UltraTech has been ranked No.1 in sustainability in the infrastructure and engineering sector in India’s most sustainable companies rankings announced by Sustain Labs Paris’ (SLP). The infrastructure and engineering sector includes all building material companies such as cement and ready-mix concrete companies. UltraTech has also been listed as among the top 15 companies in India for sustainability in the rankings.
In their report titled ‘Next Step for Corporate India-2022 India Sustainability Report’, which is based on Sustain Labs Paris’ team’s research all year round, they have rated the sustainability performance of India’s 200 largest companies by revenue. The companies were assessed, scored, and ranked on their sustainability performance in financial year 2020-21 in accordance with the SLP sustainability cube framework, using an elaborate matrix of 31 key performance indicators (KPIs) covering six key aspects of sustainability:
resource efficiency, social entrepreneurship, financial management, employee well-being, clean revenue and inclusive supply chain.
KC Jhanwar, managing director, UltraTech Cement, said, “UltraTech has adopted a holistic approach to integrating sustainability into its business conduct. We are scaling up investments in the development of innovative products and services, improving energy efficiency, increasing the share of renewable energy and scaling up the use of alternative fuels and raw materials (AFR) in our manufacturing operations.”
The focus areas of sustainability for UltraTech are decarbonisation, circular economy, biodiversity management, water positivity, safe operations and community development. UltraTech has the distinction of being the first company from India to successfully raise dollar denominated sustainability linked bonds (SLB).
UltraTech has made significant strides in driving its diversity agenda. UltraTech has the highest women representation of 30% in the board within the building materials segment in India. It has similarly made strong progress in driving gender diversity across its operations too. UltraTech is the first company in India to commission an all-women managed ready-mix-concrete plant.
UltraTech’s key climate change commitments:
UltraTech is a signatory to the GCCA Climate Ambition 2050 and has committed to net-zero concrete roadmap announced by GCCA. UltraTech’s GHG emission reduction targets are validated by science-based targets initiative (SBTi). The key targets include reduce scope 1 carbon dioxide intensity by 27% by 2032 from 2017 levels, and reduce scope 2 carbon dioxide intensity by 69% by 2032 from 2017 levels. UltraTech is committed to move towards 100% renewable sources by 2050 under the #RE100 commitment run by The Climate Group. UltraTech targets to double energy productivity by the financial year FY35, from the base year of FY10, as part of its EP100 commitment.
