ESG14 Dec 2024, 06:29 pm
Hindustan Zinc Announces Energy Savings of Over 0.8 Million GJ & Expands Renewable Power Agreement to 530 MW
AI Summary
Hindustan Zinc Limited, India's largest and the world's second largest integrated zinc producer, announced cumulative energy savings of over 0.8 million Gigajoules (GJ) in FY 24. The company also expanded its existing 450 MW renewable power delivery agreement (PDA) to 530 MW, increasing the overall renewable energy contribution to over 70% of total power requirement by 2026. These initiatives are part of the company's vision of responsible and sustainable manufacturing, aiming to reduce carbon emissions and champion energy efficiency in the manufacturing industry.
Key Highlights
- Hindustan Zinc achieved energy savings of over 0.8 million GJ in FY 24, which could power over 70,000 Indian households for a year.
- The company expanded its renewable power delivery agreement (PDA) to 530 MW, increasing the overall renewable energy contribution to over 70% of total power requirement by 2026.
- Hindustan Zinc is committed to reducing carbon emissions and championing energy efficiency in the manufacturing industry.
- The company is focusing on decarbonizing its operations by increasing the quantum of renewable energy in its energy mix and transitioning to cleaner fuels & electric vehicles.
- Hindustan Zinc is recognized as the world's most sustainable company in S&P Global Corporate Sustainability Assessment 2023 and is committed to achieving Net Zero by 2050 or sooner.