Ambuja becomes the world’s first cement company to join the Alliance for Industry Decarbonisation

The company, operating in the hard-to-abate cement industry, aims to achieve Net Zero by 2050, with targets validated by the Science Based Targets initiative (SBTi). As part of its green energy commitment, it has announced a plan to invest INR 100 billion in renewable energy projects of 1GW capacity and 376 MW of energy from Waste Heat Recovery System (WHRS), to power 60% of its expanded capacity through green power by FY2028. This ambitious goal will reduce the carbon footprint and offer compelling economic advantages. Ambuja Cements utilised over 8.6 million t of waste-derived resources and became 11x water-positive and 8x plastic-negative in FY’24.

“This marks another significant step for Ambuja in its sustainability journey. We are already amongst the lowest emission intensity cement producers globally and are undertaking a number of strategic initiatives to further reduce our GHG emission footprint. Being a member of the Alliance for Industry Decarbonisation would allow us to leverage the experiences of global cross-sector industry peers, and in turn, share our approach to decarbonisation,” said Mr Karan Adani, Non-Executive Director, Ambuja Cements.

The AFID aims to facilitate dialogue on an industry level and increase cooperation to help companies develop solid decarbonisation strategies aligned with their countries’ commitments. The International Renewable Energy Agency (IRENA) coordinates and facilitates the activities of the alliance.

Read the article online at: https://www.worldcement.com/indian-subcontinent/26092024/ambuja-becomes-the-worlds-first-cement-company-to-join-the-alliance-for-industry-decarbonisation/