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Climate Action

Cement is a carbon-intensive industry and is one of the hard-to-abate sectors. We have therefore integrated a low carbon strategy into our business roadmap to address SDG 13 (climate change goal) based on COP 21 and COP 28 of the United Nations Framework Convention on Climate Change (UNFCCC).

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Our strategy is governed by energy and carbon policy which has been adopted by all our units. As a member of international and national organizations such as GCCA, FICCI, CII and CMA, we are committed to publishing our emission data and to set environmental performance targets. UltraTech has committed to Science Based Targets and has aligned its business plans to the requirements of Paris Agreement.

 

SBTi has validated our CO2 emissions target. We have committed to reduce scope 1 CO2 emissions by 27% per ton of cementitious material by FY2032, from a FY2017 base year. UltraTech has also committed to reduce scope 2 CO2 emissions by 69% per ton of cementitious material within the same time frame.

We have also championed deployment of internal carbon pricing (ICP) at $10/t CO2 in our business processes. We find ICP as an excellent tool for accelerating decarbonization across the value chain and to enable this transition within the company.

 

We contribute to the climate actions by integrating low carbon strategy and scaling up investments in the development of innovative products and services, improving energy efficiency, increasing the share of renewable energy and by switching from fossil fuels to alternative materials.

Key Achievements

  • Adopted Internal Carbon Price (ICP) of USD 10/t CO2
  • Doubled energy productivity in FY24 well ahead of the target year 2035 as compared to base year of 2010 as per our EP100 commitment.
  • Net CO2 Scope 1 intensity has decreased to 556 kg/tonne of cementitious products in FY 24 (12% reduction from base year 2017)
  • Focused R&D efforts to diversify our portfolio by including products which have lower GHG impact.
  • Our R&D team has launched green concrete with addition of higher supplementary cementitious material which matches the performance of traditional concrete.  Our team has also developed Ultra-High-Performance Concrete (UHPC) which exhibits high sustainability due to its exceptional durability and resistance to harsh environments.
  • We have significantly increased our renewable energy capacity by 77% and WHRS capacity by 32% in FY24 over FY23. Our green energy capacity as of FY24 stands at 612 MW of RE and 278 MW of WHRS. This has helped us achieve 22% electricity substitution by green power mix in FY24.
  • As a part of our green energy portfolio, UltraTech currently has 890 MW of Green Energy capacity.
  • Reduced lead distance for procurement of raw materials through local suppliers at various units
  • Jointly developing a project to implement Coolbrook’s RotoDynamic HeaterTM (RDH) technology in one of UltraTech’s cement manufacturing units.
  • The jetty attached to Ratnagiri Cement Works, a grinding unit of UltraTech, successfully completed its transition to using 100% renewable energy for its operations.
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