UDAIPUR (India CSR): Hindustan Zinc Limited, India’s largest and the world’s second-largest integrated zinc producer ranked first* globally for the second consecutive year in the 2024 edition of S&P** Global Corporate Sustainability Assessment (CSA). The company outperformed 248*** other companies with a score of 86, reaffirming its commitment to responsible and sustainable manufacturing.
The S&P Global Corporate Sustainability Assessment (CSA) is one of the world’s foremost benchmarks for assessing Environmental, Social, and Governance (ESG) performance. It evaluates companies based on ESG criteria, offering a comprehensive view of their sustainability practices. These rankings serve as a critical tool for companies to assess their ESG performance, identify areas for strengthening, and align with global sustainability standards. Last year, Hindustan Zinc held the first rank globally among metals & mining industry as per the 2023 assessment with a score of 85. This year, Hindustan Zinc achieved the highest scores in key parameters such as climate strategy, community relations, waste & pollutants. These achievements reflect the company’s integrated and forward-thinking approach to sustainability – combining environmental stewardship, community development, ethical governance, and innovation.
As an energy transition metals company, Hindustan Zinc produces critical metals such as zinc and silver that are essential for a sustainable future. The company commands over 75% primary zinc market share in India and is also the world’s third largest silver producer. Zinc and silver are pivotal in helping global companies decarbonize their value chains while driving the global energy transition. Hindustan Zinc continues its journey towards achieving Net Zero by 2050 or sooner. The company is focusing on decarbonizing its operations by increasing the quantum of renewable energy in its energy mix, committed to source renewable power for 70% of its energy needs by 2027, enhancing operational efficiencies to reduce energy consumption and transitioning to cleaner fuels & electric vehicles. Earlier this year, Hindustan Zinc started receiving the first flow of renewable power that was utilized in the production of Asia’s first low-carbon ‘green’ zinc – EcoZen.
Commenting on this milestone, Priya Agarwal Hebbar, Chairperson, Hindustan Zinc Limited and Non-Executive Director, Vedanta Limited said, “We are proud to be recognized as a global leader in the metals and mining sector, which reflects our ongoing efforts to integrate sustainability into every facet of our business. From low-carbon zinc to circular economy practices, we remain focused on creating a sustainable future for all. This recognition motivates us to continue driving positive change, ensuring that our operations benefit not only our business, but also the communities and the environment we serve.”
It is a strategic imperative for the company to reduce dependence on conventional sources of energy thereby reducing carbon emissions across every process stage. As a result of this unwavering focus, Hindustan Zinc has reduced its GHG (greenhouse gas) emissions intensity by 14% in FY24 over year 2020 baseline while increasing production volumes. Further reinforcing its sustainability efforts, the company’s Pantnagar plant in Uttarakhand runs on 100% renewable power. Additionally, initiatives such as the deployment of battery electric vehicles in underground mines and the adoption of circular economy practices highlight the company’s ongoing efforts to minimize its environmental impact. The company has also received the prestigious Leadership Band (A-) designation from the Carbon Disclosure Project (CDP) for its exemplary efforts in water security and climate change.
Hindustan Zinc Limited, a Vedanta Group company, is the world’s second-largest integrated zinc producer and the third-largest silver producer. The company supplies to more than 40 countries and holds a market share of about 75% of the primary zinc market in India. Hindustan Zinc has been recognized as the world’s most sustainable company in the metals and mining category by the S&P Global Corporate Sustainability Assessment 2024. The company also launched EcoZen Asia’s first low carbon ‘green’ zinc brand. Produced using renewable energy, EcoZen has a carbon footprint of less than 1 tonne of carbon equivalent per tonne of zinc produced, about 75% lower than the global average. Hindustan Zinc is also a certified 2.41 times Water-Positive company and is committed to achieving Net Zero emissions by 2050 or sooner. As a world leader in the metals and mining industry, Hindustan Zinc is pivotal in providing critical metals essential for the global energy transition for a sustainable future.
(India CSR)
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