Hindustan Zinc’s targets include a commitment to reducing 50% of absolute Scope 1 and 2 GHG emissions and further reduction of 25% of absolute Scope 3 GHG emissions by FY2030 from the base year FY2020 and achieving net-zero emissions across the value chain by FY2050
Hindustan Zinc, integrated producer of zinc, lead and silver, has received validation on its near-term and net-zero targets by the Science Based Targets initiative (SBTi). The company becomes the sole Indian company in the mining sector to secure validated SBTi targets, aligning with the1.5°C global warming threshold.
Hindustan Zinc’s targets include a commitment to reducing 50% of absolute scope 1 and 2 GHG emissions and further reduction of 25% of absolute scope 3 GHG emissions by FY2030 from the base year FY2020 and achieving net-zero emissions across the value chain by FY2050. These target ambitions have been approved by the SBTi as in line with a 1.5°C trajectory.
The SBTi was formed as a collaboration between CDP, the United Nations Global Compact (UNGC), the World Resources Institute (WRI), the World Wide Fund for Nature (WWF) and the We Mean Business Coalition, to drive corporate climate action by enabling businesses and financial institutions globally to set science-based greenhouse gas emissions reduction targets.
Arun Misra, ceo, Hindustan Zinc said, “This validation of our near-term and net-zero targets by the Science Based Targets initiative marks a significant milestone in our commitment to battle climate change. We will continue to evaluate our future initiatives to align with positive environmental impact and well-being.”
The SBTi has validated the company's targets against the net-zero and the near-term target criteria and recommendations. The company’s targets are in line with their actions as they have signed power purchase agreement of 450 MW RE-RTC and they are sourcing 100% green power for operations at Pantnagar metal plant.