AhmedabadSeptember 26, 2024 – Adani Cements Limited, part of the diversified Adani portfolio, has joined the Alliance for Industry Decarbonisation (AFID), a global alliance of companies across industries to accelerate the net zero transition in conjunction with the Paris Agreement.
Ambuja is the first cement manufacturer in the world to become part of AFID. AFID is a global platform for sharing insights and experiences among private and public stakeholders in energy-related sectors.
The company, which operates in the hard-to-abate cement industry, aims to achieve net zero by the year 2050 with targets endorsed by the Science Based Targets Initiative (SBTI).
As part of its green energy commitment, the company has invested Rs. 100 billion investment plan has been announced.
This ambitious target will reduce carbon footprints and provide attractive economic benefits. Ambuja Cements has become eight times plastic-negative and 11 times water-positive by FY 2024 and has utilized more than 8.6 million tonnes of waste-derived resources.
“This is another important step in Ambuja Cements' sustainability journey. We are among the lowest emission cement manufacturers worldwide and have undertaken several strategic initiatives to reduce our GHG emission footprint. Being a member of the Alliance for Industry Decarbonisation will benefit from the experiences of global companies from different industries and in turn we will be able to share our experience for decarbonisation”, said Mr. Karan Adani, Non-Executive Director of Ambuja CementsIt said.
AFID aims to foster cooperation and provide industry-level dialogue to help companies build strong decarbonisation strategies while staying true to their country's commitments. The International Renewable Energy Agency (IRENA) coordinates and manages the activities of this alliance.
