- Hindustan Zinc is moving ahead towards the fulfilment of its commitment towards achieving Net Zero by signing MoU with M/s UPCL for the supply of renewable energy
- Pantnagar Metal Plant Becomes the First Unit of Vedanta to Source 100% Green Power Supply
Udaipur, 12th September 2022: Hindustan Zinc, a Vedanta group company and India’s largest & only integrated producer of Zinc, Lead & Silver, has moved forward in its journey to achieve Net Zero emissions as per the company’s ESG commitment. Hindustan Zinc’s Pantnagar Metal Plant (PMP) has become the first unit of Vedanta Limited to source 100% green power for running its operations. The PMP unit signed an MoU with M/s UPCL (Uttarakhand Power Corporation Limited) for providing renewable energy using hydropower.
It is a moment of pride for Hindustan Zinc as they progress in future by reducing their carbon footprint aligned with their emission control journey. This transition to green power at Pantnagar will help reduce carbon emissions by 37,936 MT of CO2e. This move will enable the company to create positive footprints in the area of product stewardship and developing green products.
Commenting on the agreement, Arun Misra CEO, of Hindustan Zinc said, “This transition to 100% green power supply to Pantnagar unit will serve as a key initiative towards our commitment of Net Zero and will be helping us in developing the green product range which will enhance the relationship with stakeholders and build the trust among them. We are also committed to invest US$ 1 billion over the next five years in our climate change initiatives, which will further enhance our ESG value proposition. The company has also executed a long-term renewable power delivery agreement up to a capacity of 200 MW with SPV and will be investing 350 crores.”
Hindustan Zinc is committed to improve its ESG performance for which they have set stringent sustainability goals to achieve by 2025 and adopted a holistic approach to attaining the same. 0.5 million of Carbon Emission reduction from the base year 2017; achieve 5 times Water Positivity from current 2.41 times, and a 25% reduction in Freshwater Consumption; 3 times more gainful utilization of Smelting Process Waste; Protection and Enhancement of Biodiversity throughout the life cycle; 30% diverse and inclusive Workforce, Implementation of 100% responsible sourcing in Supply Chains and impacting 1 million lives are the major Sustainable Goals to be achieved by 2025. Stimulating a ‘Zero Waste and Zero Discharge Culture’ driven by sustainable operations with complete transparency and conservation of natural/human resources is the way forward for Hindustan Zinc.
About Hindustan Zinc Limited
Hindustan Zinc Limited (BSE: 500188 and NSE: HINDZINC), a Vedanta Group company, is the world’s largest integrated zinc producer and the third-largest silver producer. The company supplies to more than 40 countries and holds a market share of about 75% of the primary zinc market in India. Hindustan Zinc has been recognized as the world’s most sustainable company in the metals and mining category for the second consecutive year by the S&P Global Corporate Sustainability Assessment 2024, reflecting its operational excellence, innovation, and leading ESG practices. The company also launched EcoZen, Asia’s first low carbon ‘green’ zinc brand. Produced using renewable energy, EcoZen has a carbon footprint of less than 1 tonne of carbon equivalent per tonne of zinc produced, about 75% lower than the global average. Hindustan Zinc is also a certified 2.41 times Water-Positive company and is committed to achieving Net Zero emissions by 2050 or sooner. Transforming the lives of 1.9 million people through its focused social welfare initiatives, Hindustan Zinc is among the Top 10 CSR companies in India. As an energy transition metals company, Hindustan Zinc is pivotal in providing critical metals essential for a sustainable future.
LLearn more about Hindustan Zinc on – https://www.hzlindia.com/home/ and follow us on LinkedIn, Twitter, Facebook, and Instagram for more updates.
