- Pledges to set the climate targets in line with limiting the global temperature rise to 1.5°C. (Business Ambition for 1.5 C campaign- SBTi)
- The company recently launched its first Task Force on Climate-related Financial Disclosures (TCFD) Report based on TCFD recommendations and guidance.
Udaipur, 8th August 2021: Hindustan Zinc Limited, one of the world’s largest and India’s only integrated producers of Zinc, Lead, and, Silver has been a pioneer in sustainable mining. While the world is now dealing with the rage of climatic change, Hindustan Zinc has Committed to set the long term target to reach Net Zero emission by 2050 in line with Business Ambition for 1.5 C campaign led by the Science Based Targets initiative (SBTi) The Science Based Targets initiative is a collaboration between CDP, the United Nations Global Compact, World Resources Institute (WRI) and the World Wide Fund for Nature (WWF).”
On committing to Business Ambition for 1.5°C Campaign, Mr. Arun Misra, CEO, Hindustan Zinc adds, “Sustainability has always been the most prominent vision of Hindustan Zinc. The consequences occurring globally due to climatic change demonstrate that our Earth is very vulnerable to global warming. It’s time that we should do our part to control and limit the global temperature rise. 1.5°C is #OurOnlyFuture and being a responsible corporate, we have set a goal to achieve net-zero emissions by 2050. We have committed to the ‘Business Ambition for 1.5°C’ campaign to set a net-zero target in line with a 1.5°C future., which is led by the Science Based Targets initiative (SBTi). I believe that we can yet build a better, safer, and greener future, and this commitment will rightly help us to achieve that.”
Earlier this year, Hindustan Zinc was awarded the Most Sustainable Company in the Mining Industry by World Finance at their Sustainability Awards 2021. As a COP26 Business Leader, the company has always been actively initiating towards tackling the repercussions of climate change. The company is also among the only two mining companies globally and among only four Indian companies to be a part of the coveted CDP (Carbon Disclosure Project) ‘A List’ 2020. Hindustan Zinc has set Sustainability Development Goals 2025 for themselves where company is aiming towards 0.5 mn tCO2e GHG emission savings in their operations from the base year 2017 as part of their climate risk mitigation efforts.
Hindustan Zinc has also signed MoUs with Epiroc and Normet to bring Battery Electric Vehicles (BEVs) in underground mining. This initiative is the first of its kind in India in the mining sector. that will help in reducing carbon emissions, enabling the mine operations to become more environmentally friendly.
Epitomizing towards smart, secure, and sustainable operations, the company has launched its first TCFD (Task Force on Climate-related financial disclosure) report which sets the adoption of TCFD framework for climate change risk and opportunity disclosure.
The ‘Business Ambition for 1.5°C’ campaign is backed by a global coalition of UN leaders, business organizations, and NGOs. The Science Based Targets initiative (SBTi), which leads the campaign, drives ambitious climate action in the private sector by enabling companies to set science-based emission reduction targets. The Science Based Targets initiative (SBTi) aims at joining a growing group of leading companies that are demonstrating the highest level of ambition on climate and paving the way to a net-zero future.
Hindustan Zinc and the Science Based Targets initiative (SBTi) together will aid in limiting the global warming rise to 1.5°C.
To know more about the company’s commitment towards sustainable future, click on:
https://sciencebasedtargets.org/companies-taking-action?status=Committed&country=India#table
http://www.hzlindia.com/wp-content/uploads/Integrated-Annual-Report-2020-21.pdf
http://www.hzlindia.com/wp-content/uploads/HZL-TCFD-Report-20-21.pdf
About Hindustan Zinc Limited
Hindustan Zinc, a Vedanta Group company in Zinc-Lead and Silver business is world’s 2nd largest integrated Zinc producer and 5th largest Silver producer. The company governs about ~80% of the growing Zinc market in India with its headquarters at Udaipur along with Zinc-Lead mines and smelting complexes spread across the state of Rajasthan.
Hindustan Zinc is self-sufficient in power with captive thermal power plants and has ventured into green energy by setting-up wind power plants. The company ranked highest in the S&P Global Corporate Sustainability Assessment in 2023 amongst Metals & Mining companies reflecting & reaffirming its constant commitment towards sustainable and responsible mining practices. Hindustan Zinc is a certified Water Positive company and is the only Indian company to be recognized at the S&P Global Platts Metal Award 2022 winning two prestigious awards for ‘Industry Leadership Award – Base, Precious & Specialty Metals’ Award and ‘Corporate Social Responsibility’ Award. Hindustan Zinc is also the only Indian company in Mining sector with validated & approved SBTi targets in alignment with 1.5 °C target.
The company takes pride in having some of the best-in-class people practices and employee-centric initiatives, which have certified Hindustan Zinc as – ‘Great Place to Work 2023’, ‘Company with Great Managers 2022’ by People Business and the ‘People-first HR Excellence Award’.
As a socially responsible corporate, Hindustan Zinc has been relentlessly working towards transforming lives of 1.7 million people in 237 villages in the states of Rajasthan and Uttarakhand with a spend base of INR 276.3 crores in FY23 for various community development initiatives and is amongst the Top 10 CSR Companies in India.
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