UltraTech improves CDP climate action rating to A-

UltraTech improves CDP climate action rating to A-
17 January 2023

UltraTech has been recognised as a leader in 'climate change' by Carbon Disclosure Project (CDP), a global non-profit environmental organisation, for its 2022 CDP disclosure. UltraTech received an ‘A-’ score for implementing best practices and for taking concerted action on climate issues, securing a place in the Leadership category. 

UltraTech’s score of 'A-' in FY21-22 by CDP is a significant improvement from its previous score of 'B' in FY20-21. UltraTech’s score on 'climate change' by CDP has been consistently improving over the years, reflecting the significant progress made by the company in driving its decarbonisation agenda. 

Championing climate action
UltraTech has taken ambitious targets for reducing greenhouse gas (GHG) emissions. The company has committed to reduce Scope 1 GHG intensity by 27 per cent by 2032, from the base year of 2017. UltraTech has also committed to reduce Scope 2 GHG intensity by 69 per cent by 2032 (base year: 2017). These GHG emission targets have been validated by the Science Based Targets Initiative (SBTi). Under its commitment to The Climate Group’s RE100 initiative, UltraTech targets to meet 100 per cent of its electricity requirement through renewables sources by 2050. As part of its EP100 commitment, the company also targets to double energy productivity by FY34-35, when compared with base year FY09-10.

UltraTech is leveraging green energy as a key enabler for decarbonisation. The company aims to scale up its green energy mix to 34 per cent of its total power requirement by 2024. It is doing this by continuously improving energy productivity, scaling up use of renewable energy and reusing heat from its own operations through waste heat recovery systems (WHRS). UltraTech currently has 510MW of green energy capacity, which includes 191MW of WHRS installed capacity and 319MW of contracted renewable energy. As of 2QFY22-23, green energy accounts for 19.5 per cent of total power consumption for the company.

Published under Cement News