Hindustan Zinc Limited Leads Globally in the S&P Global Corporate Sustainability Assessment

Hindustan Zinc Limited (HZL) has achieved global recognition by securing the highest CSA Score of 85* in the S&P Global Corporate Sustainability Assessment among the 238 companies in the metals and mining sector. The company, with the significant improvement in its scores from 80 last year to 85 this year, reaffirms its constant commitment to sustainable and responsible mining practices.

Speaking on this achievement, Ms. Priya Agarwal Hebbar, Chairperson, Hindustan Zinc Limited and Non-Executive Director, Vedanta Limited said, "We are proud of Hindustan Zinc's and Vedanta's remarkable performance in the S&P Global Corporate Sustainability Assessment. Our improved ranking in the prestigious global assessment is a testament to our commitment towards building a sustainable future. We continue to march on this transformative journey, creating global benchmarks in our industry. Our gratitude to our colleagues, supply partners and investors who are all part of the unique support system that's made this achievement possible."

Commenting on this significant achievement, Mr. Arun Misra, CEO, Hindustan Zinc and Executive Director, Vedanta, said, "We are delighted and honored to be recognized globally as the highest performer by the S&P Global Corporate Sustainability Assessment. This recognition is a testament to the impactful sustainability initiatives adopted at Hindustan Zinc. Our ongoing initiatives consistently align with the overarching corporate goal of becoming a global leader in sustainable mining and metal production. We remain resolute in amplifying our sustainability endeavours, driving positive change in the industry, and establishing new benchmarks for responsible business practices."

Notably, the company's rise from the 5th highest score of 77 in the year 2021 to the 3rd highest score of 80 in 2022 and now, the top position at 85 reflects improved environment, social and governance (ESG) practices and performance among its peers.

The company's collaborative efforts towards achieving #NetZero emissions, in alignment with their targets validated by SBTi, have propelled their journey towards decarbonising by 2050 or sooner. Introducing Battery Electric Vehicles (BEV) in underground mining, powering its Pantnagar Metal Plant with 100% green energy, securing its renewable energy sourcing of 450 MW while ensuring water positivity and promoting inclusivity & diversity have contributed to the company's global achievement.

Hindustan Zinc, a Vedanta group company, is dedicated to green operations and environmental stewardship, leveraging cutting-edge technology and sustainable practices.

Shares of Hindustan Zinc Limited was last trading in BSE at Rs. 318.30 as compared to the previous close of Rs. 318.70. The total number of shares traded during the day was 45016 in over 1230 trades.

The stock hit an intraday high of Rs. 319.45 and intraday low of 318.00. The net turnover during the day was Rs. 14350768.00.

*S&P Global Corporate Sustainability Assessment (CSA score) is an annual evaluation of companies' sustainability practices, focusing on sustainability criteria that is both industry specific and financially material, declared on 22nd December, 2023.

Source : Equity Bulls

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HindustanZinc INE267A01025 CSAScore CorporateSustainabilityAssessment