Championing Climate
Action

As one of the world's largest cement companies, UltraTech is committed to enabling the transition to a low carbon economy. We have developed a strategic long-term plan for GHG emissions reduction linked to business growth

Climate Change

Cement is a carbon-intensive industry. We have therefore integrated a low carbon strategy into our business roadmap to address SDG 13 (climate change goal) based on COP 211 of the United Nations Framework Convention on Climate Change (UNFCCC).

Our strategy is governed by energy and carbon policy which has been adopted by all our units. We have undertaken a voluntary strategy to reduce the impact of our operations on climate change. 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 GHG emissions 27% per ton of cementitious material by FY2032, from a FY2017 base year. UltraTech has also committed to reduce scope 2 GHG emissions 69% per ton of cementitious material within the same time frame.

UltraTech has recently adopted the TCFD framework and is a supporter to the TCFD recommendations issued by Financial Stability Board (FSB). We have also championed deployment of internal carbon pricing (ICP) 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
  • Commitment to double energy productivity by becoming members to EP100
  • Reduced FY21 Scope 1 CO2 intensity by about 6% compared to FY 2017 against the SBTi target of 27% by 2032.
  • Our FY21 CO2 intensity has decreased to 596 from 759 kg/tonne of cementitious product (FY06)
  • Focused R&D efforts to diversify our portfolio by including products which have lower GHG impact.
  • Launched low carbon products such as Portland Pozzolona Cement (PPC) Super and Composite Cement which have a lower clinker factor compared to Ordinary Portland Cement (OPC)
  • Increased the share of renewable energy with effective capacity of more than 148 MW renewable power source
  • As a part of our green energy portfolio, we have waste heat recovery power projects of 125 MW installed capacity and have plans in place to aggressively scale the capacity
  • Reduced lead distance for procurement of raw materials through local suppliers at various units

121st yearly session of the Conference of the Parties

Climate Change