By the top of 2024 or by the start of 2025, simply Hindustan Zinc may have diminished half of the GHG emissions, says Priya Agarwal Hebbar.
Vedanta Ltd. mentioned it has achieved about 30% discount in green house gas (GHG) emissions across units since 2021. Its subsidiary Hindustan Zinc Ltd. is 50% discount by 2025, a high govt mentioned.
“By the end of 2024 or by the beginning of 2025, just Hindustan Zinc will have reduced half of the GHG emissions,” mentioned Priya Agarwal Hebbar, Director, Vedanta Ltd. and Chairperson, Hindustan Zinc Ltd.
“We may have our photo voltaic and wind energy crops put in by then. So, we’re a 50% lower [in GHG emissions] in simply Hindustan Zinc,“ she added.
“We have reduced [GHG emissions] nearly 30% across all of Vedanta Ltd. from 2021. So, we are very much ambitious about these goals,” she mentioned
She mentioned Vedanta had signed a big renewable power contract of two.5 gigawatts to realize net-zero targets. “We are looking at completing this before 2050 much before our target,” she added.
The firm, which is into mining and pure assets, formally created an ESG vertical through the pandemic.
Out of its 9 high precedence Environmental, Social & Corporate Governance (ESG) targets, the corporate mentioned that it might be Zero Carbon by 2050, twenty years forward of India’s purpose of 2070.
“We have pledged for 2050. A lot of units like Hindustan Zinc may achieve it much sooner… maybe by 2035-2040. So, we are hoping to even achieve this much sooner,” Ms. Hebbar mentioned.
“We are looking at becoming water positive. Today already five of our companies are water positive as of date” she added.
“Becoming water positive is a huge accomplishment for us and we are hoping that we reach the peak water positivity by 2030,” she additional mentioned
She mentioned the corporate had focused at impacting the lives of 100 million ladies and youngsters. “We have already impacted over 20 million women and children lives till today. This is via our flagship project Nand Ghar plus many other projects.”
Towards gender range, the corporate mentioned it might have extra ladies in management roles. “About 40% [of leadership team would comprise women] by 2030. Looking at diversity and inclusion, we have also started hiring transgenders,” Ms. Hebbar mentioned.
“We have an extremely progressive transgender policy and are looking at contributing ₹2 lakh towards any gender affirmation surgeries. We are also giving a 30-day leave for the same,” she mentioned.
For curbing GHG emissions, the corporate has introduced an EV coverage the place in it might pay 30 to 50% of the price of the automobile if any of its workers decide to buys an EV.
Beyond that, all its light-weight motor automobiles are going to be EVs in the following 5 years. “So EV policy is extremely important for us also in terms of GHG reduction.” she mentioned.
She mentioned in ESG parameters Vedanta from being rated quantity 16 in the world final years , is now rated quantity six in the world ‘in just one year.’
“Plus S&P Global last quarter rated us number one in the world in terms of renewable contracts, even more than Google and Amazon,” she added.
