UN Climate Ambition Summit 2020: Dalmia Cement reaffirms to become carbon-negative by 2040

New Delhi: Climate Ambition Summit 2020, co-hosted by the United Nations, UK, and France, in partnership with Chile and Italy on Dec. 12th, fifth anniversary of Paris Climate Agreement, was an opportunity to Governments, Civil Society and private sector to present more ambitious and progressive climate commitments to limit global warming to 1.5C.

Speaking at the Summit, Hon’ble Prime Minister of India, Mr. Narendra Modi emphasised how India will exceed the Paris Climate Agreement goals and highlighted that country has reduced its emission intensity by 21% from 2005 levels.

At the end of the Climate Ambition Summit, the COP-26 President and Secretary of State for Business in the Government of U.K. concluded his remarks by praising the Governments and private sector in taking ambitious commitments in solving the climate crisis. He thanked Apple, and Dalmia Cement for making net zero commitments. Link- https://www.youtube.com/watch?v=9GAf76hg6B4&feature=youtu.be

Dalmia Cement (Bharat) Ltd. is the first heavy-industry sector company globally to announce 2040 carbon negative commitment in 2018 and served as a sector influencer. It is one of the most efficient cement manufacturing company globally with one of the lowest carbon footprints (in cement manufacturing).

Dalmia Cement (Bharat) Ltd.’s participation in the summit was a recognition to its leadership role in climate actions and bold commitments. It was the only heavy-industry sector company globally that was invited to share its 2040 carbon negative commitment and, to highlight the Global Cement and Concrete Associations’ 2050 Carbon Neutral Concrete commitment.

Speaking at the United Nations Climate Ambition Summit 2020, Mr. Mahendra Singhi, MD & CEO, Dalmia Cement (Bharat) Ltd underlined time to act is now as an unprecedented climate challenge is being faced by all. He further added that Dalmia Cement has been working towards climate change mitigation to create a more sustainable cement and construction sector. He highlighted “Clean and Green is Profitable and Sustainable”, the larger purpose business philosophy of Dalmia Cement to create business opportunities in reducing CO2 emissions with a co-benefit approach.

Mr. Singhi emphasised on global collaborations and mentioned Dalmia Cement’s collaborations with stakeholders globally towards realisation of the carbon negative roadmap with specific reference to scalable deployment of deep decarbonisation technologies such as 100% renewable electricity, energy efficiency improvements and Carbon Capture and Utilisation (CCU) in a just transition approach.

Sustainability has always been a way of life at Dalmia Bharat. The company is globally ranked No 1 by CDP on business readiness for a low carbon economy transition. The group is more than five times water positive and is the first cement company in the world to join both EP100 and RE100.

Mr. Singhi also shared his views on the sustainable initiatives taken by Dalmia Cement (Bharat) Ltd., along with sharing insights on the best practices in sustainable business and other clean and green initiatives at the IFC Climate Business Webinar held today.