Ambitious Targets for Carbon Emission Reduction
Jindal Stainless Ltd (JSL) has embarked on a monumental journey towards environmental sustainability by forging a transformative partnership with the esteemed Science-Based Targets Initiative (SBTi) based in the UK. This collaboration, a profound testament to JSL’s unwavering commitment to a greener future, is poised to devise strategies and targets to propel JSL towards its audacious goal of net zero emissions.
JSL has set audacious targets to eliminate its carbon footprint by 2050. The company plans to generate a remarkable 1.9 billion units of clean electricity annually to fuel this mission. By the targeted year, JSL envisions reducing carbon emissions by over 13.52 lakh tonnes per year, a feat that highlights its unwavering commitment to sustainability.
Comprehensive Assessment
As part of the SBTi partnership, JSL will comprehensively assess its greenhouse gas (GHG) inventory across its operations and value chain. This thorough assessment is a crucial step towards developing science-based targets that align with the objectives of the Paris Agreement, a global initiative to combat climate change by limiting global warming to well below 2 degrees Celsius.
Commitment to Sustainable Practices
Abhyuday Jindal, Managing Director of Jindal Stainless, emphasized the company’s commitment to sustainability through this partnership. He stated, “By aligning with SBTi’s standards, we aim to significantly reduce carbon footprint and inspire positive change within the industry.”
About SBTi
The Science-Based Targets Initiative (SBTi) is a collaborative effort between leading organizations such as CDP, a global environmental disclosure platform, the United Nations Global Compact, a voluntary initiative to implement sustainable and socially responsible policies, the World Resources Institute (WRI), a global research organization, and the World Wide Fund for Nature (WWF), a leading conservation organization. SBTi provides companies with standards, tools, and guidance to set ambitious emission reduction targets aligned with climate science.
Driving Climate Action
Through its collaboration with SBTi, Jindal Stainless is not just addressing climate change but also leading the charge. This proactive approach and adoption of sustainable business practices are a testament to JSL’s unwavering commitment to environmental stewardship. This partnership sets a powerful precedent for industry-wide climate action, inspiring optimism for a greener, more sustainable future.
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