Ambuja Cements & ACC become India’s leading cement cos with net-zero targets validated by SBTi

Ahmedabad: Ambuja Cements and ACC, the cement and building materials companies of the diversified Adani Group, have achieved a landmark sustainability milestone as the leading two Indian cement companies amongst peers to have their net-zero targets validated by the Science Based Targets initiative (SBTi).

The SBTi’s Corporate Net-Zero Standard is the world’s only framework for corporate net-zero target setting in line with climate science.

The SBTi validation proves the Companies’ commitment to building a sustainable and responsible business, by doing not what is easy but what is necessary and positioning them as corporate leaders of the low-carbon transition. This recognition places them at the forefront of India’s industrial decarbonisation, committed to cutting emissions at the pace and scale required to meet the Paris Agreement’s 1.5°C goal.

Vinod Bahety, CEO – Cement Business, Adani Group, said: “We take immense pride in Ambuja Cements’ and ACC’s long-standing tradition of pioneering sustainability initiatives as we feel a strong responsibility to act in the climate crisis. The SBTi represents the highest standard for corporate climate targets. With the validation of our targets by the SBTi, we reinforce our dedication to creating a future where growth and environmental stewardship go hand in hand. We are the 9th largest cement manufacturer in the world and after Cemex, Heidelberg and Holcim, only one of this scale to achieve net-zero target validation. Our journey doesn’t stop here - this is yet another step towards realising our vision for a decarbonised and sustainable world.”

The Companies understand the importance of rapid and deep emission cuts and have been pioneering sustainability practices as leaders in the industry’s transformation towards sustainable growth. The Companies will prioritise direct decarbonisation and neutralise residual emissions in line with SBTi criteria. The Companies’ initiatives on green power, AFR, energy efficiency, technology upgradation, innovation have had helped to set up the targets.

Ambuja is also the first cement manufacturer globally to join the Alliance for Industry Decarbonization (AFID), led by the International Renewable Energy Agency (IRENA) and is a member of WEF’s Transitioning Industrial Clusters initiative.