UltraTech Cement joins RE100
Udaipur: UltraTech Cement Limited, the largest manufacturer of grey cement, white cement and ready-mix concrete in India, has announcedits commitmenttoClimateGroup’s RE100 initiative at Climate Week NYC 2021. As part of this commitment, UltraTech targets to meet 100 per cent of its electricity requirement through renewables sources by 2050. RE100, led by Climate Group in partnership withCDP,brings togethertheworld’smostinfluential businesses committed to 100 per cent renewable electricity. UltraTech has set a 100 per centrenewableelectricity targetforitsentire globaloperationsby2050.Inthelasttwoyears, UltraTech has scaled up its contracted renewableenergycapacityby2.5times.TheCompany has already set a target to scale up its green energy mix to 34 per cent of its total power requirement by 2024, from the current levels of 13 per cent. “ W e havemade t r e m e n - d o u s progress in scaling up the use of greenenergy in our operations. The commitment to move to 100 per cent renewable energy to meet our electrical energy requirements by 2050 is both a reflection of our confidence on the progress we have made, as well as our commitment to overcome the challenges ahead. With us now joining the RE100 group, UltraTech will become part of a high-profile global campaign that advocates for a strong business case in transitioning to renewable energysourcesinbuildingadecarbonizedeconomy,”saidKailashJhanwar,ManagingDirector, UltraTech Cement.. UltraTech is also the first company in India and the second company in Asia to link its financial commitments with sustainability targets through the issuance of dollar-based sustainability linked bonds
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