New Delhi.July 18. Hindustan Zinc recognises last today’s sobering reality about the environment, and it stands to play an important role in the pursuit of a healthier environment. The company is accelerating its efforts to raise environmental awareness and drive better action in this direction. In addition to its pledge to achieve carbon neutrality by 2050, the company has embraced myriad other technology-driven and innovative initiatives aimed at the well-being of the environment.
Hindustan Zinc is acutely aware of the impact climate change has on the planet. Taking the same into consideration, the company has taken several initiatives to reduce the risk of climate change as a part of its sustainability development goals. One of their many environmentally conscious efforts includes keeping a close eye on the company’s carbon footprint along with efforts to reduce it. Furthermore, the company also prioritises sustainable policies and endeavours for the conservation of natural resources across its supply chain.
The continued environmental sustainability efforts have also led to the company teaming up with the Task Force on Climate-related Financial Disclosures (TCFD) and the Taskforce on Nature-related Financial Disclosures (TNFD) forums. Based on TCFD recommendations, Hindustan Zinc has aligned its reporting process with the global best practices for climate reporting. Driven by the belief that biodiversity conservation is also an important aspect of environment-conservation efforts at Hindustan Zinc.
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.
Hindustan Zinc has also set up a long-term group captive renewable power development plan with a capacity of 200 MW. This Build Own Operate (BOO) project, will be based on Group Captive guidelines, with Hindustan Zinc contributing up to INR 350 crore. This project is expected to begin delivering electricity within 24 months of the Power Delivery Agreement (PDA) being signed.
