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Our businesses are committed to reducing carbon emissions, complementing our carbon reduction target with India’s ambitious net-zero emissions objective by 2070 (which, in turn, is aligned with the Paris Agreement’s 1.5°C target). This commitment aligns our strategic direction with global priorities. We endorse the Task Force on Climate-related Financial Disclosures (TCFD) recommendations, extending our commitment beyond production processes to supply chains, governance, disclosures, and policy advocacy.

Achievements | FY 2022-23

Energy efficiency:	We reduced our energy intensity (per rupee of turnover) by 49.73% compared to FY 2021- 22. This reduction underscores our commitment to sustainable practices, financial prudence, and environmental responsibility.
Energy mix:	In FY 2022-23, the share of renewable energy rose to 1.82 million GJ, a significant increase from the 0.23 million GJ recorded in FY 2021-22, highlighting our commitment to incorporate clean energy sources.
Nature-based solutions:	Our actions have mitigated climate change while fostering biodiversity conservation and environmental resilience. We increased green cover across businesses, enhancing carbon sequestration and environmental sustainability. Notably, we planted 37.06 million trees by December 2022.
Deep decarbonisation technologies:	We aim to replace conventional fossil fuel-based energy sources with clean and sustainable alternatives. Our objective is to establish a comprehensive integrated platform that produces cost-effective green hydrogen and offers a complete energy supply chain solution.
Circular economy:	Our company optimises energy use, minimises waste generation, maximises resource efficiency, promotes reuse and enhances materials recycling. These initiatives prolong the lifespan of materials, reduce new resource extraction and mitigate carbon emissions.
Certified green buildings:	We are rapidly embracing green building practices. Our Chennai data center, solar manufacturing facility (Mundra), and Mumbai’s Terminal 2 achieved Platinum-rated green building certifications. Our company plans to implement green building standards across all airport sites.
Science-based target initiatives:	Our targets help cut greenhouse gas emissions and are considered 'science-based' if they align with the latest climate science needed to meet the Paris Agreement goals—keeping global warming well below 2°C and striving for 1.5°C above pre-industrial levels.

Decarbonisation

Achievements | FY 2022-23

'For Better Tomorrows'