ACC Ltd., a member of the Holcim Group has been recognised for leadership in corporate sustainability by global environmental non-profit CDP, securing a place on its prestigious ‘A List’ for tackling climate change.
ACC was recognised for its actions to cut emissions, mitigate climate risks and develop the low-carbon economy, based on the data reported by the company through CDP’s 2021 climate change questionnaire.
It is one of a small number of high-performing companies out of nearly 12 000 companies that were scored.
CDP’s annual environmental disclosure and scoring process is widely recognised as the gold standard of corporate environmental transparency. In 2021, over 590 investors with over US$110 trillion in assets and 200 major purchasers with US$5.5 trillion in procurement spend requested companies to disclose data on environmental impacts, risks and opportunities through CDP’s platform. A record-breaking 13 000 companies responded.
A detailed and independent methodology is used by CDP to assess these companies, allocating a score of A to D- based on the comprehensiveness of disclosure, awareness and management of environmental risks and demonstration of best practices associated with environmental leadership, such as setting ambitious and meaningful targets. Those that do not disclose or provided insufficient information are marked with an F.
Sridhar Balakrishnan, MD & CEO, ACC Limited., “At ACC, we continuously strive to become a responsible and sustainable company by implementing calibrated strategies to achieve sustainability goals and targets. Being recognised with an ‘A’ score for the first time becomes a milestone in our journey to achieve our Net-zero goal of 2030, further strengthening our vision and mobilising our goals to tackle climate change. It reaffirms confidence to our key stakeholders, that we are effectively managing our environmental impact and are helping the country move towards a lower-carbon future.”
Sustainability is one of the defining factors for business excellence at ACC Ltd. ACC partnered with CDP India's SBTi Incubator Programme to develop its science-based targets. In 2021, ACC became the first Indian Cement Company to sign the ‘Business Ambition for 1.5°C’ commitment with 2030 intermediate targets approved by Science based Targets initiative (SBTi). With these targets, ACC commits to reduce its CO2 intensity in cement operations from 511 kg in 2018 to 409 kg CO2 per ton of cementitious material by 2030. With 493 kg CO2 per ton of cementitious material in 2020, ACC’s performance is among the lowest specific CO2 emissions in the country.
The company has taken several measures to reduce CO2 emissions, such as improving the Thermal Substitution Rate, reducing thermal & electrical energy intensity, implementing waste heat recovery system and increasing the renewable energy portfolio. ACC will continue its proactive approach to developing low carbon products and sustainable solutions to combat the climate change.
Read the article online at: https://www.worldcement.com/asia-pacific-rim/08122021/acc-limited-receives-cdp-a-rating/