'ESG India Leadership Award' by ESG Risk to Hindustan Zinc

Udaipur   - Hindustan Zinc (HZL), the leading producer of Zinc, Lead, and Silver in India, has been leading the ESG transformation with a strong commitment to sustainability principles. The company has emerged as the winner in the ESG Leader - Overall Environment category and Leadership in the Greenhouse Gas Emissions Reduction category during first edition of ‘ESG India Leadership Awards’organized by ESGRisk.ai, India’s first ESG rating company. The awards were presented in a virtual ceremony where Mr U K Sinha, Former Chairman, Securities and Exchange Board of India (SEBI), Mr S S Mundra, Former Deputy Governor, The Reserve Bank of India, and other prominent dignitaries graced the occasion.

Sankar Chakraborti, Chairman-ESGRisk.ai and Group CEO- Acuitéappreciated the efforts and said“As part of our ESG India Leadership Awards, we are glad to announce that Hindustan Zinc ltd was not only been recognized for mitigating GHG emissions but also has emerged the leader in Environment Practices. Hindustan Zinc has installed renewable power generation, reuses as well as recycles waste (31%) and water (39%).  It is among very few companies who undertake science-based targets to reduce Scope 1 and 2 GHG emissions by 2026 but also successfully reduced its Scope 1 GHG emissions by already 2.87%. I congratulate Hindustan Zinc for their exceptional performance in environment category.”

This award exemplifies Hindustan Zinc’s commitment towards accomplishing positive climate action, building a more sustainable and greener future.

Commenting on the achievement Mr. Arun Misra, CEO, Hindustan Zinc said, “Hindustan Zinc is delighted to receive the ESG Leader - Environment category and the Best Initiatives for Greenhouse Gas Emissions Reduction award from ESG Risk AI. We are glad that our commitment towards collective sustained growth was recognized. Our efforts for continuous enhancement of solar plant capacity, net-zero target in alignment with SBTi, paste fill plant, dry tailing plant and wind power generation contribute to creating a greener future. We at Hindustan Zinc will continue our efforts towards a sustainability-conscious world.”

Hindustan Zinc has been recognized as one of India's leading wind power producers and the company's 40 MW of solar plants holds the credit of being installed over man-made waste dump yards.The company has reduced GHG emissions from its operations by 2.87% from the previous year and is among few companies to undertake science-based targets to reduce Scope 1 and 2 GHG emissions by 2026. The company has come up with innovative sustainable solutions to reuse and recycle 31% of the waste generated and 39.6% of the water consumed. The company has incorporated a modern alternative to waste usage through the means of ‘Paste Fill’ technology which combines the backfilling process with the tailing management. Another noteworthy initiative in reducing freshwater intake is the 60 MLD Sewage Treatment Plant under PPP Model which provides a sustainable water source to the company’s operations. All operating units of the company are equipped with Environmental Management Systems ISO 14001.

About ESGrisk.ai (ESG Risk Assessments & Insights Limited):

ESGrisk.ai (ESG Risk Assessments & Insights Limited) is India’s first ESG Rating company and is a wholly owned subsidiary of Acuité's Ratings & Research Limited. ESGrisk.ai’s assessment methodology covers company performance on Environment, Social, and Governance parameters as well as their reporting transparency.

About Hindustan Zinc Limited

Hindustan Zinc, a Vedanta Group Company, is one of the world’s largest and India’s only integrated producer of Zinc-Lead and Silver. The Company has its Headquarter at Udaipur in the State of Rajasthan where it has its Zinc-Lead mines and smelting complexes. Hindustan Zinc is self-sufficient in power with captive thermal power plants and has ventured into green energy by setting up wind power plants. The Company is ranked 1st in Asia-Pacific and globally 7th in Dow Jones Sustainability Index in 2020 amongst Mining & Metal companies. Hindustan Zinc is a certified Water Positive Company, a member of the FTSE4Good Index and has scored ‘A’ rating by CDP for climate change.

Being a people-first company, Hindustan Zinc believes in inculcating the values of Trust and Excellence to have a culture of high-performance in its workforce. The company takes pride in having some of the best-in-class people practices and employee centric initiatives, which have certified Hindustan Zinc as – ‘Great Place to Work 2021’, ‘Company with Great Managers 2020’ by People Business and the PeopleFirst HR Excellence Award. 

As a socially responsible corporate, Hindustan Zinc has been relentlessly working to improve the lives of rural and tribal people residing near its business locations. The company is amongst the Top 15 CSR Spenders in India and are currently reaching out to 700,000 people in 184 villages of Rajasthan, 5 in Uttarakhand and 16 villages in Gujarat. As a market leader, Hindustan Zinc governs about 78% of growing Zinc market in India.

Learn more about Hindustan Zinc on - https://www.hzlindia.com/home/ and follow us on LinkedIn, Twitter, Facebook, and Instagramfor more updates.