- This step will play a significant role in protecting and enhancing the biodiversity
- The company also recently launched its first TCFD (Task Force on Climate-related financial disclosure) report which sets the adoption of the TCFD framework for climate change risk and opportunity disclosure
Udaipur: Hindustan Zinc today announced that it has joined the Taskforce on Nature-related Financial Disclosures (TNFD). Hindustan Zinc will work with TNFD members to provide a market-led framework for organizations to report and act on evolving nature-related risks. They will support a shift in global financial flows away from nature-negative outcomes and toward nature-positive outcomes.
TNFD will organize outreach programs across geographies to raise awareness about the criticality of climate change. It will play a significant role in helping to tackle environmental and biodiversity loss thus helping in transitioning towards an environmental positive future.
Speaking about the announcement, Mr. Arun Misra, CEO, Hindustan Zinc Limited said, “Protecting and enhancing biodiversity is an integral part of our commitment to sustainable development. Hindustan Zinc is pleased to announce that we have joined the TNFD Forum, a consultative body of institutions that support the vision and mission of the Taskforce on Nature-related Financial Disclosures. I believe it will be a valuable framework to understand nature-related risks and opportunities and accelerate the transition towards Nature positive and Carbon Neutral future. We are keen to contribute in delivering a risk management & disclosure framework for nature-related risks shaping the reporting framework that can guide business in considering nature and its services in business decisions and future investments.”
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 metal & 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 the company is aiming towards protecting and enhancing biodiversity throughout the life cycle under the Biodiversity Conservation goal.
Epitomizing toward smart, secure, and sustainable operations, the company also recently launched its first TCFD (Task Force on Climate-related financial disclosure) report which sets the adoption of the TCFD framework for climate change risk and opportunity disclosure which will enable the stakeholders to evaluate the climate change-related performances for future. Hindustan Zinc has also committed to a ‘Long-term target to reach net-zero emissions by 2050’ in alignment with the Science-Based Targets initiative (SBTi).
About TNFD:
The TNFD Forum is a global multi-disciplinary consultative group of institutions launching with over 100 Forum members. These institutions share the vision and mission of the TNFD and have expressed the willingness to make themselves available to contribute to the work of the Taskforce. The TNFD Forum is open for membership and expected to grow over time as more organizations become aware of the importance of their engagement and come on board to support a shift in financial flows towards nature-positive outcomes. In addition to the already confirmed Forum members, a further 100 institutions have also expressed interest in joining the Forum in the short term.
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.
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