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SBTi validates Hindustan Zinc’s near-term, long-term net-zero targets

18 Sep 2023 Evaluate

Hindustan Zinc has received validation on its near-term & net-zero targets by the Science Based Targets initiative (SBTi). In a groundbreaking achievement, the company becomes the sole Indian company in Mining - Iron, Aluminum, Other Metals sector to secure validated SBTi targets, aligning with the ambitious 1.5 degrees Celsius global warming threshold. 

Hindustan Zinc’s ambitious targets include a commitment to reducing 50% of absolute scope 1 and 2 GHG emissions and further reduction of 25% of absolute scope 3 GHG emissions by FY2030 from the base year FY2020 & achieving net-zero emissions across the value chain by FY2050. These target ambitions have been approved by the SBTi as in line with a 1.5 degrees Celsius trajectory.

Hindustan Zinc, the world’s second biggest zinc producer, operates the world’s third largest open-pit mine, and world’s largest Zinc Mine in Rampura Agucha, Rajasthan.


Peers
Company Name CMP
Hindalco Industries 960.50
Vedanta 257.20
Hindustan Zinc 561.00
Jain Resource Recycl 275.10
CMR Green Tech 212.80
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