Hindustan Zinc CDP Climate Change Questionnaire 2023 Tuesday, August 1, 2023
Welcome to your CDP Climate Change Questionnaire 2023
C0. Introduction
C0.1
(C0.1) Give a general description and introduction to your organization.
Hindustan Zinc Limited (HZL) is the largest mining and metal production company in India and world's second largest zinc-lead miner. The company was established in 1966 and is headquartered in Udaipur, Rajasthan, India. HZL has more than 50 years of operational experience and gives highest priority to safety of its people and the conservation of scarce natural resources. The company has a total R&R base of 460.1 MT and an average zinc- lead grade of 7.18%. The average mine life is over 25 years. HZL's fully integrated zinc operations currently hold 80% market share in India's primary zinc industry.
In addition, HZL is the 5th largest silver producer, globally, with an annual production capacity of 800 MT. HZL is a subsidiary of Vedanta Limited, which owns 64.9% stake in the Company while the Government of India retains a 29.5% stake. Currently, HZL's ore production capacity stands at 16.74 million MT per annum. The company is aggressively expanding its mining capacities, with five ongoing major underground mining operations. Our high- quality silver bullion produced at Pantnagar unit has a 99.9% purity and is listed on LBMA Good Delivered List (LGD).
All our units are certified to ISO: 50001 Energy Management System. In FY 2022-23, we produced wind power of 409.26 million units, solar power of
76.16 million units, and Waste Heat Energy of 227.89 million units. With focused efforts and initiatives in expanding our green footprint, we have avoided 8.66 lakh tonnes of CO2 emissions during FY 2022-23, as against 6.13 lakh tonnes in FY 2021-22.
HZL has set an ambitious target of 50% reduction in Scope 1 & Scope 2 GHG emissions, a 25% reduction in Scope 3 GHG emissions by 2030 and achieving net zero by 2050 (currently these targets are under final stage of validation by SBTi). Aligned with these commitments, HZL has entered
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Hindustan Zinc CDP Climate Change Questionnaire 2023 Tuesday, August 1, 2023
long-term group captive renewable power delivery agreement of 200 MW & 250 MW renewable energy, round the clock (RE RTC).. To achieve net zero commitment, HZL has undertaken the following initiatives:
- Procured 100% renewable power at Pantnagar metal plant leading to GHG emission reduction of more than 30,000 tCO2e annually.
- Deployed India's first underground battery electric vehicle in mining operations.
- Business partners deployed 21 electric vehicles in smelting operations (Forklifts & tow trucks).
- Signed 200 MW & 250 MW RE power delivery agreement that will reduce GHG emissions by 2.7 Mn tCO2e by 2026.
- Introduced group electric vehicle policy to incentivise EV use by employees.
• Implementation of energy saving initiatives that helped save | 5,81,916 GJ of energy. |
- Green company (GreenCo) certifications for all our smelters and a few mining locations by the Confederation of Indian Industries (CII). In FY 2022-23, HZL achieved several noteworthy climate change-related recognitions, few are as below:
- Ranked 3rd Globally in Metal & Mining companies and 1st in Asia Pacific in S&P Corporate Sustainability Assessment (DJSI) 2022
- Won in 'Oriented Category' at the 3rd edition of CII CAP 2.0 Awards 2022
- Won the "Industry Leadership Award - Base, Precious and Specialty Metals" and "Corporate Social Responsibility" at the prestigious
S&P | Global Platts Global Metal Awards |
- Noted as amongst the top 5% of most sustainable organizations by S&P, included in Sustainability Yearbook 2023
- Four mines received 5 Star Rated Mines' award by the Ministry of Mines, Govt. of India
- Scored 'A' in CDP Climate Change and 'A-'in CDP Water Security
C0.2
(C0.2) State the start and end date of the year for which you are reporting data and indicate whether you will be providing emissions data for past reporting years.
Reporting year
Start date
April 1, 2022
End date
March 31, 2023
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Hindustan Zinc CDP Climate Change Questionnaire 2023 Tuesday, August 1, 2023
Indicate if you are providing emissions data for past reporting years
Yes
Select the number of past reporting years you will be providing Scope 1 emissions data for
5 years
Select the number of past reporting years you will be providing Scope 2 emissions data for
5 years
Select the number of past reporting years you will be providing Scope 3 emissions data for
5 years
C0.3
(C0.3) Select the countries/areas in which you operate.
India
C0.4
(C0.4) Select the currency used for all financial information disclosed throughout your response.
INR
C0.5
(C0.5) Select the option that describes the reporting boundary for which climate-related impacts on your business are being reported. Note that this option should align with your chosen approach for consolidating your GHG inventory.
Operational control
C-MM0.7
(C-MM0.7) Which part of the metals and mining value chain does your organization operate in?
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Hindustan Zinc CDP Climate Change Questionnaire 2023 Tuesday, August 1, 2023
Row 1
Mining
Zinc
Lead
Processing metals
Silver
Zinc
Lead
C0.8
(C0.8) Does your organization have an ISIN code or another unique identifier (e.g., Ticker, CUSIP, etc.)?
Indicate whether you are able to provide a unique identifier for your organization | Provide your unique identifier |
Yes, an ISIN code | INE267A01025 |
C1. Governance
C1.1
(C1.1) Is there board-level oversight of climate-related issues within your organization?
Yes
C1.1a
(C1.1a) Identify the position(s) (do not include any names) of the individual(s) on the board with responsibility for climate-related issues.
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Hindustan Zinc CDP Climate Change Questionnaire 2023 Tuesday, August 1, 2023
Position of | Responsibilities for climate-related issues |
individual or | |
committee | |
Chief Executive | As the highest decision-maker in the company, the CEO holds ultimate responsibility for addressing climate change related issues. |
Officer (CEO) | The Sustainability Committee at the executive level, chaired by our CEO, is responsible for formulating our sustainability strategy, and |
setting the company's long-term goals and targets. The CEO quarterly briefs the board on climate-related matters, including yearly | |
targets and site wise performance, and oversees budget allocation for climate adaptation and mitigation efforts. Our CEO is also a | |
member of Board level Sustainability & ESG committee that meets on a half-yearly basis, where the board is appraised on the | |
progress of decarbonization roadmap. The CEO's responsibilities also encompass overseeing procurement, human resources, | |
finance, research & development, legal, and operations, all of which support the implementation of the company's climate strategy. In | |
FY 2022-23, the following decisions were undertaken under the leadership of CEO: | |
a) Power delivery agreement signed for 450 MW Re-RTC, delivery to begin from 2024 in a phased manner. | |
b) Pantnagar, Uttarakhand refinery adopted 100% green power for its operations leading to emission reduction. | |
c) CEO as a chairman of the International Zinc Association (IZA) is advocating the standardization of scope 3 reporting of the Zinc | |
sector. | |
d) SBTi target re-validation process undertaken for more ambitious targets. | |
e) Participated as a pilot group member of the Science Based Target Network's (SBTN) target validation | |
f) Began working with ICMM on Task Force on Nature related Financial Disclosure (TNFD) piloting. | |
g) First Indian mining company to join the EV revolution, adopting electric vehicles for underground mine operations. The company | |
committed to invest USD 1 billion to convert 900 diesel-run mining vehicles to battery-operated vehicles and low carbon transition. | |
h) India's first underground battery electric vehicle introduced in Sindesar Khurd Mines | |
i) 22 Electric vehicles introduced in our smelting operations by business partners. | |
j) Supplier risk assessment conducted to identify supplier impact on water, biodiversity & Climate using available tools like Water Risk | |
filter, Biodiversity Risk filter, etc. | |
Board-level | The Sustainability and ESG Committee at the Board level forms the Tier-1 of the governance framework to guide the company towards |
committee | achieving its sustainability goals and Net Zero commitment. It comprises of an independent director, an executive director, and two |
non-executive nominee directors. The committee, chaired by an Independent Director, is responsible for providing oversight and | |
formulating our sustainability strategy on various issues, including climate change, environment, safety, transparent disclosures, and | |
setting of long-term goals. The committee considers the risks and opportunities associated with climate change to be an integral part of | |
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Hindustan Zinc Limited published this content on 01 August 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 01 August 2023 14:16:03 UTC.