New Delhi: Adani Group owned Ambuja Cements Limited has become the world’s first cement company to join the ‘Alliance for Industry Decarbonization’ (AFID), a global alliance of companies across industries to accelerate Net Zero transition in the world. The targets and standards of the alliance is in line with the Paris Agreement. The AFID, is a global platform for exchanging insights and experiences among private and public stakeholders in the energy-intensive sectors.
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Ambuja Cements Aims To Achieve Net Zero By 2050
Ambuja Cements aims to achieve Net Zero status by 2050, with targets validated by the Science Based Targets initiative (SBTi). As part of its green energy commitment, the cement player has announced its plan to invest Rs 10,000 crore in renewable energy sector. The projects include having 1GW capacity, production of 376 MW of energy from Waste Heat Recovery System(WHRS), etc. Ambuja Cements aims to power 60% of its expanded capacity through renewable energy by FY28. This ambitious goal will reduce the carbon footprint and offer compelling economic advantages. Ambuja Cements utilized over 8.6 million tonnes of waste-derived resources and became 11x water-positive and 8x plastic-negative in FY24.
Ambuja Cements Amongst Lowest Emission Producers
“This marks another significant step for Ambuja in its sustainability journey. We are already amongst the lowest emission intensity cement producers globally and are undertaking a number of strategic initiatives to further reduce our GHG emission footprint. Being a member of the Alliance for Industry Decarbonization would allow us to leverage the experiences of global cross-sector industry peers, and in turn, share our approach to decarbonization,” said Karan Adani, Non-Executive Director, Ambuja Cements.
The AFID aims to facilitate dialogue among industries and increase cooperation to help companies develop solid decarbonisation strategies which will be aligned with their respective countries’ commitments. The International Renewable Energy Agency (IRENA) coordinates and facilitates the activities of the alliance.
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