Adani's Ambuja Cements and ACC Confirm Net-Zero Goals Endorsed by SBTi (Science Based Targets initiative)
Dive into Ambuja Cements and ACC's Groundbreaking Net-Zero Strategy
In a significant leap towards sustainability, Adani's Ambuja Cements and ACC become the first Indian cement companies to secure approval for their net-zero ambitions from the Science Based Targets initiative (SBTi). This feat places them alongside global leaders like Cemex, Heidelberg, and Holcim in the race towards carbon neutrality.
The SBTi's Corporate Net-Zero Standard is the sole internationally recognized framework for aligning corporate net-zero goals with climate science. By gaining this validation, Ambuja Cements and ACC underline their commitment to responsible and eco-friendly business practices, prioritizing responsibility over convenience.
With this recognition, the companies step up as pioneers in India's industrial decarbonization, striving to meet the Paris Agreement's 1.5°C target.
Paving the Way in Climate Action Leadership
Vinod Bahety, CEO of Adani's cement division, expressed pride in the company's long-standing environmental leadership. He emphasized that the SBTi's approval further cemented their dedication to growth while maintaining ecological accountability.
Notably, Ambuja Cements and ACC rank among the world's largest cement manufacturers to secure such validation. They've consistently spearheaded the industry's transition to sustainable practices and acknowledge the urgency of substantial emission reductions.
Following SBTi standards, the companies will concentrate on reducing direct emissions and offsetting residual emissions. Their efforts will emphasize green energy, alternative fuels and raw materials (AFR), efficiency measures, and technological innovation.
Synergies with Adani Group's Green Energy Vision
Ambuja participates in the World Economic Forum's Transitioning Industrial Clusters initiative and is the first cement company internationally to join the Alliance for Industry Decarbonization (AFID), led by IRENA.
Synergies within the Adani Group play a pivotal role in achieving these climate goals. The Group has pledged USD 100 billion towards India's green energy transition, aiming to scale up renewable energy capacity from 14.2 GW to 50 GW by 2030.
Ambuja Cements aims to fulfill 60% of its power needs through renewables by FY28, including 1 GW of solar and wind capacity and 376 MW of waste heat recovery systems (WHRS). The company has already reached 299 MW of solar/wind and 186 MW of WHRS capacity.
Adani's Ambuja Cements and ACC embrace green hydrogen development, a key player in the decarbonization pathway, which will expedite the transition and decrease reliance on fossil fuels. The Group's investment in this area will accelerate the transition towards a greener future.
Author
- Sarah Tancredi Sarah Tancredi is a dedicated journalist and news reporter who specializes in covering environmental and climate crisis issues. With a deep passion for the environment and a commitment to raising awareness about pressing environmental challenges, Sarah's career revolves around informing the public and championing sustainable solutions. Her mission is to inspire individuals, communities, and policymakers to take action to safeguard our planet for future generations.
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- Ambuja Cements and ACC, through their net-zero strategy, aim to demonstrate environmental leadership within the cement industry, aligning with science-based targets and prioritizing eco-friendly practices.
- As pioneers in environmental-science, Ambuja Cements and ACC strive to meet the 1.5°C target of the Paris Agreement by focusing on green energy, alternative fuels, efficiency measures, and technological innovation.
- In line with the SBTi's Corporate Net-Zero Standard, these companies are working towards reducing direct emissions and offsetting residual emissions to drive transformation within India's industry and contribute to responsible finance.
- Adani's Ambuja Cements, in synergy with the Group's green energy vision, aims to fulfill 60% of its power needs through renewables by FY28, including investments in solar, wind, and waste heat recovery systems (WHRS).
- Sarah Tancredi, a journalist and news reporter, covers environmental and climate crisis issues, and she emphasizes the urgent need for substantial emission reductions within industries like climate-change, finance, and the environment.
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