Godrej Interio targets 42% revenue generation from its ‘Good & Green’ product portfolio in FY24

Godrej Interio targets 42% revenue generation from its ‘Good & Green’ product portfolio in FY24

Godrej & Boyce, the flagship company of the Godrej Group, announced that its business Godrej Interio, has witnessed a surge in the demand for environmentally sustainable products. It stated that the company is expecting up to 42 per cent of the revenues in FY24 to be derived from good or green products. The company has also set a plan to soar beyond and secure a minimum of 50 per cent of its revenue from this segment, by 2032.

Godrej Interio aims to achieve its good & green targets by focusing on building a green, efficient and most importantly a local supply chain ecosystem. Currently, the business has a 94 per cent local value addition in FY24. Godrej Interio has been working with suppliers to train them on various subjects like energy efficiency, water conservation, renewable energy, GHG emissions, waste management, material conservation, recycling and recyclables, green supply chain and green infrastructure and ecology.

“Our sustainability strategy prioritizes eco-conscious materials and an expanding range of ergonomically designed furniture. Our ‘Green Assured’ logo on ‘GreenPro’ certified furniture products serves as a guiding light, steering customers towards environmentally friendly and healthier choices,” he added.

Godrej Interio’s commitment to its sustainability goals are also reflected across its manufacturing locations. While more manufacturing facilities have been added, yet Godrej Interio said that it achieved water positivity status, a 28 per cent reduction in carbon intensity, 41 per cent reduction in specific energy consumption and a 10 per cent reduction in specific water consumption since FY11. The brand has also implemented various technologies across all its manufacturing locations to minimize its impact on the planet.