The company remains committed to engaging in responsible business practices that contribute to the environment’s and communities’ well-being.
PUNE (India CSR): Bharat Forge Ltd., a leading manufacturer of metallurgical components for automotive and Industrial applications has earned a prestigious spot on the Financial Times and Statista’s coveted list of Asia-Pacific Climate Leaders 2023. The recognition reflects Bharat Forge’s progress in reducing Greenhouse Gas (GHG) emission and its steadfast commitment to combating climate change, underscoring its dedication to environmental stewardship.
Bharat Forge’s Commitment to Sustainability
Amit Kalyani, Joint Managing Director, Bharat Forge Ltd., said, “We are immensely proud to be recognized as one of the Asia-Pacific Climate Leaders 2023. At Bharat Forge, we firmly believe that sustainability, growth, and progress go hand-in-hand. We will continue to work on reducing usage of natural resources and bringing down our carbon footprint.”
Criteria for Asia-Pacific Climate Leaders 2023
The Asia-Pacific Climate Leaders 2023 list features companies headquartered in the Asia-Pacific region with a minimum revenue of USD 50 million in 2021. Among the criteria considered were transparent reporting of scope 1 and scope 2 emissions for the years 2016 – 2021, an annual reduction of emissions intensity of at least 3% over the five-year period from 2016 to 2021, and a minimum CDP score of ‘B‘, if emissions were reported to the CDP.
Additionally, a commitment to the Science Based Targets initiative and transparent reporting of scope 3 emissions for 2021, ideally including more than five scope 3 categories, were also essential factors in the selection process.
(India CSR)
