Hindustan Zinc's Membership Boosts Sustainable Mining Efforts
Hindustan Zinc Joins the International Council on Mining and Metals
Hindustan Zinc Limited (BSE: 500188) (NSE: HINDZINC) has achieved a remarkable milestone by becoming the first Indian company admitted to the International Council on Mining and Metals (ICMM). This global organization comprises 25 leading companies in the mining and metals sector, united in their mission to promote sustainability, ethical practices, and transparency throughout the industry.
Significance of Joining ICMM
The induction of Hindustan Zinc into ICMM follows a thorough independent review and assessment process. This endorsement highlights the company's dedication to adhering to rigorous sustainability standards and its intent to collaborate with other mining leaders globally. The membership strengthens the company's position in promoting responsible mining practices and sustainability efforts.
Commitment to Sustainability
Priya Agarwal Hebbar, Chairperson of Hindustan Zinc, stated that this new membership symbolizes the company's ongoing commitment to sustainability and innovation. It allows for collaboration with global mining leaders who share similar values in responsible resource development.
Performance Expectations from ICMM
As a new member, Hindustan Zinc commits to implementing ICMM's stringent 40 performance expectations across various Environmental, Social, and Governance (ESG) areas. This includes ensuring third-party validation of practices across all operational fronts that foster sustainability.
A New Chapter for Hindustan Zinc
Arun Misra, the CEO of Hindustan Zinc, described the membership as ushering in a new era in the company's Sustainability 2.0 journey. This phase emphasizes integrating global best practices to cultivate long-term environmental and social impact, positioning the company as a leader in the sector.
Leadership in Mining Sector
Rohitesh Dhawan, President & CEO of ICMM, expressed enthusiasm over Hindustan Zinc's membership, noting it will significantly enhance collective efforts in promoting sustainable mining. It cements the company’s leading role in the Indian mining industry, which is crucial for the overall growth and development of the sector.
Looking to the Future
Headquartered in Udaipur, Hindustan Zinc operates various silver-lead-zinc underground mines, smelters, and related infrastructure. The company has received acclaim for its excellence in tailings management, decarbonization, and accelerating the circular economy. These accolades reflect Hindustan Zinc’s focus on diversity, equity, and inclusion efforts along its operational framework.
Recognition and Global Standards
Hindustan Zinc has been recognized by the S&P Global Corporate Sustainability Assessment as the world's most sustainable metals and mining company for two consecutive years. The company has set its sights on ambitious 2030 Sustainable Goals, which include climate action, biodiversity preservation, responsible water use, and circularity. Furthermore, it is committed to achieving Net Zero emissions by 2050 or earlier. Hindustan Zinc stands out as the first Indian metals and mining organization to secure Science Based Targets initiative (SBTi)-validated targets aligned with the 1.5°C goal. An impressive 15% reduction in greenhouse gas emissions intensity has already been achieved compared to figures from 2020.
Follow Hindustan Zinc for Updates
For more information on Hindustan Zinc's initiatives and updates, interested individuals can visit the company’s official [website](https://www.hzlindia.com) and follow them on social media. The company actively shares insights about its commitment to sustainability and community engagement on platforms such as LinkedIn, Facebook, and Instagram.
Frequently Asked Questions
What does Hindustan Zinc's membership in ICMM signify?
Hindustan Zinc's membership indicates its commitment to sustainability, transparency, and ethical practices in mining, aligning with global standards.
Who leads Hindustan Zinc?
Priya Agarwal Hebbar serves as the Chairperson, while Arun Misra is the CEO, driving the company's sustainable practices and growth strategies.
What are ICMM’s performance expectations?
ICMM outlines 40 performance expectations covering various Environmental, Social, and Governance (ESG) practices, which Hindustan Zinc will adopt.
How is Hindustan Zinc contributing to global sustainability goals?
The company has set ambitious targets, including achieving Net Zero emissions by 2050 and reducing greenhouse gas emissions intensity.
Where is Hindustan Zinc headquartered?
Hindustan Zinc is headquartered in Udaipur, India, and operates multiple mines and smelters throughout the region.
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