Grasim industries ltd, Cement manufacturing company

Birla Cellulose, the pulp and fibre business of Grasim Industries Ltd. a flagship company of the Aditya Birla Group, today announced its goal to bring down its net carbon emissions to zero across all its operations by 2040, with a possibility to reach it earlier by 2035.This is the most ambitious target set by any company in the Man-made cellulosic fibre (MMCF) industry globally.The company also targets to reduce its greenhouse gas (GHG) emissions intensity to half by 2030 from the baseline of 2019. Birla Cellulose's commitment to carbon neutrality and GHG reductions includes scope 1, scope 2, scope 3 emissions, and the carbon sequestration in managed forests and are derived using science-based methods.Birla Cellulose's net-zero announcement aligns with the United Nations Sustainable Development Goals (SDGs) 7 & 13 on climate change and affordable and clean energy.Sharing his thoughts on the announcement, H K Agarwal, Managing Director Grasim Industries Ltd and Business Director, Birla Cellulose said, "This is a natural progression in Birla Cellulose's global leadership in the area of sustainability. Birla Cellulose's climate target is at the core of its business strategy that aims to address climate change-related risks and adapt to changing consumer preferences for more sustainable, nature-based, and low emission products." He added, "With a legacy of innovation in the MMCF industry spanning seven decades, Birla Cellulose continues to work on cutting-edge technologies that will accelerate this transition."The roadmap would include increased use of renewable energy in its processes, investment in innovative low emission technologies, net positive carbon sequestration in its managed forests, and a sharp focus on circular fashion.Currently, around 40% of the energy for the global operations of Birla Cellulose comes from renewable sources. In addition to this, in an assessment carried by E&Y in 2019, the carbon sequestered in its directly managed forests exceeded the entire scope 1 and scope 2 emissions from global sites during the year.Birla Cellulose leads the industry in sustainability practices such as sustainable forestry (ranked #1 in Canopy Hot Button Ranking 2021) and has set the industry benchmark for the lowest water intensity for viscose and lyocell production. It has recently commissioned the first Zero Liquid Discharge (ZLD) plant in the MMCF industry globally and has the largest social responsibility program in the industry.This story is provided by PRNewswire.will not be responsible in any way for the content of this article. (ANI/PRNewswire)( With inputs from ANI )Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

Home

City

Latest News

Cricket

LT Premium

National

International

Maharashtra

Opinions

Chhatrapati Sambhajinagar

Nagpur

Entertainment

Photos

Business

Technology

Sports

Lifestyle

Social Viral

Lokmat Games

Health

Narendra Modi

Lok Sabha Election 2024

Heatwave In India

Mumbai Water Cut

Maharashtra Lok Sabha Election

IPL 2024

Grasim Industries LtdFOLLOW

Grasim industries ltd, Latest News

Business :Grasim posts 1.8% surge in profit for Sept quarter

Grasim Industries on Monday posted a surge of 1.8 per cent in its standalone net profit to Rs 964 ... ...

International :Indices settle almost steady in volatile trading session

New Delhi, June 3 Domestic equity benchmark indices settled almost steady with downside bias on Friday even though ... ...

Politics :Grasim commissions chemical unit in Andhra Pradesh

Amaravati, April 21 Andhra Pradesh Chief Minister Y.S. Jagan Mohan Reddy on Thursday inaugurated Grasim Industries Ltd's Chlor-Alkali ... ...

Business :Birla Cellulose aims 'Net Zero Carbon emissions across all its operations by 2040'

Birla Cellulose, the pulp and fibre business of Grasim Industries Ltd. a flagship company of the Aditya Birla Group, today announced its goal to bring down its net carbon emissions to zero across all its operations by 2040, with a possibility to reac ...