Ambuja Cements Joins Global Alliance for Industry Decarbonization
Ambuja Cements, a company under the Adani Group, has become the first cement manufacturer to join the Alliance for Industry Decarbonization (AFID). This global alliance aims to accelerate the transition to Net Zero in line with the Paris Agreement.
Ambuja Cements aims to achieve Net Zero by 2050, with targets validated by the Science Based Targets initiative (SBTi). The company plans to invest Rs 100 billion in renewable energy projects, including 1GW capacity and 376 MW from the Waste Heat Recovery System (WHRS), to power 60% of its expanded capacity through green power by FY2028.
In FY24, Ambuja Cements utilized over 8.6 million tonnes of waste-derived resources and became 11x water-positive and 8x plastic-negative. Karan Adani, Non-Executive Director, stated, “This marks another significant step for Ambuja in its sustainability journey. We are already amongst the lowest emission-intensity cement producers globally and are undertaking a number of strategic initiatives to further reduce our GHG emission footprint.”
The AFID, coordinated by the International Renewable Energy Agency (IRENA), aims to facilitate industry-level dialogue and cooperation to help companies develop solid decarbonization strategies aligned with their countries’ commitments.
Doubts Revealed
Ambuja Cements -: Ambuja Cements is a company in India that makes cement, which is used to build things like houses and roads.
Adani Group -: The Adani Group is a big company in India that works in many areas like energy, resources, and transportation.
Alliance for Industry Decarbonization (AFID) -: The Alliance for Industry Decarbonization (AFID) is a group of companies working together to reduce pollution and make industries cleaner.
Net Zero -: Net Zero means that a company will balance the amount of pollution it creates with actions that remove the same amount of pollution from the environment.
Rs 100 billion -: Rs 100 billion is a very large amount of money in Indian currency, used here to show how much Ambuja Cements plans to spend on clean energy projects.
renewable energy -: Renewable energy comes from natural sources like the sun, wind, and water, which do not run out and are better for the environment.
waste-derived resources -: Waste-derived resources are materials that come from waste or garbage, which are then reused or recycled to make new products.
green energy -: Green energy is energy that comes from natural sources like the sun and wind, which do not harm the environment.
FY2028 -: FY2028 stands for Fiscal Year 2028, which is a one-year period used for accounting and financial purposes, ending in 2028.
Karan Adani -: Karan Adani is a person who works as a Non-Executive Director at Ambuja Cements and is part of the Adani family, which owns the Adani Group.
carbon footprint -: A carbon footprint is the total amount of pollution, especially carbon dioxide, that a person or company creates.
