted or had to exit too. That didn’t dent the image of Tata brand. 
 "Big decisions at the leadership level are not uncommon. However, people do want to know reasons for them and evaluate whether the reasons have long-term consequences for the company. Depending upon the reasons, the brand could get impacted. For example, if the reasons relate to unethical practices, then the brand can be impacted,” <keyword id="96370" type="PERSON" weightage="20" keywordseo="Siddharth-Singh">Siddharth Singh</keyword>, associate professor of marketing at the <keyword id="6357275" type="ORGANIZATION" weightage="20" keywordseo="Indian-School-of-Business">Indian School of Business</keyword> told ET. 
 
While employer brand will not get impacted, the development will create anxiety across levels.

Tata’s image as an employer won’t get affected over Mistry’s removal

India can lead the world's transformation to clean energy and become a "global superpower" in the war on climate change, UN Secretary-General <keyword id="300649" type="PERSON" weightage="20" keywordseo="Antonio-Guterres">Antonio Guterres</keyword> said on Friday. "India can become a true global superpower in the fight against climate change, if it speeds up its shift from fossil fuels to renewable energy," he said in TERI's Darbari Seth Memorial Lecture that he delivered virtually from New York due to Covid-19 restrictions. The main focus of his message to India was to stop developing electricity generation plants using fossil fuel, especially coal, and switch to clean renewable sources in order to fight global warming and pollution and simultaneously reap economic benefits. Charting a global role for India, he said: "India can be the business hub to achievea the <keyword id="9838938" type="UNKNOWN" weightage="20" keywordseo="un-sustainable-development">UN Sustainable Development</keyword> goal of ensuring access to affordable, reliable, sustainable and modern energy for all by 2030. "India is a pioneer when it comes to driving innovation for access to electricity and on clean cooking. I call on India and all its innovators, entrepreneurs and business leaders to spearhead the global search for a solution to solar cooking at the household level." He praised New Delhi's initiatives to help bring solar energy around the world. "I applaud India's decision to take forward the International Solar Alliance in the form of 'One Sun, One World, One Grid'. "And I commend India's plans for a World Solar Bank that will mobilize $1 trillion of investments in solar projects over the coming decade." Darbari Seth, in whose honour the annual lecture is organised by TERI which he co-founded, "was a climate action pioneer". Guterres said. "India has all the ingredients for exerting the leadership at home and abroad envisioned by Darbari Seth. The drivers are poverty alleviation and universal energy access - two of India's top priorities. Scaling up clean energy, particularly solar, is the recipe for solving both." The world is facing the twin crises of Covid-19 and climate change with the danger that more people are being pushed back into poverty, Guterres said. The solution to both the problems as the world recovers from the pandemic is to channel investments to renewable energy, clean transport and energy efficiency, he said. "India is already pushing ahead in this direction," the UN chief said, giving examples of the nations efforts. He welcomed the Indian government's decision to raise its target of renewable energy capacity from the initial 2015 goal of 175 gigawatts to 500 gigawatts by 2030. In the short term, he said: "I was inspired to learn that during the pandemic, Indiaa¿s proportion of renewable energy rose from 17 per cent to 24 per cent while coal-fired power declined from 76 per cent to 66 per cent." That trajectory should continue, he said. Guterres made the economic argument for investing in renewable energy comparing its falling cost compared to fossil fuel-fired plants. "In India, 50 per cent of coal will be uncompetitive in 2022, reaching 85 per cent by 2025a and it "makes no sense" to invest in "coal business going up in smoke," he said. As India switches to prioritising renewable energy, he said it will attract more and more international investors, such as the sovereign wealth funds and pension funds like the Caisse de depot et placement du Quebec or the Abu Dhabi Investment Authority. Guterres referred to the Leadership Group for Industry Transition India and Sweden launched last year at the Climate Action Summit at the UN in New York. It brings together the public and private sector organisations in areas that account for 30 per cent of global emissions of greenhouse gases to make a commitment to achieving net zero emissions by mid-century. He said, "companies such as Dalmia Cement and Mahindra are driving innovation. But we need many more to join them". SEE ALSO: <a href="https://www.businessinsider.in/defense/news/india-likely-to-introduce-a-second-defence-import-embargo-list-by-the-end-of-year-as-it-chases-down-5-billion-in-exports/articleshow/77797223.cms">India likely to introduce a second defence ‘import embargo’ list by the end of year as it chases down $5 billion in exports</a> <a href="https://www.businessinsider.in/stock-market/markets/news/there-arent-enough-shares-of-hdfc-bank-indusind-bank-and-kotak-bank-that-foreign-investors-can-buy/articleshow/77798108.cms">There aren’t enough shares of HDFC Bank, IndusInd Bank and Kotak Bank that foreign investors can buy</a> <a href="https://www.businessinsider.in/india/news/covid-19-strikes-ten-of-the-50-surviving-members-of-the-great-andamanese-tribe/articleshow/77797765.cms">COVID-19 strikes ten of the 50 surviving members of the Great Andamanese tribe</a>

UN chief believes India can be a 'global superpower' climate change fight — if it can speed up shifting to renewable energy

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Tata’s image as an employer won’t get affected over Mistry’s removal

BI India Bureau

UN chief believes India can be a 'global superpower' climate change fight — if it can speed up shifting to renewable energy

IANS

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