Page 152 - CW E-Magazine (19-11-2024)

Top Stories

ESG DEVELOPMENTS

Hindalco ranked world’s most sustainable aluminium

company

Hindalco Industries Ltd., the Aditya Hindalco achieved the 100th percen- from renewables by 2030. Hindalco
Birla Group’s metals fl agship, has tile in most aspects of the three dimen- recycled 85% of its operational waste
emerged as the ‘World’s Most Sustain- sions of ESG, including climate stra- in FY24, and three of its units received
able Aluminium Company’ for the fi fth tegy, environment and social reporting, zero-waste to landfi ll certifi cation in
consecutive year in the 2024 edition of and water-related risks, as well as in ope- line with the company’s goal to achieve
the S&P Global Corporate Sustainability rational eco-effi ciency parameters such zero-waste to landfi ll by 2030. Its
Assessment (CSA) rankings. Hindalco, as waste management and resource con- US-based subsidiary, Novelis, the largest
the only aluminium company to secure sumption, cybersecurity, community aluminium recycler, processed about
the top position in the S&P Global engagement, and employee development. 2.3-mt of recycled aluminium in FY24.
CSA, achieved a total score of 87 points The company made signifi cant improve-
(as of 30 October 2024), improving its ments in its ES) performances and its All these initiatives helped Hindalco
tally by 9 points from last year, and is sustainability ranking showed continuous secure the 100th percentile in the envi-
22 points ahead of its closest peer. improvement in all parameters. ronmental segment with an overall
score of 87%, which is the highest
The DJSI World Index comprises The company is leading in cli- among its industrial peers and is 24%
the top 10% of the largest 2,500 compa- mate action and emission reduction higher than its nearest peer.
nies by market capitalisation in the S&P programmes and has taken a number
Global Broad Market Index based on of initiatives in this direction, such as In the social category, the company
long-term economic and ESG factors. setting up a 100-MW round-the-clock retained its top position by scoring
carbon-free power project for its Odisha 89%, 26% points ahead of its closest
“We have been able to signifi cantly smelter, which also earned it the presti- peer. As part of its social commitment,
boost our score because of our consis- gious ‘Energy Transition Changemaker’ the company invested Rs. 154-crore
tent efforts to raise our Environmental, award at COP28. in community programmes in FY24,
Social, and Governance standards. This impacting more than 2.5-million lives.
highlights our inclusive approach to It has also achieved a remarkable In terms of governance, the company
ESG, which includes committed efforts 19.54% reduction in specifi c GHG emis- scored 84%, which is 12 % higher than
to maintain biodiversity, water positivity, sions compared to its FY12 baseline and its nearest competitor. To improve gover-
zero waste to landfi ll, and ultimately is making further investments to support nance across all segments, the company
achieving net-zero emissions,” said eco-friendly smelter expansions as a part emphasises more on transparency and
Mr. Satish Pai, Managing Director, Hindalco. of its vision to source 30% of its energy accountability.

Siegwerk appoints Manjusha Singh as new CEO

for India region

Siegwerk, a Germany-based fi rm within the Siegwerk Group, manager at Hungama,
specialising in printing inks and coat- consistently delivering double- where she built her early
ings for packaging and labelling, has digit growth in recent years. expertise in sales manage-
appointed Ms. Manjusha Singh as Chief ment. Over the past two
Executive Offi cer for the India region, Ms. Singh brings with her decades at Tetra Pak, she
effective immediately. She is the fi rst over two decades of experi- has held progressively
woman CEO in the Siegwerk Group, ence in B2B sales and mar- senior roles, advancing
and one of the few woman leaders keting within the packaging from key account manager
in the ink industry. In her new role, industry. Her career began in 1999 at to her most recent position as vice p
Ms. Singh will oversee the Siegwerk Huhtamaki as deputy sales manager, resident of Global Sales & Marketing
India operations, a key growth engine followed by a role as regional sales Transformation.

152 Chemical Weekly November 19, 2024

Contents Index to Advertisers Index to Products Advertised