Godrej Group Introduces Science Based Targets (SBTi) Emission Reduction Initiative
Godrej Industries Limited and Associate Companies (GILAC) submitted reduction targets to the SBTi programme. GILAC has assessed the emissions reductions required for all group companies (Scope I+II+III) and committed to decreasing them under the SBTi global objective.
GILAC will continue to reduce emissions by continually upgrading energy efficiency technologies and processes and by increasing the use of clean energy by shifting from fossil fuels to renewable fuels such as biomass, captive solar, rooftop solar, open access purchase, cogeneration, and green storage.
GILAC is also investigating low-energy water recovery systems and climate solutions based on nature for carbon capture.
The SBTi standards are the world's first science-based certification of firms' emissions reduction goals under the Paris Agreement's goal of limiting global warming to 1.5 °C. The targets provide a well-defined roadmap for businesses to cut greenhouse gas emissions and mitigate the worst effects of climate change.
In March 2022, more than 55 per cent of GILAC's energy came from renewable sources, reaching 70 per cent renewables by 2025. GILAC is also 50 per cent carbon neutral for scopes 1 and 2 and aspires to 100 per cent by 2025. By joining SBTi, GILAC furthers its continued effort to reduce its activities' environmental footprint.
Gayatri Divecha, Head – CSR and Sustainability, Godrej Industries Limited and Associate Companies, said:
”Climate science is clear – going beyond 1.5 °C global warming will have catastrophic risks for our planet, people, businesses, and profitability. Our world is increasingly interconnected, and we can’t escape this impact. Committing to the Science Based Targets initiative (SBTi) is key to integrating environmental sustainability into the heart of our operations and it aligns with our ESG priorities of building a more equitable, inclusive and greener world.”
Speaking about the commitment, Nadir Godrej, Chairman and Managing Director of Godrej Industries Limited, said:
"We set bold, ambitious emissions reduction targets way back in 2010 and we’ve been reporting our emissions and progress to CDP for a decade. Committing to SBTi was the right next step for us. The commitment is in line with our ambition to reduce our GHG emissions beyond our businesses and to cover our entire value chain.”
Source: BOLLYINSIDE
