- The company scored highest among 238 companies in the metals and mining sector
- The company significantly improved its scores in Environment, Social and Governance dimensions
Udaipur, 4th January 2024: Hindustan Zinc Limited (HZL) has achieved global recognition by securing the highest CSA Score of 85* in the S&P Global Corporate Sustainability Assessment among the 238 companies in the metals and mining sector. The company, with the significant improvement in its scores from 80 last year to 85 this year, reaffirms its constant commitment to sustainable and responsible mining practices.
Speaking on this achievement, Ms. Priya Agarwal Hebbar, Chairperson, Hindustan Zinc Limited and Non-Executive Director, Vedanta Limited said, “We are proud of Hindustan Zinc’s and Vedanta’s remarkable performance in the S&P Global Corporate Sustainability Assessment. Our improved ranking in the prestigious global assessment is a testament to our commitment towards building a sustainable future. We continue to march on this transformative journey, creating global benchmarks in our industry. Our gratitude to our colleagues, supply partners and investors who are all part of the unique support system that’s made this achievement possible.”
Commenting on this significant achievement, Mr. Arun Misra, CEO, Hindustan Zinc and Executive Director, Vedanta, said, “We are delighted and honored to be recognized globally as the highest performer by the S&P Global Corporate Sustainability Assessment. This recognition is a testament to the impactful sustainability initiatives adopted at Hindustan Zinc. Our ongoing initiatives consistently align with the overarching corporate goal of becoming a global leader in sustainable mining and metal production. We remain resolute in amplifying our sustainability endeavours, driving positive change in the industry, and establishing new benchmarks for responsible business practices.”
Notably, the company’s rise from the 5th highest score of 77 in the year 2021 to the 3rd highest score of 80 in 2022 and now, the top position at 85 reflects improved environment, social and governance (ESG) practices and performance among its peers.
The company’s collaborative efforts towards achieving #NetZero emissions, in alignment with their targets validated by SBTi, have propelled their journey towards decarbonising by 2050 or sooner. Introducing Battery Electric Vehicles (BEV) in underground mining, powering its Pantnagar Metal Plant with 100% green energy, securing its renewable energy sourcing of 450 MW while ensuring water positivity and promoting inclusivity & diversity have contributed to the company’s global achievement.
Hindustan Zinc, a Vedanta group company, is dedicated to green operations and environmental stewardship, leveraging cutting-edge technology and sustainable practices.
*S&P Global Corporate Sustainability Assessment (CSA score) is an annual evaluation of companies’ sustainability practices, focusing on sustainability criteria that is both industry specific and financially material, declared on 22nd December, 2023.
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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