Hindustan Zinc Limited has informed the Exchange regarding 'Climate Action Report for the financial year 2024-25'.
HINDZINC · price
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Hindustan Zinc submitted its 5th Climate Action Report for FY 2024-25, now aligned with IFRS S2 climate-related disclosure standards and externally assured by S.R. Batliboi & Co LLP. Key highlights include the launch of EcoZen, Asia's first low-carbon zinc product with under 1 tonne of GHG emissions per tonne of zinc, 100% renewable power sourcing at the Pantnagar Metal Plant, and a 3.32x water positive certification. The company signed a 530 MW renewable energy power delivery agreement, lifting the share of green power in its mix from 7% to 13%, and deployed 180 LNG vehicles that saved 1,066 tonnes of CO2e during the year. SBTi-validated targets remain unchanged at a 50% reduction in Scope 1 and 2 emissions and 25% in Scope 3 by 2030, with a Net Zero goal by 2050 (FY 2020 baseline). HZL was ranked #1 in the S&P Global Corporate Sustainability Assessment 2024 in the metals and mining sector for the second year running and became the first Indian company to join the International Council on Mining and Metals (ICMM).
This is a non-financial ESG disclosure with no direct effect on near-term earnings or stock price. Over the longer term, it strengthens HZL's sustainability credentials, supports access to ESG-focused capital, and reinforces its positioning as a preferred low-carbon supplier to global customers tracking Scope 3 emissions.