Hindustan Zinc Launches EcoZen, Asia’s First Low Carbon ‘Green’ Zinc
Bhubaneswar : Hindustan Zinc Limited (BSE: 500188 and NSE: HINDZINC),India’s largest and the world’s second-largest integrated zinc producer, launched EcoZen, its low carbon ‘green’ zinc brand today. Recognized as the world’s most sustainable metals & mining company as per S&P Global CSA, the company has launched Asia’s first low carbon ‘green’ zinc offering for its customers worldwide. EcoZen has been certified as low-carbon zinc by a renowned global sustainability consulting firm through a life cycle assessment (LCA) and has a carbon footprint of less than one tonneof carbonequivalent per tonne of zinc produced. Manufactured using renewable energy, the carbon footprint of EcoZen isabout 75% lower than the global average.
The primary application of zinc is for galvanization of steel to protect it from corrosion hence it is a critical mineral essential for modern life. It is important for its role in sectors such as steel, infrastructure, automotive and sunrise sectors such as renewable energy, electronics, hi-tech manufacturing, energy storage, defence and electric mobility. EcoZen demonstrates Hindustan Zinc’s commitment to decarbonize its operations as well as provide its customers with an unmatched competitive advantage to in turn serve their customers with more sustainable choices.This newest offering will lead to a total carbon emission avoidance of about 400kgs across their value chain in galvanizing one tonne of steel with Hindustan Zinc’s EcoZen.
Hindustan Zinc’s latest offering, low carbon ‘green’ zinc has been branded EcoZen.The product brand namealludes to the best of eco-sensitivity and peace-of-mind of a top quality, sustainable low-carbon product that stands the test of time.This low carbon eco-friendly zinchas one of the lowest global warming potential (GWP) values on the market about 75% lower than the global average. The product’s certification process is based on a mass-balance approach and has been undertaken using the cradle to gate method.
Priya Agarwal Hebbar, Chairperson Hindustan Zinc and Non-Executive Director Vedanta Group, said, “Sustainability continues to be at the core of all our business decisions. Hindustan Zinc being #1 in the S&P Global Corporate Sustainability Assessment, is testament to our commitment of building a sustainable future. Today, the launch of EcoZen is another leap in our journey of becoming Net Zero by 2050. By setting global benchmarks in the field of ESG, Vedanta’s Hindustan Zinc is revolutionizing the natural resources industry by creating safer, smarter and more sustainable operations & products.”
Speaking on the occasion of the product launch, Arun Misra, CEO Hindustan Zinc Limited expressed, The launch of EcoZen marks a historic milestone in our journey of decarbonizingour operations, also serving environmentally conscious customers who are discerning about the origin of the raw materials they use and aim to decarbonize their supply chain.This is a major milestone in our product strategy, in line with Hindustan Zinc’s net-zero goals.Produced with a carbon footprint of less than one tonne of carbon equivalent, EcoZen represents one of the most sustainable low carbonzincoptions on the marketfor its role in protecting infrastructure and in technologies for the low carbon transition.”
Hindustan Zinc in alignment with its verified SBTi (Science Based Targets Initiative) targets of reducing its carbon emissions by 50% by 2030 is taking mitigating efforts to reduce carbon footprint. To mitigate its carbon footprint, the company is augmenting the quantum of renewable energy in its existing power mix and also improving operational efficiency.The company recently announced that it has started receiving the first flow of round-the-clock renewable energy as part of its 450 MW power delivery agreement. This is in addition to its existing 40.7 MW of captive solar power. These initiatives have helpedHindustan Zinc reduce its GHG (greenhouse gas)emissions intensity by 14% in FY24from 2020.
Hindustan Zincoffers one of the largest zinc product portfolios in the world and is focused on a ‘customer-first’ approach to product innovation. The company supplies to more than 40 countries across Europe, South America, Oceania and the Middle East. Hindustan Zinc’s Customer Technical Services team and Centre of Excellence work closely with customers to serve their emerging needs as per their specifications.Committed to providing the topmost quality products, the company’s zinc offerings are the first in the country to be Environmental Product Declaration (EPD) verified- providing comparable data on the product’s environmental footprint, along with ISO and BIS (Bureau of Indian Standards) certifications for quality. Additionally, the company also has REACH quality certification for exporting its products to Europe.
Hindustan Zinc Limited, a Vedanta Group company, is the world’s second-largest zinc producer and the third-largest silver producer globally. The company supplies to more than 40 countries and holds a market share of about 75% of the primary zinc market in India. Hindustan Zinc is also a certified 2.41 times Water-Positive company and is committed to achieving Net Zero emissions by 2050 or sooner. As a world leader in the metals and mining industry, Hindustan Zinc is pivotal in providing critical metals essential for the global energy transition for a sustainable future.
