Udaipur, Rajasthan, India – Business Wire India
Hindustan Zinc has been recognized for leadership in corporate transparency and performance on climate change by global environmental non-profit CDP, securing a place on its annual ‘A List’. The recognition speaks about the company’s commitment towards achieving the vision of Net Zero emissions and has made sustainability central to its growth and value-creation journey.
On this achievement, Mr. Arun Misra, CEO of Hindustan Zinc said, “We are glad that CDP has recognized Hindustan Zinc as a global leader for having a positive influence on climate change and that the ongoing progress we have made has been appraised. Our strategic focus on decarbonizing Indian mining through adoption of Battery Electric Vehicles, solar power and various other initiatives help us in achieving our aim of sustainability throughout varied cycles of operations.”
Dexter Galvin, Global Director of Corporations and Supply Chains at CDP, said, “Congratulations to all the companies on this year’s A List; environmental transparency is the first vital step towards a net-zero and nature-positive future. In a year of ever-increasing environmental concerns around the world – from extreme weather to unprecedented losses to nature – the need for transformational, urgent and collaborative change is more critical than ever. We must decarbonize half of global GHG emissions and eliminate deforestation by 2030, alongside achieving water security on the same timescale – there is no route to 1.5°C without nature. As CDP continues to raise the bar on what qualifies as climate, forests and water leadership, we hope to see the ambitions and actions of companies on the A List – and those wanting a place on it – do the same.”
CDP’s annual environmental disclosure and scoring process is widely recognized as the gold standard of corporate environmental transparency. A detailed and independent methodology is used by CDP to assess these companies, allocating a score of A to D- based on the comprehensiveness of disclosure, awareness and management of environmental risks and demonstration of best practices associated with environmental leadership, such as setting ambitious and meaningful targets.
Hindustan Zinc, a Vedanta Group company and India’s largest & only integrated producer of Zinc, Lead & Silver, has been recently ranked amongst top 5% ESG Score in the metals & mining sector in S&P Global Sustainability Yearbook 2023. The company’s sustainability efforts have earned a spot in the esteemed yearbook for the sixth consecutive year. This recognition speaks about the company’s commitment to sustainability that has been demonstrated through various initiatives, such as investing in energy-efficient technology, reducing its carbon emissions, mitigating the impacts of climate change and promoting environmentally responsible practices throughout its operations.
The company has also been ranked 3rd Globally and 1st in Asia Pacific Region in S&P Global Corporate Sustainability Assessment under metal & mining sector. The company’s commitment towards Environment, Social and Governance has also been recognized by CAP 2.0, S&P Global Platts Awards, GreenCo Certification, CII National 5S Excellence Award, Bhamashah Award, and many more.
About Hindustan Zinc Limited:
Hindustan Zinc, a Vedanta Group Company, is one of the world’s largest and India’s only integrated producer of Zinc-Lead and Silver. The Company has its headquarters at Udaipur in the State of Rajasthan where it has its Zinc-Lead mines and smelting complexes. Hindustan Zinc is self-sufficient in power with captive thermal power plants and has ventured into green energy by setting upwind power plants. The Company is ranked 1st in Asia-Pacific for the fourth consecutive year and globally 3rd in S&P Global Corporate Responsibility Assessment in 2022 amongst Mining & Metal companies. Hindustan Zinc is a certified Water Positive Company and is the only Indian company to be recognised at the S&P Global Platts Metal Award 2022 and has won the two prestigious awards for ‘Industry Leadership Award – Base, Precious and Specialty Metals’ Award and ‘Corporate Social Responsibility’ Award.
The company takes pride in having some of the best-in-class people practices and employee-centric initiatives, which have certified Hindustan Zinc as – ‘Great Place to Work 2022’, ‘Company with Great Managers 2020’ by People Business and the PeopleFirst HR Excellence Award.
As a socially responsible corporate, Hindustan Zinc has been relentlessly working to improve the lives of rural and tribal people residing near its business locations. The company is amongst the Top 15 CSR Spenders in India and are currently reaching out to 1.4 million people in 234 villages 184 in Rajasthan, 34 in Uttarakhand and 16 villages in Gujarat. As a market leader, Hindustan Zinc governs about ~80% of the growing Zinc market in India.
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Hindustan Zinc Recognized with ‘A’ score for Transparency on Climate Change
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