Hindustan Zinc sets industry benchmark in sustainability with global CDP recognition
In a significant achievement, Hindustan Zinc, a subsidiary of the Vedanta Group, has been awarded the Leadership Band (A-) by the Carbon Disclosure Project (CDP), marking a global acknowledgment of its commitment to combating climate change and enhancing water security. This prestigious recognition is a testament to Hindustan Zinc’s unwavering dedication to sustainability and its efforts to surpass industry benchmarks in environmental stewardship.
Hindustan Zinc’s journey towards achieving net zero emissions is underscored by its alignment with the Science Based Targets initiative (SBTi), targeting decarbonization by 2050 or earlier. The company has introduced several groundbreaking initiatives, such as the adoption of Battery Electric Vehicles (BEVs) in underground mining and LNG vehicles for transportation. Its Pantnagar Metal Plant is now powered entirely by green energy, with a significant portion of its renewable energy sourced from a 450 MW capacity. Additionally, Hindustan Zinc’s water management strategies, including a 60 MLD Sewage Treatment Plant, Zero Liquid Discharge plants, and extensive rainwater harvesting systems, have played a crucial role in its global recognition.
Hindustan Zinc Achieves Global Recognition for Leadership in Climate Action and Water Security
CDP’s annual environmental disclosure and scoring process, renowned for its rigorous assessment of corporate environmental transparency, has lauded Hindustan Zinc for its detailed disclosure, heightened awareness, and effective management of environmental risks. The company’s leadership is further validated by its top CSA Score of 85 in the S&P Global Corporate Sustainability Assessment, ranking it highest among 238 companies in the metals and mining sector.
Hindustan Zinc, a leading player in the Zinc-Lead and Silver market, is the world’s second-largest integrated Zinc producer and the fifth-largest Silver producer. Dominating approximately 80% of India’s Zinc market, the company boasts a robust presence in Rajasthan, with its headquarters in Udaipur. Hindustan Zinc prides itself on its self-sufficiency in power, with captive thermal power plants and ventures into green energy through wind power plants.
The company’s commitment to sustainable and responsible mining practices has been recognized with two awards at the S&P Global Platts Metal Award 2022 and is the only Indian mining company with SBTi targets validated in alignment with the 1.5°C goal.
Hindustan Zinc’s recognition by CDP with the Leadership Band (A-) is a milestone that highlights the company’s proactive approach to environmental sustainability. By implementing cutting-edge technology and sustainable practices, Hindustan Zinc is not just setting benchmarks for the mining industry but is also contributing significantly to the global fight against climate change and water scarcity. The company’s holistic approach towards environmental stewardship, from reducing carbon emissions to ensuring water positivity, serves as a model for corporate responsibility in the metals and mining sector.